NTAP

NetApp, Inc.

Fundamental data last updated:November 6, 2026

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company profile

SECTOR

Technology

industry

Computer Hardware

Exchange

NASDAQ

County of HQ

United States

Next Earnings Date

12/01/2026

Business Summary

NTAP's business model revolves around providing data management solutions, leveraging its expertise to lock in enterprise clients. By offering high-performance storage and data services, it ensures recurring revenue streams. Its competitive moat is fortified by a robust ecosystem that integrates seamlessly with existing IT infrastructures. This integration not only enhances customer loyalty but also creates significant switching costs, securing its market position.

 


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VALUATION

P/E

31.15

Market Cap ($M USD)

$43.93B

Forward P/E

22.35

PEG

1.23

PRICE TO SALES

5.94

PRICE TO BOOK

29.32

EV / EBITDA

20.91

5-Year Average P/E

Free Cash Flow Yield

3.76%

DCF Value

$73.06

Graham Number

$35.24

Price to FCF

26.62

EV to FCF

27.21

Earnings Yield

3.23%

FCF Yield

3.76%

DIVIDEND

Yield

0.93%

Annual Payout

$2.08

Payout Ratio

28.98%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$7.23

Next Year EPS Growth Estimate

$10.01

Next Year Revenue Growth Estimate

$8.18B

Return on Equity (ROE)

113.67%

FREE CASH FLOW

Operating Margin

25.73%

Debt-to-Equity

1.69

Piotroski F-Score

7

Altman Z-Score

4.20

Return on Invested Capital (ROIC)

21.13%

Current Ratio

1.24

Quick Ratio

1.16

Net Debt to EBITDA

0.45

Interest Coverage

17.45

Gross Profit margin

70.63%

FCF PER SHARE

$8.42

REVENUE PER SHARE

$37.71

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Gainseekers Quantitative Analysis

Summary

The market seems to be pricing NTAP with a level of optimism that may not align with its intrinsic value. The stock traded significantly above its DCF Value and Graham Number, suggesting potential overvaluation. A Forward P/E of 22.35 indicates expectations of growth, yet the Earnings Yield of 3.23% raises questions about immediate returns. However, the Altman Z-score of 4.20 suggests financial stability, indicating low bankruptcy risk. Overall, while the company is financially sound, its current valuation appears stretched.

AI Exposure / Tech Reliance

Operating within the Computer Hardware industry, NTAP is well-positioned to capitalize on AI and tech advancements. The sector's rapid evolution demands agility, and NTAP's robust operating margin of 25.73% suggests it can invest in innovation. This adaptability is crucial for maintaining relevance in a tech-driven world.

The Bull Case

For the discerning GARP investor, NTAP presents an intriguing opportunity. With a strong ROIC of 21.13%, the company demonstrates exceptional capital efficiency. The Piotroski F-Score of 7 indicates solid financial health, while a Free Cash Flow Yield of 3.76% underscores its ability to generate cash. These metrics reflect a company with significant pricing power and operational prowess, making it a compelling buy for those seeking growth at a reasonable price.

The Bear Case

Despite its strengths, NTAP's valuation metrics raise red flags. The Price/Book ratio of 29.32 and Price/Sales of 5.94 suggest the stock is priced for perfection, leaving little room for error. Trading close to its 52-week high, it appears technically overextended. Additionally, a modest TTM Yield of 0.93% may not satisfy income-focused investors. These factors combine to create a precarious situation for potential buyers.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$219.30

Institutional Ownership %

1-Year Beta

1.45

Insider Buying % (6 Mo)

Distance to 52-Week High

7.69%

Distance to 52-Week Low

58.11%

EARNINGS SURPRISE %

21.70%

50-DAY SMA

$204.57

200-DAY SMA

$149.05

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.