P/E Ratio
Updated 104h ago
Sector Performance
48th percentileNTAP
24.1x
Sector Median
24.7x
Sector Avg
36.0x
Deep Analysis
The P/E ratio (price-to-earnings) compares NTAP’s stock price to its per-share earnings — a P/E of 24.1x means investors pay $24.10 for every $1 of NTAP's earnings.
NTAP’s P/E sits just below the sector median of 24.5x, placing it at the 48th percentile among peers, indicating valuation nearly in line with the midpoint of the industry. A year-over-year change is not available, and the quarter-over-quarter change shows a slight decline of -0.2%, though only two quarterly data points exist to establish a trend. The combination of a near-median P/E with a minuscule downward move suggests no strong valuation pressure — the stock is trading roughly where its sector peers do, with negligible recent change. This metric supports the overall NEUTRAL verdict because the P/E neither signals overvaluation nor undervaluation relative to the sector, and the flat trend offers no clear directional bias for risk or opportunity.
Frequently Asked Questions
What does the P/E Ratio tell investors about NTAP?
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
How is the P/E Ratio calculated?
P/E Ratio is calculated as: Price / EPS.
Who are NTAP's closest peers by P/E Ratio?
The closest peers by P/E Ratio include: VICI (9.1x), OMF (9.0x), JACK (8.5x), GIS (8.4x), FIS (8.4x).
The Formula
Price / EPS
Why It Matters
Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.
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24.1x
Sector Median
24.7x
Sector Avg
36.0x
How NTAP's P/E Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.