NTAPNEUTRAL

NTAP P/E Ratio Analysis

23.4x

Updated 1011h ago·SEC filings & market data

Key Takeaway

The P/E ratio (price-to-earnings) shows what you pay for each $1 of a company’s annual earnings, so a 23.4x level means the stock trades at 23.4 times its profit.

Sector Performance

52th percentile

NTAP

23.4x

Sector Median

22.9x

Sector Avg

34.3x

Prior Period

26.1x(Aug 2026)

↑ Improving

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Deep Analysis

The P/E ratio (price-to-earnings) shows what you pay for each $1 of a company’s annual earnings, so a 23.4x level means the stock trades at 23.4 times its profit.

NTAP sits just above the sector median of 23.0x, ranking at the 51st percentile among peers, so its valuation is essentially in line with the field. The ratio has dropped 10.5% quarter-over-quarter from 26.1x (prior-year data is not available), so the multiple is clearly contracting. That decline makes the stock cheaper relative to its earnings than it was three months ago, even as the absolute level stays close to the sector norm. For an investor, this combination of a near-median level with a falling multiple suggests modest valuation risk

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.

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Learn More About P/E Ratio

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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.