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NTAP

NetApp Inc

US$226.27+5.22% (US$11.22)
Day's range
US$216.25 – US$231.90
Day's volume
US$1.1bn
52-week range
US$93.35 – US$226.27

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NTAP in numbers

Market cap
US$44.4bn
P/E
31.34
P/B
29.73
Dividend yield (12m)
0.69%
Net debt/EBITDA
-0.54

The 12-month dividend yield of NTAP is 0.69%, below its 5-year average of 2.29%.

NTAP price history

06/10/202502/10/2026
Compare with

NTAP risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+105.48%+160.76%+183.68%
Volatility (annualised)61.53%42.90%39.07%
Largest drawdown-13.21%-30.93%-32.92%
Positive months8/1220/3630/60

How much did investing in NTAP return?

US$1,000.00 invested on 01/11/2021 would be worth US$2,836.76 today.

Value today in NTAP
US$2,836.76
Return over the period
+183.68%
Return per year
+23.62%
In the S&P 500
US$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

NTAP fundamentals

Valuation

  • P/E
    31.34
  • P/B
    29.73
  • EV/EBITDA
    21.57
  • EV/EBIT
    23.45
  • EV/Revenue
    5.87
  • P/EBIT
    24.04
  • P/S
    6.01
  • P/OCF
    23.43
  • P/FCF
    26.94
  • Earnings yield
    4.26%
  • PEG ratio
    —
  • Earnings per share
    US$7.22
  • Book value per share
    US$7.61

Debt

  • Net debt
    -US$1.1bn
  • Net debt/EBITDA
    -0.54
  • Net debt/Equity
    -0.73
  • Debt/Equity
    1.66
  • Current ratio
    1.24
  • Quick ratio
    1.16
  • Cash ratio
    0.78

Efficiency

  • Gross margin
    70.63%
  • EBITDA margin
    27.20%
  • Operating margin
    25.02%
  • Net margin
    19.19%
  • Asset turnover
    0.67

Profitability

  • ROE
    94.85%
  • ROA
    12.94%
  • ROIC
    352.41%
  • Payout
    21.61%

Growth

  • Revenue CAGR (5 years)
    4.61%
  • Earnings CAGR (5 years)
    10.65%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is NTAP's fair price?

Two classic value formulas, with today's numbers. The current price is US$226.27.

Graham's fair price
US$35.16
84.46% below the price

√(22.50 × US$7.22 × US$7.61)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$33.60
85.15% below the price

US$2.02 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

NTAP indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20262025202420232022202120202019
P/E34.7418.0924.2314.7014.1828.1317.9412.78
P/B32.8120.6320.8516.1615.8529.9860.7213.71
EV/EBITDA23.3313.6016.3115.059.0315.0012.269.36
Dividend yield0.69%1.94%1.76%2.27%3.33%2.13%2.90%2.83%
Earnings per shareUS$6.51US$5.92US$4.79US$6.00US$4.24US$3.27US$3.69US$4.87
Book value per shareUS$6.90US$5.19US$5.57US$5.46US$3.79US$3.07US$1.09US$4.54
ROE94.45%114.04%86.04%109.92%111.81%106.57%338.43%107.25%
ROIC510.29%267.26%331.38%212.97%————
Gross margin70.74%70.19%70.72%66.16%66.79%66.42%66.94%64.19%
EBITDA margin26.76%23.33%22.53%18.85%20.66%21.55%20.31%22.31%
Net margin18.43%18.05%15.73%20.03%14.83%12.71%15.13%19.02%
Net debt/EBITDA-0.59-0.40-0.61-0.57-1.15-1.59-1.10-1.54

NTAP financial statements

Line202620252024202320222021
Net revenueUS$6.9bnUS$6.6bnUS$6.3bnUS$6.4bnUS$6.3bnUS$5.7bn
Cost of sales-US$2bn-US$2bn-US$1.8bn-US$2.2bn-US$2.1bn-US$1.9bn
Gross profitUS$4.9bnUS$4.6bnUS$4.4bnUS$4.2bnUS$4.2bnUS$3.8bn
EBITDAUS$1.9bnUS$1.5bnUS$1.4bnUS$1.2bnUS$1.3bnUS$1.2bn
EBITUS$1.7bnUS$1.3bnUS$1.2bnUS$1bnUS$1.2bnUS$1bn
Net finance result-US$26mUS$46mUS$49mUS$48m-US$62m-US$69m
Profit before taxUS$1.6bnUS$1.4bnUS$1.3bnUS$1.1bnUS$1.1bnUS$962m
Income tax-US$372m-US$197m-US$277mUS$208m-US$158m-US$232m
Net incomeUS$1.3bnUS$1.2bnUS$986mUS$1.3bnUS$937mUS$730m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does NTAP pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Dividend08/10/202628/10/2026US$0.52

Dividend yield per year

  • 1.41%2017
  • 2.01%2018
  • 2.83%2019
  • 2.90%2020
  • 2.13%2021
  • 3.33%2022
  • 2.27%2023
  • 1.76%2024
  • 1.94%2025
  • 0.69%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/07/202629/07/2026US$0.52
Dividend01/04/202622/04/2026US$0.52
Dividend01/01/202621/01/2026US$0.52
Dividend02/10/202522/10/2025US$0.52
Dividend02/07/202523/07/2025US$0.52
Dividend03/04/202523/04/2025US$0.52
Dividend02/01/202522/01/2025US$0.52
Dividend03/10/202423/10/2024US$0.52
Dividend04/07/202424/07/2024US$0.52
Dividend03/04/202424/04/2024US$0.50
Dividend03/01/202424/01/2024US$0.50
Dividend04/10/202325/10/2023US$0.50
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend05/07/202326/07/2023US$0.50
Dividend04/04/202326/04/2023US$0.50
Dividend04/01/202325/01/2023US$0.50
Dividend05/10/202226/10/2022US$0.50
Dividend06/07/202227/07/2022US$0.50
Dividend06/04/202227/04/2022US$0.50
Dividend05/01/202226/01/2022US$0.50
Dividend06/10/202127/10/2021US$0.50
Dividend07/07/202128/07/2021US$0.50
Dividend07/04/202128/04/2021US$0.48
Dividend06/01/202127/01/2021US$0.48
Dividend07/10/202028/10/2020US$0.48
Dividend08/07/202029/07/2020US$0.48
Dividend01/04/202022/04/2020US$0.48
Dividend01/01/202022/01/2020US$0.48
Dividend02/10/201923/10/2019US$0.48
Dividend02/07/201924/07/2019US$0.48
Dividend03/04/201924/04/2019US$0.40
Dividend02/01/201923/01/2019US$0.40
Dividend03/10/201824/10/2018US$0.40
Dividend04/07/201825/07/2018US$0.40
Dividend04/04/201825/04/2018US$0.20
Dividend03/01/201824/01/2018US$0.20
Dividend04/10/201725/10/2017US$0.20
Dividend04/07/201726/07/2017US$0.20
Dividend04/04/201726/04/2017US$0.19
Dividend03/01/201725/01/2017US$0.19
Dividend04/10/201626/10/2016US$0.19

About Netapp

Sector
Manufacturing

Questions about NTAP

How much is NTAP today?

NTAP is at US$226.27 (5.22% on the day), last traded on 02/10/2026.

How much did NTAP pay in dividends in 2025?

NTAP paid US$2.08 per share in 2025, a dividend yield of 1.94%.

When is the next NTAP dividend?

The next announced payment is US$0.52 per share on 28/10/2026.

What are the P/E and P/B of NTAP?

NTAP trades at a P/E of 31.34 and a P/B of 29.73.

How much did NTAP return in 12 months?

NTAP returned 105.48% in 12 months, with annualised volatility of 61.53% and a largest drawdown of -13.21%.