NTAP

Nasdaq

NetApp, Inc.

Information Technology, Technology Hardware, Storage & Peripherals

$189.52

close 7 Aug 2026

+79.00%

52-week change

$37.15B

market cap

$93.69

$195.70

52-week range

Expected price

$107.08 – $130.87

Current price

$189.52

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)29.85x

P/S (TTM)5.96x

P/B27.50x

EV/EBITDA (TTM)20.27x

FCF yield (TTM)5.03%

PEG (TTM, GAAP)9.55

Context

P/E, own 5-year average19.44x

P/E, sector median37.34x*

Price at 5-year median P/E$120.52*

Indicated dividend yield1.10%

Forward — analyst consensus

Forward P/E (FY2027)21.28x*

Forward P/E (FY2028)19.26x

Forward PEG2.03*

Consensus EPS FY2027 (19 analysts)$8.90

EPS growth (FY2027→FY2028)10.48%

Revenue growth (FY2027)7.99%

Street view

Price target (mean)$177.25*

Target upside-6.47%

Ratings (buy / hold / sell)8 / 11 / 1

FY2027 EPS revisions, 30d (up / down)1 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 24 Apr 2026, filed 5 Jun 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +9.80%10Y CAGR +8.67%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$189.52

Cash & equivalents$2.07B

Total debt$2.49B

Shares outstanding196.00M

Result

DCF price per share$312.08

Current price$189.52

Margin of safety+64.67%

PV of years 1–10$20.49B

PV of terminal value$41.09B

Equity value$61.17B

Market-implied growth+3.47%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	Terminal
Growth, %											2.5
FCF	$2.05B	$2.25B	$2.47B	$2.72B	$2.98B	$3.28B	$3.60B	$3.95B	$4.34B	$4.76B	$88.71B
PV	$1.90B	$1.93B	$1.96B	$2.00B	$2.03B	$2.06B	$2.10B	$2.13B	$2.17B	$2.20B	$41.09B

period to 24 Apr 2026, filed 5 Jun 2026, close 7 Aug 2026