NTAP Relative Valuation
NTAP's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NTAP is overvalued; if below, it's undervalued.
Historical Valuation
NetApp Inc (NTAP) is now in the Undervalued zone, suggesting that its current forward PE ratio of 13.86 is considered Undervalued compared with the five-year average of 14.48. The fair price of NetApp Inc (NTAP) is between 134.85 to 163.21 according to relative valuation methord. Compared to the current price of 111.57 USD , NetApp Inc is Undervalued By 17.26%.
Relative Value
Fair Zone
134.85-163.21
Current Price：111.57
17.26%
Undervalued
13.86
PE
1Y
3Y
5Y
Trailing
Forward
9.83
EV/EBITDA
NetApp Inc. (NTAP) has a current EV/EBITDA of 9.83. The 5-year average EV/EBITDA is 9.75. The thresholds are as follows: Strongly Undervalued below 6.97, Undervalued between 6.97 and 8.36, Fairly Valued between 11.13 and 8.36, Overvalued between 11.13 and 12.52, and Strongly Overvalued above 12.52. The current Forward EV/EBITDA of 9.83 falls within the Historic Trend Line -Fairly Valued range.
10.66
EV/EBIT
NetApp Inc. (NTAP) has a current EV/EBIT of 10.66. The 5-year average EV/EBIT is 10.92. The thresholds are as follows: Strongly Undervalued below 7.77, Undervalued between 7.77 and 9.34, Fairly Valued between 12.49 and 9.34, Overvalued between 12.49 and 14.06, and Strongly Overvalued above 14.06. The current Forward EV/EBIT of 10.66 falls within the Historic Trend Line -Fairly Valued range.
111.67
PS
NetApp Inc. (NTAP) has a current PS of 111.67. The 5-year average PS is 3.95. The thresholds are as follows: Strongly Undervalued below -17.95, Undervalued between -17.95 and -7.00, Fairly Valued between 14.91 and -7.00, Overvalued between 14.91 and 25.86, and Strongly Overvalued above 25.86. The current Forward PS of 111.67 falls within the Strongly Overvalued range.
13.60
P/OCF
NetApp Inc. (NTAP) has a current P/OCF of 13.60. The 5-year average P/OCF is 12.51. The thresholds are as follows: Strongly Undervalued below 9.05, Undervalued between 9.05 and 10.78, Fairly Valued between 14.23 and 10.78, Overvalued between 14.23 and 15.96, and Strongly Overvalued above 15.96. The current Forward P/OCF of 13.60 falls within the Historic Trend Line -Fairly Valued range.
13.92
P/FCF
NetApp Inc. (NTAP) has a current P/FCF of 13.92. The 5-year average P/FCF is 14.43. The thresholds are as follows: Strongly Undervalued below 10.83, Undervalued between 10.83 and 12.63, Fairly Valued between 16.23 and 12.63, Overvalued between 16.23 and 18.03, and Strongly Overvalued above 18.03. The current Forward P/FCF of 13.92 falls within the Historic Trend Line -Fairly Valued range.
NetApp Inc (NTAP) has a current Price-to-Book (P/B) ratio of 22.91. Compared to its 3-year average P/B ratio of 20.11 , the current P/B ratio is approximately 13.92% higher. Relative to its 5-year average P/B ratio of 22.42, the current P/B ratio is about 2.16% higher. NetApp Inc (NTAP) has a Forward Free Cash Flow (FCF) yield of approximately 0.07%. Compared to its 3-year average FCF yield of 6.29%, the current FCF yield is approximately -98.82% lower. Relative to its 5-year average FCF yield of 6.41% , the current FCF yield is about -98.84% lower.
22.91
P/B
Median3y
20.11
Median5y
22.42
0.07
FCF Yield
Median3y
6.29
Median5y
6.41
Competitors Valuation Multiple
The average P/S ratio for NTAP's competitors is 105.38, providing a benchmark for relative valuation. NetApp Inc Corp (NTAP) exhibits a P/S ratio of 111.67, which is 5.97% above the industry average. Given its robust revenue growth of 1.17%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NTAP decreased by 8.62% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.54B to 1.56B.
The secondary factor is the P/E Change, contributed -2.70%to the performance.
Overall, the performance of NTAP in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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