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 13.79 is considered Undervalued compared with the five-year average of 14.48. The fair price of NetApp Inc (NTAP) is between 127.69 to 157.25 according to relative valuation methord. Compared to the current price of 115.83 USD , NetApp Inc is Undervalued By 9.29%.
Relative Value
Fair Zone
127.69-157.25
Current Price：115.83
9.29%
Undervalued
13.95
PE
1Y
3Y
5Y
Trailing
Forward
9.71
EV/EBITDA
NetApp Inc. (NTAP) has a current EV/EBITDA of 9.71. The 5-year average EV/EBITDA is 9.76. The thresholds are as follows: Strongly Undervalued below 7.02, Undervalued between 7.02 and 8.39, Fairly Valued between 11.13 and 8.39, Overvalued between 11.13 and 12.50, and Strongly Overvalued above 12.50. The current Forward EV/EBITDA of 9.71 falls within the Historic Trend Line -Fairly Valued range.
10.65
EV/EBIT
NetApp Inc. (NTAP) has a current EV/EBIT of 10.65. The 5-year average EV/EBIT is 10.92. The thresholds are as follows: Strongly Undervalued below 7.80, Undervalued between 7.80 and 9.36, Fairly Valued between 12.48 and 9.36, Overvalued between 12.48 and 14.04, and Strongly Overvalued above 14.04. The current Forward EV/EBIT of 10.65 falls within the Historic Trend Line -Fairly Valued range.
3.28
PS
NetApp Inc. (NTAP) has a current PS of 3.28. The 5-year average PS is 2.89. The thresholds are as follows: Strongly Undervalued below 1.86, Undervalued between 1.86 and 2.37, Fairly Valued between 3.41 and 2.37, Overvalued between 3.41 and 3.92, and Strongly Overvalued above 3.92. The current Forward PS of 3.28 falls within the Historic Trend Line -Fairly Valued range.
13.39
P/OCF
NetApp Inc. (NTAP) has a current P/OCF of 13.39. The 5-year average P/OCF is 12.54. The thresholds are as follows: Strongly Undervalued below 9.14, Undervalued between 9.14 and 10.84, Fairly Valued between 14.25 and 10.84, Overvalued between 14.25 and 15.95, and Strongly Overvalued above 15.95. The current Forward P/OCF of 13.39 falls within the Historic Trend Line -Fairly Valued range.
13.99
P/FCF
NetApp Inc. (NTAP) has a current P/FCF of 13.99. The 5-year average P/FCF is 14.43. The thresholds are as follows: Strongly Undervalued below 10.88, Undervalued between 10.88 and 12.66, Fairly Valued between 16.20 and 12.66, Overvalued between 16.20 and 17.98, and Strongly Overvalued above 17.98. The current Forward P/FCF of 13.99 falls within the Historic Trend Line -Fairly Valued range.
NetApp Inc (NTAP) has a current Price-to-Book (P/B) ratio of 23.03. Compared to its 3-year average P/B ratio of 20.27 , the current P/B ratio is approximately 13.57% higher. Relative to its 5-year average P/B ratio of 22.30, the current P/B ratio is about 3.23% higher. NetApp Inc (NTAP) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 6.34%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 6.40% , the current FCF yield is about -100.00% lower.
23.29
P/B
Median3y
20.27
Median5y
22.30
7.38
FCF Yield
Median3y
6.34
Median5y
6.40
Competitors Valuation Multiple
The average P/S ratio for NTAP's competitors is 3.52, providing a benchmark for relative valuation. NetApp Inc Corp (NTAP) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 2.83%, 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 0.08% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.66B to 1.71B.
The secondary factor is the Margin Expansion, contributed -0.78%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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