NetApp, Inc. NTAP
- Market cap
- $38.8B
- P/E
- 28.0×
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NetApp, Inc. (NTAP) EV/EBITDA
As of 25 September 2026, NetApp, Inc. (NTAP) trades at a EV/EBITDA of 18.9×. Over the past ten years it has ranged from 3.8× (January 2016) to 19.4× (August 2026); the current reading is higher than 100% of that period. That is above the Software Infrastructure industry median of 14.9× and above the Technology sector median of 15.7×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2026 | 11.6× | 3.36% |
| FY2025 | 11.2× | (19.34%) |
| FY2024 | 13.9× | 33.32% |
| FY2023 | 10.4× | (6.21%) |
| FY2022 | 11.1× | (6.25%) |
| FY2021 | 11.8× | 51.41% |
| FY2020 | 7.8× | (31.30%) |
| FY2019 | 11.4× | 4.74% |
| FY2018 | 10.9× | 20.92% |
| FY2017 | 9.0× | 45.07% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jul 2026 | 16.7× | 44.16% |
| Apr 2026 | 11.6× | 0.45% |
| Jan 2026 | 11.5× | (20.21%) |
| Oct 2025 | 14.4× | 10.55% |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| CPAY Corpay, Inc. compare | 8.3× |
| NTAP NetApp, Inc. | 18.9× |
| CRWV CoreWeave Inc. compare | 19.8× |
| VRSN VeriSign, Inc. compare | 23.3× |
| OKTA Okta, Inc. compare | 65.7× |
| TWLO Twilio Inc. compare | 79.5× |
| ZS Zscaler, Inc. compare | 112× |
| XYZ Block, Inc. compare | 131× |
| MDB MongoDB, Inc. compare | 1,432× |
| Software Infrastructure industry median | 14.9× |
| Technology sector median | 15.7× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on NTAP
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement