NetApp, Inc. NTAP
- Market cap
- $38.8B
- P/E
- 28.0×
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NetApp, Inc. (NTAP) EV/Sales
As of 25 September 2026, NetApp, Inc. (NTAP) trades at a EV/Sales of 5.2×. Over the past ten years it has ranged from 0.5× (February 2016) to 5.3× (August 2026); the current reading is higher than 100% of that period. That is above the Software Infrastructure industry median of 3.0× and above the Technology sector median of 2.9×.
EV/Sales, daily
Annual
| Period | EV/Sales | Change |
|---|---|---|
| FY2026 | 3.1× | 16.34% |
| FY2025 | 2.7× | (17.26%) |
| FY2024 | 3.3× | 57.02% |
| FY2023 | 2.1× | (12.72%) |
| FY2022 | 2.4× | (6.99%) |
| FY2021 | 2.6× | 55.19% |
| FY2020 | 1.6× | (37.38%) |
| FY2019 | 2.6× | 5.48% |
| FY2018 | 2.5× | 79.59% |
| FY2017 | 1.4× | 97.94% |
Quarterly
| Period | EV/Sales | Change |
|---|---|---|
| Jul 2026 | 4.6× | 46.39% |
| Apr 2026 | 3.1× | 7.65% |
| Jan 2026 | 2.9× | (18.36%) |
| Oct 2025 | 3.6× | 12.72% |
| 43 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| XYZ Block, Inc. compare | 1.9× |
| CPAY Corpay, Inc. compare | 4.4× |
| NTAP NetApp, Inc. | 5.2× |
| TWLO Twilio Inc. compare | 7.3× |
| ZS Zscaler, Inc. compare | 9.0× |
| CRWV CoreWeave Inc. compare | 10.2× |
| OKTA Okta, Inc. compare | 10.6× |
| MDB MongoDB, Inc. compare | 11.8× |
| VRSN VeriSign, Inc. compare | 16.0× |
| Software Infrastructure industry median | 3.0× |
| Technology sector median | 2.9× |
| Market median | 2.2× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (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/EBITDA
- 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