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Saturday 17 October 2026 Export NTAP’s income statement to Excel — free account

NetApp, Inc.

NTAP Technology Software Infrastructure

In the quarter to July 2026, revenue grew 29.9%, EPS grew 64.7%, free cash flow fell 35.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

203.80 10.90 −5.08%
Market cap
$42.2B
P/E
28.4×
Fwd P/E
23.4×
Dividend yield
1.02%
F-score
9/9
Altman Z
2.78
Beneish M
−2.74
Dividend safety
93/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

NetApp, Inc. (NTAP) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, NetApp, Inc. (NTAP) trades at a P/B ratio of 26.7×. Over the past ten years it has ranged from 2.0× (February 2016) to 48.7× (February 2020); the current reading is higher than 82% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2026 16.3× (7.32%)
FY2025 17.6× (5.10%)
FY2024 18.6× 55.57%
FY2023 11.9× (39.44%)
FY2022 19.7× (18.65%)
FY2021 24.2× (41.81%)
FY2020 41.6× 145.05%
FY2019 17.0× 116.54%
FY2018 7.8× 97.34%
FY2017 4.0× 67.08%

Quarterly newest first

Period P/B ratio Change
Jul 2026 23.4× 43.43%
Apr 2026 16.3× (2.09%)
Jan 2026 16.7× (29.90%)
Oct 2025 23.8× 10.73%
43 more quarters

Against its own ten years

Low 2.0× High 48.7×
Ten-year median 17.4×
Current reading's percentile 80

P/B ratio against peers

Company P/B ratio
VRSN VeriSign, Inc. compare n/m
XYZ Block, Inc. compare 2.1×
TWLO Twilio Inc. compare 4.2×
NBIS Nebius Group N.V. compare 4.5×
OKTA Okta, Inc. compare 4.7×
CRWV CoreWeave Inc. compare 6.7×
MDB MongoDB, Inc. compare 9.1×
ZS Zscaler, Inc. compare 12.8×
NTAP NetApp, Inc. 26.7×
Software Infrastructure industry median 2.9×
Technology sector median 2.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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