NetApp, Inc. NTAP
201.15
3.91
1.98%
as of 25 Sep
- Market cap
- $38.8B
- P/E
- 28.0×
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NetApp, Inc. (NTAP) P/B ratio
As of 25 September 2026, NetApp, Inc. (NTAP) trades at a P/B ratio of 26.4×. Over the past ten years it has ranged from 2.0× (February 2016) to 48.7× (February 2020); the current reading is higher than 80% of that period. That is above the Software Infrastructure industry median of 3.4× and above the Technology sector median of 3.0×.
P/B ratio, daily
Annual
| 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
| 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 | Free account |
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 | 4.7× |
| OKTA Okta, Inc. compare | 4.9× |
| CPAY Corpay, Inc. compare | 7.3× |
| CRWV CoreWeave Inc. compare | 9.6× |
| MDB MongoDB, Inc. compare | 11.1× |
| ZS Zscaler, Inc. compare | 11.9× |
| NTAP NetApp, Inc. | 26.4× |
| Software Infrastructure industry median | 3.4× |
| Technology sector median | 3.0× |
| Market median | 1.8× |
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))
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
- Price to free cash flow
- EV/EBITDA
- 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