NetApp, Inc. NTAP

201.15 3.91 1.98% as of 25 Sep
Market cap
$38.8B
P/E
28.0×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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))

The full definition of P/B ratio →

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