P/E ratio for NetApp (NTAP)
P/E ratio as of June 2024 (TTM): 20.8
According to NetApp 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.7665. At the end of 2022 the company had a P/E ratio of 8.92.
P/E ratio history for NetApp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.92 | -58.96% |
| 2021 | 21.7 | 1.45% |
| 2020 | 21.4 | 40.5% |
| 2019 | 15.3 | -70.85% |
| 2018 | 52.3 | 125.19% |
| 2017 | 23.2 | -26.85% |
| 2016 | 31.8 | 55.7% |
| 2015 | 20.4 | -4.49% |
| 2014 | 21.4 | -14.83% |
| 2013 | 25.1 | -2.8% |
| 2012 | 25.8 | 24.52% |
| 2011 | 20.7 | -39.66% |
| 2010 | 34.3 | -61.01% |
| 2009 | 88.1 | 417.14% |
| 2008 | 17.0 | -48.81% |
| 2007 | 33.3 | -36.46% |
| 2006 | 52.4 | 35.78% |
| 2005 | 38.6 | -41.95% |
| 2004 | 66.4 | 17.02% |
| 2003 | 56.8 | -20.51% |
| 2002 | 71.4 | -73.87% |
| 2001 | 273 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 HP HPQ | 16.4 | -20.99% | 🇺🇸 USA |
 Western Digital WDC | -9.86 | -147.47% | 🇺🇸 USA |
 Seagate Technology STX | -26.2 | -226.40% | 🇮🇪 Ireland |
 Supermicro SMCI | 71.7 | 245.19% | 🇺🇸 USA |
 Teradata TDC | 55.6 | 167.55% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.