NetApp forward PE NTAP

Share price divided by analysts' consensus earnings for the next twelve months, since 1997.

Today, Oct 23, 2026: 21.7×
10-year median: 14.7×
Against its 10-year history: 99th; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.3× to 23.9×
Peer median: 13.9×

NetApp's forward PE is 21.7× as of Oct 23, 2026.

That is above its ten-year median of 14.7×, higher than on 99% of days in the last ten years.

Over that time it ranged from 10.3× in Apr 2026 to 23.9× in Oct 2026.

The median for 10 computer hardware stocks of a similar size is 13.9×.

Forward PE over time

median 14.7×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	21.7×	10.3×	23.9×
2025	12.2×	10.3×	17.4×
2024	16.2×	12.7×	18.9×
2023	13.1×	11.1×	13.6×
2022	11.7×	11.5×	19.1×
2021	18.4×	13.4×	19.4×
2020	15.4×	11.0×	18.5×
2019	18.0×	12.0×	19.5×
2018	14.9×	14.3×	21.6×
2017	15.0×	11.4×	15.8×
2016	13.4×	9.6×	14.4×
2015	11.8×	11.8×	18.2×
2014	18.7×	12.8×	19.0×
2013	16.1×	13.7×	17.8×
2012	14.6×	13.1×	24.3×
2011	18.3×	16.5×	30.9×
2010	28.0×	18.4×	29.9×
2009	22.2×	12.4×	22.2×
2008	12.1×	12.1×	25.3×
2007	23.7×	23.2×	41.3×

Against its peers

Companies in Computer Hardware nearest NetApp's size, closest first, today.

Company	Forward PE
NTAPNetApp	21.7×
PEverpure	37.9×
HPQHP	11.2×
HPEHewlett Packard Enterprise	12.2×
SMCISuper Micro Computer	7.6×
LOGILogitech International	n/m
WDCWestern Digital	15.5×
STXSeagate Technology	16.8×
SNDKSandisk	5.8×
ANETArista Networks	36.9×
DELLDell Technologies	n/m
Peer median	13.9×

Where NetApp ranks

#45of 95Technology stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on NetApp

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.