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NetApp price to book ratio NTAP

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
28.3×
10-year median
19.1×
Against its 10-year history
84th
percentile: 0 is its lowest day, 100 its highest
10-year range
2.0× to 43.1×
Peer median
12.4×

NetApp's price to book ratio is 28.3× as of Oct 23, 2026.

That is above its ten-year median of 19.1×, higher than on 84% of days in the last ten years.

Over that time it ranged from 2.0× in Apr 2024 to 43.1× in Feb 2021.

The median for 10 computer hardware stocks of a similar size is 12.4×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far28.3×16.3×31.2×
202522.2×15.6×28.7×
202426.7×2.0×29.9×
202323.6×11.4×24.4×
202210.8×10.6×27.9×
202126.9×25.2×43.1×
202040.0×22.7×41.9×
201926.2×9.8×26.9×
20189.7×5.4×11.7×
20175.3×3.5×5.6×
20163.5×2.1×3.7×
20152.6×2.6×3.7×
20143.8×2.9×3.9×
20133.4×2.6×3.7×
20122.7×2.3×4.1×
20113.4×3.3×6.8×
20106.2×6.1×6.9×

Against its peers

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

CompanyPrice to book ratio
NTAPNetApp28.3×
PEverpure26.7×
HPQHPn/m
HPEHewlett Packard Enterprise2.8×
SMCISuper Micro Computer1.5×
LOGILogitech International6.7×
WDCWestern Digital13.3×
STXSeagate Technology65.9×
SNDKSandisk11.5×
ANETArista Networks14.7×
DELLDell Technologiesn/m
Peer median12.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on NetApp

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