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NetApp price to free cash flow NTAP

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026
25.7×
10-year median
14.5×
Against its 10-year history
99th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.7× to 28.2×
Peer median
26.0×

NetApp's price to free cash flow is 25.7× as of Oct 23, 2026.

That is above its ten-year median of 14.5×, higher than on 99% of days in the last ten years.

Over that time it ranged from 1.7× in Apr 2024 to 28.2× in Oct 2026.

The median for 10 computer hardware stocks of a similar size is 26.0×.

Price to free cash flow 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 far25.7×11.4×28.2×
202513.1×12.2×18.6×
202417.3×1.7×19.4×
202317.6×12.9×19.5×
202214.5×12.8×17.2×
202115.7×13.2×18.4×
202014.0×8.5×14.8×
201914.4×9.1×15.3×
201812.2×11.7×17.1×
201714.5×10.6×18.3×
201610.6×7.7×12.0×
20159.8×8.4×12.0×
201412.3×9.3×12.9×
201311.7×10.3×14.2×
201211.0×9.2×12.2×

Against its peers

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

CompanyPrice to free cash flow
NTAPNetApp25.7×
PEverpure321×
HPQHP7.8×
HPEHewlett Packard Enterprise18.1×
SMCISuper Micro Computern/m
LOGILogitech International15.4×
WDCWestern Digitaln/m
STXSeagate Technology46.0×
SNDKSandisk15.8×
ANETArista Networks42.2×
DELLDell Technologies33.9×
Peer median26.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on NetApp

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