Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 24.09.
Forward PE Ratio (24.09) = Close Price ($192.27) / Consensus Forward EPS ($7.98)
FORWARD PE RATIO
24.09
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
-11.24%
vs the sector median at left
NetApp, Inc.
Market Cap
$37.73B
Forward PE Ratio
24.09
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| NetApp, Inc. (NTAP) | $37.73B | 24.09 |
| Strategy Inc (MSTR)vs › | $39.45B | N/A |
| Veeva Systems Inc. (VEEV)vs › | $40.27B | 31.22 |
| MongoDB, Inc. (MDB)vs › | $34.65B | 89.46 |
| Twilio Inc. (TWLO)vs › | $34.19B | 38.01 |
| Microchip Technology Incorporated (MCHP)vs › | $41.31B | 48.52 |
| Celestica Inc. (CLS)vs › | $34.10B | 25.90 |
| Roper Technologies, Inc. (ROP)vs › | $41.56B | 18.53 |
| Ubiquiti Inc. (UI)vs › | $33.83B | 36.65 |
| Jabil Inc. (JBL)vs › | $32.82B | 24.55 |
Trailing P/E
30.2
reported TTM EPS
Forward P/E
24.1
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $7.98 implies +25.5% EPS growth vs the reported trailing $6.36.
At today's $192.27 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2027-04-24 | $9.01 | $8.84 – $9.82 | 11 | 21.3x |
| 2028-04-24 | $10.02 | $9.15 – $11.71 | 11 | 19.2x |
| 2029-04-24 | $11.35 | $10.88 – $12.08 | 1 | 16.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
