Forward PE Ratio: 20.72
The forward PE ratio is 20.72 as of Thursday, July 9, 2026.
Forward PE Ratio (20.72) = Close Price ($171.73) / Consensus Forward EPS ($7.98)
NTAP Forward PE Ratio Metrics
FORWARD PE RATIO
20.72
NTAP Competitors' Forward PE Ratio
NetApp, Inc.
Market Cap
$33.65B
Forward PE Ratio
20.72
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| NetApp, Inc. (NTAP) | $33.65B | 20.72 |
| Twilio Inc. (TWLO)vs › | $33.18B | N/A |
| Ubiquiti Inc. (UI)vs › | $32.95B | 34.59 |
| ANSYS, Inc. (ANSS)vs › | $32.91B | 29.34 |
| Jabil Inc. (JBL)vs › | $34.84B | 25.50 |
| Roper Technologies, Inc. (ROP)vs › | $35.92B | 16.20 |
| Workday, Inc. (WDAY)vs › | $36.24B | 15.18 |
| Qnity Electronics, Inc. (Q)vs › | $30.03B | 34.35 |
| Fair Isaac Corporation (FICO)vs › | $29.67B | 29.47 |
| Teledyne Technologies Incorporated (TDY)vs › | $29.26B | 26.47 |
Trailing vs Forward
Trailing P/E
26.0
reported TTM EPS
Forward P/E
20.7
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.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $171.73 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 | $8.91 | $8.86 – $9.04 | 12 | 19.3x |
| 2028-04-24 | $9.85 | $9.19 – $10.49 | 12 | 17.4x |
| 2029-04-24 | $10.50 | $10.23 – $10.94 | 1 | 16.4x |
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.
Forward PE Ratio Formula & Definition
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
Forward PE Ratio FAQ
- What is the forward PE ratio for NetApp, Inc. (NTAP)?
- The forward PE ratio for NTAP stock is 20.72.
Related Metrics
About NetApp, Inc.
NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- George Kurian