NetApp (NTAP)
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-09-04
$185.59+0.11%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologyComputer HardwareSnapshot 2026-09-04
QuarterlyIQ Insights · NTAP
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $186 NTAP trades at 24× p/e, below its 40× p/e peer median, but our blended $168 fair value sits below the price. We hold it with medium confidence: the peer anchor overstates how cheap it looks. Analysts target $150–$219. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $190.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $259.52 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $476.78 | — | — | Hist. CAGR | high |
| ddm gordon | 12M | $38.45 | — | — | TTM | high |
| graham number | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$150.00 – $219.00 (median $190.00) · 15 analysts · as of 2026-09-03
Only weak execution quality — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 43% over what the business is worth with no growth; closing that gap needs roughly 4.2 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $6.78/sh owner earnings.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2026-Q1, 2026-Q2, 2026-Q3, 2027-Q1
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $36.34 |
| — |
| — |
| TTM |
| high |
| Peer EV/EBITDA | 12M | $177.64 | 19.5 | 9.22 | TTM | high |
| Peer P/FCF | 12M | $197.43 | 21.1 | 9.35 | TTM | high |
| Peer P/E | 12M | $313.04 | 39.9 | 7.85 | TTM | high |
| Peer P/S | 12M | $185.59 | 5.3 | 35.28 | TTM | high |
| PEG | 12M | $79.62 | 10.1 | 7.85 | TTM | high |
| residual income | 12M | $36.07 | — | — | TTM | high |
| triangulated | 12M | $319.96 | 39.9 | 8.02 | Triangulated | high |
| Peer P/FCF | 3Y | $300.27 | 21.1 | 14.21 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $474.58 | 39.9 | 11.90 | Analyst | medium |
| Peer P/S | 3Y | $246.05 | 5.3 | 46.77 | guidance | medium |
| PEG | 3Y | $120.70 | 10.1 | 11.90 | Analyst | medium |
| Peer P/FCF | 5Y | $397.11 | 21.1 | 18.80 | Hist. CAGR(prov.) | medium |
| Peer P/E | 5Y | $543.36 | 39.9 | 13.63 | Analyst | medium |
| Peer P/S | 5Y | $281.71 | 5.3 | 53.55 | guidance | medium |
| PEG | 5Y | $138.19 | 10.1 | 13.63 | Analyst | medium |