NetApp, Inc. (NTAP)
NASDAQ · Information Technology · market cap 34.52B
Share price
$185.26
At the last nightly close
Intrinsic value
$157.11
Range $146.83 – $174.28 before any credit for growth. The figure above is $146.83 × 1.07, the credit the franchise record earns.
Margin of safety
-15.2%
($157.11 − $185.26) ÷ $185.26
EV / EBIT
36.8
On the median operating profit of 15 fiscal years through 2026.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-10-02.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2026-FY | 6.92B | 1.70B | 1.28B | 6.41 | 1.87B |
| 2025-FY | 6.57B | 1.43B | 1.19B | 5.81 | 1.34B |
| 2024-FY | 6.27B | 1.27B | 986.0M | 4.74 | 1.53B |
| 2023-FY | 6.36B | 1.16B | 1.27B | 5.87 | 868.0M |
| 2022-FY | 6.32B | 1.16B | 937.0M | 4.09 | 985.0M |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- NetApp Stock Rallies As AI Demand Fuels Big Earnings Beat - StocksToTradestockstotrade.com
- NetApp (Nasdaq:NTAP) - Stock Analysis - Simply Wall Stsimplywall.st
- NetApp (NTAP) Earnings: Latest Report, Earnings Call & Financialspublic.com
- NetApp (NTAP) Stock Falls on Q4 2026 Earnings | Quiver Quantitativequiverquant.com
- NTAP Stock Price, News & Analysis | NetAppstocktitan.net
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on NTAP.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.