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NetApp, Inc. (NTAP)

Computer Storage Devices

Latest Price
$199.18
TTM P/E
28.09
Normalized P/E
35.20
TTM Div Yield
1.04%
Fwd Div Yield
1.04%
Book Value
7.61
P/B Ratio
26.17

Valuation metrics

adjust assumptions →
EPS: $6.35
Book value / share: $6.89
Formula: √(22.5 × EPS × BVPS)
Graham Number
$31.38
86% downside
Norm. op. income: $1.2B (median of 7yr)
Tax rate: 18%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$53.90
75% downside
Base FCF: $1.3B (median of recent 5yr)
Growth: 7%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$136.27
38% downside
EPS: $6.35
Target P/E: 39×
Formula: EPS × P/E
P/E Fair Value
$247.65
+13% upside

Institutional Ownership

97.7% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.18.90M$2.92B9.64%-1.01M2026-06-30
Vanguard Capital Management LLC12.89M$1.99B6.57%+397.6K2026-06-30
Vanguard Portfolio Management LLC12.28M$1.90B6.26%-375.4K2026-06-30
State Street Corp9.92M$1.53B5.06%-101.9K2026-06-30
Primecap Management Co9.02M$1.40B4.60%-40.8K2026-06-30
Geode Capital Management, LLC6.37M$986.0M3.25%-76.3K2026-06-30
Ameriprise Financial Inc4.68M$723.0M2.39%-1.32M2026-06-30
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC4.44M$687.0M2.27%+383.7K2026-06-30
Norges Bank4.17M$645.0M2.13%-106.5K2026-06-30
Wellington Management Group LLP3.86M$597.0M1.97%-810.7K2026-06-30
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