NetApp, Inc. (NTAP)
Computer Storage Devices
Latest Price
$188.28
TTM P/E
26.55
Normalized P/E
34.18
Div Yield
1.10%
Book Value
7.63
P/B Ratio
24.68
Valuation metrics
adjust assumptions →EPS: $6.35
Book value / share: $6.89
Formula: √(22.5 × EPS × BVPS)
Graham Number
$31.38
83% 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
71% 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
28% downside
EPS: $6.35
Target P/E: 36×
Formula: EPS × P/E
P/E Fair Value
$228.60
+21% upside
Institutional Ownership
97.6% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 18.90M | $2.92B | 9.64% | -1.01M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 12.89M | $1.99B | 6.57% | +397.6K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 12.28M | $1.90B | 6.26% | -375.4K | 2026-06-30 |
| STATE STREET CORP | 9.92M | $1.53B | 5.06% | -101.9K | 2026-06-30 |
| PRIMECAP MANAGEMENT CO/CA/ | 9.02M | $1.40B | 4.60% | -40.8K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 6.37M | $986.0M | 3.25% | -76.3K | 2026-06-30 |
| AMERIPRISE FINANCIAL INC | 4.68M | $723.0M | 2.39% | -1.32M | 2026-06-30 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 4.44M | $687.0M | 2.27% | +383.7K | 2026-06-30 |
| NORGES BANK | 4.17M | $645.0M | 2.13% | -106.5K | 2026-06-30 |
| WELLINGTON MANAGEMENT GROUP LLP | 3.86M | $597.0M | 1.97% | -810.7K | 2026-06-30 |