Is NetApp, Inc. (NTAP) Undervalued?
Based on the current stock price of $110.51 and a P/E ratio of 19.25,NetApp, Inc. has a PEG ratio of 2.17.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.17, NTAP appears to be potentially overvalued relative to its growth rate of 8.88%.
Based on a PEG ratio of 1.79 (adjusted for dividends).
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How we analyzed NTAP
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 19.25and dividing it by the annual growth rate of 8.88%.
PEG = 19.25 (P/E) ÷ 8.88 (Growth) = 2.17
Frequently Asked Questions about NTAP
What is the current PEG Ratio for NetApp, Inc. (NTAP)?+
The current PEG Ratio for NetApp, Inc. is 2.17. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is NTAP stock undervalued right now?+
Based on the PEG ratio of 2.17, NetApp, Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for NTAP?+
The PEGY ratio for NetApp, Inc. is 1.79. This metric accounts for dividend yield (1.88%), providing a more complete valuation picture.