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NTAP (NetApp) E10 : $3.79 (As of Jan. 2025)


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What is NetApp E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

NetApp's adjusted earnings per share data for the three months ended in Jan. 2025 was $1.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.79 for the trailing ten years ended in Jan. 2025.

During the past 12 months, NetApp's average E10 Growth Rate was 11.50% per year. During the past 3 years, the average E10 Growth Rate was 16.30% per year. During the past 5 years, the average E10 Growth Rate was 14.80% per year. During the past 10 years, the average E10 Growth Rate was 12.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of NetApp was 22.90% per year. The lowest was 2.30% per year. And the median was 15.30% per year.

As of today (2025-03-14), NetApp's current stock price is $92.01. NetApp's E10 for the quarter that ended in Jan. 2025 was $3.79. NetApp's Shiller PE Ratio of today is 24.28.

During the past 13 years, the highest Shiller PE Ratio of NetApp was 61.26. The lowest was 17.07. And the median was 29.07.


NetApp E10 Historical Data

The historical data trend for NetApp's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NetApp E10 Chart

NetApp Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.04 2.24 2.65 3.19 3.52

NetApp Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.40 3.52 3.61 3.70 3.79

Competitive Comparison of NetApp's E10

For the Computer Hardware subindustry, NetApp's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NetApp's Shiller PE Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NetApp's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where NetApp's Shiller PE Ratio falls into.



NetApp E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, NetApp's adjusted earnings per share data for the three months ended in Jan. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=1.44/134.0288*134.0288
=1.440

Current CPI (Jan. 2025) = 134.0288.

NetApp Quarterly Data

per share eps CPI Adj_EPS
201504 0.430 99.824 0.577
201507 -0.100 100.691 -0.133
201510 0.390 100.346 0.521
201601 0.520 99.957 0.697
201604 -0.030 100.947 -0.040
201607 0.230 101.524 0.304
201610 0.380 101.988 0.499
201701 0.520 102.456 0.680
201704 0.680 103.167 0.883
201707 0.470 103.278 0.610
201710 0.630 104.070 0.811
201801 -1.790 104.578 -2.294
201804 0.990 105.708 1.255
201807 1.050 106.324 1.324
201810 0.910 106.695 1.143
201901 0.980 106.200 1.237
201904 1.590 107.818 1.977
201907 0.420 108.250 0.520
201910 1.030 108.577 1.271
202001 1.210 108.841 1.490
202004 0.880 108.173 1.090
202007 0.350 109.318 0.429
202010 0.610 109.861 0.744
202101 0.800 110.364 0.972
202104 1.460 112.673 1.737
202107 0.880 115.183 1.024
202110 0.980 116.696 1.126
202201 1.100 118.619 1.243
202204 1.140 121.978 1.253
202207 0.960 125.002 1.029
202210 3.410 125.734 3.635
202301 0.300 126.223 0.319
202304 1.130 127.992 1.183
202307 0.690 128.974 0.717
202310 1.100 129.810 1.136
202401 1.480 130.124 1.524
202404 1.370 132.289 1.388
202407 1.170 132.708 1.182
202410 1.420 133.182 1.429
202501 1.440 134.029 1.440

Add all the adjusted EPS together and divide 10 will get our e10.


NetApp  (NAS:NTAP) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

NetApp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=92.01/3.79
=24.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of NetApp was 61.26. The lowest was 17.07. And the median was 29.07.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


NetApp E10 Related Terms

Thank you for viewing the detailed overview of NetApp's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


NetApp Business Description

Traded in Other Exchanges
Address
3060 Olsen Drive, San Jose, CA, USA, 95128
NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.
Executives
Elizabeth M O'callahan officer: EVP, GC and Secretary NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Michael J Berry officer: EVP Finance & Operations, CFO C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
George Kurian director, officer: Chief Executive Officer C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Cesar Cernuda officer: President 1395 CROSSMAN AVENUE, SUNNYVALE CA 94089
Thomas Michael Nevens director C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014
George T Shaheen director
Gerald Held director
Robert Parks officer: Chief Accounting Officer C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560
Carrie Palin director 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202
Deepak Ahuja director C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kathryn Hill director 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Scott F. Schenkel director C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
Deborah Kerr director 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Harvinder S Bhela officer: EVP, Chief Product Officer NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Matthew K Fawcett officer: Senior VP, General Counsel 495 EAST JAVA DRIVE, SUNNYVALE CA 94089