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NetAppNTAP -1.14%91 EV-to-EBIT is 17.87 as of Jul. 23, 2026, which is 31% above its 10-year median of 13.61. GuruFocus rates NTAP with a GF Score™ of 91/100 and a GF Value™ of $119.89 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,769 Software companies, NetApp ranks worse than 60.03% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, NetApp's Enterprise Value is $31,405 Mil.
NetApp's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $1,757 Mil. Therefore, NetApp's EV-to-EBIT for today is 17.87.
The historical rank and industry rank for NetApp's EV-to-EBIT or its related term are showing as below:
NTAP'
s EV-to-EBIT Range Over the Past 10 Years
Min: 6.42 Med: 13.61 Max: 20.44
Current: 17.87
During the past 13 years, the highest EV-to-EBIT of NetApp was 20.44. The lowest was 6.42. And the median was 13.61.
NTAP's EV-to-EBIT is ranked worse than 60.03% of 1769
companies
in the Software industry
Industry Median: 14.05
vs NTAP: 17.87
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
NetApp's Enterprise Value for the quarter that ended in Apr. 2026 was $20,860 Mil.
NetApp's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,757 Mil.
* 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.
NetApp EV-to-EBIT Related Terms
NetApp EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for NetApp's EV-to-EBIT 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.
For the Software - Infrastructure subindustry, NetApp's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Software Industry
For the Software industry and Technology sector, NetApp's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where NetApp's EV-to-EBIT falls into.
NetApp's current Enterprise Value is $31,405 Mil.
NetApp's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,757 Mil.
* 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.
NetApp (NTAP) has a EV-to-EBIT of 17.87 as of Jul. 23, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NetApp and its competitors. This is 31% above median its historical median of 13.61. Over the past decade, NetApp's EV-to-EBIT has ranged from 6.42 to 20.44. According to the industry distribution chart, NetApp ranks #1062 out of 1769 companies in the Software industry, placing it in the top 60%.
Is NetApp's EV-to-EBIT too high?
NetApp's current EV-to-EBIT of 17.87 is 31% above median its 10-year median of 13.61. Over the past 10 years, this metric has ranged from a low of 6.42 to a high of 20.44. The Software industry median EV-to-EBIT is 14.05. NetApp's value of 17.87 is 27.2% above this industry median. Based on the distribution chart, NetApp ranks #1062 out of 1769 companies in the Software industry, which is below the industry midpoint. Overall, NetApp has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetApp's EV-to-EBIT compare to TWLO and MDB?
According to the Software industry distribution chart, NetApp ranks #1062 out of 1769 companies for EV-to-EBIT. This places NetApp in the lower half of its industry. The industry median EV-to-EBIT is 14.05. NetApp's value of 17.87 is 27.2% above this benchmark. Historically, NetApp's own EV-to-EBIT has ranged from 6.42 to 20.44 over the past decade. While the company's 10-year median is 13.61 vs. the industry median of 14.05, NetApp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 14.05, based on 1,769 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetApp's current EV-to-EBIT of 17.87 is 27.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NetApp and its competitors. For the Software industry, the median EV-to-EBIT is 14.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetApp's current EV-to-EBIT is 17.87, which is 31% above median its own 10-year median of 13.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetApp stock overvalued right now?
Based on GuruFocus' analysis, NetApp (NTAP) is currently considered Significantly Overvalued. The stock's GF Value™ is $119.89, compared to a current price of $164.64 — trading 37.3% above its estimated fair value. The current EV-to-EBIT is 17.87, which is 31% above median its 10-year median of 13.61 and 27.2% above the Software industry median of 14.05. NetApp's overall GF Score™ is 91/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For NetApp (NTAP), the current EV-to-EBIT is 17.87 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NetApp (NTAP) Overvalued in 2026?
Based on GuruFocus' analysis, NetApp stock appears to be overvalued.
The current stock price of $164.64 is trading 37.3% above its estimated GF Value™ of $119.89.
GuruFocus considers NetApp to be Significantly Overvalued.
Key valuation signals for NTAP:
EV-to-EBIT: 17.87 (31% above median its 10-year median of 13.61)
GF Value™: $119.89 vs. price of $164.64 (37.3% above fair value)
Industry Position: 27.2% above the Software median (#1062 of 1769)
No single metric tells the full story. See the NTAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NetApp Inc is storage hardware provider into a software-driven, cloud-centric data infrastructure company. Its flagship ONTAP data management software, together with a comprehensive portfolio of all-flash, hybrid-flash, and cloud-native solutions, forms the backbone of digital transformation for thousands of enterprises world'wide. Its operations are organized into two segments Hybrid Cloud and Public Cloud. It generates majority of revenue from Hybrid Cloud offers a unified data storage portfolio of storage management and infrastructure solutions that helps customers modernize their data centers. Hybrid Cloud includes software, hardware, and related support, along with professional and other services. It generates majority of revenue from United States followed by International market.
91GF Score
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