NetAppFRA:NTA +1.67%91 EV-to-FCF is 17.33 as of Jul. 09, 2026, which is 27% above its 10-year median of 13.62. GuruFocus rates FRA:NTA with a GF Score™ of 91/100 and a GF Value™ of €103.14 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,589 Software companies, NetApp ranks worse than 55.13% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NetApp's Enterprise Value is €27,708 Mil.
NetApp's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was €1,598 Mil. Therefore, NetApp's EV-to-FCF for today is 17.33.
The historical rank and industry rank for NetApp's EV-to-FCF or its related term are showing as below:
FRA:NTA'
s EV-to-FCF Range Over the Past 10 Years
Min: 5.16 Med: 13.62 Max: 20.46
Current: 16.88
During the past 13 years, the highest EV-to-FCF of NetApp was 20.46. The lowest was 5.16. And the median was 13.62.
FRA:NTA's EV-to-FCF is ranked worse than 55.13% of 1589
companies
in the Software industry
Industry Median: 14.67
vs FRA:NTA: 16.88
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-09), NetApp's stock price is €142.78.
NetApp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was €5.440. Therefore, NetApp's PE Ratio (TTM) for today is 26.25.
NetApp (FRA:NTA) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NetApp's share price for today is €142.78.
NetApp's Earnings per Share (Diluted) 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 €5.440.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
NetApp EV-to-FCF Related Terms
NetApp EV-to-FCF Historical Data
* Premium members only.
The historical data trend for NetApp's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Software Industry
For the Software industry and Technology sector, NetApp's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NetApp's EV-to-FCF falls into.
NetApp's current Enterprise Value is €27,708 Mil.
NetApp's Free Cash Flow 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 €1,598 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 (FRA:NTA) has a EV-to-FCF of 17.33 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NetApp and its competitors. This is 27% above median its historical median of 13.62. Over the past decade, NetApp's EV-to-FCF has ranged from 5.16 to 20.46. According to the industry distribution chart, NetApp ranks #876 out of 1589 companies in the Software industry, placing it in the top 55.1%.
Is NetApp's EV-to-FCF too high?
NetApp's current EV-to-FCF of 17.33 is 27% above median its 10-year median of 13.62. Over the past 10 years, this metric has ranged from a low of 5.16 to a high of 20.46. The Software industry median EV-to-FCF is 14.67. NetApp's value of 17.33 is 18.1% above this industry median. Based on the distribution chart, NetApp ranks #876 out of 1589 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-FCF compare to TWLO and MDB?
According to the Software industry distribution chart, NetApp ranks #876 out of 1589 companies for EV-to-FCF. This places NetApp in the lower half of its industry. The industry median EV-to-FCF is 14.67. NetApp's value of 17.33 is 18.1% above this benchmark. Historically, NetApp's own EV-to-FCF has ranged from 5.16 to 20.46 over the past decade. While the company's 10-year median is 13.62 vs. the industry median of 14.67, 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-FCF for a Software company?
The median EV-to-FCF among Software companies is 14.67, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetApp's current EV-to-FCF of 17.33 is 18.1% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NetApp and its competitors. For the Software industry, the median EV-to-FCF is 14.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetApp's current EV-to-FCF is 17.33, which is 27% above median its own 10-year median of 13.62. 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 (FRA:NTA) is currently considered Significantly Overvalued. The stock's GF Value™ is €103.14, compared to a current price of €142.78 — trading 38.4% above its estimated fair value. The current EV-to-FCF is 17.33, which is 27% above median its 10-year median of 13.62 and 18.1% above the Software industry median of 14.67. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For NetApp (FRA:NTA), the current EV-to-FCF is 17.33 as of Jul. 09, 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 (FRA:NTA) Overvalued in 2026?
Based on GuruFocus' analysis, NetApp stock appears to be overvalued.
The current stock price of €142.78 is trading 38.4% above its estimated GF Value™ of €103.14.
GuruFocus considers NetApp to be Significantly Overvalued.
Key valuation signals for FRA:NTA:
EV-to-FCF: 17.33 (27% above median its 10-year median of 13.62)
GF Value™: €103.14 vs. price of €142.78 (38.4% above fair value)
Industry Position: 18.1% above the Software median (#876 of 1589)
No single metric tells the full story. See the FRA:NTA 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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