NetApp (MEX:NTAP) Shares Buyback Ratio %: 2.49 (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:NTAP NetApp Inc MEX:NTAP
58 GF Score
Price MXN3,381.66
GF Value MXN1,894.65
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is NetApp Shares Buyback Ratio %?

NetApp MEX:NTAP 58 Shares Buyback Ratio % is 2.49 as of Aug. 24, 2026. GuruFocus rates MEX:NTAP with a GF Score™ of 58/100 and a GF Value™ of MXN1,894.65 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

GuruFocus calculates shares buyback ratio using previous shares outstanding minus the current shares outstanding, and then divides by previous shares outstanding. NetApp's current shares buyback ratio was 2.49%.

NetApp Shares Buyback Ratio % Related Terms

NetApp Shares Buyback Ratio % Historical Data

* Premium members only.

The historical data trend for NetApp's Shares Buyback Ratio % 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.

NetApp Shares Buyback Ratio % Chart

NetApp Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Shares Buyback Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 3.64 2.65 2.61 2.49

NetApp Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Shares Buyback Ratio % 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 1.13 0.50 1.00 0.00 1.01
MEX:NTAP
58GF Score
NetApp Inc MEX:NTAP
Shares Buyback Ratio % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NetApp Shares Buyback Ratio % Calculation

NetApp's Shares Buyback Ratio for the fiscal year that ended in Apr. 2026 is calculated as

Shares Buyback Ratio=(Shares Outstanding (EOP) (A: Apr. 2025 ) - Shares Outstanding (EOP) (A: Apr. 2026 )) / Shares Outstanding (EOP) (A: Apr. 2025 )
=(201.000 - 196.000) / 201.000
=2.49%

NetApp's Shares Buyback Ratio for the quarter that ended in Apr. 2026 is calculated as

Shares Buyback Ratio=(Shares Outstanding (EOP) (A: Jan. 2026 ) - Shares Outstanding (EOP) (A: Apr. 2026 )) / Shares Outstanding (EOP) (A: Jan. 2026 )
=(198.000 - 196.000) / 198.000
=1.01%

* 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.

Frequently Asked Questions Learn more about Shares Buyback Ratio % →
What does a Shares Buyback Ratio % of 2.49 mean?
NetApp (MEX:NTAP) has a Shares Buyback Ratio % of 2.49 as of Aug. 24, 2026. Share buyback ratio is the percent change of a company's shares outstanding from two periods. View historical data on NetApp and its competitors.
Is NetApp's Shares Buyback Ratio % too high?
NetApp's current Shares Buyback Ratio % is 2.49. Overall, NetApp has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetApp's Shares Buyback Ratio % compare to TWLO and CRWV?
NetApp's Shares Buyback Ratio % of 2.49 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Buyback Ratio % for a Software company?
A good Shares Buyback Ratio % depends on the Software industry context. However, Shares Buyback Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Buyback Ratio % mean?
A high Shares Buyback Ratio % can signal that a stock is expensive relative to its fundamentals. Share buyback ratio is the percent change of a company's shares outstanding from two periods. View historical data on NetApp and its competitors. NetApp's current Shares Buyback Ratio % is 2.49. 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 (MEX:NTAP) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,894.65, compared to a current price of MXN3,381.66 — trading 78.5% above its estimated fair value. The current Shares Buyback Ratio % is 2.49. NetApp's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Buyback Ratio % calculated?
Shares Buyback Ratio % is calculated from a company's financial statements. For NetApp (MEX:NTAP), the current Shares Buyback Ratio % is 2.49 as of Aug. 24, 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 (MEX:NTAP) Overvalued in 2026?

Based on GuruFocus' analysis, NetApp stock appears to be overvalued. The current stock price of MXN3,381.66 is trading 78.5% above its estimated GF Value™ of MXN1,894.65. GuruFocus considers NetApp to be Significantly Overvalued.

Key valuation signals for MEX:NTAP:

  • Shares Buyback Ratio %: 2.49
  • GF Value™: MXN1,894.65 vs. price of MXN3,381.66 (78.5% above fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the MEX:NTAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NetApp Business Description

Address 3060 Olsen Drive, San Jose, CA, USA, 95128
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.
58GF Score

Get the complete analysis for MEX:NTAP

Shares Buyback Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,381.66
Price
MXN1,894.65
GF Value