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NetAppMEX:NTAP 67 Shiller PE Ratio is 43.38 as of Sep. 11, 2026, which is 46% above its 10-year median of 29.81. GuruFocus rates MEX:NTAP with a GF Score™ of 67/100 and a GF Value™ of MXN2,316.21 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,019 Software companies, NetApp ranks worse than 65.36% on this metric.
As of today (2026-09-11), NetApp's current share price is MXN3170.00. NetApp's E10 for the quarter that ended in Apr. 2026 was MXN73.07. NetApp's Shiller PE Ratio for today is 43.38.
The historical rank and industry rank for NetApp's Shiller PE Ratio or its related term are showing as below:
MEX:NTAP'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 18.03 Med: 29.81 Max: 61.26
Current: 38.3
During the past years, NetApp's highest Shiller PE Ratio was 61.26. The lowest was 18.03. And the median was 29.81.
MEX:NTAP's Shiller PE Ratio is ranked worse than 65.36% of 1019
companies
in the Software industry
Industry Median: 26.98
vs MEX:NTAP: 38.30
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio 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 Apr. 2026 was MXN35.558. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is MXN73.07 for the trailing ten years ended in Apr. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
NetApp Shiller PE Ratio Related Terms
NetApp Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for NetApp's Shiller PE 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.
MEX:NTAP vs TWLO, MDB, ZS: Shiller PE Ratio Comparison
For the Software - Infrastructure 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 Shiller PE Ratio vs Software Industry
For the Software 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.
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio 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 PE Ratio for today is calculated as
* 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's E10 for the quarter that ended in Apr. 2026 is calculated as:
For example, NetApp's adjusted earnings per share data for the three months ended in Apr. 2026 was:
Add all the adjusted EPS together and divide 10 will get our 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.
NetApp (MEX:NTAP) has a Shiller PE Ratio of 43.38 as of Sep. 11, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NetApp and its competitors. This is 46% above median its historical median of 29.81. Over the past decade, NetApp's Shiller PE Ratio has ranged from 18.03 to 61.26. According to the industry distribution chart, NetApp ranks #666 out of 1019 companies in the Software industry, placing it in the top 65.4%.
Is NetApp's Shiller PE Ratio too high?
NetApp's current Shiller PE Ratio of 43.38 is 46% above median its 10-year median of 29.81. Over the past 10 years, this metric has ranged from a low of 18.03 to a high of 61.26. The Software industry median Shiller PE Ratio is 26.98. NetApp's value of 43.38 is 60.8% above this industry median. Based on the distribution chart, NetApp ranks #666 out of 1019 companies in the Software industry, which is below the industry midpoint. Overall, NetApp has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetApp's Shiller PE Ratio compare to TWLO and MDB?
According to the Software industry distribution chart, NetApp ranks #666 out of 1019 companies for Shiller PE Ratio. This places NetApp in the lower half of its industry. The industry median Shiller PE Ratio is 26.98. NetApp's value of 43.38 is 60.8% above this benchmark. Historically, NetApp's own Shiller PE Ratio has ranged from 18.03 to 61.26 over the past decade. While the company's 10-year median is 29.81 vs. the industry median of 26.98, 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 Shiller PE Ratio for a Software company?
The median Shiller PE Ratio among Software companies is 26.98, based on 1,019 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetApp's current Shiller PE Ratio of 43.38 is 60.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on NetApp and its competitors. For the Software industry, the median Shiller PE Ratio is 26.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetApp's current Shiller PE Ratio is 43.38, which is 46% above median its own 10-year median of 29.81. 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 MXN2,316.21, compared to a current price of MXN3,170.00 — trading 36.9% above its estimated fair value. The current Shiller PE Ratio is 43.38, which is 46% above median its 10-year median of 29.81 and 60.8% above the Software industry median of 26.98. NetApp's overall GF Score™ is 67/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For NetApp (MEX:NTAP), the current Shiller PE Ratio is 43.38 as of Sep. 11, 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 MXN3,170.00 is trading 36.9% above its estimated GF Value™ of MXN2,316.21.
GuruFocus considers NetApp to be Significantly Overvalued.
Key valuation signals for MEX:NTAP:
Shiller PE Ratio: 43.38 (46% above median its 10-year median of 29.81)
GF Value™: MXN2,316.21 vs. price of MXN3,170.00 (36.9% above fair value)
Industry Position: 60.8% above the Software median (#666 of 1019)
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 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.
67GF Score
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