Netapp Inc Stock Price To Sales

NTAP Stock

USD 123.45 1.25 1.02%

NetApp Inc fundamentals help investors to digest information that contributes to NetApp's financial success or failures. It also enables traders to predict the movement of NetApp Stock. The fundamental analysis module provides a way to measure NetApp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NetApp stock.

		Last Reported	Projected for Next Year
	Price To Sales Ratio	3.36	2.89

As of 11/21/2024, Price To Sales Ratio is likely to drop to 2.89.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

NetApp Inc Company Price To Sales Analysis

NetApp's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

P/S

MV Per Share

Revenue Per Share

More About Price To Sales | All Equity Analysis

Current NetApp Price To Sales

3.96 X

Most of NetApp's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NetApp Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

NetApp Price To Sales Driver Correlations

Understanding the fundamental principles of building solid financial models for NetApp is extremely important. It helps to project a fair market value of NetApp Stock properly, considering its historical fundamentals such as Price To Sales. Since NetApp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NetApp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NetApp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Good Will	Intangible Assets	Long Term Debt	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Debt Total	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.49	0.85	-0.49	0.27	0.45	0.79	0.47	0.69	0.91	0.43	0.5	0.73	0.32	0.44	0.45	-0.14	-0.04	0.1	0.25	-0.08	0.02	0.02	0.1	0.04
Total Stockholder Equity	0.49		0.0	-0.78	0.64	-0.31	-0.01	0.95	-0.1	0.72	0.72	0.99	0.87	-0.35	0.6	-0.39	0.71	0.59	0.73	-0.47	0.59	-0.05	0.67	0.33	0.58
Current Deferred Revenue	0.85	0.0		-0.09	-0.12	0.65	0.91	-0.01	0.83	0.61	0.02	0.01	0.38	0.57	0.13	0.74	-0.57	-0.43	-0.32	0.55	-0.37	0.09	-0.38	-0.17	-0.31
Net Debt	-0.49	-0.78	-0.09		-0.45	0.26	-0.15	-0.77	0.18	-0.76	-0.59	-0.84	-0.7	0.62	-0.32	0.32	-0.68	-0.56	-0.76	0.54	-0.5	-0.27	-0.64	-0.61	-0.39
Retained Earnings	0.27	0.64	-0.12	-0.45		-0.3	-0.04	0.55	-0.14	0.42	0.63	0.63	0.51	-0.29	0.67	-0.39	0.52	0.86	0.27	-0.26	0.14	0.26	0.32	0.06	0.21
Accounts Payable	0.45	-0.31	0.65	0.26	-0.3		0.76	-0.25	0.86	0.26	-0.14	-0.35	0.02	0.77	-0.27	0.61	-0.78	-0.6	-0.53	0.52	-0.6	-0.33	-0.63	-0.1	-0.35
Net Receivables	0.79	-0.01	0.91	-0.15	-0.04	0.76		0.01	0.8	0.61	0.08	0.0	0.39	0.5	0.04	0.59	-0.54	-0.33	-0.36	0.41	-0.44	0.15	-0.43	-0.1	-0.26
Short Term Investments	0.47	0.95	-0.01	-0.77	0.55	-0.25	0.01		-0.13	0.69	0.73	0.95	0.85	-0.36	0.47	-0.45	0.69	0.49	0.76	-0.51	0.64	-0.09	0.65	0.33	0.67
Total Liab	0.69	-0.1	0.83	0.18	-0.14	0.86	0.8	-0.13		0.46	-0.02	-0.15	0.25	0.86	0.04	0.76	-0.76	-0.53	-0.51	0.62	-0.51	-0.32	-0.58	-0.21	-0.4
Total Current Assets	0.91	0.72	0.61	-0.76	0.42	0.26	0.61	0.69	0.46		0.58	0.74	0.84	0.01	0.43	0.18	0.19	0.22	0.38	-0.05	0.15	0.03	0.28	0.35	0.19
Short Term Debt	0.43	0.72	0.02	-0.59	0.63	-0.14	0.08	0.73	-0.02	0.58		0.72	0.68	-0.23	0.46	-0.52	0.46	0.49	0.51	-0.58	0.48	-0.19	0.43	0.06	0.36
Common Stock	0.5	0.99	0.01	-0.84	0.63	-0.35	0.0	0.95	-0.15	0.74	0.72		0.86	-0.43	0.59	-0.4	0.74	0.61	0.77	-0.49	0.6	0.03	0.71	0.36	0.58
Property Plant Equipment	0.73	0.87	0.38	-0.7	0.51	0.02	0.39	0.85	0.25	0.84	0.68	0.86		-0.07	0.46	-0.15	0.37	0.33	0.44	-0.29	0.39	-0.02	0.31	0.05	0.3
Good Will	0.32	-0.35	0.57	0.62	-0.29	0.77	0.5	-0.36	0.86	0.01	-0.23	-0.43	-0.07		-0.04	0.68	-0.86	-0.67	-0.67	0.71	-0.58	-0.5	-0.68	-0.45	-0.38
Intangible Assets	0.44	0.6	0.13	-0.32	0.67	-0.27	0.04	0.47	0.04	0.43	0.46	0.59	0.46	-0.04		-0.07	0.34	0.5	0.36	0.05	0.07	0.03	0.42	0.12	0.36
Long Term Debt	0.45	-0.39	0.74	0.32	-0.39	0.61	0.59	-0.45	0.76	0.18	-0.52	-0.4	-0.15	0.68	-0.07		-0.74	-0.6	-0.55	0.88	-0.59	0.01	-0.49	-0.08	-0.44
Net Tangible Assets	-0.14	0.71	-0.57	-0.68	0.52	-0.78	-0.54	0.69	-0.76	0.19	0.46	0.74	0.37	-0.86	0.34	-0.74		0.78	0.83	-0.71	0.71	0.24	0.86	0.43	0.65
Capital Surpluse	-0.04	0.59	-0.43	-0.56	0.86	-0.6	-0.33	0.49	-0.53	0.22	0.49	0.61	0.33	-0.67	0.5	-0.6	0.78		0.48	-0.54	0.28	0.41	0.52	0.26	0.33
Deferred Long Term Liab	0.1	0.73	-0.32	-0.76	0.27	-0.53	-0.36	0.76	-0.51	0.38	0.51	0.77	0.44	-0.67	0.36	-0.55	0.83	0.48		-0.63	0.68	-0.09	0.88	0.62	0.67
Long Term Debt Total	0.25	-0.47	0.55	0.54	-0.26	0.52	0.41	-0.51	0.62	-0.05	-0.58	-0.49	-0.29	0.71	0.05	0.88	-0.71	-0.54	-0.63		-0.68	0.0	-0.46	-0.2	-0.4
Short Long Term Debt	-0.08	0.59	-0.37	-0.5	0.14	-0.6	-0.44	0.64	-0.51	0.15	0.48	0.6	0.39	-0.58	0.07	-0.59	0.71	0.28	0.68	-0.68		-0.03	0.65	0.15	0.54
Long Term Investments	0.02	-0.05	0.09	-0.27	0.26	-0.33	0.15	-0.09	-0.32	0.03	-0.19	0.03	-0.02	-0.5	0.03	0.01	0.24	0.41	-0.09	0.0	-0.03		0.04	-0.02	-0.13
Net Invested Capital	0.02	0.67	-0.38	-0.64	0.32	-0.63	-0.43	0.65	-0.58	0.28	0.43	0.71	0.31	-0.68	0.42	-0.49	0.86	0.52	0.88	-0.46	0.65	0.04		0.58	0.72
Net Working Capital	0.1	0.33	-0.17	-0.61	0.06	-0.1	-0.1	0.33	-0.21	0.35	0.06	0.36	0.05	-0.45	0.12	-0.08	0.43	0.26	0.62	-0.2	0.15	-0.02	0.58		0.4
Capital Stock	0.04	0.58	-0.31	-0.39	0.21	-0.35	-0.26	0.67	-0.4	0.19	0.36	0.58	0.3	-0.38	0.36	-0.44	0.65	0.33	0.67	-0.4	0.54	-0.13	0.72	0.4

Click cells to compare fundamentals

NetApp Price To Sales Historical Pattern

Today, most investors in NetApp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NetApp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to sales growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of NetApp price to sales as a starting point in their analysis.

NetApp Price To Sales

Timeline

The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Competition

Predict NetApp

Price To Sales Ratio Over Time

NetApp Price To Sales Ratio

Price To Sales Ratio

2.89

At this time, NetApp's Price To Sales Ratio is relatively stable compared to the past year.

Based on the latest financial disclosure, NetApp Inc has a Price To Sales of 3.9643 times. This is 16.89% lower than that of the Technology Hardware, Storage & Peripherals sector and significantly higher than that of the Information Technology industry. The price to sales for all United States stocks is 65.29% higher than that of the company.

NetApp Price To Sales Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NetApp's direct or indirect competition against its Price To Sales to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NetApp could also be used in its relative valuation, which is a method of valuing NetApp by comparing valuation metrics of similar companies.

NetApp is currently under evaluation in price to sales category among its peers.

NetApp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NetApp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NetApp's managers, analysts, and investors.

Environmental

Governance

Social

NetApp Fundamentals

	Return On Equity	1.2
	Return On Asset	0.0916
	Profit Margin	0.17 %
	Operating Margin	0.19 %
	Current Valuation	24.66 B
	Shares Outstanding	204.78 M
	Shares Owned By Insiders	0.42 %
	Shares Owned By Institutions	93.91 %
	Number Of Shares Shorted	8.89 M
	Price To Earning	17.90 X
	Price To Book	26.94 X
	Price To Sales	3.96 X
	Revenue	6.27 B
	Gross Profit	4.21 B
	EBITDA	1.58 B
	Net Income	986 M
	Cash And Equivalents	3.45 B
	Cash Per Share	15.85 X
	Total Debt	2.65 B
	Debt To Equity	4.51 %
	Current Ratio	1.38 X
	Book Value Per Share	4.53 X
	Cash Flow From Operations	1.69 B
	Short Ratio	7.38 X
	Earnings Per Share	5.11 X
	Price To Earnings To Growth	1.92 X
	Target Price	132.39
	Number Of Employees	11.8 K
	Beta	1.23
	Market Capitalization	25.28 B
	Total Asset	9.89 B
	Retained Earnings	208 M
	Working Capital	791 M
	Current Asset	6.45 B
	Current Liabilities	3.66 B
	Annual Yield	0.02 %
	Five Year Return	2.61 %
	Net Asset	9.89 B
	Last Dividend Paid	2.02

About NetApp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NetApp Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NetApp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NetApp Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.

The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC