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STOCK COMPARISON

NetApp vs Microsoft: Fair Value & Quality

Both stocks run through our valuation models. Here is how NetApp (NTAP) and Microsoft (MSFT) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees NetApp as the less overvalued of the two: NetApp trades at $191 versus a fair value of $128 (-33%), while Microsoft trades at $500 versus $274 (-45%).
NetApp
NTAP · USD · Information Technology
-33%
upside to fair value
overvalued
Price$191
Fair Value$128
Quality81/100
Microsoft
MSFT · USD · Information Technology
-45%
upside to fair value
overvalued
Price$500
Fair Value$274
Quality65/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NetAppMicrosoft
Valuation
26.6×P/E (TTM)22.9×
4.78×P/S (TTM)8.99×
24.49×P/B8.33×
17.8×EV/EBITDA15.6×
1.86×PEG1.19×
1.2%Dividend yield0.9%
$2.08Dividend per share$3.56
Profitability
18%Net margin39%
27%Operating margin46%
107%Return on equity34%
10%Return on assets15%
Growth
13%Revenue growth (YoY)18%
2.9%Avg. growth/yr (3Y)12.4%
3.8%Avg. growth/yr (5Y)14.5%
Balance & size
1.84×Debt / equity0.12×
$33BMarket cap$2.9T
healthyGrowth qualityexpensive

Microsoft leads: 3 to 11 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

NetAppof which business quality 76 · market factors 80 Microsoftof which business quality 65 · market factors 51
ProfitabilityMargins and returns on capital today
75
75
Quality GrowthAre margins and returns improving?
58
53
CashflowEarnings quality: real cash, not paper profit
92
71
Fin. StrengthBalance sheet, leverage, solvency risk
54
79
InvestmentDisciplined investing over empire-building
85
1
Low VolatilityCalm price path (market factor)
34
57
MomentumPrice trend over the last 3–12 months (market factor)
100
46
52W MomentumDistance to the 52-week high (market factor)
100
52
Net IssuanceBuybacks instead of dilution
100
84

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

NetApp

DCF Models$142
Earnings-Based$59.77
Multiples$104
Asset-Based$4.62
Growth DCF$140
Economic Profit$73.97
Growth Earnings$118

24 of 24 models see the stock below the current price.

Microsoft

DCF Models$289
Earnings-Based$189
Dividend Discount$61.93
Multiples$206
Asset-Based$30.98
Growth DCF$201
Economic Profit$184
Growth Earnings$276

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

NetApp
Bear $89.36Fair Value $128Bull $159
$191 = current price (white tick)
Microsoft
Bear $159Fair Value $274Bull $358
$500 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

NetApp · Information Technology

Quality score81 · Top 25%
Fair value upside-33% · above median

Microsoft · Information Technology

Quality score65 · Top 25%
Fair value upside-45% · below median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees NetApp as the less overvalued of the two: NetApp trades at $191 versus a fair value of $128 (-33%), while Microsoft trades at $500 versus $274 (-45%).

NetApp has the higher quality score (81/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.