Cloudflare, Inc. (NET) Valuation — DCF, Graham & Comparables

Cloudflare, Inc. (NET) — Price $310.19 (intraday price, October 29, 2026) — Technology — Software - Infrastructure — NYSE

Latest reported results:

Valuation dashboard for Cloudflare, Inc. (NET) with P/E N/A, P/B 67.01, EV/EBITDA 3,068.87 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices.

Analysis Summary

Cloudflare, Inc. reported revenue of $2.17B in the most recent fiscal year, growing at a 5-year CAGR of 38.1%.

Trailing-twelve-month margins: gross margin 72.6%, operating margin -14.1%, net margin -8.2%.

At $310.19 (intraday price, October 29, 2026), NET has negative trailing earnings (P/E not meaningful) and an ROE of -13.86%. Market capitalisation stands at $110.5B, placing it among large-cap names.

Balance sheet quality for NET: current ratio of 2.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

Price / Book67.01
EV / EBITDA3,068.87
Dividend Yield0.00%

Valuation Models

DCF Fair Value$6.50
vs Current Price-97.9%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
NETCloudflare, Inc.$110.5B67.01-13.9%
ZSZscaler, Inc.$40.4B15.58-2.8%
FFIVF5, Inc.$20.6B28.965.1519.2%
AKAMAkamai Technologies, Inc.$14.3B35.753.038.5%
NTSKNetskope, Inc. Class A Common Stock$10.7B72.87-435.0%

Price

Price$310.19 (intraday price, October 29, 2026)
Market Cap$110.5B
ExchangeNYSE
CountryUS

Profitability

Return on Equity-13.86%
Return on Invested Capital-6.79%
Return on Assets-3.19%
Gross Margin72.58%
Operating Margin-14.11%
Net Margin-8.21%

Related companies: ZS · FFIV · AKAM · NTSK

Explore sector: Technology · Software - Infrastructure

More sections of NET: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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