Cloudflare Inc
NYSE:NET

Watchlist Manager
Cloudflare Inc Logo
Cloudflare Inc
NYSE:NET
Watchlist
Price: 170.81 USD -4.95% Market Closed
Market Cap: 59.2B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one NET stock under the Base Case scenario is 29.44 USD. Compared to the current market price of 170.81 USD, Cloudflare Inc is Overvalued by 83%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NET Relative Value
Base Case
29.44 USD
Overvaluation 83%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

33.4
P/S
P/S
Price to Sales
33.4
vs History
33
vs Industry
4
Median 3Y
20.4
Median 5Y
23.9
Industry
2.4
Forward
27.9
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-126.8
Median 5Y
-152.8
Industry
22.6
Forward
212.6
More Details
130.8
P/OCF
P/OCF
Price to OCF
130.8
vs History
39
vs Industry
5
Median 3Y
107
Median 5Y
110.5
Industry
16.9
More Details
321.5
P/FCFE
P/FCFE
Price to FCFE
321.5
vs History
4
vs Industry
3
Median 3Y
26.4
Median 5Y
33.4
Industry
21.1
More Details
41.5
P/B
P/B
Price to Book Value
41.5
vs History
19
vs Industry
1
Median 3Y
32.5
Median 5Y
32.1
Industry
2.9
More Details
33.1
EV/S
EV/S
Enterprise Value to Sales
33.1
vs History
31
vs Industry
4
Median 3Y
20.2
Median 5Y
23.6
Industry
2.4
Forward
27.7
More Details
43
EV/GP
EV/GP
Enterprise Value to Gross Profit
43
vs History
31
vs Industry
6
Median 3Y
26.3
Median 5Y
30.5
Industry
4.9
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-290
Median 5Y
-397.2
Industry
12.6
Forward
130.7
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-121.3
Median 5Y
-145.6
Industry
16.3
Forward
209.4
More Details
129.4
EV/OCF
EV/OCF
Enterprise Value to OCF
129.4
vs History
39
vs Industry
5
Median 3Y
105.8
Median 5Y
108.9
Industry
15.5
More Details
318
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
318
vs History
9
vs Industry
2
Median 3Y
203.8
Median 5Y
-105.9
Industry
18.6
More Details
34.2
EV/IC
EV/IC
Enterprise Value to IC
34.2
vs History
39
vs Industry
2
Median 3Y
24.7
Median 5Y
28.9
Industry
2.4
More Details

Multiples Across Competitors

NET Competitors Multiples
Cloudflare Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cloudflare Inc
NYSE:NET
59.2B USD 33.4 -724.4 -4 293.2 -381.6
CA
Shopify Inc
NYSE:SHOP
141.7B USD 15.1 88 111 114.2
US
Snowflake Inc.
NYSE:SNOW
70.5B USD 18.4 -50.4 -55.6 -48.2
US
Verisign Inc
NASDAQ:VRSN
26.5B USD 16.8 33.5 25 25.8
US
GoDaddy Inc
NYSE:GDDY
25.3B USD 5.4 33.5 25.5 28.8
ID
DCI Indonesia Tbk PT
IDX:DCII
362.3T IDR 162.4 337.8 281.3 281.3
US
Twilio Inc
NYSE:TWLO
17.7B USD 3.9 -521.4 78.7 3 497.2
US
Okta Inc
NASDAQ:OKTA
17.5B USD 6.5 134.9 124.3 489.1
US
MongoDB Inc
NASDAQ:MDB
17.2B USD 8.2 -199.9 -95.3 -86.3
US
Akamai Technologies Inc
NASDAQ:AKAM
11.5B USD 2.9 25.3 9.3 18.2
US
Switch Inc
F:821
7.7B EUR 13.4 23.7 36.6 115.6
P/S Multiple
Revenue Growth P/S to Growth
US
Cloudflare Inc
NYSE:NET
Average P/S: 26
33.4
27%
1.2
CA
Shopify Inc
NYSE:SHOP
15.1
22%
0.7
US
Snowflake Inc.
NYSE:SNOW
18.4
24%
0.8
US
Verisign Inc
NASDAQ:VRSN
16.8
6%
2.8
US
GoDaddy Inc
NYSE:GDDY
5.4
8%
0.7
ID
DCI Indonesia Tbk PT
IDX:DCII
162.4
N/A N/A
US
Twilio Inc
NYSE:TWLO
3.9
9%
0.4
US
Okta Inc
NASDAQ:OKTA
6.5
11%
0.6
US
MongoDB Inc
NASDAQ:MDB
8.2
16%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
2.9
6%
0.5
US
S
Switch Inc
F:821
13.4
N/A N/A
P/E Multiple
Earnings Growth PEG
US
Cloudflare Inc
NYSE:NET
Average P/E: 96.7
Negative Multiple: -724.4 		N/A N/A
CA
Shopify Inc
NYSE:SHOP
88
15%
5.9
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -50.4 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
33.5
9%
3.7
US
GoDaddy Inc
NYSE:GDDY
33.5
15%
2.2
ID
DCI Indonesia Tbk PT
IDX:DCII
337.8
N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -521.4 N/A N/A
US
Okta Inc
NASDAQ:OKTA
134.9
195%
0.7
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -199.9 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
25.3
30%
0.8
US
S
Switch Inc
F:821
23.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBITDA: 86.5
Negative Multiple: -4 293.2 		N/A N/A
CA
Shopify Inc
NYSE:SHOP
111
45%
2.5
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -55.6 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
25
7%
3.6
US
GoDaddy Inc
NYSE:GDDY
25.5
23%
1.1
ID
DCI Indonesia Tbk PT
IDX:DCII
281.3
N/A N/A
US
Twilio Inc
NYSE:TWLO
78.7
102%
0.8
US
Okta Inc
NASDAQ:OKTA
124.3
247%
0.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -95.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
9.3
14%
0.7
US
S
Switch Inc
F:821
36.6
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBIT: 571.3
Negative Multiple: -381.6 		N/A N/A
CA
Shopify Inc
NYSE:SHOP
114.2
45%
2.5
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -48.2 N/A N/A
US
Verisign Inc
NASDAQ:VRSN
25.8
6%
4.3
US
GoDaddy Inc
NYSE:GDDY
28.8
19%
1.5
ID
DCI Indonesia Tbk PT
IDX:DCII
281.3
N/A N/A
US
Twilio Inc
NYSE:TWLO
3 497.2
N/A N/A
US
Okta Inc
NASDAQ:OKTA
489.1
N/A N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -86.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
18.2
23%
0.8
US
S
Switch Inc
F:821
115.6
N/A N/A

See Also

Summary
NET intrinsic value, competitors valuation, and company profile.
DCF Valuation
NET stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NET stock valuation using valuation multiples.
Wall Street Estimates
NET price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NET stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 261,400+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.