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Cloudflare, Inc. (NET) EV/Sales Ratio: 36.87x

Is Cloudflare, Inc.’s ev/sales ratio high or low?

Cloudflare, Inc.'s ev/sales ratio of 36.87x is in line with its 5-year average of 34.40x, near the low end of its 5-year range (13.96x–117.21x).

The ev/sales ratio for Cloudflare, Inc. (NET) is 36.87x as of Wednesday, June 10, 2026. It is above its 12-month average by 0.98% (36.51x).

NET EV/Sales Ratio Chart

NET EV/Sales Ratio
36.87x+4.03% 1Y
Zoom

NET Average EV/Sales Ratio Chart

NET Current vs Average EV/Sales Ratio Chart

NET EV/Sales Ratio Metrics

EV/SALES RATIO

36.87x

EV/SALES RATIO AVG TTM

36.51x

EV/SALES RATIO AVG 3Y

27.60x

EV/SALES RATIO AVG 5Y

34.40x

EV/SALES RATIO AVG 10Y

35.02x

EV/SALES RATIO AVG 15Y

35.02x

EV/SALES RATIO AVG 20Y

35.02x

CURRENT VS TTM AVG

+0.98%

CURRENT VS 3Y AVG

+33.59%

CURRENT VS 5Y AVG

+7.17%

CURRENT VS 10Y AVG

+5.27%

CURRENT VS 15Y AVG

+5.27%

CURRENT VS 20Y AVG

+5.27%

NET Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Cloudflare, Inc. (NET)36.87x36.51x27.60x34.40x
Snowflake Inc. (SNOW)$83.07B16.58x16.55x17.72x34.27x
Datadog, Inc. (DDOG)$80.92B22.81x16.83x17.95x25.05x
Intuit Inc. (INTU)$80.36B3.98x8.78x10.35x11.03x
Synopsys, Inc. (SNPS)$89.09B11.24x12.41x13.17x12.30x
Monolithic Power Systems, Inc. (MPWR)$75.27B25.15x18.61x17.11x16.77x
NXP Semiconductors N.V. (NXPI)$75.09B6.61x5.45x5.15x5.11x
Adobe Inc. (ADBE)$96.15B4.01x5.83x9.55x11.20x
Fortinet, Inc. (FTNT)$101.39B14.22x10.22x10.43x11.75x
Hewlett Packard Enterprise Company (HPE)$63.89B2.19x1.42x1.21x1.16x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

Cloudflare, Inc. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Cloudflare, Inc. EV/Sales Ratio FAQ

What is the ev/sales ratio for Cloudflare, Inc. (NET)?
The ev/sales ratio for NET stock is 36.87x.
Is Cloudflare, Inc.'s ev/sales ratio high or low?
Cloudflare, Inc.'s ev/sales ratio of 36.87x is in line with its 5-year average of 34.40x, near the low end of its 5-year range (13.96x–117.21x).
What is the TTM average ev/sales ratio for Cloudflare, Inc. (NET)?
The TTM average ev/sales ratio for NET stock is 36.51x.
What is the 3Y average ev/sales ratio for Cloudflare, Inc. (NET)?
The 3Y average ev/sales ratio for NET stock is 27.60x.
What is the 5Y average ev/sales ratio for Cloudflare, Inc. (NET)?
The 5Y average ev/sales ratio for NET stock is 34.40x.
What is the 10Y average ev/sales ratio for Cloudflare, Inc. (NET)?
The 10Y average ev/sales ratio for NET stock is 35.02x.
What is the 15Y average ev/sales ratio for Cloudflare, Inc. (NET)?
The 15Y average ev/sales ratio for NET stock is 35.02x.
What is the 20Y average ev/sales ratio for Cloudflare, Inc. (NET)?
The 20Y average ev/sales ratio for NET stock is 35.02x.

Cloudflare, Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-0936.87x
2026-06-0838.63x
2026-06-0538.98x
2026-06-0441.79x
2026-06-0341.29x
2026-06-0242.40x
2026-06-0142.12x
2026-05-2937.73x
2026-05-2835.65x
2026-05-2732.79x
2026-05-2634.05x
2026-05-2233.84x
2026-05-2133.31x
2026-05-2032.93x
2026-05-1932.41x
2026-05-1831.66x
2026-05-1531.03x
2026-05-1431.37x
2026-05-1330.28x
2026-05-1229.39x
2026-05-1130.41x
2026-05-0830.81x
2026-05-0742.86x
2026-05-0641.53x
2026-05-0540.86x
2026-05-0437.57x
2026-05-0136.49x
2026-04-3034.47x
2026-04-2935.60x
2026-04-2835.04x
2026-04-2735.66x
2026-04-2434.81x
2026-04-2334.47x
2026-04-2234.88x
2026-04-2134.90x
2026-04-2034.44x
2026-04-1733.82x
2026-04-1633.24x
2026-04-1532.06x
2026-04-1430.20x
2026-04-1331.07x
2026-04-1028.31x
2026-04-0932.54x
2026-04-0835.48x
2026-04-0736.30x
2026-04-0635.57x
2026-04-0235.55x
2026-04-0134.54x
2026-03-3134.69x
2026-03-3032.79x
2026-03-2734.15x
2026-03-2635.30x
2026-03-2536.58x
2026-03-2435.79x
2026-03-2337.00x
2026-03-2036.16x
2026-03-1937.12x
2026-03-1837.79x
2026-03-1735.53x
2026-03-1634.85x
2026-03-1335.68x
2026-03-1235.62x
2026-03-1135.77x
2026-03-1034.87x
2026-03-0933.90x
2026-03-0632.88x
2026-03-0532.42x
2026-03-0431.38x
2026-03-0330.25x
2026-03-0230.59x
2026-02-2729.16x
2026-02-2629.56x
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2026-02-2429.07x
2026-02-2328.46x
2026-02-2031.34x
2026-02-1933.97x
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2026-02-1734.15x
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2026-02-1232.70x
2026-02-1133.42x
2026-02-1031.82x
2026-02-0930.76x
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2026-01-2230.68x
2026-01-2130.12x
2026-01-2031.39x
2026-01-1632.53x
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2026-01-1433.25x
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2026-01-1232.91x
2026-01-0932.30x
2026-01-0833.01x
2026-01-0735.70x
2026-01-0634.88x
2026-01-0534.83x
2026-01-0234.55x
2025-12-3134.74x
2025-12-3035.16x
2025-12-2935.34x
2025-12-2635.63x
2025-12-2435.68x
2025-12-2335.58x
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2025-12-1934.49x
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2025-12-1733.77x
2025-12-1634.80x
2025-12-1534.66x
2025-12-1235.64x
2025-12-1136.58x
2025-12-1037.51x
2025-12-0936.74x
2025-12-0836.22x
2025-12-0535.39x
2025-12-0435.93x
2025-12-0335.96x
2025-12-0235.44x
2025-12-0134.75x
2025-11-2835.26x
2025-11-2634.71x
2025-11-2534.80x
2025-11-2434.20x
2025-11-2132.91x
2025-11-2033.76x
2025-11-1934.58x
2025-11-1834.63x
2025-11-1735.61x
2025-11-1437.03x
2025-11-1337.53x
2025-11-1239.59x
2025-11-1141.17x
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2025-11-0740.80x
2025-11-0639.63x
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2025-10-3144.29x
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2025-10-0641.86x
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2025-07-2438.14x
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2025-07-2139.34x
2025-07-1839.26x
2025-07-1738.07x
2025-07-1637.79x
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2025-07-1436.44x
2025-07-1136.15x
2025-07-1036.25x
2025-07-0938.51x
2025-07-0838.38x
2025-07-0738.38x
2025-07-0338.08x
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2025-06-0334.42x
2025-06-0233.86x
2025-05-3033.12x
2025-05-2932.78x
2025-05-2832.35x

Showing the most recent 260 of 1,693 data points. The chart above shows the full history.