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NETCloudflare, Inc.

The forward PE ratio is 228.32 as of Thursday, July 9, 2026.

Forward PE Ratio (228.32) = Close Price ($275.58) / Consensus Forward EPS ($1.20)

NET Forward PE Ratio Metrics

FORWARD PE RATIO

228.32

NET Competitors' Forward PE Ratio

NET

Cloudflare, Inc.

Current

Market Cap

$97.81B

Forward PE Ratio

228.32

DDOG

Datadog, Inc.

vs NET

Market Cap

$95.75B

Forward PE Ratio

N/A

SNOW

Snowflake Inc.

vs NET

Market Cap

$92.71B

Forward PE Ratio

215.57

CDNS

Cadence Design Systems, Inc.

vs NET

Market Cap

$106.45B

Forward PE Ratio

47.11

ADBE

Adobe Inc.

vs NET

Market Cap

$88.50B

Forward PE Ratio

9.06

ACN

Accenture plc

vs NET

Market Cap

$85.10B

Forward PE Ratio

9.90

SNPS

Synopsys, Inc.

vs NET

Market Cap

$84.90B

Forward PE Ratio

29.39

NOW

ServiceNow, Inc.

vs NET

Market Cap

$112.25B

Forward PE Ratio

25.95

FTNT

Fortinet, Inc.

vs NET

Market Cap

$119.96B

Forward PE Ratio

49.75

INTU

Intuit Inc.

vs NET

Market Cap

$74.78B

Forward PE Ratio

11.42

Trailing vs Forward

Trailing P/E

N/A

reported TTM EPS

Forward P/E

228.3

consensus next-FY EPS

Forward P/E by Fiscal Year

View All Analyst Estimates

At today's $275.58 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.

Fiscal year endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-12-31$1.20$1.19 – $1.2318230.1x
2027-12-31$1.58$1.37 – $1.8818174.1x
2028-12-31$2.16$-6.56 – $8.564127.5x

Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.

Forward PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Forward PE Ratio FAQ

What is the forward PE ratio for Cloudflare, Inc. (NET)?
The forward PE ratio for NET stock is 228.32.

About Cloudflare, Inc.

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. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.

San Francisco, CA
4,400 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Matthew Prince