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Cloudflare, Inc. (NET) EV/EBITDA Ratio: 622.59x

Is Cloudflare, Inc.’s EV/EBITDA ratio high or low?

Cloudflare, Inc.'s EV/EBITDA ratio of 622.59x is 28% below its 5-year average of 868.35x, near the low end of its 5-year range (496.41x–1511.27x).

The EV/EBITDA ratio for Cloudflare, Inc. (NET) is 622.59x as of Wednesday, June 10, 2026. It is below its 12-month average by 33.53% (936.58x).

NET EV/EBITDA Ratio Chart

NET EV/EBITDA Ratio
622.59x-29.55% 1Y
Zoom

NET Average EV/EBITDA Ratio Chart

NET Current vs Average EV/EBITDA Ratio Chart

NET EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

622.59x

EV/EBITDA RATIO AVG TTM

936.58x

EV/EBITDA RATIO AVG 3Y

868.35x

EV/EBITDA RATIO AVG 5Y

868.35x

EV/EBITDA RATIO AVG 10Y

868.35x

EV/EBITDA RATIO AVG 15Y

868.35x

EV/EBITDA RATIO AVG 20Y

868.35x

CURRENT VS TTM AVG

-33.53%

CURRENT VS 3Y AVG

-28.30%

CURRENT VS 5Y AVG

-28.30%

CURRENT VS 10Y AVG

-28.30%

CURRENT VS 15Y AVG

-28.30%

CURRENT VS 20Y AVG

-28.30%

NET Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Cloudflare, Inc. (NET)622.59x936.58x868.35x868.35x
Snowflake Inc. (SNOW)$83.07BN/AN/AN/AN/A
Datadog, Inc. (DDOG)$80.92B366.53x256.58x623.18x2957.57x
Intuit Inc. (INTU)$80.36B12.35x28.27x35.51x38.04x
Synopsys, Inc. (SNPS)$89.09B36.00x40.78x45.48x44.47x
Monolithic Power Systems, Inc. (MPWR)$75.27B86.30x65.95x61.30x62.48x
NXP Semiconductors N.V. (NXPI)$75.09B18.48x17.15x14.96x14.97x
Adobe Inc. (ADBE)$96.15B9.93x14.14x24.63x28.02x
Fortinet, Inc. (FTNT)$101.39B38.77x27.29x32.23x44.26x
Hewlett Packard Enterprise Company (HPE)$63.89B27.12x16.84x9.92x8.37x

EV/EBITDA vs. its own history

At 622.6, EV/EBITDA is cheaper than usual — richer than 6% of its 2-year range.

2-year low

496.4

median

792.4

2-year high

1511.3

cheaperricher

Understanding EV/EBITDA

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

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Cloudflare, Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Cloudflare, Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The EV/EBITDA ratio for NET stock is 622.59x.
Is Cloudflare, Inc.'s EV/EBITDA ratio high or low?
Cloudflare, Inc.'s EV/EBITDA ratio of 622.59x is 28% below its 5-year average of 868.35x, near the low end of its 5-year range (496.41x–1511.27x).
What is the TTM average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The TTM average EV/EBITDA ratio for NET stock is 936.58x.
What is the 3Y average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The 3Y average EV/EBITDA ratio for NET stock is 868.35x.
What is the 5Y average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The 5Y average EV/EBITDA ratio for NET stock is 868.35x.
What is the 10Y average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The 10Y average EV/EBITDA ratio for NET stock is 868.35x.
What is the 15Y average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The 15Y average EV/EBITDA ratio for NET stock is 868.35x.
What is the 20Y average EV/EBITDA ratio for Cloudflare, Inc. (NET)?
The 20Y average EV/EBITDA ratio for NET stock is 868.35x.

Cloudflare, Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-09622.59x
2026-06-08652.41x
2026-06-05658.34x
2026-06-04705.73x
2026-06-03697.26x
2026-06-02716.01x
2026-06-01711.30x
2026-05-29637.14x
2026-05-28602.08x
2026-05-27553.77x
2026-05-26575.05x
2026-05-22571.54x
2026-05-21562.54x
2026-05-20556.10x
2026-05-19547.40x
2026-05-18534.67x
2026-05-15523.95x
2026-05-14529.70x
2026-05-13511.32x
2026-05-12496.41x
2026-05-11513.62x
2026-05-08520.29x
2026-05-07878.17x
2026-05-06850.96x
2026-05-05837.16x
2026-05-04769.93x
2026-05-01747.80x
2026-04-30706.22x
2026-04-29729.44x
2026-04-28717.93x
2026-04-27730.74x
2026-04-24713.19x
2026-04-23706.32x
2026-04-22714.81x
2026-04-21715.18x
2026-04-20705.69x
2026-04-17693.01x
2026-04-16681.03x
2026-04-15656.97x
2026-04-14618.88x
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2026-04-02728.52x
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2025-12-31797.68x
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Showing the most recent 260 of 465 data points. The chart above shows the full history.

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