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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
2026-02-2530.43x
2026-02-2429.07x
2026-02-2328.46x
2026-02-2031.34x
2026-02-1933.97x
2026-02-1833.77x
2026-02-1734.15x
2026-02-1334.52x
2026-02-1232.70x
2026-02-1133.42x
2026-02-1031.82x
2026-02-0930.76x
2026-02-0630.67x
2026-02-0528.94x
2026-02-0429.59x
2026-02-0330.18x
2026-02-0232.24x
2026-01-3031.37x
2026-01-2931.89x
2026-01-2832.65x
2026-01-2736.24x
2026-01-2633.41x
2026-01-2330.71x
2026-01-2230.68x
2026-01-2130.12x
2026-01-2031.39x
2026-01-1632.53x
2026-01-1532.53x
2026-01-1433.25x
2026-01-1333.30x
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
2025-12-2235.57x
2025-12-1934.49x
2025-12-1834.18x
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
2025-11-1042.12x
2025-11-0740.80x
2025-11-0639.63x
2025-11-0540.07x
2025-11-0440.82x
2025-11-0343.41x
2025-10-3144.29x
2025-10-3039.05x
2025-10-2943.03x
2025-10-2842.40x
2025-10-2742.61x
2025-10-2441.27x
2025-10-2341.14x
2025-10-2239.95x
2025-10-2140.37x
2025-10-2040.38x
2025-10-1739.82x
2025-10-1640.08x
2025-10-1541.18x
2025-10-1441.21x
2025-10-1342.14x
2025-10-1040.52x
2025-10-0941.84x
2025-10-0841.67x
2025-10-0741.18x
2025-10-0641.86x
2025-10-0341.05x
2025-10-0242.51x
2025-10-0141.12x
2025-09-3040.67x
2025-09-2941.40x
2025-09-2640.99x
2025-09-2541.33x
2025-09-2441.22x
2025-09-2342.27x
2025-09-2243.19x
2025-09-1942.76x
2025-09-1842.33x
2025-09-1740.54x
2025-09-1641.53x
2025-09-1542.78x
2025-09-1241.91x
2025-09-1142.52x
2025-09-1042.21x
2025-09-0941.40x
2025-09-0841.28x
2025-09-0540.64x
2025-09-0439.82x
2025-09-0339.03x
2025-09-0239.46x
2025-08-2939.58x
2025-08-2840.45x
2025-08-2738.94x
2025-08-2637.70x
2025-08-2537.21x
2025-08-2237.26x
2025-08-2136.64x
2025-08-2036.72x
2025-08-1937.33x
2025-08-1838.41x
2025-08-1538.14x
2025-08-1437.12x
2025-08-1337.85x
2025-08-1238.40x
2025-08-1138.19x
2025-08-0838.82x
2025-08-0739.90x
2025-08-0640.84x
2025-08-0539.41x
2025-08-0439.60x
2025-08-0137.99x
2025-07-3139.39x
2025-07-3039.95x
2025-07-2939.67x
2025-07-2839.67x
2025-07-2539.47x
2025-07-2438.14x
2025-07-2337.66x
2025-07-2237.93x
2025-07-2139.34x
2025-07-1839.26x
2025-07-1738.07x
2025-07-1637.79x
2025-07-1537.24x
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
2025-07-0236.98x
2025-07-0136.84x
2025-06-3038.97x
2025-06-2738.62x
2025-06-2638.01x
2025-06-2537.85x
2025-06-2437.13x
2025-06-2336.63x
2025-06-2035.74x
2025-06-1836.15x
2025-06-1736.11x
2025-06-1635.73x
2025-06-1334.31x
2025-06-1234.08x
2025-06-1135.82x
2025-06-1035.75x
2025-06-0935.44x
2025-06-0635.81x
2025-06-0535.16x
2025-06-0434.10x
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.

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