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 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
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cloudflare, Inc. (NET) | — | 36.87x | 36.51x | 27.60x | 34.40x |
| Snowflake Inc. (SNOW) | $83.07B | 16.58x | 16.55x | 17.72x | 34.27x |
| Datadog, Inc. (DDOG) | $80.92B | 22.81x | 16.83x | 17.95x | 25.05x |
| Intuit Inc. (INTU) | $80.36B | 3.98x | 8.78x | 10.35x | 11.03x |
| Synopsys, Inc. (SNPS) | $89.09B | 11.24x | 12.41x | 13.17x | 12.30x |
| Monolithic Power Systems, Inc. (MPWR) | $75.27B | 25.15x | 18.61x | 17.11x | 16.77x |
| NXP Semiconductors N.V. (NXPI) | $75.09B | 6.61x | 5.45x | 5.15x | 5.11x |
| Adobe Inc. (ADBE) | $96.15B | 4.01x | 5.83x | 9.55x | 11.20x |
| Fortinet, Inc. (FTNT) | $101.39B | 14.22x | 10.22x | 10.43x | 11.75x |
| Hewlett Packard Enterprise Company (HPE) | $63.89B | 2.19x | 1.42x | 1.21x | 1.16x |
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
| DATE | EV/SALES RATIO |
|---|---|
| 2026-06-09 | 36.87x |
| 2026-06-08 | 38.63x |
| 2026-06-05 | 38.98x |
| 2026-06-04 | 41.79x |
| 2026-06-03 | 41.29x |
| 2026-06-02 | 42.40x |
| 2026-06-01 | 42.12x |
| 2026-05-29 | 37.73x |
| 2026-05-28 | 35.65x |
| 2026-05-27 | 32.79x |
| 2026-05-26 | 34.05x |
| 2026-05-22 | 33.84x |
| 2026-05-21 | 33.31x |
| 2026-05-20 | 32.93x |
| 2026-05-19 | 32.41x |
| 2026-05-18 | 31.66x |
| 2026-05-15 | 31.03x |
| 2026-05-14 | 31.37x |
| 2026-05-13 | 30.28x |
| 2026-05-12 | 29.39x |
| 2026-05-11 | 30.41x |
| 2026-05-08 | 30.81x |
| 2026-05-07 | 42.86x |
| 2026-05-06 | 41.53x |
| 2026-05-05 | 40.86x |
| 2026-05-04 | 37.57x |
| 2026-05-01 | 36.49x |
| 2026-04-30 | 34.47x |
| 2026-04-29 | 35.60x |
| 2026-04-28 | 35.04x |
| 2026-04-27 | 35.66x |
| 2026-04-24 | 34.81x |
| 2026-04-23 | 34.47x |
| 2026-04-22 | 34.88x |
| 2026-04-21 | 34.90x |
| 2026-04-20 | 34.44x |
| 2026-04-17 | 33.82x |
| 2026-04-16 | 33.24x |
| 2026-04-15 | 32.06x |
| 2026-04-14 | 30.20x |
| 2026-04-13 | 31.07x |
| 2026-04-10 | 28.31x |
| 2026-04-09 | 32.54x |
| 2026-04-08 | 35.48x |
| 2026-04-07 | 36.30x |
| 2026-04-06 | 35.57x |
| 2026-04-02 | 35.55x |
| 2026-04-01 | 34.54x |
| 2026-03-31 | 34.69x |
| 2026-03-30 | 32.79x |
| 2026-03-27 | 34.15x |
| 2026-03-26 | 35.30x |
| 2026-03-25 | 36.58x |
| 2026-03-24 | 35.79x |
| 2026-03-23 | 37.00x |
| 2026-03-20 | 36.16x |
| 2026-03-19 | 37.12x |
| 2026-03-18 | 37.79x |
| 2026-03-17 | 35.53x |
| 2026-03-16 | 34.85x |
| 2026-03-13 | 35.68x |
| 2026-03-12 | 35.62x |
| 2026-03-11 | 35.77x |
| 2026-03-10 | 34.87x |
| 2026-03-09 | 33.90x |
| 2026-03-06 | 32.88x |
| 2026-03-05 | 32.42x |
| 2026-03-04 | 31.38x |
| 2026-03-03 | 30.25x |
| 2026-03-02 | 30.59x |
| 2026-02-27 | 29.16x |
| 2026-02-26 | 29.56x |
| 2026-02-25 | 30.43x |
| 2026-02-24 | 29.07x |
| 2026-02-23 | 28.46x |
| 2026-02-20 | 31.34x |
| 2026-02-19 | 33.97x |
| 2026-02-18 | 33.77x |
| 2026-02-17 | 34.15x |
| 2026-02-13 | 34.52x |
| 2026-02-12 | 32.70x |
| 2026-02-11 | 33.42x |
| 2026-02-10 | 31.82x |
| 2026-02-09 | 30.76x |
| 2026-02-06 | 30.67x |
| 2026-02-05 | 28.94x |
| 2026-02-04 | 29.59x |
| 2026-02-03 | 30.18x |
| 2026-02-02 | 32.24x |
| 2026-01-30 | 31.37x |
| 2026-01-29 | 31.89x |
| 2026-01-28 | 32.65x |
| 2026-01-27 | 36.24x |
| 2026-01-26 | 33.41x |
| 2026-01-23 | 30.71x |
| 2026-01-22 | 30.68x |
| 2026-01-21 | 30.12x |
| 2026-01-20 | 31.39x |
| 2026-01-16 | 32.53x |
| 2026-01-15 | 32.53x |
| 2026-01-14 | 33.25x |
| 2026-01-13 | 33.30x |
| 2026-01-12 | 32.91x |
| 2026-01-09 | 32.30x |
| 2026-01-08 | 33.01x |
| 2026-01-07 | 35.70x |
| 2026-01-06 | 34.88x |
| 2026-01-05 | 34.83x |
| 2026-01-02 | 34.55x |
| 2025-12-31 | 34.74x |
| 2025-12-30 | 35.16x |
| 2025-12-29 | 35.34x |
| 2025-12-26 | 35.63x |
| 2025-12-24 | 35.68x |
| 2025-12-23 | 35.58x |
| 2025-12-22 | 35.57x |
| 2025-12-19 | 34.49x |
| 2025-12-18 | 34.18x |
| 2025-12-17 | 33.77x |
| 2025-12-16 | 34.80x |
| 2025-12-15 | 34.66x |
| 2025-12-12 | 35.64x |
| 2025-12-11 | 36.58x |
| 2025-12-10 | 37.51x |
| 2025-12-09 | 36.74x |
| 2025-12-08 | 36.22x |
| 2025-12-05 | 35.39x |
| 2025-12-04 | 35.93x |
| 2025-12-03 | 35.96x |
| 2025-12-02 | 35.44x |
| 2025-12-01 | 34.75x |
| 2025-11-28 | 35.26x |
| 2025-11-26 | 34.71x |
| 2025-11-25 | 34.80x |
| 2025-11-24 | 34.20x |
| 2025-11-21 | 32.91x |
| 2025-11-20 | 33.76x |
| 2025-11-19 | 34.58x |
| 2025-11-18 | 34.63x |
| 2025-11-17 | 35.61x |
| 2025-11-14 | 37.03x |
| 2025-11-13 | 37.53x |
| 2025-11-12 | 39.59x |
| 2025-11-11 | 41.17x |
| 2025-11-10 | 42.12x |
| 2025-11-07 | 40.80x |
| 2025-11-06 | 39.63x |
| 2025-11-05 | 40.07x |
| 2025-11-04 | 40.82x |
| 2025-11-03 | 43.41x |
| 2025-10-31 | 44.29x |
| 2025-10-30 | 39.05x |
| 2025-10-29 | 43.03x |
| 2025-10-28 | 42.40x |
| 2025-10-27 | 42.61x |
| 2025-10-24 | 41.27x |
| 2025-10-23 | 41.14x |
| 2025-10-22 | 39.95x |
| 2025-10-21 | 40.37x |
| 2025-10-20 | 40.38x |
| 2025-10-17 | 39.82x |
| 2025-10-16 | 40.08x |
| 2025-10-15 | 41.18x |
| 2025-10-14 | 41.21x |
| 2025-10-13 | 42.14x |
| 2025-10-10 | 40.52x |
| 2025-10-09 | 41.84x |
| 2025-10-08 | 41.67x |
| 2025-10-07 | 41.18x |
| 2025-10-06 | 41.86x |
| 2025-10-03 | 41.05x |
| 2025-10-02 | 42.51x |
| 2025-10-01 | 41.12x |
| 2025-09-30 | 40.67x |
| 2025-09-29 | 41.40x |
| 2025-09-26 | 40.99x |
| 2025-09-25 | 41.33x |
| 2025-09-24 | 41.22x |
| 2025-09-23 | 42.27x |
| 2025-09-22 | 43.19x |
| 2025-09-19 | 42.76x |
| 2025-09-18 | 42.33x |
| 2025-09-17 | 40.54x |
| 2025-09-16 | 41.53x |
| 2025-09-15 | 42.78x |
| 2025-09-12 | 41.91x |
| 2025-09-11 | 42.52x |
| 2025-09-10 | 42.21x |
| 2025-09-09 | 41.40x |
| 2025-09-08 | 41.28x |
| 2025-09-05 | 40.64x |
| 2025-09-04 | 39.82x |
| 2025-09-03 | 39.03x |
| 2025-09-02 | 39.46x |
| 2025-08-29 | 39.58x |
| 2025-08-28 | 40.45x |
| 2025-08-27 | 38.94x |
| 2025-08-26 | 37.70x |
| 2025-08-25 | 37.21x |
| 2025-08-22 | 37.26x |
| 2025-08-21 | 36.64x |
| 2025-08-20 | 36.72x |
| 2025-08-19 | 37.33x |
| 2025-08-18 | 38.41x |
| 2025-08-15 | 38.14x |
| 2025-08-14 | 37.12x |
| 2025-08-13 | 37.85x |
| 2025-08-12 | 38.40x |
| 2025-08-11 | 38.19x |
| 2025-08-08 | 38.82x |
| 2025-08-07 | 39.90x |
| 2025-08-06 | 40.84x |
| 2025-08-05 | 39.41x |
| 2025-08-04 | 39.60x |
| 2025-08-01 | 37.99x |
| 2025-07-31 | 39.39x |
| 2025-07-30 | 39.95x |
| 2025-07-29 | 39.67x |
| 2025-07-28 | 39.67x |
| 2025-07-25 | 39.47x |
| 2025-07-24 | 38.14x |
| 2025-07-23 | 37.66x |
| 2025-07-22 | 37.93x |
| 2025-07-21 | 39.34x |
| 2025-07-18 | 39.26x |
| 2025-07-17 | 38.07x |
| 2025-07-16 | 37.79x |
| 2025-07-15 | 37.24x |
| 2025-07-14 | 36.44x |
| 2025-07-11 | 36.15x |
| 2025-07-10 | 36.25x |
| 2025-07-09 | 38.51x |
| 2025-07-08 | 38.38x |
| 2025-07-07 | 38.38x |
| 2025-07-03 | 38.08x |
| 2025-07-02 | 36.98x |
| 2025-07-01 | 36.84x |
| 2025-06-30 | 38.97x |
| 2025-06-27 | 38.62x |
| 2025-06-26 | 38.01x |
| 2025-06-25 | 37.85x |
| 2025-06-24 | 37.13x |
| 2025-06-23 | 36.63x |
| 2025-06-20 | 35.74x |
| 2025-06-18 | 36.15x |
| 2025-06-17 | 36.11x |
| 2025-06-16 | 35.73x |
| 2025-06-13 | 34.31x |
| 2025-06-12 | 34.08x |
| 2025-06-11 | 35.82x |
| 2025-06-10 | 35.75x |
| 2025-06-09 | 35.44x |
| 2025-06-06 | 35.81x |
| 2025-06-05 | 35.16x |
| 2025-06-04 | 34.10x |
| 2025-06-03 | 34.42x |
| 2025-06-02 | 33.86x |
| 2025-05-30 | 33.12x |
| 2025-05-29 | 32.78x |
| 2025-05-28 | 32.35x |
Showing the most recent 260 of 1,693 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Matthew Prince