NETCloudflare, Inc.

$284.11

Is the price fair?

What NET's price assumes

Today's price asks for 39% free cash flow growth a year; over the last three years Cloudflare, Inc. delivered 61%, less than the record.

31.3

Price / sales · no P/E: the last twelve months did not end in a profit

Free cash flow yield
0.44%

Free cash flow yield · Software - Infrastructure median 5.3%

Growth the price implies
+39%

Growth the price implies · The price pays for +39% free cash flow growth a year for a decade; the business has delivered +61% a year over the last three.

Price / book
47.7

Price / book · as of 2026-Q1

Details
Price / book2026-Q1
47.7
EV / EBIToperating margin −14%: the multiple describes the denominator
not meaningful
Free cash flow, trailing twelve months
$348M
Market capitalisation
$79.5B
3-year revenue growth
+31%
3-year free cash flow growth
+61%

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.