Cloudflare, Inc. (NET) stock

NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 9/30294% above fair value

$305.81−12.69 (-3.98%)

Close on Nov 13, 2026Market cap $108.89BP/E –Yield –

Cloudflare price to book ratio

The price-to-book ratio is market cap divided by shareholders' equity.

Cloudflare's price to book ratio was 68.4× on Nov 11, 2026, against 51.5× a year earlier. Over the last 5 years it ranged from 24.6× to 75.4×, with a median of 37.6×.

Price to Book Ratio at the end of each year

Period	Period end	Value	Change (pts)
2026	Nov 11, 2026	68.4×	+17.7
2025	Dec 31, 2025	50.7×	+13.2
2024	Dec 31, 2024	37.6×	−1.9
2023	Dec 29, 2023	39.5×	+14.8
2022	Dec 30, 2022	24.7×	−22.8
2021	Dec 31, 2021	47.5×	+45.2
2020	Jan 31, 2020	2.3×	+0.1
2019	Dec 31, 2019	2.2×	–