Cloudflare, Inc. (NET) P/E Ratio History
Historical price-to-earnings valuation from 2026 to 2026
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NET Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Cloudflare, Inc. (NET) trades at a price-to-earnings ratio of -842.9x, with a stock price of $244.43 and trailing twelve-month earnings per share of $-0.29.
Compared to the Technology sector median P/E of 26.7x, NET trades at a 3253% discount to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
Relative to the broader market, NET trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NET DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NET P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $18B | 36.1 | 14.84 | -7% | |
| $129B | 115.0 | - | -56% | |
| $67B | 37.0 | 1.12Best | +8% | |
| $12B | 12.2Lowest | 1.22 | +29%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Full NET Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See NET's True Return
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Launch CalculatorIs NET Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NET vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonNET — Frequently Asked Questions
Quick answers to the most common questions about buying NET stock.
Is NET stock overvalued or undervalued?
NET current P/E: -842.9x. 5-year average P/E: N/A. Percentile: N/A.
How does NET's valuation compare to peers?
Cloudflare, Inc. P/E of -842.9x compares to sector median of 26.7x. The discount suggests lower growth expectations or higher risk.
What is NET's PEG ratio?
NET PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2026-2026.