Cloudflare forward PE NET

Share price divided by analysts' consensus earnings for the next twelve months, since 2022.

Today, Oct 23, 2026: 220×
4-year median: 161×
Against its 4-year history: 90th; percentile: 0 is its lowest day, 100 its highest
4-year range: 102× to 499×
Peer median: 51.6×

Cloudflare's forward PE is 220× as of Oct 23, 2026.

That is above its 4-year median of 161×, higher than on 90% of days in the last 4 years.

Over that time it ranged from 102× in May 2024 to 499× in Aug 2022.

The median for 10 infrastructure software stocks of a similar size is 51.6×.

Forward PE over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	220×	137×	245×
2025	182×	114×	228×
2024	146×	102×	171×
2023	145×	103×	235×
2022	179×	162×	499×

Against its peers

Companies in Software - Infrastructure nearest Cloudflare's size, closest first, today.

Company	Forward PE
NETCloudflare	220×
FTNTFortinet	51.1×
SNPSSynopsys	24.5×
CRWDCrowdStrike	182×
XYZBlock	16.7×
PANWPalo Alto Networks	90.9×
ZSZscaler	52.3×
TWLOTwilio	42.3×
OKTAOkta	52.2×
ORCLOracle	14.8×
MDBMongoDB	53.0×
Peer median	51.6×

Where Cloudflare ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Cloudflare

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.