Cloudflare price to sales ratio NET

Market value divided by revenue over the last twelve months, since 2020.

Today, Oct 23, 2026: 46.2×
6-year median: 30.6×
Against its 6-year history: 75th; percentile: 0 is its lowest day, 100 its highest
6-year range: 13.9× to 116×
Peer median: 11.4×

Cloudflare's price to sales ratio is 46.2× as of Oct 23, 2026.

That is above its 6-year median of 30.6×, higher than on 75% of days in the last 6 years.

Over that time it ranged from 13.9× in May 2023 to 116× in Nov 2021.

The median for 10 infrastructure software stocks of a similar size is 11.4×.

Price to sales ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	46.2×	27.1×	51.2×
2025	35.2×	20.1×	44.1×
2024	24.1×	16.6×	30.0×
2023	23.1×	13.9×	23.7×
2022	16.6×	15.1×	61.0×
2021	71.9×	47.0×	116×
2020	60.0×	29.9×	67.1×

Against its peers

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

Company	Price to sales ratio
NETCloudflare	46.2×
FTNTFortinet	17.5×
SNPSSynopsys	8.8×
CRWDCrowdStrike	48.9×
XYZBlock	1.8×
PANWPalo Alto Networks	27.1×
ZSZscaler	12.4×
TWLOTwilio	7.2×
OKTAOkta	12.1×
ORCLOracle	5.3×
MDBMongoDB	10.7×
Peer median	11.4×

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

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.