Cloudflare Inc
NYSE:NET

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Cloudflare Inc
NYSE:NET
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Price: 112.69 USD 3.79% Market Closed
Market Cap: 38.7B USD
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Relative Value

The Relative Value of one NET stock under the Base Case scenario is 27.3 USD. Compared to the current market price of 112.69 USD, Cloudflare Inc is Overvalued by 76%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NET Relative Value
Base Case
27.3 USD
Overvaluation 76%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
42
vs Industry
5
Median 3Y
20.4
Median 5Y
22.3
Industry
2.4
Forward
23
vs History
vs Industry
Median 3Y
-126.8
Median 5Y
-126.8
Industry
23.2
Forward
149.7
vs History
44
vs Industry
6
Median 3Y
111.5
Median 5Y
104.7
Industry
17.4
vs History
6
vs Industry
3
Median 3Y
26.4
Median 5Y
29.1
Industry
21.3
vs History
20
vs Industry
2
Median 3Y
33.5
Median 5Y
30.9
Industry
2.9
vs History
42
vs Industry
5
Median 3Y
20.2
Median 5Y
21.4
Industry
2.4
Forward
22.7
vs History
42
vs Industry
7
Median 3Y
26.3
Median 5Y
28
Industry
4.9
vs History
vs Industry
Median 3Y
-290
Median 5Y
-283.3
Industry
12.9
Forward
110.8
vs History
vs Industry
Median 3Y
-121.3
Median 5Y
-121.3
Industry
16.5
Forward
171.5
vs History
44
vs Industry
6
Median 3Y
110
Median 5Y
103.2
Industry
16.3
vs History
17
vs Industry
3
Median 3Y
159.8
Median 5Y
-105.9
Industry
19
vs History
41
vs Industry
3
Median 3Y
25.1
Median 5Y
28.4
Industry
2.5

Multiples Across Competitors

NET Competitors Multiples
Cloudflare Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cloudflare Inc
NYSE:NET
38.7B USD 24.6 -412.1 -1 082.5 -234.1
CA
Shopify Inc
NYSE:SHOP
140.7B USD 17.1 101.7 139.1 144.7
US
Snowflake Inc.
NYSE:SNOW
55.7B USD 16.3 -49.4 -46.6 -40.7
US
GoDaddy Inc
NYSE:GDDY
28.8B USD 6.4 15.6 31.5 36.7
US
Verisign Inc
NASDAQ:VRSN
19.2B USD 12.4 22.3 18.4 19
US
MongoDB Inc
NASDAQ:MDB
18.3B USD 9.5 -91.2 -64.2 -59.6
US
Twilio Inc
NYSE:TWLO
16.8B USD 3.9 -36.3 128.3 -144.6
US
Akamai Technologies Inc
NASDAQ:AKAM
14.4B USD 3.6 27.4 11.2 20.9
US
Okta Inc
NASDAQ:OKTA
14.3B USD 5.6 -365.9 -233.4 -90.3
IL
Wix.Com Ltd
NASDAQ:WIX
12.1B USD 7.1 130.1 111.1 162
US
Switch Inc
F:821
7.7B EUR 12.1 21.3 33.6 106.1
P/S Multiple
Revenue Growth P/S to Growth
US
Cloudflare Inc
NYSE:NET
Average P/S: 10.8
24.6
104%
0.2
CA
Shopify Inc
NYSE:SHOP
17.1
87%
0.2
US
Snowflake Inc.
NYSE:SNOW
16.3
96%
0.2
US
GoDaddy Inc
NYSE:GDDY
6.4
26%
0.2
US
Verisign Inc
NASDAQ:VRSN
12.4
12%
1
US
MongoDB Inc
NASDAQ:MDB
9.5
68%
0.1
US
Twilio Inc
NYSE:TWLO
3.9
26%
0.1
US
Akamai Technologies Inc
NASDAQ:AKAM
3.6
23%
0.2
US
Okta Inc
NASDAQ:OKTA
5.6
39%
0.1
IL
Wix.Com Ltd
NASDAQ:WIX
7.1
48%
0.1
US
S
Switch Inc
F:821
12.1
N/A N/A
P/E Multiple
Earnings Growth P/E to Growth
US
Cloudflare Inc
NYSE:NET
Average P/E: 53.1
Negative Multiple: -412.1
N/A N/A
CA
Shopify Inc
NYSE:SHOP
101.7
1 782%
0.1
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -49.4 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
15.6
-13%
N/A
US
Verisign Inc
NASDAQ:VRSN
22.3
9%
2.4
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -91.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -36.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.4
110%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -365.9 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
130.1
1 359%
0.1
US
S
Switch Inc
F:821
21.3
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBITDA: 67.6
Negative Multiple: -1 082.5
N/A N/A
CA
Shopify Inc
NYSE:SHOP
139.1
3 409%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -46.6 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
31.5
116%
0.3
US
Verisign Inc
NASDAQ:VRSN
18.4
15%
1.2
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -64.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
128.3
N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
11.2
49%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -233.4 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
111.1
1 614%
0.1
US
S
Switch Inc
F:821
33.6
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBIT: 81.6
Negative Multiple: -234.1
N/A N/A
CA
Shopify Inc
NYSE:SHOP
144.7
42 967%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -40.7 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
36.7
107%
0.3
US
Verisign Inc
NASDAQ:VRSN
19
12%
1.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -59.6 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -144.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
20.9
85%
0.2
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -90.3 N/A N/A
IL
Wix.Com Ltd
NASDAQ:WIX
162
6 834%
0
US
S
Switch Inc
F:821
106.1
N/A N/A

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