Cloudflare (NET) Price to Book (2019 - 2026)
Cloudflare's (NET) quarterly Price to Book came in at 48.78 in Q2 2026, down 1.24% year-over-year from 49.39 in Q2 2025, and up 13.04% quarter-over-quarter from 43.15 in Q1 2026.
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Analysis
Cloudflare (NET) Price to Book (2019 - 2026) Analysis & Trends
Cloudflare has disclosed Price to Book across 8 years of filings, most recently posting 48.78 for Q2 2026.
- In Q2 2026, Price to Book fell 1.24% year-over-year to 48.78; the TTM figure through Jun 2026 stood at 48.78 (down 1.24% YoY), while the FY2025 annual figure was 42.87, up 35.3% from the prior year.
- Price to Book came in at 48.78 for Q2 2026 at Cloudflare, up from 43.15 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 65.12 in Q1 2022 to a low of 20.76 in Q4 2022.
- Average Price to Book over 5 years is 35.05, with a median of 30.71 recorded in 2023.
- Year-over-year, Price to Book soared 139.73% in 2022 and slumped 58.01% in 2023.
- Over 5 years, Price to Book stood at 20.76 in 2022, then soared by 56.65% to 32.53 in 2023, then dropped by 2.57% to 31.69 in 2024, then jumped by 35.3% to 42.87 in 2025, then rose by 13.77% to 48.78 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 48.78 in Q2 2026, 43.15 in Q1 2026, and 42.87 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.78 |
| Mar 31, 2026 | 43.15 |
| Dec 31, 2025 | 42.87 |
| Sep 30, 2025 | 50.21 |
| Jun 30, 2025 | 49.39 |
| Mar 31, 2025 | 24.50 |
| Dec 31, 2024 | 31.69 |
| Sep 30, 2024 | 25.39 |
| Jun 30, 2024 | 28.50 |
| Mar 31, 2024 | 36.56 |
| Dec 31, 2023 | 32.53 |
| Sep 30, 2023 | 26.65 |
| Jun 30, 2023 | 29.72 |
| Mar 31, 2023 | 27.34 |
| Dec 31, 2022 | 20.76 |
| Sep 30, 2022 | 26.47 |
| Jun 30, 2022 | 21.31 |
| Mar 31, 2022 | 65.12 |
| Dec 31, 2021 | 45.01 |
| Sep 30, 2021 | 36.12 |
API Access
Cloudflare Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();