EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Cloudflare's enterprise value is CHF69,111 Mil.
Cloudflare's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF138 Mil. Therefore, Cloudflare's EV-to-EBITDA for today is 501.22.
The historical rank and industry rank for Cloudflare's EV-to-EBITDA or its related term are showing as below:
XSWX:NET'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -998.38 Med: -148.02 Max: 1450.75
Current: 619.36
During the past 10 years, the highest EV-to-EBITDA of Cloudflare was 1450.75. The lowest was -998.38. And the median was -148.02.
XSWX:NET's EV-to-EBITDA is ranked worse than 98.61% of 1939
companies
in the Software industry
Industry Median: 10.45
vs XSWX:NET: 619.36
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Cloudflare (XSWX:NET) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Cloudflare's share price for today is CHF195.52.
Cloudflare's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-0.250.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Cloudflare's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, Cloudflare's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cloudflare EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Cloudflare's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Cloudflare's EV-to-EBITDA falls into.
Cloudflare's current Enterprise Value is CHF69,111 Mil.
Cloudflare's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF138 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cloudflare (XSWX:NET) has a EV-to-EBITDA of 501.22 as of Jul. 03, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Cloudflare. According to the industry distribution chart, Cloudflare ranks #1912 out of 1939 companies in the Software industry, placing it in the top 98.6%.
Is Cloudflare's EV-to-EBITDA too high?
Cloudflare's current EV-to-EBITDA is 501.22. The Software industry median EV-to-EBITDA is 10.45. Cloudflare's value of 501.22 is 4696.4% above this industry median. Based on the distribution chart, Cloudflare ranks #1912 out of 1939 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Cloudflare has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Cloudflare's EV-to-EBITDA compare to ?
According to the Software industry distribution chart, Cloudflare ranks #1912 out of 1939 companies for EV-to-EBITDA. This places Cloudflare in the lower half of its industry. The industry median EV-to-EBITDA is 10.45. Cloudflare's value of 501.22 is 4696.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.45, based on 1,939 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cloudflare's current EV-to-EBITDA of 501.22 is 4696.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Cloudflare. For the Software industry, the median EV-to-EBITDA is 10.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudflare's current EV-to-EBITDA is 501.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudflare stock overvalued right now?
Cloudflare (XSWX:NET) has a current EV-to-EBITDA of 501.22. The stock's GF Value™ is CHF142.50, compared to a current price of CHF195.52 — trading 37.2% above its estimated fair value. The current EV-to-EBITDA is 501.22 and 4696.4% above the Software industry median of 10.45. Cloudflare's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Cloudflare (XSWX:NET), the current EV-to-EBITDA is 501.22 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cloudflare (XSWX:NET) Overvalued in 2026?
Based on GuruFocus' analysis, Cloudflare stock appears to be overvalued.
The current stock price of CHF195.52 is trading 37.2% above its estimated GF Value™ of CHF142.50.
Key valuation signals for XSWX:NET:
EV-to-EBITDA: 501.22
GF Value™: CHF142.50 vs. price of CHF195.52 (37.2% above fair value)
Industry Position: 4696.4% above the Software median (#1912 of 1939)
No single metric tells the full story. See the XSWX:NET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.
78GF Score
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