CloudflareXSWX:NET 78 EV-to-OCF is 112.26 as of Jul. 03, 2026, which is 1% above its 10-year median of 111.03. GuruFocus rates XSWX:NET with a GF Score™ of 78/100 and a GF Value™ of CHF142.50. The stock has 3 warning signs investors should review. Among 2,871 Software companies, Cloudflare ranks worse than 96.62% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Cloudflare's Enterprise Value is CHF69,111 Mil.
Cloudflare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was CHF616 Mil. Therefore, Cloudflare's EV-to-OCF for today is 112.26.
The historical rank and industry rank for Cloudflare's EV-to-OCF or its related term are showing as below:
XSWX:NET'
s EV-to-OCF Range Over the Past 10 Years
Min: -1486.21 Med: 111.03 Max: 6995.1
Current: 138.72
During the past 10 years, the highest EV-to-OCF of Cloudflare was 6995.10. The lowest was -1486.21. And the median was 111.03.
XSWX:NET's EV-to-OCF is ranked worse than 96.62% of 2871
companies
in the Software industry
Industry Median: 6.47
vs XSWX:NET: 138.72
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cloudflare EV-to-OCF Related Terms
Cloudflare EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Cloudflare's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Software Industry
For the Software industry and Technology sector, Cloudflare's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Cloudflare's EV-to-OCF falls into.
Cloudflare's current Enterprise Value is CHF69,111 Mil.
Cloudflare's Cash Flow from Operations 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 CHF616 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-OCF of 112.26 as of Jul. 03, 2026. This is near median its historical median of 111.03. According to the industry distribution chart, Cloudflare ranks #2774 out of 2871 companies in the Software industry, placing it in the top 96.6%.
Is Cloudflare's EV-to-OCF too high?
Cloudflare's current EV-to-OCF of 112.26 is near median its 10-year median of 111.03. The Software industry median EV-to-OCF is 6.47. Cloudflare's value of 112.26 is 1635.1% above this industry median. Based on the distribution chart, Cloudflare ranks #2774 out of 2871 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-OCF compare to ?
According to the Software industry distribution chart, Cloudflare ranks #2774 out of 2871 companies for EV-to-OCF. This places Cloudflare in the lower half of its industry. The industry median EV-to-OCF is 6.47. Cloudflare's value of 112.26 is 1635.1% above this benchmark. While the company's 10-year median is 111.03 vs. the industry median of 6.47, Cloudflare has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.47, based on 2,871 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cloudflare's current EV-to-OCF of 112.26 is 1635.1% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudflare's current EV-to-OCF is 112.26, which is near median its own 10-year median of 111.03. 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-OCF of 112.26. 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-OCF is 112.26, which is near median its 10-year median of 111.03 and 1635.1% above the Software industry median of 6.47. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Cloudflare (XSWX:NET), the current EV-to-OCF is 112.26 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-OCF: 112.26 (near median its 10-year median of 111.03)
GF Value™: CHF142.50 vs. price of CHF195.52 (37.2% above fair value)
Industry Position: 1635.1% above the Software median (#2774 of 2871)
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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