Cloudflare (XSWX:NET) Price-to-Free-Cash-Flow: 343.82 (As of Aug. 19, 2026) — 27% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:NET Cloudflare Inc XSWX:NET
75 GF Score
Price CHF244.80
GF Value CHF152.12
! 5 Warning Signs
View Full Analysis

What is Cloudflare Price-to-Free-Cash-Flow?

Cloudflare XSWX:NET -1.81% 75 Price-to-Free-Cash-Flow is 343.82 as of Aug. 19, 2026, which is 27% above its 10-year median of 270.41. GuruFocus rates XSWX:NET with a GF Score™ of 75/100 and a GF Value™ of CHF152.12. The stock has 5 warning signs investors should review. Among 1,556 Software companies, Cloudflare ranks worse than 97.04% on this metric.

As of today (2026-08-19), Cloudflare's share price is CHF244.80. Cloudflare's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 was CHF0.71. Hence, Cloudflare's Price-to-Free-Cash-Flow Ratio for today is 343.82.

The historical rank and industry rank for Cloudflare's Price-to-Free-Cash-Flow or its related term are showing as below:

XSWX:NET' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 161.12   Med: 270.41   Max: 608.97
Current: 336.84

During the past 10 years, Cloudflare's highest Price-to-Free-Cash-Flow Ratio was 608.97. The lowest was 161.12. And the median was 270.41.

XSWX:NET's Price-to-Free-Cash-Flow is ranked worse than
97.04% of 1556 companies
in the Software industry
Industry Median: 17.445 vs XSWX:NET: 336.84

Cloudflare's Free Cash Flow per Share for the three months ended in Jun. 2026 was CHF0.13. Its Free Cash Flow per Share for the trailing twelve months (TTM) ended in was CHF0.71.

During the past 12 months, the average Free Cash Flow per Share Growth Rate of Cloudflare was 72.10% per year.

During the past 10 years, Cloudflare's highest 3-Year average Free Cash Flow per Share Growth Rate was 47.70% per year. The lowest was -69.90% per year. And the median was -7.15% per year.


Cloudflare  (XSWX:NET) Price-to-Free-Cash-Flow Explanation

Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.

In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.


Be Aware

In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.


Cloudflare Price-to-Free-Cash-Flow Related Terms


Cloudflare Price-to-Free-Cash-Flow Historical Data

* Premium members only.

The historical data trend for Cloudflare's Price-to-Free-Cash-Flow 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.

Cloudflare Price-to-Free-Cash-Flow Chart

Cloudflare Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Free-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 232.57 220.20 263.57

Cloudflare Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Price-to-Free-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 376.60 355.87 263.57 248.00 274.06

XSWX:NET vs FTNT, SNPS, XYZ: Price-to-Free-Cash-Flow Comparison

For the Software - Infrastructure subindustry, Cloudflare's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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 Price-to-Free-Cash-Flow vs Software Industry

For the Software industry and Technology sector, Cloudflare's Price-to-Free-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Cloudflare's Price-to-Free-Cash-Flow falls into.


XSWX:NET
75GF Score
Cloudflare Inc XSWX:NET
Price-to-Free-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cloudflare Price-to-Free-Cash-Flow Calculation

Cloudflare's Price-to-Free-Cash-Flow ratio for today is calculated as

Price-to-Free-Cash-Flow Ratio=Share Price/ Free Cash Flow per Share (TTM)
=244.80/0.712
=343.82

Cloudflare's Share Price of today is CHF244.80.
Cloudflare's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF0.71.

* 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.

It can also be calculated from the numbers for the whole company:

Price-to-Free-Cash-Flow Ratio=Market Cap/Free Cash Flow
What does a Price-to-Free-Cash-Flow of 343.82 mean?
Cloudflare (XSWX:NET) has a Price-to-Free-Cash-Flow of 343.82 as of Aug. 19, 2026. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on Cloudflare and its competitors. This is 27% above median its historical median of 270.41. Over the past decade, Cloudflare's Price-to-Free-Cash-Flow has ranged from 161.12 to 608.97. According to the industry distribution chart, Cloudflare ranks #1510 out of 1556 companies in the Software industry, placing it in the top 97%.
Is Cloudflare's Price-to-Free-Cash-Flow too high?
Cloudflare's current Price-to-Free-Cash-Flow of 343.82 is 27% above median its 10-year median of 270.41. Over the past 10 years, this metric has ranged from a low of 161.12 to a high of 608.97. The Software industry median Price-to-Free-Cash-Flow is 17.45. Cloudflare's value of 343.82 is 1870.9% above this industry median. Based on the distribution chart, Cloudflare ranks #1510 out of 1556 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Cloudflare has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Cloudflare's Price-to-Free-Cash-Flow compare to FTNT and SNPS?
According to the Software industry distribution chart, Cloudflare ranks #1510 out of 1556 companies for Price-to-Free-Cash-Flow. This places Cloudflare in the lower half of its industry. The industry median Price-to-Free-Cash-Flow is 17.45. Cloudflare's value of 343.82 is 1870.9% above this benchmark. Historically, Cloudflare's own Price-to-Free-Cash-Flow has ranged from 161.12 to 608.97 over the past decade. While the company's 10-year median is 270.41 vs. the industry median of 17.45, 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 Price-to-Free-Cash-Flow for a Software company?
The median Price-to-Free-Cash-Flow among Software companies is 17.45, based on 1,556 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Free-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Free-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cloudflare's current Price-to-Free-Cash-Flow of 343.82 is 1870.9% 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 Price-to-Free-Cash-Flow mean?
A high Price-to-Free-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on Cloudflare and its competitors. For the Software industry, the median Price-to-Free-Cash-Flow is 17.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudflare's current Price-to-Free-Cash-Flow is 343.82, which is 27% above median its own 10-year median of 270.41. 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 Price-to-Free-Cash-Flow of 343.82. The stock's GF Value™ is CHF152.12, compared to a current price of CHF244.80 — trading 60.9% above its estimated fair value. The current Price-to-Free-Cash-Flow is 343.82, which is 27% above median its 10-year median of 270.41 and 1870.9% above the Software industry median of 17.45. Cloudflare's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Free-Cash-Flow calculated?
Price-to-Free-Cash-Flow is calculated from a company's financial statements. For Cloudflare (XSWX:NET), the current Price-to-Free-Cash-Flow is 343.82 as of Aug. 19, 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 CHF244.80 is trading 60.9% above its estimated GF Value™ of CHF152.12.

Key valuation signals for XSWX:NET:

  • Price-to-Free-Cash-Flow: 343.82 (27% above median its 10-year median of 270.41)
  • GF Value™: CHF152.12 vs. price of CHF244.80 (60.9% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 1870.9% above the Software median (#1510 of 1556)

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 Business Description

Address 101 Townsend Street, San Francisco, CA, USA, 94107
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.
75GF Score

Get the complete analysis for XSWX:NET

Price-to-Free-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF244.80
Price
CHF152.12
GF Value