CloudflareXSWX:NET 78 Price-to-Tangible-Book is 54.94 as of Jul. 03, 2026, which is 30% above its 10-year median of 42.25. 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 2,184 Software companies, Cloudflare ranks worse than 97.99% on this metric.
As of today (2026-07-03), Cloudflare's share price is CHF195.52. Cloudflare's Tangible Book per Share of Mar. 2026 for the quarter that ended in Mar. 2026 was CHF3.56. Hence, Cloudflare's Price to Tangible Book Ratio of today is 54.94.
The historical rank and industry rank for Cloudflare's Price-to-Tangible-Book or its related term are showing as below:
XSWX:NET'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 7.1 Med: 42.25 Max: 80.66
Current: 66.28
During the past 10 years, Cloudflare's highest Price to Tangible Book Ratio was 80.66. The lowest was 7.10. And the median was 42.25.
XSWX:NET's Price-to-Tangible-Book is ranked worse than 97.99% of 2184
companies
in the Software industry
Industry Median: 3.16
vs XSWX:NET: 66.28
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Cloudflare Price-to-Tangible-Book Related Terms
Cloudflare Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Cloudflare's Price-to-Tangible-Book 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 Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Software Industry
For the Software industry and Technology sector, Cloudflare's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cloudflare's Price-to-Tangible-Book falls into.
* 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:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Cloudflare (XSWX:NET) has a Price-to-Tangible-Book of 54.94 as of Jul. 03, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cloudflare and its competitors. This is 30% above median its historical median of 42.25. Over the past decade, Cloudflare's Price-to-Tangible-Book has ranged from 7.10 to 80.66. According to the industry distribution chart, Cloudflare ranks #2140 out of 2184 companies in the Software industry, placing it in the top 98%.
Is Cloudflare's Price-to-Tangible-Book too high?
Cloudflare's current Price-to-Tangible-Book of 54.94 is 30% above median its 10-year median of 42.25. Over the past 10 years, this metric has ranged from a low of 7.10 to a high of 80.66. The Software industry median Price-to-Tangible-Book is 3.16. Cloudflare's value of 54.94 is 1638.6% above this industry median. Based on the distribution chart, Cloudflare ranks #2140 out of 2184 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 Price-to-Tangible-Book compare to ?
According to the Software industry distribution chart, Cloudflare ranks #2140 out of 2184 companies for Price-to-Tangible-Book. This places Cloudflare in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.16. Cloudflare's value of 54.94 is 1638.6% above this benchmark. Historically, Cloudflare's own Price-to-Tangible-Book has ranged from 7.10 to 80.66 over the past decade. While the company's 10-year median is 42.25 vs. the industry median of 3.16, 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-Tangible-Book for a Software company?
The median Price-to-Tangible-Book among Software companies is 3.16, based on 2,184 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cloudflare's current Price-to-Tangible-Book of 54.94 is 1638.6% 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-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cloudflare and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudflare's current Price-to-Tangible-Book is 54.94, which is 30% above median its own 10-year median of 42.25. 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-Tangible-Book of 54.94. 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 Price-to-Tangible-Book is 54.94, which is 30% above median its 10-year median of 42.25 and 1638.6% above the Software industry median of 3.16. 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 Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Cloudflare (XSWX:NET), the current Price-to-Tangible-Book is 54.94 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:
Price-to-Tangible-Book: 54.94 (30% above median its 10-year median of 42.25)
GF Value™: CHF142.50 vs. price of CHF195.52 (37.2% above fair value)
Industry Position: 1638.6% above the Software median (#2140 of 2184)
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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