P/E ratio for Cloudflare (NET)
P/E ratio as of June 2024 (TTM): -111
According to Cloudflare's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -111.443. At the end of 2022 the company had a P/E ratio of -75.3.
P/E ratio history for Cloudflare from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -75.3 | -52.44% |
| 2021 | -158 | -16.6% |
| 2020 | -190 | 551.81% |
| 2019 | -29.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Akamai
AKAM | 30.4 | -127.26% | 🇺🇸 USA |
 Fastly
FSLY | -6.35 | -94.30% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.