Cloudflare (NET) - P/B ratio

P/B ratio as of January 2026 : 48.6

According to Cloudflare's latest financial reports the company has a price-to-book ratio of 32.5267.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Cloudflare - P/B ratio (from 2019 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	52.6	45.05%
2024-12-31	36.3	-0.96%
2023-12-31	36.6	53.87%
2022-12-31	23.8	-54.09%
2021-12-31	51.9	81.44%
2020-12-31	28.6	305.15%
2019-12-31	7.06
2018-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Fastly FSLY	1.59	-96.74%	🇺🇸 USA
Akamai AKAM	2.61	-94.64%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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