NET P/B: current value, 10-year range and year-by-year history
Cash & Leverage
NET's p/b is higher than 95% of the last 10 years.
P/B History
NET P/B by year
Yearly range of NET’s p/b from 2019 to 2026. Over the full period it ranged from 5.9 to 80.1, averaging 35.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 38.5 | 55.7 | 78.9 | 67.9 |
| 2025 | 23.5 | 47.6 | 64.4 | 47.4 |
| 2024 | 27.5 | 34.8 | 47.6 | 35.4 |
| 2023 | 20.5 | 31.4 | 41.0 | 39.8 |
| 2022 | 20.8 | 36.7 | 79.6 | 24.9 |
| 2021 | 23.0 | 42.2 | 80.1 | 51.6 |
| 2020 | 6.5 | 14.4 | 31.6 | 28.3 |
| 2019 | 5.9 | 10.3 | 33.0 | 6.9 |
Get notified when NET P/B crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is NET P/B High or Low Right Now?
Cloudflare, Inc.'s P/B is currently 67.9, which is near historic high relative to its 10-year historical range. The 10-year median P/B for NET is approximately 33.9. See all NET valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.