Cloudflare, Inc. (NET)

Services-Prepackaged Software

Latest Price

$280.70

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

4.58

P/B Ratio

61.25

Valuation metrics

Base FCF: $195M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$44.44

86% downside

84.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Capital World Investors	24.33M	$5.97B	6.88%	+1.59M	2026-06-30
BlackRock, Inc.	21.60M	$5.30B	6.11%	+504.6K	2026-06-30
Vanguard Portfolio Management LLC	16.82M	$4.13B	4.76%	+779.8K	2026-06-30
Morgan Stanley	15.26M	$3.74B	4.32%	-625.0K	2026-06-30
Baillie Gifford & Co	14.60M	$3.58B	4.13%	-1.33M	2026-06-30
Vanguard Capital Management LLC	14.43M	$3.54B	4.08%	+714.2K	2026-06-30
FMR LLC	12.66M	$3.10B	3.58%	-905.0K	2026-06-30
Capital International Investors	10.98M	$2.69B	3.11%	+87.8K	2026-06-30
State Street Corp	7.42M	$1.82B	2.10%	+242.0K	2026-06-30
Geode Capital Management, LLC	5.96M	$1.46B	1.69%	-29.5K	2026-06-30