Friday 6 November 2026 Export MSTR’s income statement to Excel — free account

Strategy Inc

MSTR Technology Software Application

Strategy Inc’s revenue for fiscal 2025 (year ended December 2025) was $477.2 million, up 2.97% from fiscal 2024.

Revenue: −2.54%
EPS: +413.8%
Free cash flow: +96.1%
Total debt: −17.8%

Quarter to September 2026, against a year earlier

127.89 1.41 −1.09%

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Market cap: $54.6B
P/E: 0.0×
Fwd P/E: −8.0×
Dividend yield: —
F-score: 3/9
Altman Z: 1.35
Beneish M: −2.47
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Strategy Inc (MSTR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Strategy Inc (MSTR) trades at a P/B ratio of 0.9×. Over the past ten years it has ranged from 0.0× (March 2023) to 96.6× (August 2021); the current reading is higher than 8% of that period. That is below the Software Application industry median of 2.6× and below the Technology sector median of 2.5×.

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<iframe src="https://stockrow.com/embed/MSTR/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Strategy Inc P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MSTR/metrics/pb-ratio">Strategy Inc (MSTR) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	1.0×	(68.74%)
FY2024	3.1×	(29.30%)
FY2023	4.3×	—
FY2022	0.0×	—
FY2021	5.6×	(18.10%)
FY2020	6.8×	136.61%
FY2019	2.9×	4.79%
FY2018	2.7×	10.21%
FY2017	2.5×	(39.16%)
FY2016	4.1×	(8.48%)

Period	P/B ratio	Change
Sep 2026	1.1×	11.36%
Jun 2026	1.0×	(12.74%)
Mar 2026	1.1×	18.91%
Dec 2025	1.0×	(45.39%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 96.6×

Ten-year median 3.5×

Current reading's percentile 2

Company	P/B ratio
MSTR Strategy Inc	0.9×
ROP Roper Technologies, Inc. compare	2.5×
INTU Intuit Inc. compare	5.1×
WDAY Workday, Inc. compare	7.6×
PAYX Paychex, Inc. compare	11.4×
CDNS Cadence Design Systems, Inc. compare	12.4×
DDOG Datadog, Inc. compare	13.4×
ADSK Autodesk, Inc. compare	16.7×
TEAM Atlassian Corporation PLC compare	45.2×
Software Application industry median	2.6×
Technology sector median	2.5×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Strategy Inc (MSTR) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MSTR

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on MSTR

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