Strategy Inc (MSTR) P/E Ratio History
Historical price-to-earnings valuation from 1999 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 3, 2026, Strategy Inc (MSTR) trades at a price-to-earnings ratio of -21.4x, with a stock price of $129.50 and trailing twelve-month earnings per share of $26.05.
The current P/E is 116% below its 5-year average of 137.3x. Over the past five years, MSTR's P/E has ranged from a low of 15.0x to a high of 1321.1x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, MSTR trades at a 185% discount to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
Relative to the broader market, MSTR trades at a notable discount to the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MSTR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Data platforms, analytics and business intelligence peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
CALXCalix, Inc. | $3B | 199.1Lowest | -Best | +158%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $322.21 | $21.50 | 15.0x | -77% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $404.23 | $11.36 | 35.6x | -46% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $63.16 | $2.82 | 22.4x | -66% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $32.83 | $0.13 | 252.5x | +286% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $34.24 | $0.90 | 38.0x | -42% |
| FY2020 Q3 | Wed Sep 30 2020 00:00:00 GM | $15.06 | $0.01 | 1321.1x | +1918% |
| FY2020 Q2 | $11.83 | $0.26 | 46.3x | -29% | |
| FY2020 Q1 | $11.81 | $0.42 | 28.1x | -57% | |
| FY2019 Q4 | $14.26 | $0.34 | 42.3x | -35% | |
| FY2019 Q3 | Mon Sep 30 2019 00:00:00 GM | $14.84 | $0.25 | 60.1x | -8% |
| FY2019 Q2 | Sun Jun 30 2019 00:00:00 GM | $14.33 | $0.26 | 54.5x | -17% |
| FY2019 Q1 | Sun Mar 31 2019 00:00:00 GM | $14.43 | $0.11 | 137.3x | +110% |
Average P/E for displayed period: 65.5x
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Start ComparisonFrequently Asked Questions
Is MSTR stock overvalued or undervalued?
MSTR trades at -21.4x P/E, below its 5-year average of 137.3x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MSTR's valuation compare to peers?
Strategy Inc P/E of -21.4x compares to sector median of 25.2x. The discount suggests lower growth expectations or higher risk.
What is MSTR's PEG ratio?
MSTR PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1999-2025.