Strategy Inc valuation and forecast
Explore the models for Strategy Inc, adjust their assumptions and compare your own valuation with the platform's.
Reported holdings, with the date attached
Crypto treasury position
Balance date: 2026-09-30
- Reported crypto fair value
- $70,824,007,000.00
- Cash, debt and other claims, net
- -$4,213,958,000.00
- Listed shares used
- 428,049,000
This measures the reported treasury after the equity-bridge claims. It excludes the operating business, mining equipment and other assets, and is not updated for crypto price moves or purchases since the filing. A treasury deficit does not mean the whole company has negative equity value.
Source filing ↗Your valuation workspace
What is MSTR worth to you?
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01 / Assumptions
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The cash flows behind your value
View annual figures
| Forecast year | Cash flow / share |
|---|
Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.
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| Model | Your value / share | Weight |
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The platform's price and consistency filters are not reapplied to your scenarios.
Other model types 20 unavailable for MSTR
Cash-flow DCF
This model does not apply to this company with the available financial data.
Revenue-to-maturity DCF
This model does not apply to this company with the available financial data.
Growth DCF
This model does not apply to this company with the available financial data.
Residual income
This model does not apply to this company with the available financial data.
Justified price-to-book
This model does not apply to this company with the available financial data.
P/B vs return on equity
This model does not apply to this company with the available financial data.
Peer price-to-book
This model does not apply to this company with the available financial data.
Peer P/E
This model does not apply to this company with the available financial data.
Peer price-to-FFO
This model does not apply to this company with the available financial data.
Peer price-to-sales
This model does not apply to this company with the available financial data.
Forward peer P/E
This model does not apply to this company with the available financial data.
Forward peer price-to-sales
This model does not apply to this company with the available financial data.
P/E comparison
This model does not apply to this company with the available financial data.
PEG comparison
This model does not apply to this company with the available financial data.
Two-stage dividend discount
This model does not apply to this company with the available financial data.
Growing-dividend model
This model does not apply to this company with the available financial data.
REIT funds from operations
This model does not apply to this company with the available financial data.
Utility earnings
This model does not apply to this company with the available financial data.
Book value / net assets
This model does not apply to this company with the available financial data.
Proved-reserve NAV
This model does not apply to this company with the available financial data.
Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.
Valuation models compared
Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.
Analyst recommendations
Monthly trend
- Oct 202615
- Sep 202616
- Aug 202615
- Jul 202615
Counts of recommendations published by analysts covering Strategy Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.
Price history
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Third-party market data · may be delayed
MSTR valuation questions
- How does Fundamentalytics value Strategy Inc?
- We use the models that fit Strategy Inc's business and available financial data: reported crypto treasury nav. Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.
Data: SEC EDGAR filings, retrieved November 2, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Strategy Inc.