Question 1

What is Strategy's P/S ratio?

Accepted Answer

Strategy (MSTR) P/S ratio is 80.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Strategy?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Strategy specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is Strategy's P/S ratio high or low?

Accepted Answer

Strategy's P/S ratio of 80.4× is above its own 5-year average of 61.2× and above the sector median of 5.7×. That places the current reading at the 69th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Strategy's historical P/S ratio range?

Accepted Answer

In the available daily series, Strategy (MSTR) P/S ratio has ranged from a low of 0.4× in 2002 to a high of 259.2× in 2025. The 5-year average is 61.2× and the 5-year median is 19.5×.

Question 7

What was Strategy's P/S ratio in 2025?

Accepted Answer

Strategy (MSTR) P/S ratio at the end of 2025 was 93.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Strategy's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$44.67B	$477.23M	93.6×	-44.9×	Dec 31, 2025
2024	$64.18B	$463.46M	138.5×	+119.0×	Dec 31, 2024
2023	$9.69B	$496.26M	19.5×	+16.3×	Dec 31, 2023
2022	$1.61B	$499.26M	3.2×	-8.2×	Dec 31, 2022
2021	$5.81B	$510.76M	11.4×	+3.8×	Dec 31, 2021
2020	$3.66B	$480.74M	7.6×	+4.6×	Dec 31, 2020
2019	$1.46B	$486.33M	3.0×	+0.1×	Dec 31, 2019
2018	$1.42B	$497.64M	2.9×	-0.1×	Dec 31, 2018
2017	$1.50B	$505.61M	3.0×	-1.4×	Dec 31, 2017
2016	$2.26B	$512.16M	4.4×	+0.6×	Dec 31, 2016
2015	$2.04B	$529.87M	3.9×	+0.7×	Dec 31, 2015
2014	$1.84B	$579.83M	3.2×	+0.7×	Dec 31, 2014
2013	$1.40B	$575.89M	2.4×	+0.6×	Dec 31, 2013
2012	$1.05B	$574.19M	1.8×	-0.2×	Dec 31, 2012
2011	$1.17B	$562.15M	2.1×	+0.1×	Dec 31, 2011
2010	$912.37M	$454.58M	2.0×	-1.0×	Dec 31, 2010
2009	$1.12B	$377.79M	3.0×	+1.7×	Dec 31, 2009
2008	$440.53M	$358.03M	1.2×	-2.1×	Dec 31, 2008
2007	$1.13B	$336.23M	3.4×	-1.2×	Dec 31, 2007
2006	$1.43B	$313.82M	4.6×	+0.4×	Dec 31, 2006
2005	$1.12B	$268.66M	4.2×	-0.0×	Dec 31, 2005
2004	$971.01M	$231.21M	4.2×	-0.6×	Dec 31, 2004
2003	$838.00M	$175.58M	4.8×	+3.4×	Dec 31, 2003
2002	$205.30M	$147.83M	1.4×	-0.6×	Dec 31, 2002
2001	$353.90M	$180.42M	2.0×	—	Dec 31, 2001


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for Strategy (MSTR)

P/S Ratio daily chart for Strategy (MSTR)

Historical P/S Ratio for Strategy (MSTR) from 2001 to 2025

About P/S Ratio at Strategy (MSTR)

Strategy P/S Ratio by Year

Strategy P/S Ratio 2025: 93.6×

Strategy P/S Ratio 2024: 138.5×

Strategy P/S Ratio 2023: 19.5×

Strategy P/S Ratio 2022: 3.2×

Strategy P/S Ratio 2021: 11.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Strategy (MSTR) Key Financials

P/S Ratio daily chart for Strategy (MSTR)

Historical P/S Ratio for Strategy (MSTR) from 2001 to 2025

About P/S Ratio at Strategy (MSTR)

Strategy P/S Ratio by Year

Strategy P/S Ratio 2025: 93.6×

Strategy P/S Ratio 2024: 138.5×

Strategy P/S Ratio 2023: 19.5×

Strategy P/S Ratio 2022: 3.2×

Strategy P/S Ratio 2021: 11.4×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Strategy's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Strategy?

+Is Strategy's P/S ratio high or low?

+What is Strategy's historical P/S ratio range?

+What was Strategy's P/S ratio in 2025?

+Why does Strategy's P/S ratio change over time?

Strategy (MSTR) Key Financials