Strategy forward PE MSTR

Share price divided by analysts' consensus earnings for the next twelve months, since 1998.

Today, Oct 23, 2026: 4.6×
10-year median: 56.2×
Against its 10-year history: 4th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.9× to 424×
Peer median: 19.0×

Strategy's forward PE is 4.6× as of Oct 23, 2026.

That is below its ten-year median of 56.2×, lower than on 96% of days in the last ten years.

Over that time it ranged from 2.9× in Aug 2026 to 424× in Feb 2021.

The median for 10 application software stocks of a similar size is 19.0×.

Forward PE over time

median 56.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.6×	2.9×	16.2×
2025	14.8×	14.8×	25.1×
2024	179×	172×	226×
2023	226×	25.8×	226×
2022	22.8×	22.8×	232×
2021	153×	153×	424×
2020	207×	79.2×	207×
2019	80.6×	63.1×	87.0×
2018	61.4×	40.7×	83.9×
2017	41.4×	30.3×	45.8×
2016	30.0×	17.5×	30.6×
2015	21.2×	20.0×	28.7×
2014	28.4×	27.3×	179×
2013	181×	32.5×	188×
2012	32.7×	30.2×	53.4×
2011	38.0×	32.4×	63.6×
2010	31.1×	16.4×	32.9×
2009	19.5×	9.1×	19.8×
2008	11.7×	1.4×	24.5×
2007	2.0×	1.3×	2.4×

Against its peers

Companies in Software - Application nearest Strategy's size, closest first, today.

Company	Forward PE
MSTRStrategy	4.6×
TEAMAtlassian	41.4×
ADSKAutodesk	19.4×
VEEVVeeva Systems	33.4×
WDAYWorkday	17.4×
ROPRoper Technologies	18.6×
APPAppLovin	14.4×
CDNSCadence Design Systems	36.9×
INTUIntuit	14.9×
DDOGDatadog	101×
ADBEAdobe	9.8×
Peer median	19.0×

Where Strategy ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Strategy

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.