Strategy price to sales ratio MSTR

Market value divided by revenue over the last twelve months, since 2012.

Today, Oct 23, 2026: 113×
10-year median: 5.9×
Against its 10-year history: 91st; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.1× to 190×
Peer median: 7.8×

Strategy's price to sales ratio is 113× as of Oct 23, 2026.

That is above its ten-year median of 5.9×, higher than on 91% of days in the last ten years.

Over that time it ranged from 2.1× in Mar 2020 to 190× in Sep 2025.

The median for 10 application software stocks of a similar size is 7.8×.

Price to sales ratio over time

median 5.9×

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	113×	58.8×	134×
2025	96.1×	96.1×	190×
2024	143×	13.8×	183×
2023	18.2×	3.6×	18.2×
2022	3.2×	3.2×	10.8×
2021	11.1×	8.9×	19.8×
2020	7.5×	2.1×	7.5×
2019	3.1×	2.5×	3.3×
2018	2.9×	2.7×	3.4×
2017	3.0×	2.8×	4.5×
2016	4.4×	3.1×	4.5×
2015	3.8×	3.0×	4.5×
2014	3.1×	2.0×	3.3×
2013	2.5×	1.6×	2.5×
2012	1.8×	1.6×	2.8×

Against its peers

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

Company	Price to sales ratio
MSTRStrategy	113×
TEAMAtlassian	8.8×
ADSKAutodesk	6.8×
VEEVVeeva Systems	15.1×
WDAYWorkday	5.0×
ROPRoper Technologies	5.2×
APPAppLovin	12.8×
CDNSCadence Design Systems	14.9×
INTUIntuit	4.3×
DDOGDatadog	24.4×
ADBEAdobe	4.0×
Peer median	7.8×

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

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.