Strategy (BSP:M2ST34) Cyclically Adjusted Revenue per Share: R$0.35 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:M2ST34 Strategy Inc BSP:M2ST34
37 GF Score
Price R$7.22
GF Value R$8.70
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Strategy Cyclically Adjusted Revenue per Share?

Strategy BSP:M2ST34 +2.41% 37 Cyclically Adjusted Revenue per Share is R$0.35 as of Jun. 2026. GuruFocus rates BSP:M2ST34 with a GF Score™ of 37/100 and a GF Value™ of R$8.70 (Modestly Undervalued). The stock has 9 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Strategy's adjusted revenue per share for the three months ended in Jun. 2026 was R$1.779. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$0.35 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Strategy's average Cyclically Adjusted Revenue Growth Rate was -5.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -4.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -1.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Strategy was 10.20% per year. The lowest was -9.10% per year. And the median was 3.45% per year.

As of today (2026-08-09), Strategy's current stock price is R$7.22. Strategy's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$0.35. Strategy's Cyclically Adjusted PS Ratio of today is 20.63.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Strategy was 86.92. The lowest was 2.00. And the median was 4.83.


Strategy  (BSP:M2ST34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Strategy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=7.22/0.35
=20.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Strategy was 86.92. The lowest was 2.00. And the median was 4.83.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Strategy Cyclically Adjusted Revenue per Share Related Terms


Strategy Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Strategy's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Strategy Cyclically Adjusted Revenue per Share Chart

Strategy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Strategy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.35

BSP:M2ST34 vs WDAY, ROP, FICO: Cyclically Adjusted Revenue per Share Comparison

For the Software - Application subindustry, Strategy's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Strategy Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Strategy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Strategy's Cyclically Adjusted PS Ratio falls into.


BSP:M2ST34
37GF Score
Strategy Inc BSP:M2ST34
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Strategy Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Strategy's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.779/333.9520*333.9520
=1.779

Current CPI (Jun. 2026) = 333.9520.

Strategy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.668 241.428 5.074
201612 4.108 241.432 5.682
201703 3.298 243.801 4.518
201706 3.389 244.955 4.620
201709 3.433 246.819 4.645
201712 3.912 246.524 5.299
201803 3.510 249.554 4.697
201806 3.957 251.989 5.244
201809 4.350 252.439 5.755
201812 4.598 251.233 6.112
201903 4.290 254.202 5.636
201906 4.403 256.143 5.741
201909 4.783 256.759 6.221
201912 5.319 256.974 6.912
202003 5.428 258.115 7.023
202006 5.890 257.797 7.630
202009 7.155 260.280 9.180
202012 7.183 260.474 9.209
202103 7.179 264.877 9.051
202106 6.468 271.696 7.950
202109 6.757 274.310 8.226
202112 7.118 278.802 8.526
202203 5.258 287.504 6.107
202206 5.453 296.311 6.146
202209 5.813 296.808 6.540
202212 6.106 296.797 6.870
202303 4.357 301.836 4.821
202306 3.631 305.109 3.974
202309 4.496 307.789 4.878
202312 2.684 306.746 2.922
202403 3.338 312.332 3.569
202406 3.361 314.175 3.573
202409 3.258 315.301 3.451
202412 3.315 315.605 3.508
202503 2.494 319.799 2.604
202506 2.070 322.561 2.143
202509 2.188 324.800 2.250
202512 2.281 324.054 2.351
202603 1.947 330.213 1.969
202606 1.779 333.952 1.779

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$0.35 mean?
Strategy (BSP:M2ST34) has a Cyclically Adjusted Revenue per Share of R$0.35 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Strategy and its competitors.
Is Strategy's Cyclically Adjusted Revenue per Share too high?
Strategy's current Cyclically Adjusted Revenue per Share is R$0.35. Overall, Strategy has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Strategy's Cyclically Adjusted Revenue per Share compare to WDAY and ROP?
Strategy's Cyclically Adjusted Revenue per Share of R$0.35 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Software company?
A good Cyclically Adjusted Revenue per Share depends on the Software industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Strategy and its competitors. Strategy's current Cyclically Adjusted Revenue per Share is R$0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Strategy stock overvalued right now?
Based on GuruFocus' analysis, Strategy (BSP:M2ST34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$8.70, compared to a current price of R$7.22 — trading 17% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$0.35. Strategy's overall GF Score™ is 37/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Strategy (BSP:M2ST34), the current Cyclically Adjusted Revenue per Share is R$0.35 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Strategy (BSP:M2ST34) Overvalued in 2026?

Based on GuruFocus' analysis, Strategy stock appears to be undervalued. The current stock price of R$7.22 is trading 17% below its estimated GF Value™ of R$8.70. GuruFocus considers Strategy to be Modestly Undervalued.

Key valuation signals for BSP:M2ST34:

  • Cyclically Adjusted Revenue per Share: R$0.35
  • GF Value™: R$8.70 vs. price of R$7.22 (17% below fair value)
  • GF Score™: 37/100 with 9 warning signs

No single metric tells the full story. See the BSP:M2ST34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Strategy Business Description

Address 1850 Towers Crescent Plaza, Tysons Corner, VA, USA, 22182
Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education). Geographically, the company operates in EMEA, U.S. and Other Regions, of which maximum revenue is derived from U.S..
37GF Score

Get the complete analysis for BSP:M2ST34

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$7.22
Price
R$8.70
GF Value