A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Strategy's Debt-to-EBITDA or its related term are showing as below:
XSWX:MSTR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -36.76 Med: -1.94 Max: 17.31
Current: 17.31
During the past 13 years, the highest Debt-to-EBITDA Ratio of Strategy was 17.31. The lowest was -36.76. And the median was -1.94.
XSWX:MSTR's Debt-to-EBITDA is ranked worse than 96.36% of 1704
companies
in the Software industry
Industry Median: 1.1
vs XSWX:MSTR: 17.31
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Strategy Debt-to-EBITDA Related Terms
Strategy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Strategy's Debt-to-EBITDA 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.
For the Software - Application subindustry, Strategy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Strategy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Strategy's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Strategy (XSWX:MSTR) has a Debt-to-EBITDA of -335.39 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Strategy. According to the industry distribution chart, Strategy ranks #1642 out of 1704 companies in the Software industry, placing it in the top 96.4%.
Is Strategy's Debt-to-EBITDA too high?
Strategy's current Debt-to-EBITDA is -335.39. Based on the distribution chart, Strategy ranks #1642 out of 1704 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Strategy has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Strategy's Debt-to-EBITDA compare to ?
According to the Software industry distribution chart, Strategy ranks #1642 out of 1704 companies for Debt-to-EBITDA. This places Strategy in the lower half of its industry. The industry median Debt-to-EBITDA is 1.10. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 1.10, based on 1,704 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Strategy. For the Software industry, the median Debt-to-EBITDA is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Strategy's current Debt-to-EBITDA is -335.39. 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?
Strategy (XSWX:MSTR) has a current Debt-to-EBITDA of -335.39. The stock's GF Value™ is CHF99.83, compared to a current price of CHF78.93 — trading 20.9% below its estimated fair value. The current Debt-to-EBITDA is -335.39. Strategy's overall GF Score™ is 61/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Strategy (XSWX:MSTR), the current Debt-to-EBITDA is -335.39 as of Mar. 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 (XSWX:MSTR) Overvalued in 2026?
Based on GuruFocus' analysis, Strategy stock appears to be undervalued.
The current stock price of CHF78.93 is trading 20.9% below its estimated GF Value™ of CHF99.83.
Key valuation signals for XSWX:MSTR:
Debt-to-EBITDA: -335.39
GF Value™: CHF99.83 vs. price of CHF78.93 (20.9% below fair value)
No single metric tells the full story. See the XSWX:MSTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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..
61GF Score
Get the complete analysis for XSWX:MSTR
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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