StrategyXSWX:MSTR -9.95%61 EV-to-EBITDA is 82.17 as of Jul. 02, 2026, which is 1134% above its 10-year median of 6.66. GuruFocus rates XSWX:MSTR with a GF Score™ of 61/100 and a GF Value™ of CHF99.83. The stock has 8 warning signs investors should review. Among 1,941 Software companies, Strategy ranks worse than 93.1% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Strategy's enterprise value is CHF39,205.8 Mil.
Strategy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF477.1 Mil. Therefore, Strategy's EV-to-EBITDA for today is 82.17.
The historical rank and industry rank for Strategy's EV-to-EBITDA or its related term are showing as below:
XSWX:MSTR'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -699.65 Med: 6.66 Max: 162.79
Current: 101.53
During the past 13 years, the highest EV-to-EBITDA of Strategy was 162.79. The lowest was -699.65. And the median was 6.66.
XSWX:MSTR's EV-to-EBITDA is ranked worse than 93.1% of 1941
companies
in the Software industry
Industry Median: 10.25
vs XSWX:MSTR: 101.53
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-02), Strategy's stock price is CHF78.93.
Strategy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF-40.160. Therefore, Strategy's PE Ratio (TTM) for today is At Loss.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Strategy (XSWX:MSTR) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Strategy's share price for today is CHF78.93.
Strategy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-40.160.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Strategy's EV-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 EV-to-EBITDA, along with its competitors' market caps and EV-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 EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Strategy's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Strategy's EV-to-EBITDA falls into.
Strategy's current Enterprise Value is CHF39,205.8 Mil.
Strategy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF477.1 Mil.
* 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 (XSWX:MSTR) has a EV-to-EBITDA of 82.17 as of Jul. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Strategy. This is 1134% above median its historical median of 6.66. According to the industry distribution chart, Strategy ranks #1807 out of 1941 companies in the Software industry, placing it in the top 93.1%.
Is Strategy's EV-to-EBITDA too high?
Strategy's current EV-to-EBITDA of 82.17 is 1134% above median its 10-year median of 6.66. The Software industry median EV-to-EBITDA is 10.25. Strategy's value of 82.17 is 701.7% above this industry median. Based on the distribution chart, Strategy ranks #1807 out of 1941 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 EV-to-EBITDA compare to ?
According to the Software industry distribution chart, Strategy ranks #1807 out of 1941 companies for EV-to-EBITDA. This places Strategy in the lower half of its industry. The industry median EV-to-EBITDA is 10.25. Strategy's value of 82.17 is 701.7% above this benchmark. While the company's 10-year median is 6.66 vs. the industry median of 10.25, Strategy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.25, based on 1,941 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Strategy's current EV-to-EBITDA of 82.17 is 701.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Strategy. For the Software industry, the median EV-to-EBITDA is 10.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Strategy's current EV-to-EBITDA is 82.17, which is 1134% above median its own 10-year median of 6.66. 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 EV-to-EBITDA of 82.17. 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 EV-to-EBITDA is 82.17, which is 1134% above median its 10-year median of 6.66 and 701.7% above the Software industry median of 10.25. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Strategy (XSWX:MSTR), the current EV-to-EBITDA is 82.17 as of Jul. 02, 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:
EV-to-EBITDA: 82.17 (1134% above median its 10-year median of 6.66)
GF Value™: CHF99.83 vs. price of CHF78.93 (20.9% below fair value)
Industry Position: 701.7% above the Software median (#1807 of 1941)
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
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