Strategy (XSWX:MSTR) Shiller PE Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

XSWX:MSTR Strategy Inc XSWX:MSTR
58 GF Score
Price CHF75.63
GF Value CHF95.48
! 9 Warning Signs
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What is Strategy Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Strategy  (XSWX:MSTR) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Strategy Shiller PE Ratio Related Terms


Strategy Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Strategy's Shiller PE Ratio 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 Shiller PE Ratio Chart

Strategy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
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
Shiller PE Ratio 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 0.00 980.01 0.00 0.00 0.00

XSWX:MSTR vs WDAY, ROP, FICO: Shiller PE Ratio Comparison

For the Software - Application subindustry, Strategy's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Strategy's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Strategy's Shiller PE Ratio falls into.


XSWX:MSTR
58GF Score
Strategy Inc XSWX:MSTR
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Strategy Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Strategy's E10 for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-19.543/333.9520*333.9520
=-19.543

Current CPI (Jun. 2026) = 333.9520.

Strategy Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.225 241.428 0.311
201612 0.274 241.432 0.379
201703 0.134 243.801 0.184
201706 0.083 244.955 0.113
201709 0.152 246.819 0.206
201712 -0.226 246.524 -0.306
201803 0.014 249.554 0.019
201806 0.042 251.989 0.056
201809 0.107 252.439 0.142
201812 0.030 251.233 0.040
201903 -0.077 254.202 -0.101
201906 0.196 256.143 0.256
201909 0.093 256.759 0.121
201912 0.116 256.974 0.151
202003 0.007 258.115 0.009
202006 0.033 257.797 0.043
202009 -0.135 260.280 -0.173
202012 0.024 260.474 0.031
202103 -1.060 264.877 -1.336
202106 -2.788 271.696 -3.427
202109 -0.333 274.310 -0.405
202112 -0.776 278.802 -0.930
202203 -1.076 287.504 -1.250
202206 -9.121 296.311 -10.280
202209 -0.233 296.808 -0.262
202212 -2.043 296.797 -2.299
202303 2.942 301.836 3.255
202306 0.137 305.109 0.150
202309 -0.909 307.789 -0.986
202312 0.429 306.746 0.467
202403 -0.275 312.332 -0.294
202406 -0.509 314.175 -0.541
202409 -1.457 315.301 -1.543
202412 -2.702 315.605 -2.859
202503 -14.571 319.799 -15.216
202506 26.510 322.561 27.446
202509 6.703 324.800 6.892
202512 -34.211 324.054 -35.256
202603 -30.114 330.213 -30.455
202606 -19.543 333.952 -19.543

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Is Strategy (XSWX:MSTR) Overvalued in 2026?

Based on GuruFocus' analysis, Strategy stock appears to be undervalued. The current stock price of CHF75.63 is trading 20.8% below its estimated GF Value™ of CHF95.48.

Key valuation signals for XSWX:MSTR:

  • Shiller PE Ratio:
  • GF Value™: CHF95.48 vs. price of CHF75.63 (20.8% below fair value)
  • GF Score™: 58/100 with 9 warning signs

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 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..
58GF Score

Get the complete analysis for XSWX:MSTR

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF75.63
Price
CHF95.48
GF Value