Stock fact sheet · data as of
Strategy Inc (MSTR): fair value, margin of safety and Wheel Score
Ticker symbol MSTR · Technology · Software - Application · United States · Class A common stock · Speculative
MSTR is Strategy Inc's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is MSTR undervalued?
Strategy Inc (MSTR) closed at 142.54 on 5 Nov 2026. None of the nine GLS valuation models produced a positive value for the stock - the company lost money over the last twelve months, EPS -34.15, it pays no dividend and its debts exceed what its assets would fetch - so there is no GLS average fair value and no margin of safety to report. The quality, option and event numbers below still apply; the Quote page's Wall Street View shows what analysts expect instead.
The nightly engine files MSTR under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for MSTR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -19.96 | -114% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 250.82 | +76% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: MSTR passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.0 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -6.5%, ROE -7.5%, ROA -6.2% - with debt at 0.16 times equity and negative free cash flow.
Strategy Inc pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Product Licenses And Subscription Servi… 50%, Subscription And Circulation 47%, License 3% (quarter Q2 FY2026).
Institutional ownership scores 8/10, insider activity 1/10 and Congressional trading 10/10 on the GLS smart-money scales; the last recorded insider buy was on 21 Sep 2026.
| Piotroski F-score | 4 / 9 | ROIC | -6.5% |
|---|---|---|---|
| GLS Moat | 2.0 / 10 | ROE | -7.5% |
| Debt / equity | 0.16 | ROA | -6.2% |
| Free-cash-flow yield | -29.2% | Payout ratio | -9% |
| Institutions | 8 / 10 | Insiders · Congress | 1 · 10 / 10 |
Wheel Score 28: Weak
MSTR scores 28 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - debt with no positive cash flow to repay it, and the parts are thin too - value weak, premium good, moat weak, health fair, red flags weak, option trading strong, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 74% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. The option chain is deep: 934,243 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 18.6M shares a day on a market cap of $57.4B, with a beta of 3.61 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Good | implied volatility 74% | |
| Moat | Weak | moat 2.0/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Strong | 285,953 contracts a day, 934,243 open interest | |
| Stability | Fair | beta 3.61, $57.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for MSTR in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Strategy Inc by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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|---|---|---|---|---|---|
| ADSK Autodesk, Inc. | 270.09 | 213.31 | -27% | 47Weak | $56.4B |
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| ROP Roper Technologies, Inc. | 492.22 | 630.67 | +22% | 49Weak | $48.7B |
| WDAY Workday, Inc. | 201.84 | 172.19 | -17% | 46Weak | $48.6B |
| DDOG Datadog, Inc. | 188.72 | 33.55 | -462% | 41Weak | $67.8B |
| TEAM Atlassian Corporation | 189.88 | 95.09 | -100% | 37Weak | $48.1B |
| CDNS Cadence Design Systems, Inc. | 329.52 | 111.33 | -196% | 45Weak | $90.4B |
| APP AppLovin Corporation | 271.75 | 385.84 | +30% | 44Weak | $91.3B |
| INTU Intuit Inc. | 356.64 | 406.72 | +12% | 85Prime | $95.3B |
| ADBE Adobe Inc. | 248.48 | 361.15 | +31% | 95Prime | $96.7B |
| NBIS Nebius Group N.V. | 141.52 | 9.50 | -1389% | 26Weak | $34.0B |
| STRC Strategy Inc | 99.98 | - | - | 17Weak | $33.1B |
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Start free See the Sunday ScanQuestions about MSTR
What kind of share is MSTR?
MSTR is Strategy Inc's Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is MSTR undervalued right now?
The GLS models could not value MSTR (the company lost money over the last twelve months, EPS -34.15, it pays no dividend and its debts exceed what its assets would fetch), so there is no fair value or margin of safety to compare the price of 142.54 against.
What is the Wheel Score of MSTR and what does it mean?
MSTR scores 28 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for MSTR?
None of the nine GLS models produced a positive value for MSTR (the company lost money over the last twelve months, EPS -34.15, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does Strategy Inc report earnings next?
No upcoming earnings date is recorded for MSTR in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does MSTR have listed options, and how liquid are they?
Yes. The nightly snapshot found 564 listed contracts with 934,243 open interest across all expiries and implied volatility of 74% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.