MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF): fair value, margin of safety and Wheel Score

Is STRF undervalued?

At 103.34 (close of 16 Oct 2026), STRF has no GLS fair value: every one of the nine models needs a positive input (the company lost money over the last twelve months, EPS -63.92, it pays no dividend and its debts exceed what its assets would fetch), so the margin of safety is blank and the Wheel Score cannot be computed. Our screens leave the stock out at the first rule. What can be said from the nightly row is below.

The nightly engine files STRF under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.

Nine valuation models for STRF

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.

Quality and financial health

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock scores only 3 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 1.5/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.

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.

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock 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 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 35: Weak

With a Wheel Score of 35 MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock sits in the Weak band. The parts - Value 13/25, Health 7/20, Moat 2/15, Premium 8/20, Stability 6/20 - show where: Moat (2/15) scores lowest.

Implied volatility is 23% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (8 of 20 points). Chain open interest is thin - 1,019 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.

Volume runs at 27k shares a day on a market cap of $30.7B, with a beta of 3.54 - 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 gives that 6 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock reports earnings on 29 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

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