Stock fact sheet · data as of
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock (STRF): fair value, margin of safety and Wheel Score
Ticker symbol STRF · Technology · Software - Application · United States · Preferred stock · Fund / Note
STRF is not MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock's common stock: it is its preferred stock. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as MSTR (Class A common stock).
Is STRF undervalued?
At 102.79 (close of 5 Nov 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 -24.63, 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 scans leave the stock out at the first filter. What can be said from the nightly row is below.
STRF looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
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.
| 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) | -27.04 | -126% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock scores only 4 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. 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. There is no GLS Moat score for STRF: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
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.
| Piotroski F-score | 4 / 9 | ROIC | -6.5% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | -7.5% |
| Debt / equity | 0.16 | ROA | -6.2% |
| Free-cash-flow yield | -29.2% | Payout ratio | -9% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 23: Weak
With a Wheel Score of 23 MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (319 open interest, 129 a day); and filter 2, a real business, not a gamble - a fund or note, not a company; 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; Value (weak) is its weakest part.
Implied volatility is 38% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 319 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 35k shares a day on a market cap of $30.5B, 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 rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (319 open interest, 129 a day) |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 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 | Strong | implied volatility 38% | |
| Moat | Weak | no moat score | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Weak | 129 contracts a day, 319 open interest | |
| Stability | Weak | beta 3.54, $30.5B 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 STRF in the nightly calendar.
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 MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock 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.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BSP Bending Spoons S.p.A. | 46.58 | 17.74 | -163% | 34Weak | $29.6B |
| STRC Strategy Inc | 99.98 | - | - | 17Weak | $33.1B |
| NBIS Nebius Group N.V. | 141.52 | 9.50 | -1389% | 26Weak | $34.0B |
| ZM Zoom Communications, Inc. | 91.84 | 200.16 | +54% | 57Fair | $26.8B |
| PTC PTC Inc. | 195.18 | 291,571.13 | +100% | 40Weak | $21.2B |
| STRK Strategy Inc | 70.80 | - | - | 12No options | $21.0B |
| TEAM Atlassian Corporation | 189.88 | 95.09 | -100% | 37Weak | $48.1B |
| WDAY Workday, Inc. | 201.84 | 172.19 | -17% | 46Weak | $48.6B |
| ROP Roper Technologies, Inc. | 492.22 | 630.67 | +22% | 49Weak | $48.7B |
| U Unity Software Inc. | 42.46 | 24.64 | -72% | 29Weak | $18.7B |
| SSNC SS&C Technologies Holdings, Inc. | 79.57 | 80.80 | +2% | 38Weak | $18.7B |
| VEEV Veeva Systems Inc. | 310.63 | 179.19 | -73% | 44Weak | $50.3B |
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Start free See the Sunday ScanQuestions about STRF
Is STRF the same as MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock stock?
No. STRF is not MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock's common stock: it is its preferred stock. Preferred shares pay a set dividend and rank ahead of the common stock if the company fails, but usually carry no vote and do not share in the company's growth the same way. The valuation models on this page are built for common stock and say little about a preferred share. The common stock trades as MSTR (Class A common stock).
Is STRF undervalued right now?
The GLS models could not value STRF (the company lost money over the last twelve months, EPS -24.63, 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 102.79 against.
What is the Wheel Score of STRF and what does it mean?
STRF scores 23 out of 100 (Weak) - it fails Wheel Trade Filters 1, 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 STRF?
None of the nine GLS models produced a positive value for STRF (the company lost money over the last twelve months, EPS -24.63, it pays no dividend and its debts exceed what its assets would fetch), so there is no GLS fair value tonight.
When does MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock report earnings next?
No upcoming earnings date is recorded for STRF in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does STRF have listed options, and how liquid are they?
Yes. The nightly snapshot found 96 listed contracts with 319 open interest across all expiries and implied volatility of 38% 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.