Strategy (MSTR) Price to Book (2010 - 2026)
Strategy's (MSTR) Price to Book came in at 0.99 for Q2 2026, down 55.5% from 2.22 a year earlier and down 10.8% from the prior quarter.
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Analysis
Strategy (MSTR) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, Strategy's Price to Book stood at 1.01, down 52.4% from FY2024.
- In prior years, Strategy's Price to Book was 2.11 in FY2024 (-57.0%), 4.92 in FY2023 and 5.57 in FY2021 (-65.0%).
- The Q2 2026 figure stands as the lowest quarterly Price to Book in data going back to Q4 2010.
- On a year-over-year basis, Price to Book has declined in each of the last seven quarters, with an average decline of 49.7% over the last eight quarters.
- The strongest year-over-year quarter for Price to Book in the past five years was Q3 2021, with growth of 237.0%; the weakest was Q1 2025, with a decline of 81.9%.
- According to Business Quant data, Price to Book for the three prior quarters was 1.11 (Q1 2026), 1.01 (Q4 2025) and 1.65 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.99 |
| Mar 31, 2026 | 1.11 |
| Dec 31, 2025 | 1.01 |
| Sep 30, 2025 | 1.65 |
| Jun 30, 2025 | 2.22 |
| Mar 31, 2025 | 2.21 |
| Dec 31, 2024 | 2.11 |
| Sep 30, 2024 | 8.56 |
| Jun 30, 2024 | 8.68 |
| Mar 31, 2024 | 12.21 |
| Dec 31, 2023 | 4.92 |
| Sep 30, 2023 | 5.56 |
| Jun 30, 2023 | 9.52 |
| Mar 31, 2023 | 14.27 |
| Mar 31, 2022 | 11.26 |
| Dec 31, 2021 | 5.57 |
| Sep 30, 2021 | 12.54 |
| Jun 30, 2021 | 158.20 |
| Mar 31, 2021 | 34.27 |
| Dec 31, 2020 | 15.91 |
API Access
Strategy Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=MSTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "MSTR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=MSTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();