Strategy (MSTR) Price to Book (2009 - 2026)
Strategy's (MSTR) Price to Book came in at 0.97 for Q3 2026, down 41.0% from 1.65 a year earlier and down 1.9% from the prior quarter.
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Analysis
Strategy (MSTR) Price to Book (2009 - 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 Q3 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 eight quarters, with an average decline of 61.6% over the last eight quarters.
- The strongest year-over-year quarter for Price to Book in the past five years was Q3 2024, with growth of 54.2%; 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 0.99 (Q2 2026), 1.11 (Q1 2026) and 1.01 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 406.71 Bn | 371.66 Bn | 1.93 Bn |
| 2 | Oracle | 356.71 Bn | 229.27 Bn | 18.57 Bn |
| 3 | Sap Se | 287.26 Bn | 215.24 Bn | 8.64 Bn |
| 4 | Salesforce | 175.69 Bn | 131.56 Bn | 8.70 Bn |
| 5 | Automatic Data Processing | 120.83 Bn | 107.63 Bn | 2.53 Bn |
| 6 | ServiceNow | 103.38 Bn | 82.65 Bn | 2.90 Bn |
| 7 | Intuit | 91.37 Bn | 70.72 Bn | 3.44 Bn |
| 8 | Relx | 72.62 Bn | 72.62 Bn | - |
| 9 | Strategy | 48.71 Bn | 35.85 Bn | 89.63 Mn |
| 10 | Thomson Reuters | 48.24 Bn | 44.21 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.11 |
| Jun 30, 2026 | 0.99 |
| Mar 31, 2026 | 1.14 |
| Dec 31, 2025 | 1.01 |
| Sep 30, 2025 | 1.65 |
| Jun 30, 2025 | 2.34 |
| Mar 31, 2025 | 2.29 |
| Dec 31, 2024 | 2.11 |
| Sep 30, 2024 | 8.81 |
| Jun 30, 2024 | 13.48 |
| Mar 31, 2024 | 18.70 |
| Dec 31, 2023 | 7.45 |
| Sep 30, 2023 | 5.56 |
| Jun 30, 2023 | 9.52 |
| Mar 31, 2023 | 7.80 |
| Mar 31, 2022 | 11.26 |
| Dec 31, 2021 | 11.11 |
| Sep 30, 2021 | 23.88 |
| Jun 30, 2021 | 158.20 |
| Mar 31, 2021 | 34.27 |
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();