MicroStrategy Incorporated

BMV:MSTR * Stock Report

Market Cap: Mex$1.8t

MicroStrategy Valuation

Is MSTR * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MSTR * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSTR * (MX$8895.76) is trading above our estimate of fair value (MX$3504.83)

Significantly Below Fair Value: MSTR * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSTR *?

Key metric: As MSTR * barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for MSTR *. This is calculated by dividing MSTR *'s market cap by their current book value.
What is MSTR *'s PB Ratio?
PB Ratio23.1x
BookUS$3.77b
Market CapUS$87.25b

Price to Book Ratio vs Peers

How does MSTR *'s PB Ratio compare to its peers?

The above table shows the PB ratio for MSTR * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average14x
ADSK Autodesk
26.5x15.7%US$65.6b
ROP Roper Technologies
3.2x10.7%US$58.8b
WDAY Workday
8.2x13.4%US$68.6b
CDNS Cadence Design Systems
18x16.4%US$82.2b
MSTR * MicroStrategy
23.1x88.8%Mex$87.2b

Price-To-Book vs Peers: MSTR * is expensive based on its Price-To-Book Ratio (23.1x) compared to the peer average (14x).

Price to Book Ratio vs Industry

How does MSTR *'s PB Ratio compare vs other companies in the Global Software Industry?

93 CompaniesPrice / BookEstimated GrowthMarket Cap
No. of Companies141PB0246810+
93 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MSTR * is expensive based on its Price-To-Book Ratio (23.1x) compared to the Global Software industry average (2.9x).

Price to Book Ratio vs Fair Ratio

What is MSTR *'s PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSTR * PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio23.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MSTR *'s Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MSTR * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$8,895.76
Mex$6,276.83
-29.4%
21.4%Mex$9,107.91Mex$4,293.06n/a9
Nov ’25Mex$4,612.54
Mex$5,646.38
+22.4%
14.6%Mex$6,326.30Mex$3,431.00n/a9
Oct ’25Mex$3,330.00
Mex$3,866.12
+16.1%
17.6%Mex$5,610.82Mex$3,285.14n/a9
Sep ’25Mex$2,610.09
Mex$3,846.86
+47.4%
17.5%Mex$5,513.20Mex$3,227.99n/a8
Aug ’25Mex$2,844.80
Mex$3,555.11
+25.0%
19.8%Mex$5,242.46Mex$2,925.51n/a7
Jul ’25Mex$2,519.00
Mex$3,555.11
+41.1%
19.8%Mex$5,242.46Mex$2,925.51n/a7
Jun ’25Mex$2,601.69
Mex$2,979.27
+14.5%
11.8%Mex$3,471.12Mex$2,458.78n/a5
May ’25Mex$1,830.00
Mex$2,245.04
+22.7%
41.1%Mex$3,211.28Mex$919.71n/a6
Apr ’25Mex$2,715.15
Mex$1,718.14
-36.7%
44.6%Mex$3,019.26Mex$895.77n/a6
Mar ’25Mex$1,837.00
Mex$1,355.37
-26.2%
21.6%Mex$1,689.59Mex$916.48n/a6
Feb ’25Mex$864.40
Mex$1,081.44
+25.1%
15.6%Mex$1,360.84Mex$923.85n/a5
Jan ’25Mex$1,067.00
Mex$1,136.82
+6.5%
13.5%Mex$1,343.13Mex$911.83n/a4
Dec ’24Mex$907.98
Mex$950.22
+4.7%
4.0%Mex$981.04Mex$885.54n/a4
Nov ’24Mex$760.30
Mex$826.74
+8.7%
22.7%Mex$941.54Mex$452.66Mex$4,612.545
Oct ’24Mex$568.50
Mex$763.77
+34.3%
26.7%Mex$885.33Mex$357.54Mex$3,330.005
Sep ’24Mex$600.00
Mex$763.77
+27.3%
26.7%Mex$885.33Mex$357.54Mex$2,610.095
Aug ’24Mex$738.00
Mex$710.63
-3.7%
27.2%Mex$867.43Mex$350.31Mex$2,844.805
Jul ’24Mex$588.11
Mex$603.60
+2.6%
33.1%Mex$770.93Mex$322.71Mex$2,519.003
Jun ’24Mex$527.05
Mex$603.60
+14.5%
33.1%Mex$770.93Mex$322.71Mex$2,601.693
May ’24Mex$586.00
Mex$603.60
+3.0%
33.1%Mex$770.93Mex$322.71Mex$1,830.003
Apr ’24Mex$525.34
Mex$531.13
+1.1%
42.9%Mex$758.76Mex$303.50Mex$2,715.152
Mar ’24Mex$499.50
Mex$531.13
+6.3%
42.9%Mex$758.76Mex$303.50Mex$1,837.002
Feb ’24Mex$504.00
Mex$475.55
-5.6%
46.7%Mex$697.85Mex$253.25Mex$864.402
Jan ’24Mex$269.25
Mex$929.17
+245.1%
73.5%Mex$1,849.25Mex$214.12Mex$1,067.003
Dec ’23Mex$359.00
Mex$954.33
+165.8%
69.9%Mex$1,860.35Mex$274.16Mex$907.983
Nov ’23Mex$507.50
Mex$988.74
+94.8%
65.9%Mex$1,882.37Mex$346.75Mex$760.303

Analyst Forecast: Target price is lower than the current share price.

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