CrowdStrike Holdings, Inc. (CRWD) is a publicly traded company in the Technology — Software - Infrastructure industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
CrowdStrike Holdings, Inc. delivers cloud-native cybersecurity solutions. Its comprehensive suite safeguards endpoints, cloud workloads, user identities, and critical data. The company's offerings span a wide range, including threat intelligence, managed security services, IT operations management, proactive threat hunting, Zero Trust identity protection, and log management capabilities.
Is CrowdStrike Holdings, Inc. stock overvalued or undervalued in 2026?
CrowdStrike Holdings, Inc. (CRWD) trades at 7,135× earnings (P/E), against a median of 32.0× across the 314 technology companies above $2bn in Kaplio's universe. No valuation verdict: it earns very little for its market value, and with such small earnings there is no reliable reference price.
Kaplio overview: CrowdStrike Holdings, Inc.
Market cap $256B · 52 weeks $88 – $279 (10 % below the high) · P/E 7,135× · 2027 expected P/E 200× · Dividend none · Next earnings December 1, 2026 · expected EPS $0.31 · Closing price, Oct 30 · accounts published Aug 26.
- Valuation: P/E 7,134.8× (no verdict).
- Business: ROIC −2 % (weak).
- Balance sheet: Net cash/EBITDA 24.2× (solid).
- Earnings: 7 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it earns very little for its market value (it trades at 7,135 times earnings; its sector median, 32.0).
Why is CrowdStrike Holdings, Inc.'s P/E so low?
CrowdStrike Holdings, Inc. trades at a P/E of 7,135× on reported earnings, but over the last 12 months 254 % of its pre-tax income ($197M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 23,277×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended July 31, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| October 31, 2025 | $46.2M | ||
| January 31, 2026 | $13.8M | $44.1M | $59.4M |
| April 30, 2026 | $69.7M | $27.8M | |
| July 31, 2026 | $37.2M | $5.3M |
What matters in technology: 5 of 8 pass
- ROIC −1.6 %, fails.
- SBC / Revenue 22.8 %, fails.
- EV/EBITDA vs own 5y 577.4×, fails.
- 3y revenue growth 25.6 %, passes.
- Rule of 40 (SaaS only) 53, passes.
- Gross margin 74.7 %, passes, near the threshold.
- FCF / Revenue 27.2 %, passes.
- Net debt / EBITDA −24.2×, passes.
Against its peers (reference peers) — CrowdStrike Holdings, Inc.: P/E —; EV/EBITDA —; ROIC -1.6 %; $256B. Palo Alto Networks, Inc. (P/E —; EV/EBITDA 194×; ROIC 1.0 %; $299B), Fortinet, Inc. (P/E 44.2×; EV/EBITDA 32.7×; ROIC 31.1 %; $99.8B), Okta, Inc. (P/E 125×; EV/EBITDA 88.3×; ROIC 3.0 %; $34.8B).
Kaplio's reading: CrowdStrike Holdings, Inc.
Updated on October 24, 2026 · accounts published on August 26, 2026
Reading of October 23, 2026: A fast-growing, cash-generating software business that still struggles to turn a profit
CrowdStrike trades at a P/E of 7,338.2× over the last 12 months, against a sector median of 31.4×, while revenue grew 22 %.
- Is CrowdStrike expensive or cheap? CrowdStrike's P/E over the last 12 months is 23,251 % above the 31.4× median of its sector.
- How is the business doing? Revenue grew 22 % over the last 12 months, and the operating margin narrowed to −2.2 % from a decade average of −40.6 %.
- How strong is the balance sheet? CrowdStrike held net cash of $4.34 per share in fiscal 2026, with debt/equity of 0.16 over the last 12 months.
- What to expect from the next earnings? Analysts expect EPS of $0.31 when CrowdStrike reports on December 1, 2026, and 51 of 67 rate the stock a buy.
- Is CrowdStrike growing with real cash or by diluting shareholders? Free cash flow was 27 % of revenue in fiscal 2026, but stock-based pay reached 23 %, above the 20 % toxic line.
Is CrowdStrike expensive or cheap?
Over the last 12 months CrowdStrike trades at a P/E of 7,338.2×, against a median of 31.4× across 363 sector peers, because its net margin is only 1.1 %. Cash flow gives a better read, and it points the same way: the free cash flow yield is 0.6 %. EV/EBITDA of 594.1× is above the three-year average of 378.0× and outside the 110 % band that flags a technology stock as stretched against its own history. The market has rewarded the story anyway. The stock is up 97 % in 12 months and sits 8 % below its 52-week high of $278.86.
How is the business doing?
Revenue rose 22 % over the last 12 months. Over fiscal 2023-2026, revenue per share compounded at 26 % a year, well above the 15 % that counts as healthy in technology. Profits lag behind that growth. The operating margin is −2.2 % over the last 12 months, better than −6.1 % in fiscal 2026 and far better than the decade average of −40.6 %, so losses are narrowing. Return on capital is the weak spot: ROIC is −1.6 %, 9.7 points below the sector median of 8.2 %, and it has not cleared 10 % in any of the last eight fiscal years.
How strong is the balance sheet?
Debt is not a concern. Over the last 12 months debt to equity is 0.16, the current ratio is 1.57, and the Altman Z-score of 10.6 is in the safe zone. In fiscal 2026 cash of $5.18 per share comfortably covered $0.84 of debt, which puts net debt to EBITDA at −24.2×, well inside the 1.5× that software companies can tolerate. Measured against the stock price, though, that cushion is small: net cash is just 1.7 % of the current price. A Piotroski score of 5 out of 9 shows a mixed year-on-year picture.
What to expect from the next earnings?
CrowdStrike has beaten EPS estimates in 7 of the last 8 quarters. On August 26, 2026 it reported EPS of $0.31 against $0.29 expected, a 6 % beat. For the quarter due on December 1, 2026, analysts expect $0.31 again. Forecasts are stable: the fiscal 2027 EPS consensus held at $1.25 over the last 30 days across 25 analysts, and the revenue estimate barely moved. Of 67 analysts, 51 recommend buying, 14 holding and 2 selling. The two things to watch are whether the operating margin turns positive and whether stock-based pay shrinks.
Is CrowdStrike growing with real cash or by diluting shareholders?
In technology, accounting profit understates companies that spend heavily to grow, so the checks that matter are growth, pricing power and dilution. In fiscal 2026 CrowdStrike passes most of them: a gross margin of 75 %, just above the 70 % healthy mark for software, free cash flow of 27 % of revenue against a 20 % bar, and a Rule of 40 score of 53, in the elite range. The catch is stock-based compensation at 23 % of revenue, past the 20 % level where it turns toxic. Part of the cash flow is effectively paid in shares, and existing holders absorb the dilution.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Buffett approve CrowdStrike today?
The Buffett Method would not approve CrowdStrike today: it fails its quality rules. Business quality: 31 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve CrowdStrike today?
The Lynch Method would not approve CrowdStrike today: it fails its quality rules. Business quality: 72 out of 100 (price not included). Lynch classifies it as a turnaround. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 1.29% |
| Return on Invested Capital | -1.57% |
| Return on Assets | 0.49% |
| Gross Margin | 75.25% |
| Operating Margin | -2.21% |
| Net Margin | 1.08% |
Financial Health
| Debt / Equity | 0.16 |
| Current Ratio | 1.57 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 10.65 |
Price Performance
| 1 month | -5.89% |
| 3 months | +31.21% |
| Year-to-date | +113.70% |
| 1 year | +84.48% |
| 3 years | +461.63% |
| 5 years | +272.17% |
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Explore sector: Technology · Software - Infrastructure
More sections of CRWD: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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