CRWD Value Scorecard - CrowdStrike

Value Scorecard · run 2026-10-18

13 value checks: 12 scored 1 to 5, plus moat evidence

23/60

low value score

Earnings & returns

EPS Trend

1/5

Diluted EPS: -$0.20 (2023), $0.09 (2024), -$0.02 (2025), -$0.16 (2026). The latest figure is at or below zero; the framework scores that as 1.

ROE Trend

1/5

ROE (net income / common equity): -12.5% (2023), 3.1% (2024), -0.5% (2025), -3.7% (2026). Median -2.1%, lowest -12.5%; the framework scores a median 5% or less as 1.

ROIC

1/5

ROIC of -4.2%: operating income of -$293.29M divided by $6.90B of capital (total assets $11.09B minus current liabilities $4.18B), fiscal year to Jan 31, 2026, as filed in the 10-K (SEC EDGAR). The framework scores below 5% as 1.

Profit Margins

2/5

Net margin of 0.8%; the framework scores 0-5% as 2; gross margin 75.2%, operating margin -2.3%.

Balance sheet & cash

Debt-to-Equity

5/5

Net cash: total debt $820.18M, total cash $5.01B. The framework scores a net cash position as 5.

Free Cash Flow

5/5

Free cash flow (operating cash flow minus capital expenditure): $674.57M (2023), $929.10M (2024), $1.07B (2025), $1.24B (2026). It rose every year; the framework scores that as 5.

Retained Earnings

1/5

Retained earnings, as filed in the 10-Ks (SEC EDGAR): -$1.15B (2023), -$1.06B (2024), -$1.12B (2025), -$1.28B (2026). The latest balance is negative (an accumulated deficit); the framework scores that as 1.

Valuation models

Graham IV

1/5

IV = EPS x (8.5 + 2g) x (4.4 / Y) = $0.06 x (8.5 + 2 x 5.0) x (4.4 / 4.5) = $1.09 (EPS CAGR unavailable, default 5% applied). Current price $227.39; price is 20851.2% above the model value.

DCF Value

1/5

FCF/share = $1.949, stage 1 growth = 20.0% (revenue CAGR 25.5% capped at 20%) for 5 years, terminal growth = 3%, discount rate = 10%. Stage 1 PV = $12.75, PV of terminal value = $44.30, DCF value = $57.05. Current price $227.39; price is 298.6% above the model value.

Margin of Safety

1/5

Graham value $1.09 (price is 20851.2% above the model value); DCF value $57.05 (price is 298.6% above the model value).

Price-to-Book

1/5

P/B of 45.63; the framework scores above 5.0 as 1.

Business quality

Moat Evidence

Not scored

A moat (a brand, a network, switching costs, patents, scale, a licence) is not a number in the filings, so Valerius doesn’t score it. Below are the figures and the words moat analysis starts from, from the company’s own 10-K filings. The conclusion is yours.

Return on capital, each year

Above 15% in 0 of 8 years (2019-2026); lowest -90.2%, highest -0.5%.

Gross margin, each year

Not reported: the filings don’t state a gross profit or cost of revenue figure, as is common for oil and gas companies, banks and insurers.

Competition, in the company’s own words · 10-K filed Mar 5, 2026

We primarily compete with established and emerging security product vendors. While the market for traditional endpoint and IT operations solutions has historically been intensely competitive, we believe that the architecture of our cloud-native, single sensor platform fundamentally differentiates us compared to both next-gen and legacy competitors in the security industry. Additionally, as we look to enter into

The opening of the company’s “Competition” section in its 10-K, quoted word for word, not summarized or edited. It is the company’s own description, not Valerius’s view, and may include the company’s expectations. Open the filing.

Return on capital = operating income / (total assets − current liabilities), the ROIC row’s definition; 15% is the framework’s return threshold. Gross margin = gross profit / revenue. Both from each year’s 10-K via SEC EDGAR. Moat analysis commonly looks at whether returns and margins held up over many years. These figures don’t say whether the company has an advantage, what it is, or whether it will last.

Capital Allocation

3/5

Capital allocation, 2023-2026: dividends or buybacks paid in 0 of 4 years (fail); $0 paid out against $3.91B of free cash flow (pass); total debt $783.62M to $820.08M, up 4.7%, 4.5x EBITDA (pass: not up more than 10%); shares outstanding 0.89B to 1.01B, up 13.7% (fail: up more than 2%). 2 of 4 tests passed; the framework scores that as 3.

Filings

Company notices to the SEC

Not scored

Three kinds of event the company reported to the SEC in the last 5 years, from its filings on SEC EDGAR.

These are events the company reported to the SEC. An auditor change or a late filing can have many causes; each date links to the filing, where the company explains it. Valerius does not score these.

How the Graham and DCF values were calculated

  Graham Formula:
    IV = EPS x (8.5 + 2g) x (4.4 / Y)
    EPS = $0.06, g = 5.0%, Y = 4.5
    IV = $1.09
    Current price $227.39 vs Graham value $1.09 — price is 20851.2% above the model value.

  DCF:
    FCF/share = $1.949
    Stage 1 growth = 20.0% for 5 years | terminal growth = 3.0% | discount rate = 10.0%
    Stage 1 g capped at 20.0% (3-year revenue CAGR was 25.5%)
      Y1: $2.338 → PV $2.126
      Y2: $2.806 → PV $2.319
      Y3: $3.367 → PV $2.530
      Y4: $4.041 → PV $2.760
      Y5: $4.849 → PV $3.011
    Stage 1 PV sum = $12.75
    Terminal value at end of Y5 = $71.35
    PV of terminal value = $44.30
    DCF value = $57.05
    Current price $227.39 vs DCF value $57.05 — price is 298.6% above the model value.

Data from yfinance summary figures and financial statements, and from the company’s 10-K filings via SEC EDGAR; computed at a price of $227.39. Every score is calculated from the figures by the framework’s fixed rules, and the explanation beside it is generated from the same figures: Graham value, DCF value, margin of safety, ROIC, profit margins, debt-to-equity, price-to-book, EPS trend, ROE trend, free cash flow, retained earnings and capital allocation. No AI is involved in this scorecard. The moat is shown as evidence, without a score. Read each score with the figures beside it. Intrinsic value calculations are model outputs based on stated assumptions, not predictions.

Recent headlines · third-party publishers · not investment advice

In the news

Loading headlines...

The 8 newest headlines whose title names the company, shown automatically and never chosen by Valerius. From third-party publishers via Yahoo Finance, linked to the source. Valerius doesn't write or endorse them. Not investment advice.

CRWD · CrowdStrike

CRWD price