A wonderful business — priced for growth it hasn't delivered.

A great company, but no margin of safety at this price. Worth watching, not worth buying here.

Current price
$183.28
Market cap ≈ $46B
Intrinsic value
$117
range $92 – $156
Margin of safety
-36%
above fair value
-0 FY18 -0 FY19 0 FY20 0 FY21 0 FY22 1 FY23 1 FY24 1 FY25 1 FY26

What the math is really telling you. Watch whether cash flow is compounding — that, more than any single year, is what a value read hangs on.

  • Warning:
    Overvalued
    Fair value ~$117 vs $183 — trading 36% above what the math supports.
  • Good:
    Price is in line with its record
    Priced for ~12%/yr, roughly what it has delivered (22.9%/yr).
  • Good:
    Revenue still growing
    Up 21.7% last year — demand isn't the problem.
  • Good:
    Cash flow compounding
    Free cash flow up ~22.9%/yr — the engine is growing.
  • Good:
    Fortress balance sheet
    Net cash positive (+$5B) — little solvency risk.

How this was built. Every figure is computed from CrowdStrike Holdings, Inc.'s SEC filings — no estimates, no AI. Two-stage DCF: 9% discount rate, 5% free-cash-flow growth for 10 years, 2.5% terminal. Free cash flow is operating cash flow less capital spending. Net cash is cash and marketable securities less borrowings, commercial paper and finance leases; operating leases are disclosed but never counted as debt. Fundamentals are from the FY26 annual report and change only when a new one is filed. Price of $183.28 taken 2026-07-24 (founder-supplied CSV, July 2026) — it is not live and does not move during the day.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →