Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

$24.99

Price to Sales (P/S)
since 2020

Microsoft Excel

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Calculation

CrowdStrike Holdings Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of CrowdStrike Holdings Inc. Annual Report.


The price-to-sales ratio exhibited considerable fluctuation between March 2020 and March 2026. Initial observations reveal a period of significant expansion followed by contraction and subsequent stabilization, with a final increase towards the end of the observed period.

Overall Trend
From March 2020 to March 2021, the price-to-sales ratio increased substantially, moving from 22.79 to 48.70. This represents a more than doubling of the ratio within a single year. Following this peak, the ratio decreased to 30.15 in March 2022, indicating a correction. A more pronounced decline occurred between March 2022 and March 2023, with the ratio falling to 12.81. The ratio then experienced a recovery, rising to 26.10 by March 2024. This upward momentum continued, albeit at a slower pace, reaching 19.36 in March 2025, before concluding at 22.46 in March 2026.
Relationship to Share Price and Sales per Share
The initial increase in the price-to-sales ratio coincided with a substantial increase in the share price, from US$51.45 to US$190.21, and a corresponding rise in sales per share, from US$2.26 to US$3.91. The subsequent decline in the ratio in 2022 and 2023 was associated with a decrease in share price to US$121.68, despite continued growth in sales per share, which reached US$9.50. The recovery observed from 2023 onwards aligns with the increase in share price to US$426.16 in March 2026, and a continued increase in sales per share to US$18.97.
Volatility
The period between 2020 and 2023 demonstrates significant volatility in the price-to-sales ratio. The large swings suggest sensitivity to market conditions or company-specific events. The latter part of the period, from 2024 to 2026, shows a more moderate and stable trend, although the ratio did not return to the high levels observed in 2021.

In summary, the price-to-sales ratio experienced a dynamic period, characterized by initial expansion, a significant correction, and a subsequent recovery. The ratio’s movements appear correlated with changes in both share price and sales per share, with a notable period of volatility followed by increased stability.


Comparison to Competitors

CrowdStrike Holdings Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).


Comparison to Sector (Software & Services)

CrowdStrike Holdings Inc., P/S, long-term trends, comparison to sector (software & services)

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).


Comparison to Industry (Information Technology)

CrowdStrike Holdings Inc., P/S, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).