Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

CrowdStrike Holdings Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Preferred stock, $0.0005 par value; no shares issued and outstanding (per books)
Add: Non-controlling interest (per books)
Total equity
Add: Long-term debt (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2026-01-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

CrowdStrike Holdings Inc., EV calculation

Microsoft Excel
Jan 31, 2026 Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, $0.0005 par value; no shares issued and outstanding (book value)
Add: Non-controlling interest (book value)
Total equity
Add: Long-term debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

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

3 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The enterprise value exhibited a fluctuating pattern over the observed period. Initial values remained relatively stable before a significant shift occurred, followed by a period of growth. A detailed examination of the components reveals further insights into these movements.

Enterprise Value Trend
From January 31, 2021, to January 31, 2022, enterprise value remained consistent, fluctuating between approximately US$41.4 billion and US$42.5 billion. A substantial decrease was then observed on January 31, 2023, with enterprise value falling to US$26.8 billion. Subsequently, a strong upward trend commenced, culminating in a value of US$77.0 billion on January 31, 2024. This growth continued, albeit at a slower pace, reaching US$73.0 billion on January 31, 2025, and further increasing to US$103.6 billion on January 31, 2026.
Relationship between Equity and Enterprise Value
Common equity and total equity values mirrored each other closely throughout the period, indicating a strong correlation. Both metrics experienced a decline in 2023, coinciding with the decrease in enterprise value. The subsequent recovery and growth in equity values from 2024 onwards align with the observed increase in enterprise value. The proximity of total equity to enterprise value suggests that debt plays a relatively smaller role in the overall valuation, particularly in the earlier years.
Total Equity and Debt
Total equity and debt remained consistently higher than both common equity and enterprise value across all observed dates. The difference between total equity and debt and enterprise value represents the net debt position. The narrowing gap between total equity and debt and enterprise value from 2023 to 2026 suggests an increasing reliance on debt financing or a slower growth in equity relative to the overall valuation.

The period between January 31, 2024, and January 31, 2026, demonstrates a robust expansion in enterprise value, driven by increases in both equity and debt. The fluctuations observed, particularly the decline in 2023, warrant further investigation to understand the underlying factors contributing to these shifts.