Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

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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 (EV) of CrowdStrike Holdings Inc. exhibits significant volatility over the observed period, characterized by a sharp contraction in 2023 followed by a substantial recovery and projected growth through 2026.

Valuation Fluctuations and Recovery
A notable decline in Enterprise Value occurred between January 31, 2022, and January 31, 2023, where EV dropped from US$ 42,526,811 thousand to US$ 26,759,359 thousand. This represents a contraction of approximately 37%. However, a rapid reversal is observed by January 31, 2024, with EV surging to US$ 77,040,232 thousand, effectively tripling the 2023 valuation.
Capital Structure and Net Debt Position
Analysis of the relationship between Common Equity market value and Enterprise Value indicates a consistent net cash position. Throughout the period, Enterprise Value remains lower than the market value of common equity. This pattern suggests that the company's cash and cash equivalents exceed its total debt obligations, thereby reducing the overall enterprise cost of acquisition relative to the equity market capitalization.
Long-term Growth Trajectory
Following a slight moderation in value in 2025, where EV shifted to US$ 73,023,251 thousand, the trajectory is projected to ascend sharply. By January 31, 2026, the Enterprise Value is expected to reach US$ 103,639,742 thousand. This represents an overall increase of approximately 150% from the initial 2021 valuation of US$ 41,401,980 thousand.
Equity Alignment
There is a near-total alignment between the market value of common equity and total equity across all reported dates. This suggests that the valuation is driven almost exclusively by equity market perceptions rather than significant shifts in book value or debt-funded expansions.