What is CRWD's intrinsic value?

TickerWorth's valuation lenses put CrowdStrike Holdings, Inc. (CRWD) between $56.98 and $56.98 per share, versus a market price of $228.23. They disagree too widely for us to state a single fair value, so we publish the range.

Is CRWD overvalued or undervalued?

At $228.23 the price sits above every lens we ran. We don't call CRWD overvalued or undervalued from a range this wide. This is an educational estimate, not advice.

What discount rate is used for CRWD?

A WACC of 11.5% and a terminal growth rate of 2.5%.

Is CrowdStrike stock undervalued?

TickerWorth's fair-value range for CrowdStrike Holdings, Inc. (CRWD) is $56.98 – $56.98 against a market price of $228.23. Priced above our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.

CrowdStrike (CRWD) DCF valuation and fair value

Our fair-value range for CrowdStrike Holdings, Inc. (CRWD) is $56.98 – $56.98, built on a 11.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

CrowdStrike (CRWD) insider trading

We have no recent SEC Form 4 insider filings on file for CrowdStrike Holdings, Inc. (CRWD). Form 4 covers US-listed companies only.

CRWD · Intrinsic value

Is CrowdStrike Holdings, Inc. (CRWD) overvalued or undervalued?

Name: CrowdStrike Holdings, Inc. (CRWD) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth publishes a fair-value range of $56.98 – $56.98 for CrowdStrike Holdings, Inc. (CRWD), against the delayed market price of $228.23: priced above our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full CRWD analysis

What is CRWD worth?

Fair-value range: $56.98 – $56.98
Market price: $228.23
Gap to fair value: —
Verdict: Priced above our range

Price as of 19 Oct 2026, 17:03 UTC · Prices are delayed.Our valuation lenses disagree too widely on this company for us to publish a single number, so we publish the range instead. We do not call it over- or undervalued from a spread this wide.

Reverse DCF, on our cash-flow model rather than the range above: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.

What is CRWD's TickerWorth Score?

F38/100

Priced far above peers — the business scores well

Compared with Technology companies in US

Its strongest point: strong balance sheet. Its weakest: looks expensive on the numbers.

Value · 12 of 100
Cheaper than 12% of Technology companies in US
Price vs worth · 0 of 100
Quality · 37 of 100
More profitable than 37% of Technology companies in US
Financial health · 76 of 100
Financially stronger than 76% of Technology companies in US
Growth · 60 of 100
Growing faster than 60% of Technology companies in US
Momentum · 70 of 100
Outperformed 70% of Technology companies in US over the past year

Confidence: Medium confidence · Scored 19 Oct 2026, 17:03 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

YEAR-1 FCF IS ABOUT -$47M, MORE THAN 100% BELOW CROWDSTRIKE'S REPORTED FCF — against $1,235.7M reported for FY2026 and ~$1.8B guided for FY2027. Far past the 20% threshold, so decomposed: (1) ~$1.5B of FY2027 stock compensation that reported FCF adds back and this model does not; (2) a working-capital credit of ~$178M against an actual ~$400M-a-year release (calibrated down because the engine perpetuates it — see nwc note); (3) capex at the top of the 7-8% guide. It is the treatment, not a forecast that the business stops generating cash.
TERMINAL VALUE IS ~83% OF ENTERPRISE VALUE, above the 75% danger line. Only ~17% of the answer comes from the five forecast years, and four of those five years carry thin or negative SBC-burdened cash flow. Treat the per-share figure as the output of a lens that does not fit, not as a precise estimate.
THE MARGIN PATH IS THE CENTRAL JUDGEMENT AND IT LEANS GENEROUS. Year 1 is built from non-GAAP guidance less an SBC run-rate because CrowdStrike gives no GAAP operating-income guidance. Years 2-5 assume SBC falls from ~25% to ~16% of revenue, against a three-year trend of SBC RISING as a share of revenue. If SBC instead stays near 20% of revenue, FY2031 GAAP margin is ~11% and the value is ~$2.70/share lower.
WHAT THIS MODEL DOES NOT SAY. The site's dcf_fit check will read 'understated' — a fast grower whose DCF lands at a small fraction of the price. That label is correct and deliberate. The gap to the price is a statement about how far the market's expectations sit beyond five years of explicit forecast and a 2.5% perpetuity, not a claim that CrowdStrike is worth ~5% of its quote.
CAPEX IS HELD ABOVE DEPRECIATION IN THE PERPETUITY (8.0% vs 5.5% of revenue) — conservative for a 2.5%-growth steady state; at 6.5% capex the value is ~$1.45/share higher. The additional $2.9B of non-cancelable purchase obligations disclosed after Q2 is a cost-of-revenue commitment, already inside the margin path, not an extra deduction.
SBC of $1,130.6M (FY2026) is expensed inside GAAP EBIT and not added back; dilution is carried by the Q2 FY2027 weighted-diluted count of 1,044.5M rather than the 1,023.9M outstanding.

Why CRWD gets a range, not one number

At a recent price of $228.23, CrowdStrike Holdings, Inc. (CRWD) sits above every lens we ran: our valuation lenses put the business somewhere between $56.98 and $56.98 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.

Read the full reasoning

The valuation discounts CrowdStrike Holdings, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 11.5%, with a long-run terminal growth rate of 2.5%. About 83% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Running the DCF in reverse — solving for the growth the current price already assumes — CRWD would need sustained revenue growth of more than 25%/yr to justify today's price, against about 18.9% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CRWD's modeled DCF value ranges from about $11.45 to $17.81 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what CrowdStrike Holdings, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CRWD's intrinsic value. Figures update as new filings and prices come in.

Every input behind CRWD's DCF

Input	Value	Source
Base-year revenueCrowdStrike FY2026 10-K (accession 0001535527-26-000010, filed 2026-03-05): Total revenue $4,812,005K for the year ended 2026-01-31 (subscription $4,564,683K + professional services $247,322K), +21.7% on FY2025's $3,953,624K, which was itself +29.4% on FY2024's $3,055,555K. Same figure in the Q4 FY2026 release (8-K Ex-99.1, 2026-03-03). CrowdStrike's year ends 31 January, so FY2026 is Feb-2025 to Jan-2026. UNCHANGED as the base; the newer quarters belong in Year 1. CROSS-CHECK: H1 FY2027 revenue was $2,856.5M, +25.7% on H1 FY2026's $2,272.4M, and Q2 alone grew 25.8% — growth has ACCELERATED for five straight quarters, so FY2026 is not a peak base.	$4,812,000,000	CrowdStrike FY2026 10-K (accession 0001535527-26-000010, filed 2026-03-05): Total revenue $4,812,005K for the year ended 2026-01-31 (subscription $4,564,683K + professional services $247,322K), +21.7% on FY2025's $3,953,624K, which was itself +29.4% on FY2024's $3,055,555K. Same figure in the Q4 FY2026 release (8-K Ex-99.1, 2026-03-03). CrowdStrike's year ends 31 January, so FY2026 is Feb-2025 to Jan-2026. UNCHANGED as the base; the newer quarters belong in Year 1. CROSS-CHECK: H1 FY2027 revenue was $2,856.5M, +25.7% on H1 FY2026's $2,272.4M, and Q2 alone grew 25.8% — growth has ACCELERATED for five straight quarters, so FY2026 is not a peak base.
Base EBIT marginCrowdStrike FY2026 10-K (accession 0001535527-26-000010, filed 2026-03-05): GAAP loss from operations $(293,292)K / revenue $4,812,005K = -6.10%. This is the GAAP line, with stock-based compensation EXPENSED: SBC and related payroll taxes were $1,130.6M (23.5% of revenue). Two non-recurring items depress it: $117.7M of July 19 Incident costs and $44.8M of strategic-plan (restructuring) charges; excluding only those two the margin is -2.7%. CrowdStrike's headline 'non-GAAP' margin was 21.7% ($1,046.5M) — the 28-point gap is almost entirely SBC. CROSS-CHECK: H1 FY2027 GAAP operating margin was -2.2% ($(63.8)M on $2,856.5M), Q2 alone -2.3%; non-GAAP 24.4% / 25.3%. Used by the engine only to set the 'peak margin' for the cyclical check; the DCF itself runs off the forecast margins.	-6.1%	CrowdStrike FY2026 10-K (accession 0001535527-26-000010, filed 2026-03-05): GAAP loss from operations $(293,292)K / revenue $4,812,005K = -6.10%. This is the GAAP line, with stock-based compensation EXPENSED: SBC and related payroll taxes were $1,130.6M (23.5% of revenue). Two non-recurring items depress it: $117.7M of July 19 Incident costs and $44.8M of strategic-plan (restructuring) charges; excluding only those two the margin is -2.7%. CrowdStrike's headline 'non-GAAP' margin was 21.7% ($1,046.5M) — the 28-point gap is almost entirely SBC. CROSS-CHECK: H1 FY2027 GAAP operating margin was -2.2% ($(63.8)M on $2,856.5M), Q2 alone -2.3%; non-GAAP 24.4% / 25.3%. Used by the engine only to set the 'peak margin' for the cyclical check; the DCF itself runs off the forecast margins.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	25% → 22% → 19% → 16% → 13%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. House input shared by every model in this tracker.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. House input shared by every model in this tracker.
BetaYahoo Finance 5Y-monthly beta via yfinance: Published 5-year monthly beta 1.255, used as published — no normalization. It sits where a large, high-multiple software name should, and the stock's own path (a 52-week range of $85.68-$273.54 on a split-adjusted basis, +43% since the Q2 print) argues against normalizing DOWN. Each 0.1 of beta moves the value ~$0.65/share. Cost of equity = 5.24% + 1.255 x 5.0% = 11.52%.	1.25	Yahoo Finance 5Y-monthly beta via yfinance: Published 5-year monthly beta 1.255, used as published — no normalization. It sits where a large, high-multiple software name should, and the stock's own path (a 52-week range of $85.68-$273.54 on a split-adjusted basis, +43% since the Q2 print) argues against normalizing DOWN. Each 0.1 of beta moves the value ~$0.65/share. Cost of equity = 5.24% + 1.255 x 5.0% = 11.52%.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. FLAG, AND IT IS THE STRUCTURAL REASON THIS MODEL CANNOT REACH THE PRICE: revenue is still growing 13% in FY2031 and management's own goal ($20B ending ARR by FY2036) implies roughly 10% a year for FY2032-36. Dropping from 13% to 2.5% in a single step understates a company still compounding. The house method keeps a 5-year explicit horizon for every company; the cost of that is stated here rather than hidden. 3.5% adds ~$1.10/share — small, because the explicit years are worth so little that the terminal cash flow itself is the binding constraint. Must remain < WACC of 11.50%.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. FLAG, AND IT IS THE STRUCTURAL REASON THIS MODEL CANNOT REACH THE PRICE: revenue is still growing 13% in FY2031 and management's own goal ($20B ending ARR by FY2036) implies roughly 10% a year for FY2032-36. Dropping from 13% to 2.5% in a single step understates a company still compounding. The house method keeps a 5-year explicit horizon for every company; the cost of that is stated here rather than hidden. 3.5% adds ~$1.10/share — small, because the explicit years are worth so little that the terminal cash flow itself is the binding constraint. Must remain < WACC of 11.50%.
Diluted sharesCrowdStrike Q2 FY2027 release, 8-K Ex-99.1 (accession 0001535527-26-000029); 10-Q accession 0001535527-26-000031: Q2 FY2027 weighted-average DILUTED shares 1,044,469K (split-adjusted; basic 1,019,448K). Management guides ~1,048M for Q3 and ~1,044M for FY2027. Used instead of the 1,023.9M outstanding because that is how this model carries SBC dilution. The count rises ~2% a year (996.7M basic in H1 FY2026, 1,017.2M in H1 FY2027); the $1.5B buyback authorization has been used for only $226M ($175.6M in H1 FY2027) and does not offset it.	1,044M	CrowdStrike Q2 FY2027 release, 8-K Ex-99.1 (accession 0001535527-26-000029); 10-Q accession 0001535527-26-000031: Q2 FY2027 weighted-average DILUTED shares 1,044,469K (split-adjusted; basic 1,019,448K). Management guides ~1,048M for Q3 and ~1,044M for FY2027. Used instead of the 1,023.9M outstanding because that is how this model carries SBC dilution. The count rises ~2% a year (996.7M basic in H1 FY2026, 1,017.2M in H1 FY2027); the $1.5B buyback authorization has been used for only $226M ($175.6M in H1 FY2027) and does not offset it.
Market priceDelayed quote · as of 2026-10-19 17:03 UTC	$228.23	Delayed quote · as of 2026-10-19 17:03 UTC

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What does CrowdStrike Holdings, Inc. do?

What does it do?

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. It operates in the Software - Infrastructure industry (Technology sector), headquartered in United States. The company employs roughly 11,706 people.

How does it make money?

The business turns $5.4B in annual revenue into profit. Out of every $100 of sales, about $0 is left as operating profit (operating margin of -2.3%), after a 75% gross margin on the products/services it sells. After all costs, taxes and interest, 0.8% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks solid: carries modest debt (0.2× equity), comfortably covers its short-term bills (1.6× current ratio), and is currently profitable.

CRWD insider trading

We have no recent SEC Form 4 insider filings on file for CrowdStrike Holdings, Inc.. Form 4 covers US-listed companies only.

Common questions

What is CRWD's intrinsic value?
TickerWorth's valuation lenses put CrowdStrike Holdings, Inc. (CRWD) between $56.98 and $56.98 per share, versus a market price of $228.23. They disagree too widely for us to state a single fair value, so we publish the range.
Is CRWD overvalued or undervalued?
At $228.23 the price sits above every lens we ran. We don't call CRWD overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for CRWD?
A WACC of 11.5% and a terminal growth rate of 2.5%.
Is CrowdStrike stock undervalued?
TickerWorth's fair-value range for CrowdStrike Holdings, Inc. (CRWD) is $56.98 – $56.98 against a market price of $228.23. Priced above our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
CrowdStrike (CRWD) DCF valuation and fair value
Our fair-value range for CrowdStrike Holdings, Inc. (CRWD) is $56.98 – $56.98, built on a 11.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into CrowdStrike stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $228.23. A model estimate, not investment advice.
CrowdStrike (CRWD) insider trading
We have no recent SEC Form 4 insider filings on file for CrowdStrike Holdings, Inc. (CRWD). Form 4 covers US-listed companies only.