ValueLens Investability Score

63
Favorable
Valuation 39
35% weight
Financial Health 64
25% weight
Earnings Power 95
20% weight
Competitive Moat 84
15% weight
Shareholder Alignment 35
5% weight
Holding it back: Premium to intrinsic value (Valuation), Insider transactions (Shareholder Alignment), Brand premium (gross margin) (Competitive Moat)

Overview

$416.67
$428.05
$3125.18B
25.74x
0.82%
Technology
NASDAQ NMS - GLOBAL MARKET
US

Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windows and has since expanded into areas such as Internet services, cloud computing, artificial intelligence, video gaming, and more. A Big Tech company, Microsoft is the largest software company by revenue, one of the most valuable public companies, and one of the most valuable brands globally.

Ben Graham Analysis

WEAK (2/7)

Stock passes only 2 of 7 Graham criteria. Limited margin of safety. Requires deep conviction or special situation rationale.

✗ Expensive (> 25)
25.74
Graham preferred P/E below 15 for defensive investors
✗ Risky
Earnings Yield: 3.89%
AAA Bond Yield: 5.49%
Gap: -1.6%
Safe if earnings yield exceeds bond yield by 25%+
✗ Trading above by 192.3%
Graham Number: $142.54
Current Price: $416.67
Book Value/Share: 55.78
Margin: -192.3%
Graham Number = √(22.5 × EPS × Book Value). Buy when price is well below this number.
~ Modest dividend
0.82%
Graham favored dividend-paying stocks for stability
✗ Negative NCAV
NCAV: -$84.4B
NCAV per Share: $-11.25
Total liabilities exceed current assets. Negative NCAV is common for large, established companies — the net-net strategy targets small, undervalued firms.
✗ Weak (1.0–1.5)
1.28x
Current Assets ÷ Current Liabilities. Graham required ≥ 2.0 for defensive investors — ensures the company can comfortably cover short-term obligations.
✓ Conservative (< 0.5)
0.25x
Total Debt ÷ Total Equity. Graham favored companies with low leverage. Below 0.5 is conservative; above 2.0 signals significant risk.
✓ Positive growth & earnings
TTM EPS: $16.79
5-Year EPS Growth: 18.8%
Graham required 10+ consecutive years of positive earnings. Consistent, growing earnings signal durable competitive advantage.

⚠ Risk Factors

  • Earnings yield not sufficiently above bond yield
  • Stock price exceeds Graham Number — may be overvalued
  • High P/E ratio suggests premium valuation
  • Current ratio below Graham's 2.0 threshold

About this analysis: Based on Benjamin Graham's margin of safety principles from The Intelligent Investor and Security Analysis. A positive margin of safety indicates the stock may be trading below its estimated intrinsic value.

Financial Health & Signals

Piotroski F-Score, Owner Earnings, Earnings Quality, and Shareholder Yield

Piotroski F-Score

5/8

Moderate financial health — several warning signs present.

Positive ROA ROA = 16.5%
Positive Operating Cash Flow OCF = $136.2B
ROA Improving 17.2% → 16.5%
Cash Flow > Net Income Quality earnings — cash flow backs up reported profits
Leverage Decreasing LT Debt: $42.7B → $40.2B
Current Ratio Improving 1.27x → 1.35x
No Share Dilution Data not available
Gross Margin Improving 69.8% → 68.8%
Asset Turnover Improving 0.48x → 0.46x
Joseph Piotroski's 9-point scoring system for financial strength. Scores of 8–9 signal strong fundamentals; 0–3 suggest weakness.

Owner Earnings (2025)

$42.9B
Net Income $101.8B + D&A 0 − CapEx $64.6B
Buffett's preferred measure: Net Income + Depreciation − CapEx. More honest than reported earnings for capital-intensive businesses.

Earnings Quality (2025)

1.34x OCF / Net Income

Cash flow meaningfully exceeds reported earnings — high quality.

Shareholder Yield (2025)

1.29%
Dividends $24.1B Buybacks $16.4B

Moderate — some capital return.

Dividends + net buybacks as % of market cap — the total cash return to shareholders.

Historical Valuation

Where the current valuation sits within its own 5-year range

P/E 25.3x
25.3x 0th percentile 38.5x
P/B 6.6x
6.6x 0th percentile 15.8x

How to read this: These gauges show where the current P/E and P/B ratios fall within their own -year range. A low percentile suggests the stock is historically cheap on that metric; a high percentile suggests it's historically expensive. Compare with the company's growth trajectory to determine if the valuation is justified.

Margin of Safety Target Price

Set your desired margin of safety to calculate a target buy price

$204.62
Normalized EPS $13.64 × 15x P/E
$416.67
103.6% above intrinsic
Adjust the slider below
0% Margin of Safety: 25% 50%
No margin 15% 25% 33% 50%
25.27x
15x
18.8%

How to use this: The intrinsic value is calculated as Normalized EPS × a fair P/E of 15 (Graham's benchmark for a conservatively valued company). Slide to apply your desired margin of safety — Graham recommended at least 25–33% — and the target buy price will update. Only consider buying when the market price falls to or below your target.

Reverse DCF Calculator

What growth rate is the market pricing in?

Market-Implied Growth Rate
18.82% HIGH

The market expects strong growth. The stock may be fairly valued if the company delivers, but there is limited room for disappointment.

$9.60
$72.0B
10.53%
5% 10% 15% 20%
3.0%
0% 1% 2% 3% 4% 5%
10 years
3 5 10 15 20
Implied Growth Rate — Sensitivity to Discount Rate & Terminal Growth

How to read this: A reverse DCF works backwards from the current stock price to reveal what annual FCF growth rate the market is implicitly assuming. Compare this implied rate against the company's historical growth and your own expectations — if the market expects more growth than you think is realistic, the stock may be overvalued.

ROIC vs. WACC

Return on Invested Capital versus Weighted Average Cost of Capital

Value Creator — ROIC (23.53%) exceeds WACC (10.53%). The company earns more than its cost of capital, and has done so consistently over the past 5 years.
Beta1.11
Cost of Equity10.59%
Cost of Debt6.99%
Effective Tax Rate17.6%
Equity Weight98.7%
Debt Weight1.3%

How to read this: ROIC measures how efficiently a company turns invested capital into profits. WACC is the minimum return investors demand. When ROIC consistently exceeds WACC, management is creating value — a hallmark of a durable competitive advantage (moat). A declining ROIC trending toward WACC may signal moat erosion.

Capital Allocation

How the company has deployed its cash over 5 years

Dividends Share Buybacks Acquisitions CapEx

How to read this: This chart shows how the company allocated capital each fiscal year across four categories. Companies that consistently invest in CapEx and return cash via dividends often signal durable competitive advantages. Heavy share buybacks at elevated valuations can destroy shareholder value.

7 Powers Analysis

Hamilton Helmer's strategic moat framework applied to Microsoft Corp (Technology)

🏰
Wide Moat (Quantitative Only)
5 of 5 measurable powers show strength. Multiple reinforcing competitive advantages detected.
📐 Scale Economies Strong
📊 Quantitative Strong

Operating margin moved from 41.6% to 45.3% over 5 years (+3.7pp).

🤖 Qualitative

Awaiting AI analysis

🌐 Network Effects N/A
📊 Quantitative N/A

Requires non-financial data (user counts, engagement metrics) not available in SEC filings.

🤖 Qualitative

Awaiting AI analysis

♟️ Counter-Positioning N/A
📊 Quantitative N/A

Requires identifying a specific incumbent competitor for comparison — a qualitative judgment.

🤖 Qualitative

Awaiting AI analysis

🔒 Switching Costs Strong
📊 Quantitative Strong

Gross margin volatility 0.4pp (avg 69.0%) with 14.5% 5Y revenue growth.

🤖 Qualitative

Awaiting AI analysis

👑 Branding Moderate
📊 Quantitative Moderate

Gross margin 68.8% vs peers median 75% (0.92x). Inventory turnover 80.4x — strong brand pull.

🤖 Qualitative

Awaiting AI analysis

💎 Cornered Resource Strong
📊 Quantitative Strong

Tangible ROA 21.4% vs peers median 7% (3.2x).

🤖 Qualitative

Awaiting AI analysis

⚙️ Process Power Strong
📊 Quantitative Strong

Avg ROIC 27.2% vs WACC 10.5% (alpha +16.7pp, σ 2.7pp).

🤖 Qualitative

Awaiting AI analysis

Loading AI qualitative analysis...

How to read this: The 7 Powers framework (Hamilton Helmer) identifies seven empirical sources of lasting business value. Each power shows both a quantitative score (from financial data) and a qualitative score (from AI analysis). The combined signal per power takes the more conservative of the two. Network Effects and Counter-Positioning can only be assessed qualitatively. When AI analysis is available, the overall moat signal reflects all 7 powers combined.

Insider Transactions

Open-market purchases and sales by company insiders (past 12 months)

Bearish — Insiders are net sellers — 6 seller(s) vs 1 buyer(s). (1 buys, 15 sells)
Date Insider Type Shares Price
2026-06-01 Judson Althoff Sell 15,500 $460.99
2026-05-14 Amy Coleman Sell 1,262 $411.34
2026-03-06 Kathleen T. Hogan Sell 12,321 $409.52
2026-02-18 John W. Stanton Buy 5,000 $397.35
2025-12-04 Takeshi Numoto Sell 2,850 $478.72
2025-12-02 Judson Althoff Sell 12,750 $491.52

How to read this: Insider buying on the open market is one of the strongest bullish signals — executives are spending their own money because they believe the stock is undervalued. Selling alone is less informative (insiders sell for many reasons), but heavy selling by multiple insiders can signal caution.