Salesforce, Inc. (CRM)

NYSE: CRM · USD

$242

+1.59 (+0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-21

Our latest published analysis: CRM rated Hold

Salesforce, Inc.'s published Hold conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$221 / share

Potential value

$254 / share

Upside to FV

-7.0%

from $242

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$195.8B
Revenue (ttm)	43.9B
Net income (ttm)	9.7B
EPS (ttm)	$10.8
Shares out	823M
P/E (trailing)	22.5x
P/E (forward)	14.3x
Dividend	$1.76 (0.73%)
Volume	4,336,417
Beta	1.26

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 43.9B
Net income (ttm): 9.7B
EPS (ttm): $10.8
P/E (trailing): 22.5x
P/E (forward): 14.3x
Market cap: $195.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-01-31	2023-01-31	2024-01-31	2025-01-31	2026-01-31	Trend
Revenue	$26.49B	$31.35B	$34.86B	$37.90B	$41.53B	+11.9%
Gross profit	$19.47B	$22.99B	$26.32B	$29.25B	$32.26B	+13.5%
Operating income	$548.0M	$1.03B	$5.01B	$7.21B	$8.33B	+97.5%
Net income	$1.44B	$208.0M	$4.14B	$6.20B	$7.46B	+50.7%
EPS (diluted)	$1.48	$0.21	$4.20	$6.36	$7.80	+51.5%
EBITDA	$2.64B	$6.71B	$9.22B	$11.14B	$13.15B	+49.5%
R&D	$4.47B	$5.06B	$4.91B	$5.49B	$5.99B	+7.6%
SG&A	$2.60B	$2.55B	$2.53B	$2.84B	$3.00B	+3.7%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	卖出
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	卖出
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	强力买入
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	持有
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	卖出
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	卖出

Base and Bull scenarios

Base60%

Price target

$220.82

-7.0% from spot

The modal path assumes Salesforce compounds subscription revenue at a steady pace while expanding operating margins toward long-term targets. This requires stable multi-cloud renewals, disciplined overhead management, and sustained low customer attrition across Sales and Service clouds. The path is confirmed by ongoing contract length stability, while deceleration in constant-currency subscription expansion would disconfirm the thesis by the end of the fiscal year.

Steady enterprise cloud renewal rates with low customer attrition
Gradual operating margin expansion supported by sales productivity
Consistent share repurchases offsetting ongoing equity compensation dilution

Bull20%

Price target

$254.06

+7.0% from spot

The optimistic outcome requires rapid customer adoption of autonomous agents, driving consumption credit refills on top of the established seat base. Operating margins surpass guided levels as new account executives achieve rapid quota productivity without proportionate cost inflation. The catalyst is validated if second-half bookings sustain triple-digit expansion, whereas a stagnation in usage credit consumption would disconfirm the acceleration by the upcoming annual report.

Accelerated enterprise adoption of Agentforce driving consumption credit refills
Rapid quota ramp for newly hired account executives lifting revenue productivity
Operating margin expansion exceeding guided thresholds

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($220.82). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
8.0%	$256	$266	$278	$292	$310
9.0%	$231	$237	$245	$254	$266
10.0%	$210	$215	$221	$227	$235
11.0%	$194	$198	$202	$206	$212
12.0%	$180	$183	$186	$190	$194

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E14.3

P25 n/aP50 n/aP75 n/a

Trailing P/E21.8

P25 n/aP50 n/aP75 n/a

ROE19.4

P25 n/aP50 n/aP75 n/a

ROIC11

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CRM indicators

Market & fundamental data

Available fields

289

Groups with data

Currency

USD

Showing 289 of 289 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001108524
Company name	Salesforce, Inc.
Country	United States
Country code	US
CUSIP number	79466L302
Earnings date	2026-12-02
Earnings time	amc
Employees	83,334
Employees change	6,881
Employees growth	9%
Enterprise value	$230.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-07-31
First seen	2026-05-09
Fiscal year end	January
Founded	1999
In index	SP500, DOW30
Industry	Software - Application
IPO date	2004-06-23
Is primary listing	Yes
Is SPAC	No
ISIN number	US79466L3024
Last 10-K release date	2026-03-02
Last earnings date	2026-08-26
Last refreshed	2026-10-28
Last stock split date	2013-04-18
Last stock split type	Forward
Market cap	$199.6B
Market cap category	Large-Cap
Next earnings date	2026-12-02
Options	Yes
Price	$242.48
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	CRM
U.S. state	California
Website	https://www.salesforce.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	14.4x
Average P/E ratio (10Y)	201.84x
Average P/E ratio (3Y)	42.19x
Average P/E ratio (5Y)	169.28x
Earnings yield	4.45%
EV/Earnings	23.73x
EV/EBIT	24.25x
EV/EBITDA	17.78x
EV/FCF	15.13x
EV/Sales	5.22x
FCF / EV yield	6.61%
FCF yield	7.64%
Forward EV/Sales	4.73x
Forward P/E	16.41x
Forward P/S	4.09x
Graham number	106.40702
Graham upside	-55.85%
Industry forward P/E	19.37x
Industry P/E	71.33x
Lynch fair value	$269.78
Lynch upside	11.94%
P/(FCF - SBC) ratio	17.26x
P/(OCF - SBC) ratio	16.41x
P/B ratio	5.17x
P/E ratio	22.47x
P/FCF ratio	13.09x
P/OCF ratio	12.59x
P/S ratio	4.51x
PEG ratio	0.93x
Price/EBITDA ratio	15.38x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	21.52%
EBITDA margin	29.36%
Effective tax rate	22.16%
FCF margin	34.49%
Gross margin	77.28%
Operating margin	21.52%
Pretax margin	28.25%
Profit margin	21.99%
Profit per employee	$115,943
Profitable quarters	14
Profitable years	10
Revenue per employee	$527,252
ROA	5.7%
ROA (5Y)	3.06%
ROCE	11.35%
ROE	19.38%
ROE (5Y)	6.58%
ROIC	10.96%
ROIC (5Y)	6.45%
SBC / revenue	8.34%
Tax / revenue	6.26%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	56.82%
EPS growth (Q)	118.88%
EPS growth (QoQ)	77.27%
EPS growth 10Y	42.01%
EPS growth 3Y	89.1%
EPS growth 5Y	34.01%
EPS growth quarters	14
EPS growth years	3
FCF growth	21.26%
FCF growth (Q)	81.49%
FCF growth (QoQ)	-83.25%
FCF growth 3Y	26.08%
FCF growth 5Y	22.6%
Gross profit growth	10.7%
Gross profit growth (Q)	8.78%
Gross profit growth 3Y	11.27%
Gross profit growth 5Y	14.18%
Net income growth	45.01%
Net income growth (Q)	86.86%
Net income growth (QoQ)	67.35%
Net income growth 3Y	82.94%
Net income growth 5Y	32.66%
Net income growth quarters	14
Net income growth years	3
OCF growth	19.6%
OCF growth (Q)	71.49%
OCF growth (QoQ)	-81.06%
OCF growth 10Y	23.33%
OCF growth 3Y	23.31%
OCF growth 5Y	20.78%
Operating income growth	12.81%
Operating income growth (Q)	3.81%
Operating income growth 3Y	30.11%
Operating income growth 5Y	53.68%
Revenue growth	11.23%
Revenue growth (Q)	10.83%
Revenue growth (QoQ)	1.9%
Revenue growth 10Y	19.38%
Revenue growth 3Y	9.93%
Revenue growth 5Y	13.29%
Revenue growth quarters	90
Revenue growth years	24

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-596M
Depreciation and amortization	$3.4B
EBIT	$9.5B
EBITDA	$12.9B
EPS	$10.79
FCF per share	$18.41
Financing cash flow	$-6.2B
Free cash flow	$15.2B
Free cash flow minus SBC	$11.5B
Gross profit	$34B
Income taxes	$2.8B
Investing cash flow	$-11.6B
Net borrowing	$30.2B
Net cash flow	$-2.1B
Net income	$9.7B
Operating cash flow minus SBC	$12.1B
Operating income	$9.5B
Revenue	$43.9B
Stock-based compensation	$3.7B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.62
Book value per share	$46.63
Debt / EBITDA	3.14
Debt / equity	1.1
Debt / FCF	2.8
Goodwill	$59.3B
Interest coverage	9.42
Long-term assets	$87.5B
Long-term liabilities	$44.9B
Net cash (debt)	$-31B
Net cash / market cap	-15.62%
Net debt / EBITDA	2.4
Net debt / equity	0.81
Net debt / FCF	2.04
Piotroski F-Score	5
Property, plant and equipment	$4.8B
Shareholders' equity	$38.4B
Tangible book value	$-27B
Tangible book value per share	$-32.82
Total assets	$109.6B
Total cash	$11.4B
Total debt	$42.4B
Total liabilities	$71.2B
WACC	9.52%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.42
Current assets	$22.1B
Current liabilities	$26.3B
Current ratio	0.84
Net working capital	$-15B
Quick ratio	0.67
Working capital	$-4.3B
Working capital turnover	-60.44

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	7.44%
Dividend growth	5.34%
Dividend growth years	1
Dividend payment date	2026-10-08
Dividend payment years	3
Dividend payout frequency	Quarterly
Dividend per share	$1.76
Dividend yield	0.73%
Ex-dividend date	2026-09-17
FCF payout ratio	9.56%
Last dividend	$0.44
Payout ratio	16.31%
Shareholder yield	8.17%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	221.88%
10Y return CAGR	12.62%
10Y total return	228.02%
150-day SMA	$197.32
15Y price change	621.57%
15Y return CAGR	14.23%
15Y total return	635.34%
1D price change	0.66%
1M price change	2.8%
1M total return	2.8%
1W price change	-0.77%
1W total return	-0.77%
1Y price change	-5.83%
1Y return CAGR	-5.04%
1Y total return	-5.03%
20-day SMA	$237.88
200-day SMA	$198.41
20Y price change	2,298.98%
20Y return CAGR	17.33%
20Y total return	2,344.9%
3M price change	38.58%
3M total return	38.82%
3Y price change	22.38%
3Y return CAGR	7.64%
3Y total return	24.72%
50-day SMA	$237.90
50-day SMA vs 200-day SMA	50over200
52-week high	$269.11
52-week high date	2025-12-29
52-week low	$146.32
52-week low date	2026-06-22
5Y price change	-18.49%
5Y return CAGR	-3.64%
5Y total return	-16.94%
6M price change	33.52%
6M total return	34.1%
All-time high	$369.00
All-time high date	2024-12-04
All-time low	$2.25
All-time low date	2004-08-16
Average true range (ATR)	$8.54
Average volume	6.9M
Beta (1Y)	0.7
Beta (2Y)	1.08
Beta (5Y)	1.26
Change from 52-week high	-9.9%
Change from 52-week low	65.72%
Change from all-time high	-34.8%
Change from all-time low	10,592%
Change from open	2.09%
Day's gap	-1.4%
Dollar volume	$1.1B
High price	$244.50
Low price	$237.51
Monthly RSI	51.46
Open price	$237.51
Position in 52-week range	71.1%
Premarket change	-1.43%
Premarket close	$240.89
Premarket price	$237.44
Premarket volume	33.9K
Previous close	$240.89
Price vs 150-day SMA	21.92%
Price vs 20-day SMA	1.13%
Price vs 200-day SMA	21.25%
Price vs 50-day SMA	1.12%
Relative volume	0.63
RSI	52.17
Sharpe ratio	0.03
Sharpe ratio (3Y)	0.26
Sharpe ratio (5Y)	0.01
Sortino ratio	0.19
Sortino ratio (3Y)	0.54
Sortino ratio (5Y)	0.16
Volume	4.3M
Weekly RSI	58.91
YTD price change	-9.19%
YTD total return	-8.57%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	797.5M
Float percentage	96.91%
Shares change (QoQ)	-5.74%
Shares change (YoY)	-7.44%
Shares held by insiders	2.96%
Shares held by institutions	87.03%
Shares outstanding	823M
Short % of float	4.12%
Short % of shares	4%
Short ratio	2.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	313

Deeper analysis on CRM

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CRM report

What is the latest published CRM stock rating?

Salesforce, Inc. is shown with Hold in the latest published report, analyzed 2026-09-21. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CRM analysis?

The full latest published report, analyzed 2026-09-21, lives at /stocks/CRM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CRM?

The latest published report analyzed 2026-09-21 gives CRM a fair value of USD 221 and a potential value of USD 254. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CRM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-21). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

HoldCRM · Fair value $221-7.0%

Read full analysis →

Salesforce, Inc. (CRM)

Our latest published analysis: CRM rated Hold

Price

Financial snapshot

Fair-value bridge

Latest news · CRM

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CRM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on CRM

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	4.5
Management	8.5
Balance Sheet	3.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	4.5
Competitive Moat	9.0
Earnings Quality	9.0
Capital Efficiency	5.5