Salesforce, Inc. (CRM) Financial Ratios
24 years of historical data (2003–2026) · Technology · Software - Application
EV/EBITDA
↓
10.69
↓-70% vs avg
5yr avg: 35.96
30Y Low17.0·High78.0
P/FCF
↓
8.63
↓-69% vs avg
5yr avg: 27.88
30Y Low14.1·High196.3
P/B Ratio
↓
2.45
↓-40% vs avg
5yr avg: 4.06
30Y Low2.9·High24.5
ROE
↑
12.4%
↓+88% vs avg
5yr avg: 6.6%
30Y Low-13%·High16%
Debt/EBITDA
↓
1.37
↓-35% vs avg
5yr avg: 2.11
30Y Low0.0·High30.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Salesforce, Inc. trades at 19.5x earnings, 91% below its 5-year average of 221.0x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 33%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 69% below the 5-year average of 27.9x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $124.3B | $202.9B | $332.8B | $276.6B | $167.5B | $226.6B | $209.8B | $155.0B | $117.8B | $83.7B | $55.4B |
| Enterprise Value | $134.2B | $212.8B | $335.4B | $280.7B | $174.5B | $235.1B | $209.9B | $156.7B | $118.3B | $83.6B | $56.6B |
| P/E Ratio → | 19.46 | 27.22 | 53.73 | 66.93 | 799.86 | 157.18 | 51.50 | 1215.40 | 106.27 | 670.06 | 304.23 |
| P/S Ratio | 2.99 | 4.89 | 8.78 | 7.94 | 5.34 | 8.55 | 9.87 | 9.06 | 8.87 | 7.98 | 6.60 |
| P/B Ratio | 2.45 | 3.43 | 5.44 | 4.64 | 2.87 | 3.90 | 5.06 | 4.57 | 7.55 | 8.06 | 7.38 |
| P/FCF | 8.63 | 14.09 | 26.77 | 29.12 | 26.53 | 42.89 | 51.28 | 42.02 | 42.02 | 37.97 | 32.61 |
| P/OCF | 8.29 | 13.53 | 25.42 | 27.03 | 23.55 | 37.76 | 43.69 | 35.78 | 34.66 | 30.56 | 25.62 |
P/E links to full P/E history page with 30-year chart
CRM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Salesforce, Inc.'s enterprise value stands at 10.7x EBITDA, 70% below its 5-year average of 36.0x. The Technology sector median is 16.7x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.12 | 8.85 | 8.05 | 5.57 | 8.87 | 9.87 | 9.16 | 8.91 | 7.98 | 6.74 |
| EV / EBITDA | 10.69 | 16.96 | 31.39 | 34.10 | 36.24 | 61.13 | 63.57 | 64.43 | 77.97 | 67.56 | 66.56 |
| EV / EBIT | 15.05 | 22.35 | 43.75 | 46.79 | 93.94 | 429.02 | 461.22 | 338.42 | 221.09 | 184.22 | 211.09 |
| EV / FCF | — | 14.78 | 26.97 | 29.55 | 27.65 | 44.50 | 51.30 | 42.49 | 42.20 | 37.95 | 33.31 |
CRM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Salesforce, Inc. earns an operating margin of 21.5%. Operating margins have expanded from 14.4% to 21.5% over the past 3 years, signaling improving operational efficiency. ROE of 12.4% is modest. ROIC of 10.1% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.7% | 77.7% | 77.2% | 75.5% | 73.3% | 73.5% | 74.4% | 75.2% | 74.0% | 74.1% | 73.9% |
| Operating Margin | 21.5% | 21.5% | 19.0% | 14.4% | 3.3% | 2.1% | 2.1% | 1.7% | 4.0% | 4.3% | 2.6% |
| Net Profit Margin | 18.0% | 18.0% | 16.4% | 11.9% | 0.7% | 5.5% | 19.2% | 0.7% | 8.4% | 3.4% | 3.8% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.4% | 12.4% | 10.3% | 7.0% | 0.4% | 2.9% | 10.8% | 0.5% | 8.5% | 4.0% | 5.2% |
| ROA | 6.9% | 6.9% | 6.1% | 4.2% | 0.2% | 1.8% | 6.7% | 0.3% | 4.2% | 1.8% | 2.1% |
| ROIC | 10.1% | 10.1% | 8.5% | 5.8% | 1.2% | 0.8% | 0.9% | 0.9% | 3.0% | 3.6% | 2.2% |
| ROCE | 11.9% | 11.9% | 9.7% | 6.9% | 1.4% | 0.9% | 1.0% | 1.0% | 3.4% | 4.1% | 2.5% |
CRM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Salesforce, Inc. carries a Debt/EBITDA ratio of 1.4x, which is manageable (53% below the sector average of 2.9x). Net debt stands at $9.8B ($17.2B total debt minus $7.3B cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.19 | 0.21 | 0.24 | 0.24 | 0.15 | 0.17 | 0.23 | 0.24 | 0.37 |
| Debt / EBITDA | 1.37 | 1.37 | 1.07 | 1.53 | 2.93 | 3.64 | 1.90 | 2.41 | 2.36 | 2.02 | 3.28 |
| Net Debt / Equity | — | 0.17 | 0.04 | 0.07 | 0.12 | 0.15 | 0.00 | 0.05 | 0.03 | -0.00 | 0.16 |
| Net Debt / EBITDA | 0.78 | 0.78 | 0.24 | 0.50 | 1.47 | 2.22 | 0.03 | 0.71 | 0.33 | -0.03 | 1.39 |
| Debt / FCF | — | 0.68 | 0.20 | 0.43 | 1.12 | 1.61 | 0.02 | 0.47 | 0.18 | -0.02 | 0.70 |
| Interest Coverage | — | — | 28.18 | — | 6.47 | 2.49 | 3.61 | 3.53 | 3.47 | 5.22 | 3.01 |
CRM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.76x is below 1.0, meaning current liabilities exceed current assets — though the company's $7.3B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.09x to 0.76x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.76 | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | 0.95 | 0.95 | 0.82 |
| Quick Ratio | 0.76 | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | 0.95 | 0.95 | 0.82 |
| Cash Ratio | 0.26 | 0.26 | 0.50 | 0.53 | 0.48 | 0.48 | 0.67 | 0.54 | 0.39 | 0.45 | 0.30 |
| Asset Turnover | — | 0.37 | 0.37 | 0.35 | 0.32 | 0.28 | 0.32 | 0.31 | 0.43 | 0.48 | 0.48 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 126.04 | 115.05 | 119.52 | 125.21 | 134.18 | 133.72 | 131.80 | 135.32 | 136.56 | 140.52 |
CRM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Salesforce, Inc. returns 11.2% to shareholders annually — split between a 1.1% dividend yield and 10.1% buyback yield. The payout ratio of 21.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 0.8% | 0.5% | — | — | — | — | — | — | — | — |
| Payout Ratio | 21.3% | 21.3% | 24.8% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 3.7% | 1.9% | 1.5% | 0.1% | 0.6% | 1.9% | 0.1% | 0.9% | 0.1% | 0.3% |
| FCF Yield | 11.6% | 7.1% | 3.7% | 3.4% | 3.8% | 2.3% | 2.0% | 2.4% | 2.4% | 2.6% | 3.1% |
| Buyback Yield | 10.1% | 6.2% | 2.4% | 2.8% | 2.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 11.2% | 7.0% | 2.8% | 2.8% | 2.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $956M | $974M | $984M | $997M | $974M | $930M | $850M | $775M | $735M | $700M |
Peer Comparison
Compare CRM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CRMYou | $124B | 19.5 | 10.7 | 8.6 | 77.7% | 21.5% | 12.4% | 10.1% | 1.4 |
 SAP | $181B | 22.6 | 14.1 | 19.9 | 73.8% | 26.7% | 15.5% | 16.0% | 0.7 |
 ORCL | $530B | 31.6 | 22.8 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 NOW | $98B | 56.9 | 38.2 | 21.5 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 WDAY | $31B | 45.3 | 24.0 | 11.0 | 75.7% | 10.7% | 8.2% | 7.3% | 2.8 |
 ADBE | $78B | 11.7 | 8.3 | 7.9 | 88.6% | 36.6% | 55.4% | 51.4% | 0.7 |
 HUBS | $9B | 204.7 | 49.0 | 12.7 | 83.8% | 0.4% | 2.3% | 0.4% | 2.8 |
 DDOG | $79B | 743.3 | 1030.2 | 79.3 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
 VEEV | $25B | 28.2 | 19.7 | 18.0 | 75.5% | 28.7% | 13.9% | 12.9% | 0.1 |
 INTU | $73B | 19.5 | 13.4 | 12.0 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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CRM — Frequently Asked Questions
Quick answers to the most common questions about buying CRM stock.
What is Salesforce, Inc.'s P/E ratio?
Salesforce, Inc.'s current P/E ratio is 19.5x. The historical average is 100.5x.
What is Salesforce, Inc.'s EV/EBITDA?
Salesforce, Inc.'s current EV/EBITDA is 10.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 52.9x.
What is Salesforce, Inc.'s ROE?
Salesforce, Inc.'s return on equity (ROE) is 12.4%. The historical average is 4.1%.
Is CRM stock overvalued?
Based on historical data, Salesforce, Inc. is trading at a P/E of 19.5x. Compare with industry peers and growth rates for a complete picture.
What is Salesforce, Inc.'s dividend yield?
Salesforce, Inc.'s current dividend yield is 1.09% with a payout ratio of 21.3%.
What are Salesforce, Inc.'s profit margins?
Salesforce, Inc. has 77.7% gross margin and 21.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Salesforce, Inc. have?
Salesforce, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.