24 years of historical data (2003–2026) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Salesforce, Inc. trades at 25.0x earnings, 89% below its 5-year average of 221.0x, sitting at the 0th percentile of its historical range. This is roughly in line with the Technology sector median P/E of 25.2x. On a free-cash-flow basis, the stock trades at 13.0x P/FCF, 53% 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 | $187.4B | $202.9B | $332.8B | $276.6B | $167.5B | $226.6B | $209.8B | $155.0B | $117.8B | $83.7B | $55.4B |
| Enterprise Value | $186.8B | $202.4B | $335.4B | $280.7B | $174.5B | $235.1B | $209.9B | $156.7B | $118.3B | $83.6B | $56.6B |
| P/E Ratio → | 24.97 | 27.22 | 53.73 | 66.93 | 799.86 | 157.18 | 51.50 | 1215.40 | 106.27 | 670.06 | 304.23 |
| P/S Ratio | 4.51 | 4.89 | 8.78 | 7.94 | 5.34 | 8.55 | 9.87 | 9.06 | 8.87 | 7.98 | 6.60 |
| P/B Ratio | 3.15 | 3.43 | 5.44 | 4.64 | 2.87 | 3.90 | 5.06 | 4.57 | 7.55 | 8.06 | 7.38 |
| P/FCF | 13.01 | 14.09 | 26.77 | 29.12 | 26.53 | 42.89 | 51.28 | 42.02 | 42.02 | 37.97 | 32.61 |
| P/OCF | 12.50 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Salesforce, Inc.'s enterprise value stands at 20.9x EBITDA, 44% below its 5-year average of 37.1x. The Technology sector median is 15.7x, placing the stock at a 33% premium 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 | — | 4.87 | 8.85 | 8.05 | 5.57 | 8.87 | 9.87 | 9.16 | 8.91 | 7.98 | 6.74 |
| EV / EBITDA | 20.95 | 22.69 | 31.39 | 34.10 | 36.24 | 61.13 | 63.57 | 64.43 | 77.97 | 67.56 | 66.56 |
| EV / EBIT | 20.95 | 22.69 | 43.75 | 46.79 | 93.94 | 429.02 | 461.22 | 338.42 | 221.09 | 184.22 | 211.09 |
| EV / FCF | — | 14.05 | 26.97 | 29.55 | 27.65 | 44.50 | 51.30 | 42.49 | 42.20 | 37.95 | 33.31 |
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 10.9% represents solid returns on invested capital.
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% |
| 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 | 10.9% | 10.9% | 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% |
Solvency and debt-coverage ratios — lower is generally safer
Salesforce, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (75% below the sector average of 3.0x). The company holds a net cash position — cash of $7.3B exceeds total debt of $6.7B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.19 | 0.21 | 0.24 | 0.24 | 0.15 | 0.17 | 0.23 | 0.24 | 0.37 |
| Debt / EBITDA | 0.76 | 0.76 | 1.07 | 1.53 | 2.93 | 3.64 | 1.90 | 2.41 | 2.36 | 2.02 | 3.28 |
| Net Debt / Equity | — | -0.01 | 0.04 | 0.07 | 0.12 | 0.15 | 0.00 | 0.05 | 0.03 | -0.00 | 0.16 |
| Net Debt / EBITDA | -0.07 | -0.07 | 0.24 | 0.50 | 1.47 | 2.22 | 0.03 | 0.71 | 0.33 | -0.03 | 1.39 |
| Debt / FCF | — | -0.04 | 0.20 | 0.43 | 1.12 | 1.61 | 0.02 | 0.47 | 0.18 | -0.02 | 0.70 |
| Interest Coverage | — | — | 26.49 | — | 3.59 | 2.49 | 3.61 | 2.27 | 3.47 | 5.22 | 2.45 |
Net cash position: cash ($7.3B) exceeds total debt ($6.7B)
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Salesforce, Inc. returns 7.6% to shareholders annually — split between a 0.9% dividend yield and 6.7% buyback yield. The payout ratio of 21.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 0.9% | 0.8% | 0.5% | — | — | — | — | — | — | — | — |
| Payout Ratio | 21.3% | 21.3% | 24.8% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 3.7% | 1.9% | 1.5% | 0.1% | 0.6% | 1.9% | 0.1% | 0.9% | 0.1% | 0.3% |
| FCF Yield | 7.7% | 7.1% | 3.7% | 3.4% | 3.8% | 2.3% | 2.0% | 2.4% | 2.4% | 2.6% | 3.1% |
| Buyback Yield | 6.7% | 6.2% | 2.4% | 2.8% | 2.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.6% | 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 |
Compare CRM with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| CRMYou | $187B | 25.0 | 20.9 | 13.0 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
| HUBS | $14B | 307.6 | 1787.8 | 19.5 | 83.8% | 0.2% | 4.7% | 0.3% | 35.5 |
| PEGA | $7B | 20.5 | 27.8 | 14.8 | 75.9% | 15.1% | 57.3% | 27.5% | 0.2 |
| FRSH | $2B | -24.4 | — | 16.3 | 84.3% | -19.2% | -8.6% | -17.8% | — |
| CXM | $1B | 13.2 | 31.3 | 19.9 | 72.1% | 3.0% | 18.8% | 3.4% | 1.1 |
| BRZE | $189M | -18.6 | — | 8.1 | 69.1% | -20.6% | -22.6% | -19.4% | — |
| HTCR | $6M | -3.8 | 9.7 | — | 58.6% | 0.2% | -26.6% | 0.6% | 4.6 |
| IFBD | $5M | -0.9 | — | — | 41.2% | -120.6% | -3.4% | -2.2% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 24 years · Updated daily
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Start ComparisonSalesforce, Inc.'s current P/E ratio is 25.0x. The historical average is 100.5x.
Salesforce, Inc.'s current EV/EBITDA is 20.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 53.3x.
Salesforce, Inc.'s return on equity (ROE) is 12.4%. The historical average is 4.1%.
Based on historical data, Salesforce, Inc. is trading at a P/E of 25.0x. Compare with industry peers and growth rates for a complete picture.
Salesforce, Inc.'s current dividend yield is 0.85% with a payout ratio of 21.3%.
Salesforce, Inc. has 77.7% gross margin and 21.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Salesforce, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.