Salesforce, Inc. (CRM) P/E Ratio History
Historical price-to-earnings valuation from 2005 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Salesforce, Inc. (CRM) trades at a price-to-earnings ratio of 25.0x, with a stock price of $194.79 and trailing twelve-month earnings per share of $7.93.
The current P/E is 86% below its 5-year average of 176.2x. Over the past five years, CRM's P/E has ranged from a low of 27.2x to a high of 814.2x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, CRM is roughly in line with its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
The PEG ratio of 2.04 (P/E divided by 23% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, CRM trades roughly in line with the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CRM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. CRM and customer engagement software peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
CRMSalesforce, Inc. | $187B | 25.0 | 2.04Best | +23% |
HUBSHubSpot, Inc. | $14B | 307.6 | - | +863%Best |
PEGAPegasystems Inc. | $7B | 20.5 | - | +287% |
CXMSprinklr, Inc. | $1B | 13.2Lowest | - | +144% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Sat Jan 31 2026 00:00:00 GM | $212.29 | $7.80 | 27.2x | -96% |
| FY2026 Q3 | Fri Oct 31 2025 00:00:00 GM | $260.41 | $7.48 | 34.8x | -95% |
| FY2026 Q2 | $258.33 | $6.88 | 37.5x | -94% | |
| FY2026 Q1 | Wed Apr 30 2025 00:00:00 GM | $268.71 | $6.39 | 42.1x | -94% |
| FY2025 Q4 | Fri Jan 31 2025 00:00:00 GM | $341.70 | $6.36 | 53.7x | -92% |
| FY2025 Q3 | $291.37 | $6.08 | 47.9x | -93% | |
| FY2025 Q2 | Wed Jul 31 2024 00:00:00 GM | $258.80 | $5.75 | 45.0x | -93% |
| FY2025 Q1 | $268.94 | $5.56 | 48.4x | -93% | |
| FY2024 Q4 | Wed Jan 31 2024 00:00:00 GM | $281.09 | $4.20 | 66.9x | -90% |
| FY2024 Q3 | $200.83 | $2.63 | 76.3x | -89% | |
| FY2024 Q2 | Mon Jul 31 2023 00:00:00 GM | $225.01 | $1.59 | 141.5x | -79% |
| FY2024 Q1 | Sun Apr 30 2023 00:00:00 GM | $198.37 | $0.38 | 524.4x | -22% |
Average P/E for displayed period: 673.3x
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Start ComparisonFrequently Asked Questions
Is CRM stock overvalued or undervalued?
CRM trades at 25.0x P/E, below its 5-year average of 176.2x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does CRM's valuation compare to peers?
Salesforce, Inc. P/E of 25.0x compares to sector median of 25.2x. The discount suggests lower growth expectations or higher risk.
What is CRM's PEG ratio?
CRM PEG ratio is 2.04. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2005-2026.