Salesforce, Inc.

SWX:CRM Stock Report

Market Cap: CHF 163.3b

Salesforce Valuation

Is CRM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CRM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CRM (CHF201.9) is trading below our estimate of future cash flow value (CHF492.17)

Significantly Below Future Cash Flow Value: CRM is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRM?

Key metric: As CRM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CRM. This is calculated by dividing CRM's market cap by their current earnings.
What is CRM's PE Ratio?
PE Ratio21.1x
EarningsUS$9.66b
Market CapUS$199.99b

Price to Earnings Ratio vs Peers

How does CRM's PE Ratio compare to its peers?

The above table shows the PE ratio for CRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
TEMN Temenos
29.7x12.06%CHF 4.7b
SAP SAP
26.2x11.70%€204.6b
ADBE Adobe
13.8x9.46%US$98.9b
INTU Intuit
18.8x11.58%US$86.0b
CRM Salesforce
21.1x3.28%CHF 200.0b

Price-To-Earnings vs Peers: CRM is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (22.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CRM's PE Ratio compare vs other companies in the European Software Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CRM 21.1xIndustry Avg. 22.3xNo. of Companies29PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRM is good value based on its Price-To-Earnings Ratio (21.1x) compared to the European Software industry average (22.3x).

Price to Earnings Ratio vs Fair Ratio

What is CRM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CRM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CRM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 201.90
CHF 223.24
+10.57%
19.14%CHF 387.90CHF 130.66n/a54
Sep ’27CHF 209.20
CHF 218.29
+4.34%
19.28%CHF 385.42CHF 129.83n/a54
Aug ’27CHF 146.20
CHF 197.44
+35.05%
24.55%CHF 387.98CHF 130.69n/a53
Jul ’27CHF 133.04
CHF 199.46
+49.92%
23.63%CHF 384.45CHF 129.50n/a53
Jun ’27CHF 164.47
CHF 200.80
+22.09%
23.37%CHF 373.64CHF 125.86n/a53
May ’27CHF 139.77
CHF 209.69
+50.03%
21.50%CHF 371.30CHF 148.52n/a53
Apr ’27CHF 148.63
CHF 217.64
+46.43%
21.43%CHF 377.50CHF 151.00n/a53
Mar ’27CHF 149.10
CHF 216.93
+45.49%
21.92%CHF 365.17CHF 146.07n/a53
Feb ’27CHF 163.58
CHF 253.94
+55.24%
15.87%CHF 367.18CHF 172.38n/a53
Jan ’27CHF 208.97
CHF 262.12
+25.43%
16.24%CHF 377.22CHF 177.09n/a53
Dec ’26CHF 187.51
CHF 263.83
+40.70%
16.36%CHF 346.08CHF 177.87n/a51
Nov ’26n/a
CHF 266.17
0%
15.50%CHF 344.93CHF 177.28n/a51
Oct ’26n/a
CHF 267.07
0%
15.25%CHF 342.94CHF 176.25n/a51
Sep ’26n/a
CHF 275.75
0%
14.09%CHF 352.07CHF 180.04CHF 209.2051
Aug ’26n/a
CHF 285.99
0%
12.69%CHF 358.04CHF 183.09CHF 146.2052
Jul ’26n/a
CHF 277.57
0%
12.87%CHF 348.64CHF 178.28CHF 133.0453
Jun ’26n/a
CHF 291.39
0%
13.62%CHF 363.65CHF 185.11CHF 164.4751
May ’26n/a
CHF 298.03
0%
14.83%CHF 364.78CHF 165.06CHF 139.7749
Apr ’26n/a
CHF 330.26
0%
12.61%CHF 390.95CHF 214.94CHF 148.6350
Mar ’26n/a
CHF 342.78
0%
12.50%CHF 399.05CHF 219.39CHF 149.1048
Feb ’26n/a
CHF 360.21
0%
11.01%CHF 408.26CHF 224.09CHF 163.5847
Jan ’26n/a
CHF 357.05
0%
10.16%CHF 404.40CHF 257.02CHF 208.9747
Dec ’25n/a
CHF 307.22
0%
13.45%CHF 396.21CHF 207.79CHF 187.5145
Nov ’25n/a
CHF 271.94
0%
10.80%CHF 358.93CHF 204.12n/a44
Oct ’25n/a
CHF 261.88
0%
9.96%CHF 329.80CHF 199.57n/a45
Sep ’25n/a
CHF 262.03
0%
10.15%CHF 331.58CHF 200.65n/a45
CHF 222.81
Fair Value
9.4% undervalued intrinsic discount
54
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 21:31
End of Day Share Price 2026/09/11 00:00
Earnings2026/07/31
Annual Earnings2026/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Salesforce, Inc. is covered by 83 analysts. 53 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kadambari DaptardarAccountability Research Corporation
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company