Salesforce, Inc.

NYSE:CRM Stock Report

Market Cap: US$203.9b

Salesforce Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 ($259.43) is trading below our estimate of future cash flow value ($516.16)

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 Ratio22.1x
EarningsUS$9.66b
Market CapUS$203.87b

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 Average39.5x
ADBE Adobe
14.5x9.62%US$105.6b
INTU Intuit
19.8x11.58%US$85.9b
CDNS Cadence Design Systems
55.8x12.73%US$79.7b
SNPS Synopsys
67.9x26.77%US$76.2b
CRM Salesforce
22.1x3.28%US$203.9b

Price-To-Earnings vs Peers: CRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the peer average (39.5x).

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 US Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
FDCT FDCTech
0.9xn/aUS$122.81m
AISP Airship AI Holdings
2.5x-145.21%US$66.81m
IONI I-ON Digital
2.8xn/aUS$3.74m
ESSI Eco Science Solutions
0.2xn/aUS$1.79m
CRM 22.1xIndustry Avg. 30.3xNo. of Companies15PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the US Software industry average (30.3x).

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 Ratio22.1x
Fair PE Ratio35.5x

Price-To-Earnings vs Fair Ratio: CRM is good value based on its Price-To-Earnings Ratio (22.1x) compared to the estimated Fair Price-To-Earnings Ratio (35.5x).

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
CurrentUS$259.43
US$273.37
+5.37%
19.14%US$475.00US$160.00n/a54
Sep ’27US$258.11
US$269.02
+4.23%
19.28%US$475.00US$160.00n/a54
Aug ’27US$184.02
US$241.72
+31.36%
24.55%US$475.00US$160.00n/a53
Jul ’27US$163.23
US$246.44
+50.98%
23.63%US$475.00US$160.00n/a53
Jun ’27US$209.60
US$255.27
+21.79%
23.37%US$475.00US$160.00n/a53
May ’27US$183.82
US$268.25
+45.93%
21.50%US$475.00US$190.00n/a53
Apr ’27US$186.24
US$273.85
+47.04%
21.43%US$475.00US$190.00n/a53
Mar ’27US$194.79
US$282.17
+44.86%
21.92%US$475.00US$190.00n/a53
Feb ’27US$212.29
US$328.52
+54.75%
15.87%US$475.00US$223.00n/a53
Jan ’27US$264.91
US$330.06
+24.59%
16.24%US$475.00US$223.00n/a53
Dec ’26US$232.83
US$327.81
+40.79%
16.36%US$430.00US$221.00n/a51
Nov ’26US$260.41
US$331.81
+27.42%
15.50%US$430.00US$221.00n/a51
Oct ’26US$235.69
US$334.87
+42.08%
15.25%US$430.00US$221.00n/a51
Sep ’26US$256.25
US$344.62
+34.49%
14.09%US$440.00US$225.00US$258.1151
Aug ’26US$250.74
US$351.45
+40.17%
12.69%US$440.00US$225.00US$184.0252
Jul ’26US$271.91
US$350.30
+28.83%
12.87%US$440.00US$225.00US$163.2353
Jun ’26US$265.37
US$354.17
+33.46%
13.62%US$442.00US$225.00US$209.6051
May ’26US$269.33
US$361.12
+34.08%
14.83%US$442.00US$200.00US$183.8249
Apr ’26US$270.20
US$373.38
+38.19%
12.61%US$442.00US$243.00US$186.2450
Mar ’26US$297.85
US$379.68
+27.47%
12.50%US$442.00US$243.00US$194.7948
Feb ’26US$341.70
US$397.04
+16.20%
11.01%US$450.00US$247.00US$212.2947
Jan ’26US$334.33
US$397.32
+18.84%
10.16%US$450.00US$286.00US$264.9147
Dec ’25US$329.99
US$348.94
+5.74%
13.45%US$450.00US$236.00US$232.8345
Nov ’25US$294.72
US$314.42
+6.69%
10.80%US$415.00US$236.00US$260.4144
Oct ’25US$270.87
US$309.68
+14.33%
9.96%US$390.00US$236.00US$235.6945
Sep ’25US$252.90
US$308.19
+21.86%
10.15%US$390.00US$236.00US$256.2545
US$273.37
Fair Value
5.1% 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 Analysis2026/09/14 03:38
End of Day Share Price 2026/09/14 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 84 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