CRMSalesforce

$248.72

Is the price fair?

What CRM's price assumes

Salesforce trades at 22.7× earnings against 27.5× for the median Software - Application name, cheaper than its own group.

22.7

Trailing P/E · Software - Application median 27.5 · cheaper than the typical name in its group

Price / sales
3.58

Price / sales · as of 2026-Q2

Free cash flow yield
12%

Free cash flow yield · Software - Application median 6.9%

Growth the price implies
−6.4%

Growth the price implies · The price pays for −6.4% free cash flow growth a year for a decade; the business has delivered +26% a year over the last three.

Details
Price / book2026-Q2
4.48
EV / EBIT2026-Q2
21.0
EV / sales2026-Q2
4.29
Technology median P/E365 names
36.5
Software - Application median P/E93 names
27.5
Free cash flow, trailing twelve months
$15.2B
Market capitalisation
$124.3B
3-year revenue growth
+9.9%
3-year free cash flow growth
+26%
CRM has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 24.6× today against a 60.8× median
52-week range$150.12 – $264.88
Today$248.72

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.