Question 1

What is Salesforce's EV/EBITDA ratio?

Accepted Answer

Salesforce (CRM) EV/EBITDA ratio is 12.3× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Salesforce?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Salesforce specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

Is Salesforce's EV/EBITDA ratio high or low?

Accepted Answer

Salesforce's EV/EBITDA ratio of 12.3× is below its own 5-year average of 30.1× and below the sector median of 20.3×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Salesforce's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Salesforce (CRM) EV/EBITDA ratio has ranged from a low of 11.5× in 2026 to a high of 421.2× in 2014. The 5-year average is 30.1× and the 5-year median is 26.3×.

Question 7

What was Salesforce's EV/EBITDA ratio in 2026?

Accepted Answer

Salesforce (CRM) EV/EBITDA ratio at the end of 2026 was 16.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Salesforce's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$198B	$12.7B	16.2×	-13.0×	Jan 31, 2026
2025	$328B	$11.1B	29.2×	+2.0×	Jan 31, 2025
2024	$273B	$9.96B	27.2×	-1.5×	Jan 31, 2024
2023	$165B	$5.82B	28.7×	-20.1×	Jan 31, 2023
2022	$229B	$4.77B	48.8×	-12.9×	Jan 31, 2022
2021	$209B	$3.3B	61.7×	-3.0×	Jan 31, 2021
2020	$162B	$2.48B	64.6×	+0.9×	Jan 31, 2020
2019	$116B	$1.81B	63.8×	-7.6×	Jan 31, 2019
2018	$82.5B	$1.13B	71.4×	-3.6×	Jan 31, 2018
2017	$55.4B	$747M	75.0×	+9.6×	Jan 31, 2017
2016	$44B	$663M	65.4×	-55.1×	Jan 31, 2016
2015	$36B	$308M	120.5×	-300.6×	Jan 31, 2015
2014	$35.7B	$88.7M	421.2×	+215.0×	Jan 31, 2014
2013	$25B	$120M	206.2×	+95.6×	Jan 31, 2013
2012	$15.8B	$141M	110.6×	+28.5×	Jan 31, 2012
2011	$16.8B	$205M	82.0×	+48.1×	Jan 31, 2011
2010	$8.11B	$216M	33.9×	+14.2×	Jan 31, 2010
2009	$3.22B	$129M	19.7×	-123.0×	Jan 31, 2009
2008	$6.07B	$39.3M	142.7×	-2.1×	Jan 31, 2008
2007	$4.93B	$32.3M	144.8×	-14.8×	Jan 31, 2007
2006	$4.4B	$26.3M	159.5×	+101.0×	Jan 31, 2006
2005	$1.03B	$15.7M	58.6×	—	Jan 31, 2005
2004	$509M	-$5.97M	—	—	Jan 31, 2004


Super Micro Computer (SMCI)	10.8×
Adobe (ADBE)	10.6×
Dell Technologies (DELL)	10.6×
NetApp (NTAP)	10.5×
PTC (PTC)	10.2×
Qorvo (QRVO)	10.2×
GoDaddy (GDDY)	10.1×
Gartner (IT)	10.1×
QUALCOMM (QCOM)	9.9×
Ondas Holdings (ONDS)	9.9×
EPAM Systems (EPAM)	9.6×
Accenture (ACN)	9.4×
Science Applications International (SAIC)	9.2×
Skyworks Solutions (SWKS)	9.2×
Amkor Technology (AMKR)	8.7×
Gen Digital (GEN)	8.3×
First Solar (FSLR)	8.3×
Corpay (CPAY)	8.3×
Paycom Software (PAYC)	8.1×
Zoom Communications (ZM)	7.5×
Fiserv (FISV)	7.4×
Cognizant (CTSH)	7.1×
HP (HPQ)	6.4×
Fidelity National Information Services (FIS)	4.8×
IBM (IBM)	3.8×

EV/EBITDA for Salesforce (CRM) 2005-2026

EV/EBITDA daily chart for Salesforce (CRM)

Historical EV/EBITDA for Salesforce (CRM) from 2004 to 2026

About EV/EBITDA at Salesforce (CRM)

Salesforce EV/EBITDA by Year

Salesforce EV/EBITDA 2026: 16.2×

Salesforce EV/EBITDA 2025: 29.2×

Salesforce EV/EBITDA 2024: 27.2×

Salesforce EV/EBITDA 2023: 28.7×

Salesforce EV/EBITDA 2022: 48.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Salesforce (CRM) Key Financials