Question 1

What is Salesforce's P/E ratio?

Accepted Answer

Salesforce (CRM) P/E ratio is 17.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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 P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Salesforce?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Salesforce specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

Is Salesforce's P/E ratio high or low?

Accepted Answer

Salesforce's P/E ratio of 17.7× is below its own 5-year average of 173.2× and below the sector median of 29.4×. 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 P/E ratio range?

Accepted Answer

In the available daily series, Salesforce (CRM) P/E ratio has ranged from a low of 16.3× in 2026 to a high of 10243.2× in 2007. The 5-year average is 173.2× and the 5-year median is 70.6×.

Question 7

What was Salesforce's P/E ratio in 2026?

Accepted Answer

Salesforce (CRM) P/E ratio at the end of 2026 was 26.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Salesforce's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$7.46B	26.6×	-26.3×	Jan 31, 2026
2025	$328B	$6.2B	52.9×	-13.0×	Jan 31, 2025
2024	$273B	$4.14B	65.9×	-728.7×	Jan 31, 2024
2023	$165B	$208M	794.6×	+635.9×	Jan 31, 2023
2022	$229B	$1.44B	158.7×	+107.3×	Jan 31, 2022
2021	$209B	$4.07B	51.4×	-1234.9×	Jan 31, 2021
2020	$162B	$126M	1286.3×	+1181.4×	Jan 31, 2020
2019	$116B	$1.11B	104.9×	-267.4×	Jan 31, 2019
2018	$82.5B	$222M	372.3×	+63.6×	Jan 31, 2018
2017	$55.4B	$180M	308.7×	—	Jan 31, 2017
2016	$44B	-$47.4M	—	—	Jan 31, 2016
2015	$36B	-$263M	—	—	Jan 31, 2015
2014	$35.7B	-$232M	—	—	Jan 31, 2014
2013	$25B	-$270M	—	—	Jan 31, 2013
2012	$15.8B	-$11.6M	—	—	Jan 31, 2012
2011	$16.8B	$64.5M	260.8×	+160.3×	Jan 31, 2011
2010	$8.11B	$80.7M	100.5×	+26.3×	Jan 31, 2010
2009	$3.22B	$43.4M	74.2×	-256.3×	Jan 31, 2009
2008	$6.07B	$18.4M	330.5×	-9912.8×	Jan 31, 2008
2007	$4.93B	$481K	10243.2×	+10088.6×	Jan 31, 2007
2006	$4.4B	$28.5M	154.6×	+14.0×	Jan 31, 2006
2005	$1.03B	$7.35M	140.6×	-28.9×	Jan 31, 2005
2004	$509M	$3M	169.5×	—	Jan 31, 2004


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Salesforce (CRM) 2004-2026

P/E Ratio daily chart for Salesforce (CRM)

Historical P/E Ratio for Salesforce (CRM) from 2004 to 2026

About P/E Ratio at Salesforce (CRM)

Salesforce P/E Ratio by Year

Salesforce P/E Ratio 2026: 26.6×

Salesforce P/E Ratio 2025: 52.9×

Salesforce P/E Ratio 2024: 65.9×

Salesforce P/E Ratio 2023: 794.6×

Salesforce P/E Ratio 2022: 158.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Salesforce (CRM) Key Financials