Question 1

What is Salesforce's P/S ratio?

Accepted Answer

Salesforce (CRM) P/S ratio is 3.8× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Salesforce?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Salesforce specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

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

Accepted Answer

Salesforce's P/S ratio of 3.8× is below its own 5-year average of 6.9× and below the sector median of 5.7×. That places the current reading at the 0th 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/S ratio range?

Accepted Answer

In the available daily series, Salesforce (CRM) P/S ratio has ranged from a low of 3.0× in 2009 to a high of 15.2× in 2004. The 5-year average is 6.9× and the 5-year median is 6.4×.

Question 7

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

Accepted Answer

Salesforce (CRM) P/S ratio at the end of 2026 was 4.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$198.49B	$41.52B	4.8×	-3.9×	Jan 31, 2026
2025	$327.69B	$37.90B	8.6×	+0.8×	Jan 31, 2025
2024	$272.66B	$34.86B	7.8×	+2.6×	Jan 31, 2024
2023	$165.28B	$31.35B	5.3×	-3.4×	Jan 31, 2023
2022	$229.14B	$26.49B	8.6×	-1.2×	Jan 31, 2022
2021	$209.27B	$21.25B	9.8×	+0.4×	Jan 31, 2021
2020	$162.07B	$17.10B	9.5×	+0.7×	Jan 31, 2020
2019	$116.41B	$13.28B	8.8×	+0.9×	Jan 31, 2019
2018	$82.49B	$10.48B	7.9×	+1.3×	Jan 31, 2018
2017	$55.45B	$8.39B	6.6×	+0.0×	Jan 31, 2017
2016	$44.01B	$6.67B	6.6×	-0.1×	Jan 31, 2016
2015	$35.97B	$5.37B	6.7×	-2.1×	Jan 31, 2015
2014	$35.69B	$4.07B	8.8×	+0.6×	Jan 31, 2014
2013	$24.95B	$3.05B	8.2×	+1.2×	Jan 31, 2013
2012	$15.80B	$2.27B	7.0×	-3.2×	Jan 31, 2012
2011	$16.81B	$1.66B	10.1×	+3.9×	Jan 31, 2011
2010	$8.11B	$1.31B	6.2×	+3.2×	Jan 31, 2010
2009	$3.22B	$1.08B	3.0×	-5.1×	Jan 31, 2009
2008	$6.07B	$748.70M	8.1×	-1.8×	Jan 31, 2008
2007	$4.93B	$497.10M	9.9×	-4.3×	Jan 31, 2007
2006	$4.40B	$309.86M	14.2×	+8.4×	Jan 31, 2006
2005	$1.03B	$176.38M	5.9×	+0.3×	Jan 31, 2005
2004	$509.21M	$90.93M	5.6×	—	Jan 31, 2004


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for Salesforce (CRM)

P/S Ratio daily chart for Salesforce (CRM)

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

About P/S Ratio at Salesforce (CRM)

Salesforce P/S Ratio by Year

Salesforce P/S Ratio 2026: 4.8×

Salesforce P/S Ratio 2025: 8.6×

Salesforce P/S Ratio 2024: 7.8×

Salesforce P/S Ratio 2023: 5.3×

Salesforce P/S Ratio 2022: 8.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Salesforce (CRM) Key Financials

P/S Ratio daily chart for Salesforce (CRM)

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

About P/S Ratio at Salesforce (CRM)

Salesforce P/S Ratio by Year

Salesforce P/S Ratio 2026: 4.8×

Salesforce P/S Ratio 2025: 8.6×

Salesforce P/S Ratio 2024: 7.8×

Salesforce P/S Ratio 2023: 5.3×

Salesforce P/S Ratio 2022: 8.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Salesforce's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Salesforce?

+Is Salesforce's P/S ratio high or low?

+What is Salesforce's historical P/S ratio range?

+What was Salesforce's P/S ratio in 2026?

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

Salesforce (CRM) Key Financials