Salesforce, Inc. (CRM) Key Metrics
CRM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $198.10B
- Enterprise value
- $229.07B
- P/E (TTM)
- 22.0 10-yr median 106.1
- Forward P/E
- 14.0
- PEG ratio
- 0.78
- Price / sales
- 4.5 10-yr median 8.3
- Price / book
- 5.0 10-yr median 4.8
- EV / EBITDA
- 13.6 10-yr median 58.8
- Dividend yield
- 0.73% $1.76 a year
- Beta
- 1.26
CRM key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsCRM valuation Price multiples at each fiscal year-end price.
CRM returns How much profit the business earns on the capital it uses.
CRM per-share figures Results divided by the shares outstanding at year-end.
CRM financial health Debt, liquidity and how easily interest is covered.
CRM efficiency & capital use Working capital cycle and where the cash goes.
CRM valuation history
CRM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRM cash returned to shareholders
CRM price vs earnings per share
CRM key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $202.95B | $332.82B | $276.59B | $167.47B | $226.58B | $209.77B | $154.96B | $117.78B | $83.68B | $55.39B |
| Enterprise value | $210.56B | $330.18B | $274.99B | $169.05B | $230.03B | $204.09B | $152.88B | $116.61B | $81.66B | $55.89B |
| P/E ratio | 27.2 | 53.7 | 66.9 | 805.1 | 156.9 | 51.5 | — | 106.1 | 656.4 | 171.5 |
| Price / sales | 4.9 | 8.8 | 7.9 | 5.3 | 8.6 | 9.9 | 9.1 | 8.9 | 8.0 | 6.6 |
| Price / book | 3.4 | 5.4 | 4.6 | 2.9 | 3.9 | 5.1 | 4.6 | 7.5 | 8.9 | 7.4 |
| Price / free cash flow | 14.1 | 26.8 | 29.1 | 26.5 | 42.9 | 51.3 | 42.0 | 42.0 | 38.0 | 32.6 |
| Price / operating cash flow | 13.5 | 25.4 | 27.0 | 23.6 | 37.8 | 43.7 | 35.8 | 34.7 | 30.6 | 25.6 |
| EV / sales | 5.1 | 8.7 | 7.9 | 5.4 | 8.7 | 9.6 | 8.9 | 8.8 | 7.8 | 6.7 |
| EV / EBITDA | 16.0 | 29.6 | 27.6 | 25.2 | 87.3 | 180.4 | 65.4 | 55.6 | 78.4 | 62.1 |
| EV / free cash flow | 14.6 | 26.6 | 29.0 | 26.8 | 43.5 | 49.9 | 41.5 | 41.6 | 37.0 | 32.9 |
| Earnings yield | 3.7% | 1.9% | 1.5% | 0.1% | 0.6% | 1.9% | 0.1% | 0.9% | 0.2% | 0.6% |
| Free cash flow yield | 7.1% | 3.7% | 3.4% | 3.8% | 2.3% | 2.0% | 2.4% | 2.4% | 2.6% | 3.1% |
| Dividend yield | 0.8% | 0.5% | 0.3% | 0.5% | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 7.0% | 2.8% | 3.0% | 2.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $212.29 | $341.70 | $281.09 | $167.97 | $232.63 | $225.56 | $182.31 | $151.97 | $113.91 | $79.10 |
| Per share | ||||||||||
| Revenue per share | $43.44 | $38.91 | $35.42 | $31.45 | $27.20 | $22.85 | $20.12 | $17.14 | $14.27 | $11.98 |
| Earnings per share | $7.80 | $6.36 | $4.20 | $0.21 | $1.48 | $4.38 | $0.15 | $1.43 | $0.17 | $0.46 |
| Operating cash flow per share | $15.69 | $13.44 | $10.40 | $7.13 | $6.16 | $5.16 | $5.10 | $4.38 | $3.73 | $3.09 |
| Free cash flow per share | $15.06 | $12.77 | $9.65 | $6.33 | $5.42 | $4.40 | $4.34 | $3.62 | $3.00 | $2.43 |
| Cash per share | $10.01 | $14.41 | $14.42 | $12.55 | $10.82 | $12.87 | $9.35 | $5.60 | $6.16 | $3.15 |
| Book value per share | $61.86 | $62.81 | $60.62 | $58.53 | $59.68 | $44.62 | $39.86 | $20.14 | $12.79 | $10.71 |
| Tangible book value per share | −$5.87 | $5.61 | $5.84 | $2.67 | $1.25 | $11.89 | $4.06 | $0.88 | $1.47 | −$1.51 |
| Dividends per share | $1.66 | $1.58 | $0.78 | $0.86 | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.62 | $0.68 | $0.75 | $0.80 | $0.74 | $0.76 | $0.76 | $0.77 | $0.73 | $0.66 |
| Debt per share | $17.97 | $11.70 | $12.79 | $14.13 | $14.35 | $6.75 | $6.90 | $4.10 | $3.40 | $3.87 |
| Shares outstanding | 956.0M | 974.0M | 984.0M | 997.0M | 974.0M | 930.0M | 850.0M | 775.0M | 734.6M | 700.2M |
| Change in shares outstanding | −1.8% | −1.0% | −1.3% | +2.4% | +4.7% | +9.4% | +9.7% | +5.5% | +4.9% | +5.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.4% | 10.3% | 7.0% | 0.4% | 2.9% | 10.8% | 0.5% | 8.9% | 1.5% | 5.2% |
| Return on invested capital (ROIC) | 11.1% | 10.3% | 7.1% | 2.4% | 3.6% | 1.3% | 0.4% | 4.9% | 1.9% | 3.2% |
| Return on assets (ROA) | 6.9% | 6.1% | 4.2% | 0.2% | 1.8% | 6.7% | 0.3% | 4.3% | 0.7% | 2.1% |
| Return on tangible assets | 15.7% | 13.1% | 9.0% | 0.5% | 3.8% | 11.4% | 0.5% | 7.0% | 1.0% | 3.6% |
| Free cash flow margin | 34.7% | 32.8% | 27.2% | 20.1% | 19.9% | 19.2% | 21.6% | 21.1% | 21.0% | 20.2% |
| Income quality (OCF / net income) | 2.01 | 2.11 | 2.47 | 34.19 | 4.16 | 1.18 | 34.37 | 3.06 | 21.48 | 6.69 |
| Financial health | ||||||||||
| Total debt | $17.18B | $11.39B | $12.59B | $14.09B | $13.98B | $6.28B | $5.87B | $3.18B | $2.50B | $2.71B |
| Cash & short-term investments | $9.56B | $14.03B | $14.19B | $12.51B | $10.54B | $11.97B | $7.95B | $4.34B | $4.52B | $2.21B |
| Net debt | $7.61B | −$2.64B | −$1.61B | $1.58B | $3.44B | −$5.68B | −$2.08B | −$1.17B | −$2.02B | $500.7M |
| Debt / equity | 0.29 | 0.19 | 0.21 | 0.24 | 0.24 | 0.15 | 0.17 | 0.20 | 0.27 | 0.36 |
| Debt / assets | 0.15 | 0.11 | 0.13 | 0.14 | 0.15 | 0.09 | 0.11 | 0.10 | 0.12 | 0.15 |
| Net debt / EBITDA | 0.58 | −0.24 | −0.16 | 0.24 | 1.31 | −5.03 | −0.89 | −0.56 | −1.94 | 0.56 |
| Current ratio | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | 0.95 | 0.92 | 0.83 |
| Quick ratio | 0.76 | 1.06 | 1.09 | 0.95 | 0.98 | 1.17 | 1.01 | 0.88 | 0.92 | 0.83 |
| Interest coverage | 27.5 | 26.5 | — | 10.2 | 8.6 | 4.1 | 1.8 | 4.2 | 4.4 | 2.4 |
| Working capital | −$8.90B | $1.75B | $2.44B | $504.0M | $1.06B | $4.16B | $1.12B | −$572.0M | −$839.1M | −$1.26B |
| Invested capital | $66.75B | $58.53B | $58.04B | $59.94B | $61.58B | $35.81B | $31.81B | $14.44B | $7.37B | $8.00B |
| Tangible asset value | −$5.61B | $5.46B | $5.75B | $2.67B | $1.22B | $11.06B | $3.45B | $679.0M | $1.08B | −$1.06B |
| Net current asset value | −$24.94B | −$12.03B | −$11.10B | −$14.10B | −$14.23B | −$2.92B | −$5.28B | −$4.45B | −$2.33B | −$4.09B |
| Graham number | $104.20 | $94.82 | $75.71 | $16.58 | $44.62 | $66.30 | $11.53 | $25.47 | $7.07 | $10.54 |
| Graham net-net per share | −$34.36 | −$19.27 | −$17.71 | −$19.09 | −$19.00 | −$6.91 | −$9.65 | −$8.65 | −$5.63 | −$7.79 |
| Capital allocation | ||||||||||
| Dividends paid | $1.59B | $1.54B | $772.0M | $861.0M | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $12.60B | $7.83B | $7.62B | $4.00B | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 21.3% | 24.8% | 18.7% | 413.9% | — | — | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 98.5% | 75.3% | 88.4% | 77.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 1.4% | 1.7% | 2.1% | 2.5% | 2.7% | 3.3% | 3.8% | 4.5% | 5.1% | 5.5% |
| Capex / operating cash flow | 4.0% | 5.0% | 7.2% | 11.2% | 11.9% | 14.8% | 14.8% | 17.5% | 19.5% | 21.5% |
| Capex / depreciation | 0.16 | 0.19 | 0.19 | 0.21 | 0.22 | 0.25 | 0.30 | 0.61 | 0.68 | 0.73 |
| Stock-based compensation / revenue | 8.5% | 8.4% | 8.0% | 10.5% | 10.5% | 10.3% | 10.4% | 9.7% | 9.5% | 9.8% |
| R&D / revenue | 14.4% | 14.5% | 14.1% | 16.1% | 16.9% | 16.9% | 16.2% | 14.2% | 14.8% | 14.4% |
| SG&A / revenue | 41.8% | 42.5% | 44.2% | 51.3% | 54.6% | 55.3% | 56.3% | 55.8% | 56.5% | 56.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 115.5 | 112.5 | 116.1 | 119.3 | 120.7 | 119.9 | 118.5 | 121.9 | 125.0 | 125.1 |
| Days of inventory on hand | — | — | — | 70.5 | 67.5 | 69.5 | 73.9 | 41.7 | — | — |
| Days payables outstanding | — | 142.7 | 213.3 | 266.7 | 255.3 | 261.4 | 155.0 | 12.8 | 12.6 | 15.3 |
| Cash conversion cycle (days) | — | -30.2 | -97.2 | -76.9 | -67.0 | -71.9 | 37.3 | 150.8 | 112.4 | 149.2 |
| Receivables turnover | 3.16 | 3.24 | 3.14 | 3.06 | 3.02 | 3.04 | 3.08 | 2.99 | 2.92 | 2.92 |
| Payables turnover | — | 2.56 | 1.71 | 1.37 | 1.43 | 1.40 | 2.35 | 28.58 | 28.93 | 23.93 |
| Inventory turnover | — | — | — | 5.18 | 5.40 | 5.25 | 4.94 | 8.76 | — | — |
| Asset turnover | 0.39 | 0.37 | 0.35 | 0.32 | 0.33 | 0.35 | 0.40 | 0.51 | 0.54 | 0.55 |
| Average receivables | $13.14B | $11.68B | $11.08B | $10.25B | $8.76B | $6.98B | $5.55B | $4.44B | $3.59B | $2.88B |
| Average payables | — | $3.38B | $4.99B | $6.11B | $4.91B | $3.89B | $1.80B | $120.7M | $95.9M | $93.4M |
| Average inventory | — | — | — | $1.61B | $1.30B | $1.04B | $857.0M | $394.0M | $0 | $240.5M |
| Intangibles / total assets | 57.7% | 54.1% | 54.0% | 56.3% | 59.8% | 45.9% | 55.2% | 48.6% | 39.6% | 48.7% |
Computed from CRM's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CRM valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Salesforce traded at 27.2 times earnings, against a 10-year median of 106.1. Based on the latest twelve months, the trailing P/E is 22.0 and the forward P/E is 14.0. Salesforce earned a return on equity of 12.4% and a return on invested capital of 11.1% in fiscal 2026. It ended the year with $17.2 billion of debt and $9.6 billion in cash and short-term investments, net debt of $7.6 billion. It returned $14.2 billion to shareholders: $1.6 billion in dividends and $12.6 billion in share buybacks, 98% of free cash flow. The share count rose 36.5% from 700.2M to 956.0M over 9 years.
See the CRM income statement, the CRM chart for price history, or the CRM stock overview for the latest quote and news.
CRM key metrics FAQ
What is Salesforce's P/E ratio?
Salesforce's trailing P/E ratio is 22.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.0. At the end of fiscal 2026 it was 27.2, compared with a 10-year median of 106.1.
What is Salesforce's EV/EBITDA?
Salesforce's enterprise value was 16.0 times EBITDA at the end of fiscal 2026 (enterprise value $210.6 billion, EBITDA $13.2 billion); the current EV/EBITDA is 13.6.
What is Salesforce's return on equity?
Salesforce's return on equity (ROE) was 12.4% in fiscal 2026: net income of $7.5 billion on average shareholders' equity of $60.2 billion.
What is Salesforce's ROIC?
Salesforce's return on invested capital was 11.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Salesforce have?
Salesforce had total debt of $17.2 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.29 and $7.6 billion of net debt (0.58 times EBITDA).
What is Salesforce's dividend yield?
Salesforce's forward dividend yield is 0.73%. Salesforce paid $1.6 billion in dividends in fiscal 2026 ($1.66 per share), a payout ratio of 21.3%.
Does Salesforce buy back its shares?
Yes. Salesforce spent $12.6 billion on net share repurchases in fiscal 2026 Shares outstanding changed −1.8% over the year, to 956.0M..
What is Salesforce's free cash flow yield?
Salesforce generated $14.4 billion of free cash flow in fiscal 2026, a free cash flow yield of 7.1% on its market value at year-end ($202.9 billion).
What is Salesforce's current ratio?
Salesforce's current ratio was 0.76 at the end of fiscal 2026: current assets were 0.76 times current liabilities.