Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Salesforce Inc., historical price multiples (quarterly data)
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Salesforce Inc. P/E ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Salesforce Inc. P/OP ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Salesforce Inc. P/S ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Salesforce Inc. P/BV ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
Price to Earnings (P/E)
Salesforce Inc., historical P/E calculation (quarterly data)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 961,000,000 | 957,000,000 | 956,000,000 | 969,000,000 | 970,000,000 | 968,000,000 | 973,000,000 | 974,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 995,000,000 | 990,000,000 | 985,000,000 | 979,000,000 | 926,000,000 | 921,000,000 | 915,000,000 | 910,000,000 | 901,000,000 | 895,000,000 | 887,000,000 | 877,000,000 | 776,000,000 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||
| Net income (loss) (in millions) | 1,708) | 1,527) | 1,429) | 1,533) | 1,446) | 1,224) | 1,267) | 199) | (98) | 210) | 68) | 28) | (28) | 468) | 535) | 469) | 267) | 1,081) | 2,625) | 99) | (248) | (109) | 91) | 392) | |||||||
| Earnings per share (EPS)2 | 6.45 | 6.20 | 5.89 | 5.64 | 4.26 | 2.68 | 1.62 | 0.39 | 0.21 | 0.28 | 0.54 | 1.01 | 1.46 | 1.77 | 2.40 | 4.80 | 4.42 | 3.89 | 2.60 | -0.19 | 0.14 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 291.97 | 367.87 | 257.01 | 218.01 | 303.77 | 251.90 | 221.46 | 212.90 | 182.95 | 147.00 | 173.91 | 176.07 | 197.90 | 261.20 | 266.53 | 234.62 | 213.12 | 225.86 | 271.10 | 176.36 | 169.60 | 156.43 | 151.57 | 158.44 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||
| P/E ratio4 | 45.28 | 59.32 | 43.63 | 38.62 | 71.24 | 94.07 | 136.55 | 547.14 | 879.57 | 528.78 | 324.46 | 174.67 | 135.68 | 147.95 | 110.94 | 48.91 | 48.20 | 58.10 | 104.23 | — | 1,204.70 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | 24.53 | 30.76 | 31.07 | 27.59 | 30.87 | 31.14 | 27.81 | 27.07 | 24.73 | 23.64 | 22.93 | 27.30 | 31.69 | 40.88 | 36.58 | 32.02 | 31.11 | 31.97 | 28.32 | 27.95 | 20.33 | 27.24 | |||||||
| Adobe Inc. | — | — | — | 25.11 | 31.98 | 42.53 | 46.15 | 47.07 | 49.64 | 44.69 | 45.30 | 36.72 | 33.15 | 27.18 | 35.27 | 45.03 | 48.90 | 47.07 | 49.98 | 40.82 | 41.69 | 58.43 | 55.97 | 45.60 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 67.09 | 76.54 | 69.10 | 72.17 | 78.64 | 68.16 | 73.71 | 67.89 | 59.70 | 55.98 | 59.24 | 56.00 | 53.88 | 66.92 | 59.14 | 61.38 | 62.89 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | 675.68 | 391.27 | 632.51 | 892.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 39.68 | 29.62 | 20.87 | 18.66 | 22.50 | 19.07 | 63.16 | 62.36 | 71.56 | 95.23 | 20.78 | 22.19 | 19.40 | 23.26 | 23.99 | 23.63 | 19.30 | — | — | — | |||||||
| Intuit Inc. | — | — | 51.15 | 65.11 | 58.94 | 60.26 | 66.50 | 61.19 | 64.61 | 56.26 | 59.38 | 56.80 | 57.31 | 40.47 | 63.28 | 85.13 | 75.17 | 56.40 | 62.56 | 48.28 | 49.52 | 56.56 | 45.75 | 44.67 | |||||||
| Microsoft Corp. | — | — | 35.45 | 35.53 | 35.67 | 34.41 | 36.78 | 31.86 | 33.96 | 29.67 | 26.71 | 26.77 | 28.34 | 27.89 | 30.38 | 34.30 | 35.14 | 35.22 | 34.15 | 33.95 | 35.04 | 29.08 | 28.84 | 25.48 | |||||||
| Oracle Corp. | — | 33.25 | 42.77 | 39.36 | 37.63 | 32.94 | 27.34 | 32.03 | 38.96 | 27.11 | 24.69 | 35.29 | 26.85 | 27.46 | 26.70 | 17.45 | 15.84 | 15.15 | 17.19 | 17.88 | 16.69 | 14.05 | 15.99 | 16.13 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 632.38 | 244.40 | 147.19 | 159.62 | 246.77 | 279.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 105.57 | 47.73 | 42.42 | 41.23 | 37.18 | 127.17 | 170.35 | 290.26 | 1,656.49 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 146.40 | 147.50 | 148.98 | 77.25 | 90.80 | 71.21 | 80.21 | 231.71 | 284.28 | 417.74 | 479.20 | 452.04 | 487.70 | 620.23 | 681.34 | 654.66 | 978.47 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 34.48 | 33.69 | 55.30 | 63.08 | 62.39 | 70.08 | 62.65 | 67.52 | 57.28 | 51.76 | 53.76 | 46.52 | 48.45 | 73.37 | 64.13 | 45.71 | 56.52 | 55.92 | 51.53 | 54.36 | 46.45 | |||||||
| Workday Inc. | 122.85 | 43.12 | 44.76 | 37.68 | 50.53 | 934.29 | — | — | — | — | — | — | 1,957.29 | 2,418.34 | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
EPS
= (Net income (loss)Q4 2025
+ Net income (loss)Q3 2025
+ Net income (loss)Q2 2025
+ Net income (loss)Q1 2025)
÷ No. shares of common stock outstanding
= (1,708,000,000 + 1,527,000,000 + 1,429,000,000 + 1,533,000,000)
÷ 961,000,000 = 6.45
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
P/E ratio = Share price ÷ EPS
= 291.97 ÷ 6.45 = 45.28
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Salesforce Inc. P/E ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
Price to Operating Profit (P/OP)
Salesforce Inc., historical P/OP calculation (quarterly data)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 961,000,000 | 957,000,000 | 956,000,000 | 969,000,000 | 970,000,000 | 968,000,000 | 973,000,000 | 974,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 995,000,000 | 990,000,000 | 985,000,000 | 979,000,000 | 926,000,000 | 921,000,000 | 915,000,000 | 910,000,000 | 901,000,000 | 895,000,000 | 887,000,000 | 877,000,000 | 776,000,000 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||
| Income (loss) from operations (in millions) | 1,820) | 1,893) | 1,783) | 1,709) | 1,622) | 1,501) | 1,476) | 412) | 357) | 460) | 193) | 20) | (176) | 38) | 332) | 354) | 193) | 224) | 178) | (140) | (36) | 65) | 58) | 210) | |||||||
| Operating profit per share2 | 7.50 | 7.32 | 6.92 | 6.51 | 5.17 | 3.87 | 2.78 | 1.46 | 1.03 | 0.50 | 0.08 | 0.22 | 0.55 | 0.93 | 1.13 | 1.02 | 0.49 | 0.25 | 0.07 | -0.06 | 0.33 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 291.97 | 367.87 | 257.01 | 218.01 | 303.77 | 251.90 | 221.46 | 212.90 | 182.95 | 147.00 | 173.91 | 176.07 | 197.90 | 261.20 | 266.53 | 234.62 | 213.12 | 225.86 | 271.10 | 176.36 | 169.60 | 156.43 | 151.57 | 158.44 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||
| P/OP ratio4 | 38.94 | 50.24 | 37.14 | 33.49 | 58.80 | 65.09 | 79.66 | 145.83 | 177.62 | 295.77 | 2,318.80 | 818.64 | 357.52 | 280.57 | 236.57 | 228.93 | 431.39 | 914.43 | 3,682.10 | — | 511.08 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | 18.52 | 23.34 | 23.52 | 20.96 | 24.43 | 24.40 | 21.69 | 21.16 | 18.24 | 17.50 | 16.83 | 19.98 | 23.62 | 31.03 | 28.35 | 25.67 | 24.96 | 25.29 | 22.21 | 21.16 | 15.44 | 20.55 | |||||||
| Adobe Inc. | — | — | — | 21.20 | 26.38 | 34.93 | 37.61 | 37.84 | 40.52 | 35.69 | 35.47 | 28.49 | 25.85 | 21.47 | 28.50 | 36.67 | 40.64 | 49.83 | 54.24 | 47.80 | 51.75 | 56.53 | 54.83 | 41.99 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 52.42 | 64.64 | 62.16 | 64.10 | 65.43 | 57.98 | 59.96 | 53.91 | 47.21 | 41.53 | 46.31 | 46.60 | 48.13 | 60.37 | 53.96 | 56.52 | 57.54 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | — | 1,246.42 | 3,413.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 25.48 | 20.07 | 18.25 | 16.26 | 17.99 | 14.81 | 15.22 | 13.98 | 14.35 | 15.37 | 15.24 | 17.07 | 16.23 | 19.92 | 19.33 | 17.63 | 15.90 | — | — | — | |||||||
| Intuit Inc. | — | — | 40.68 | 52.88 | 48.11 | 48.74 | 53.07 | 46.91 | 49.04 | 41.32 | 43.34 | 43.50 | 46.05 | 33.22 | 53.54 | 71.64 | 62.00 | 46.48 | 52.54 | 39.99 | 41.56 | 49.11 | 39.04 | 37.66 | |||||||
| Microsoft Corp. | — | — | 27.94 | 28.44 | 28.73 | 28.04 | 30.20 | 26.16 | 27.76 | 24.15 | 21.76 | 22.07 | 24.72 | 24.66 | 27.51 | 31.35 | 30.79 | 30.72 | 29.13 | 28.71 | 29.30 | 25.90 | 25.91 | 22.91 | |||||||
| Oracle Corp. | — | 23.43 | 29.86 | 26.92 | 25.65 | 23.67 | 19.36 | 21.82 | 25.30 | 16.87 | 15.50 | 20.25 | 16.51 | 18.93 | 24.87 | 15.78 | 14.31 | 12.98 | 12.20 | 12.88 | 12.17 | 10.92 | 12.75 | 12.96 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 941.61 | 318.98 | 203.93 | 242.24 | 431.61 | 1,130.92 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 140.59 | 172.78 | 159.88 | 144.37 | 140.84 | 132.93 | 193.40 | 418.85 | 2,481.12 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | — | — | 152.95 | 156.39 | 159.12 | 156.78 | 206.26 | 174.57 | 225.28 | 224.96 | 260.26 | 357.30 | 404.46 | 408.11 | 436.46 | 570.38 | 493.80 | 404.36 | 583.07 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 57.97 | 56.25 | 56.16 | 63.80 | 64.29 | 67.90 | 61.35 | 62.50 | 50.41 | 43.85 | 48.91 | 42.54 | 47.17 | 75.64 | 65.25 | 49.28 | 59.98 | 59.90 | 58.40 | 54.81 | 48.73 | |||||||
| Workday Inc. | 155.71 | 166.90 | 201.96 | 210.15 | 381.31 | 4,065.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
Operating profit per share
= (Income (loss) from operationsQ4 2025
+ Income (loss) from operationsQ3 2025
+ Income (loss) from operationsQ2 2025
+ Income (loss) from operationsQ1 2025)
÷ No. shares of common stock outstanding
= (1,820,000,000 + 1,893,000,000 + 1,783,000,000 + 1,709,000,000)
÷ 961,000,000 = 7.50
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 291.97 ÷ 7.50 = 38.94
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Salesforce Inc. P/OP ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
Price to Sales (P/S)
Salesforce Inc., historical P/S calculation (quarterly data)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 961,000,000 | 957,000,000 | 956,000,000 | 969,000,000 | 970,000,000 | 968,000,000 | 973,000,000 | 974,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 995,000,000 | 990,000,000 | 985,000,000 | 979,000,000 | 926,000,000 | 921,000,000 | 915,000,000 | 910,000,000 | 901,000,000 | 895,000,000 | 887,000,000 | 877,000,000 | 776,000,000 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||
| Revenues (in millions) | 9,993) | 9,444) | 9,325) | 9,133) | 9,287) | 8,720) | 8,603) | 8,247) | 8,384) | 7,837) | 7,720) | 7,411) | 7,326) | 6,863) | 6,340) | 5,963) | 5,817) | 5,419) | 5,151) | 4,865) | 4,851) | 4,513) | 3,997) | 3,737) | |||||||
| Sales per share2 | 39.43 | 38.86 | 38.14 | 36.89 | 35.94 | 35.08 | 33.99 | 33.05 | 31.35 | 30.29 | 29.32 | 28.08 | 26.76 | 25.36 | 24.04 | 24.14 | 23.07 | 22.17 | 21.30 | 20.23 | 19.10 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 291.97 | 367.87 | 257.01 | 218.01 | 303.77 | 251.90 | 221.46 | 212.90 | 182.95 | 147.00 | 173.91 | 176.07 | 197.90 | 261.20 | 266.53 | 234.62 | 213.12 | 225.86 | 271.10 | 176.36 | 169.60 | 156.43 | 151.57 | 158.44 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||
| P/S ratio4 | 7.40 | 9.47 | 6.74 | 5.91 | 8.45 | 7.18 | 6.52 | 6.44 | 5.84 | 4.85 | 5.93 | 6.27 | 7.40 | 10.30 | 11.09 | 9.72 | 9.24 | 10.19 | 12.73 | 8.72 | 8.88 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | 2.80 | 3.51 | 3.48 | 2.98 | 3.36 | 3.32 | 2.98 | 3.05 | 2.72 | 2.67 | 2.56 | 3.04 | 3.57 | 4.72 | 4.28 | 3.86 | 3.72 | 3.75 | 3.26 | 3.11 | 2.26 | 3.01 | |||||||
| Adobe Inc. | — | — | — | 7.69 | 8.27 | 10.88 | 11.47 | 11.33 | 13.88 | 12.12 | 11.93 | 9.66 | 8.95 | 7.61 | 10.33 | 13.47 | 14.94 | 18.20 | 19.39 | 16.61 | 17.04 | 18.15 | 17.19 | 12.64 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 15.26 | 18.27 | 17.52 | 18.53 | 20.02 | 16.65 | 17.25 | 15.77 | 14.23 | 12.80 | 13.99 | 13.21 | 12.55 | 15.59 | 13.88 | 14.33 | 13.85 | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 19.36 | 22.89 | 18.94 | 25.36 | 26.10 | 19.77 | 14.73 | 15.27 | 12.81 | 13.55 | 23.24 | 22.99 | 30.15 | 37.35 | 54.14 | 46.77 | 48.70 | 46.83 | 43.35 | 37.61 | 22.79 | — | — | — | |||||||
| International Business Machines Corp. | — | — | — | — | 3.81 | 3.03 | 2.82 | 2.46 | 2.73 | 2.16 | 2.11 | 1.89 | 1.94 | 1.99 | 1.95 | 2.10 | 1.94 | 1.82 | 1.96 | 1.83 | 1.47 | — | — | — | |||||||
| Intuit Inc. | — | — | 9.05 | 11.46 | 10.72 | 11.71 | 12.20 | 10.73 | 10.72 | 8.95 | 8.44 | 8.01 | 9.30 | 7.87 | 12.04 | 17.26 | 16.09 | 13.50 | 14.16 | 12.12 | 11.78 | 11.03 | 10.47 | 10.18 | |||||||
| Microsoft Corp. | — | — | 12.56 | 12.65 | 12.82 | 12.54 | 13.34 | 11.25 | 11.60 | 9.86 | 8.83 | 9.20 | 10.40 | 10.50 | 11.70 | 13.21 | 12.81 | 12.33 | 11.43 | 10.96 | 10.85 | 9.70 | 9.52 | 8.07 | |||||||
| Oracle Corp. | — | 7.25 | 9.05 | 8.03 | 7.44 | 6.68 | 5.37 | 5.89 | 6.63 | 4.73 | 4.71 | 4.64 | 4.25 | 4.96 | 6.62 | 5.96 | 5.38 | 4.90 | 4.53 | 4.67 | 4.33 | 3.80 | 4.42 | 4.47 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 102.00 | 44.01 | 24.02 | 20.42 | 23.27 | 19.34 | 17.93 | 10.19 | 9.34 | 7.98 | 11.62 | 9.27 | 15.58 | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 15.45 | 15.74 | 13.62 | 12.95 | 11.25 | 10.83 | 10.87 | 9.63 | 9.23 | 8.70 | 9.62 | 9.22 | 9.68 | 11.48 | 10.72 | 8.85 | 9.71 | 7.64 | 6.66 | 7.03 | 6.29 | 7.16 | |||||||
| ServiceNow Inc. | — | — | — | — | 18.99 | 18.83 | 17.15 | 15.71 | 17.52 | 13.33 | 14.25 | 12.17 | 12.75 | 12.13 | 13.36 | 16.11 | 19.02 | 24.74 | 22.46 | 20.63 | 25.66 | — | — | — | |||||||
| Synopsys Inc. | — | — | — | 11.98 | 12.45 | 13.60 | 14.87 | 14.65 | 14.75 | 11.72 | 11.75 | 10.44 | 10.03 | 11.21 | 9.86 | 9.78 | 13.22 | 11.85 | 9.27 | 10.69 | 10.08 | 9.21 | 7.59 | 6.65 | |||||||
| Workday Inc. | 7.65 | 8.57 | 8.77 | 7.41 | 9.61 | 8.94 | 8.77 | 7.93 | 7.71 | 6.19 | 7.33 | 7.91 | 11.19 | 15.28 | 13.10 | 13.09 | 13.95 | 12.07 | 14.47 | 11.23 | 10.65 | — | — | — | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
Sales per share
= (RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025
+ RevenuesQ1 2025)
÷ No. shares of common stock outstanding
= (9,993,000,000 + 9,444,000,000 + 9,325,000,000 + 9,133,000,000)
÷ 961,000,000 = 39.43
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 291.97 ÷ 39.43 = 7.40
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Salesforce Inc. P/S ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |
Price to Book Value (P/BV)
Salesforce Inc., historical P/BV calculation (quarterly data)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 961,000,000 | 957,000,000 | 956,000,000 | 969,000,000 | 970,000,000 | 968,000,000 | 973,000,000 | 974,000,000 | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 995,000,000 | 990,000,000 | 985,000,000 | 979,000,000 | 926,000,000 | 921,000,000 | 915,000,000 | 910,000,000 | 901,000,000 | 895,000,000 | 887,000,000 | 877,000,000 | 776,000,000 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | 61,173) | 58,525) | 57,633) | 59,683) | 59,646) | 58,090) | 58,082) | 57,412) | 58,359) | 59,351) | 60,098) | 58,876) | 58,131) | 57,054) | 55,520) | 42,567) | 41,493) | 40,310) | 38,440) | 34,565) | 33,885) | 33,279) | 17,166) | 16,446) | |||||||
| Book value per share (BVPS)2 | 63.66 | 61.15 | 60.29 | 61.59 | 61.49 | 60.01 | 59.69 | 58.94 | 58.36 | 59.35 | 60.10 | 59.17 | 58.72 | 57.92 | 56.71 | 45.97 | 45.05 | 44.05 | 42.24 | 38.36 | 37.86 | 37.52 | 19.57 | 21.19 | |||||||
| Share price1, 3 | 291.97 | 367.87 | 257.01 | 218.01 | 303.77 | 251.90 | 221.46 | 212.90 | 182.95 | 147.00 | 173.91 | 176.07 | 197.90 | 261.20 | 266.53 | 234.62 | 213.12 | 225.86 | 271.10 | 176.36 | 169.60 | 156.43 | 151.57 | 158.44 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||
| P/BV ratio4 | 4.59 | 6.02 | 4.26 | 3.54 | 4.94 | 4.20 | 3.71 | 3.61 | 3.13 | 2.48 | 2.89 | 2.98 | 3.37 | 4.51 | 4.70 | 5.10 | 4.73 | 5.13 | 6.42 | 4.60 | 4.48 | 4.17 | 7.74 | 7.48 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||
| Accenture PLC | — | — | 6.44 | 7.98 | 7.98 | 6.92 | 8.00 | 8.03 | 7.44 | 7.65 | 7.22 | 7.26 | 7.13 | 8.46 | 9.85 | 12.45 | 11.06 | 9.57 | 9.27 | 9.38 | 8.51 | 8.64 | 6.53 | 8.73 | |||||||
| Adobe Inc. | — | — | — | 12.95 | 12.61 | 15.67 | 15.79 | 14.62 | 16.31 | 14.51 | 14.82 | 12.24 | 11.22 | 9.10 | 12.33 | 15.78 | 15.94 | 19.07 | 20.14 | 16.77 | 16.53 | 19.27 | 19.03 | 14.08 | |||||||
| Cadence Design Systems Inc. | — | — | — | — | 15.15 | 17.43 | 17.12 | 21.18 | 24.05 | 20.96 | 22.55 | 19.75 | 18.46 | 16.23 | 17.49 | 15.10 | 13.68 | 17.63 | 15.94 | 15.79 | 14.90 | 13.22 | 12.81 | 10.07 | |||||||
| CrowdStrike Holdings Inc. | 23.34 | 28.00 | 23.34 | 32.84 | 34.61 | 27.75 | 21.18 | 23.27 | 19.61 | 20.98 | 34.78 | 34.12 | 42.67 | 50.64 | 68.13 | 55.02 | 48.91 | 43.84 | 35.86 | 28.17 | 14.78 | 14.59 | 23.58 | 235.40 | |||||||
| International Business Machines Corp. | — | — | — | — | 8.75 | 7.75 | 7.32 | 6.56 | 7.49 | 5.72 | 5.76 | 5.29 | 5.34 | 5.99 | 5.98 | 6.43 | 5.90 | 4.99 | 5.83 | 5.93 | 5.24 | 4.65 | 5.39 | 5.61 | |||||||
| Intuit Inc. | — | — | 8.65 | 10.48 | 9.47 | 9.87 | 10.89 | 9.31 | 8.92 | 7.16 | 7.29 | 6.64 | 7.20 | 5.97 | 8.81 | 18.30 | 15.71 | 12.05 | 12.32 | 18.11 | 17.71 | 15.95 | 20.02 | 19.43 | |||||||
| Microsoft Corp. | — | — | 10.86 | 11.18 | 11.71 | 11.72 | 12.74 | 11.13 | 11.92 | 10.52 | 9.84 | 10.77 | 12.38 | 12.40 | 13.52 | 15.32 | 15.16 | 14.67 | 13.45 | 13.07 | 13.11 | 11.75 | 11.61 | 9.87 | |||||||
| Oracle Corp. | — | 24.17 | 36.17 | 39.94 | 45.25 | 62.34 | 71.68 | 126.71 | 308.71 | — | — | — | — | — | — | — | 41.57 | 21.84 | 22.54 | 19.31 | 14.01 | 10.62 | 11.23 | 9.59 | |||||||
| Palantir Technologies Inc. | — | — | — | — | 58.42 | 25.89 | 14.70 | 12.62 | 14.90 | 12.89 | 12.41 | 7.43 | 6.94 | 6.12 | 8.63 | 6.46 | 10.48 | 21.63 | 23.50 | 19.63 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | 20.77 | 22.07 | 21.15 | 22.59 | 19.43 | 35.97 | 42.84 | 50.71 | 77.94 | 99.68 | 252.00 | 141.27 | 399.29 | 100.84 | 71.88 | 35.40 | 35.42 | 36.65 | 20.61 | 30.82 | 12.21 | 14.24 | |||||||
| ServiceNow Inc. | — | — | — | — | 21.71 | 21.21 | 19.70 | 18.37 | 20.60 | 15.73 | 16.49 | 16.55 | 18.36 | 18.56 | 21.02 | 25.22 | 30.36 | 38.72 | 35.47 | 32.82 | 40.91 | 37.26 | 33.38 | 29.58 | |||||||
| Synopsys Inc. | — | — | — | 7.82 | 8.48 | 10.75 | 12.58 | 13.16 | 14.02 | 10.87 | 10.66 | 9.58 | 9.24 | 9.90 | 8.43 | 8.17 | 10.50 | 9.38 | 7.26 | 8.37 | 7.57 | 7.04 | 6.04 | 5.41 | |||||||
| Workday Inc. | 7.15 | 8.10 | 8.27 | 6.87 | 8.63 | 9.42 | 9.39 | 8.63 | 8.58 | 6.81 | 8.11 | 8.93 | 12.68 | 17.74 | 15.82 | 17.19 | 18.38 | 16.33 | 20.36 | 16.49 | 15.54 | 16.40 | 18.29 | 22.98 | |||||||
Based on: 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 61,173,000,000 ÷ 961,000,000 = 63.66
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 291.97 ÷ 63.66 = 4.59
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Salesforce Inc. P/BV ratio increased from Q2 2025 to Q3 2025 but then slightly decreased from Q3 2025 to Q4 2025 not reaching Q2 2025 level. |