Stock · CRM · Technology

Salesforce.com Inc

United States · Large Cap · listed since 2004 · Revenue 12 mo. $43.9B

Price as of 11/06/2026

StockScorer score
6.4
of 10 7 of 11 points High Match To the score
Price
$213.65
1 Y −20.3%
Market cap
$178.2B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue +9.8% a year (3 years)EBIT margin 21.5%Payout 93.6% of operating cash flow

Summary

Salesforce.com Inc is above the middle of the Technology sector overall

62.8 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 1.5% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €12.9B (2026), it supports €143.6B. The remaining €16.3B of the market value assume it grows 1.5% a year for 10 years and not at all afterwards.

Required FCF growth per year

1.5%

no growth afterwards

Market value breakdown€159.9B market value, price as of 11/06/2026

€143.6B without growth
€16.3B priced-in growth
  • 5 yrs achieved 32.3%
  • 10 yrs achieved 28.6%
  • priced in 1.5%

Valuation against its own history

Price to operating cash flow 11.1×, below its usual range.

Middle half of 20 quarters: 19.6× to 26.5×, median 22.3×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

3 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 1.5%, achieved at least 28.6%
  • High, stable gross margin median 74.2%, range 4.3 pp (10 years)
  • Low capital needs capex median 3.0% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Volatile earnings 4 drops or sign changes in up to 10 years

AI summary of the 2026 annual report

The business of Salesforce.com Inc according to its report

A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.

Form 10-K, fiscal year ended 01/31/2026, filed 03/02/2026. Open the report at the SEC

Business model according to the report

  • The company sells its services to businesses worldwide, mainly on a subscription basis, directly and also through partners.

    Quote
    We sell to businesses worldwide, primarily on a subscription basis, through our direct sales efforts and also indirectly through partners.
  • Agentforce lets customers build, deploy and manage autonomous AI agents at scale, so people and agents can work together.

    Quote
    Agentforce enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together.
  • Tableau lets customers view, analyze and act on data from any source.

    Quote
    Built on the Agentforce 360 Platform, Tableau enables customers to visualize, analyze, and act on data from any source
  • The company offers industry-specific products for sectors such as financial services, healthcare and life sciences, manufacturing, automotive and government.

    Quote
    Our industry vertical offerings meet the specific needs of our customers across different industries, such as financial services, healthcare and life sciences, manufacturing, automotive and government.
  • The company offers Starter Suite, an all-in-one solution for small and medium-size businesses that brings sales, service, marketing and commerce together.

    Quote
    We offer Starter Suite, an all-in-one, easy-to-use solution for small and medium-size businesses that brings sales, service, marketing and commerce together.

Customers according to the report

  • The company sells to businesses of all sizes in almost every industry worldwide.

    Quote
    We sell to businesses of all sizes and in almost every industry worldwide.
  • Customers and potential customers operate in many industries, including financial services, the public sector, healthcare and telecommunications.

    Quote
    Our customers and potential customers conduct business in a variety of industries, including financial services, the public sector, healthcare and telecommunications.
  • The number of paid subscriptions per customer ranges from one to hundreds of thousands.

    Quote
    The number of paying subscriptions at each of our customers ranges from one to hundreds of thousands.

Competition according to the report

  • The market for the company's service offerings is very competitive, changes quickly and is split among many providers. Barriers to entry are low.

    Quote
    The market for our service offerings is highly competitive, rapidly evolving and fragmented, and subject to changing technology with low barriers to entry
  • AI-native companies and startups that build on generative AI and large language models may offer specialized or automated solutions that bypass traditional workflows.

    Quote
    AI-native companies and emerging startups that leverage generative AI and large language models as the core foundation of their architecture, offering highly specialized, autonomous, or automated solutions that may bypass traditional business process workflows or displace established user interfaces
  • Competitors may respond more quickly and effectively than the company to new opportunities, technologies or customer requirements. They may offer competitive pricing, more flexible contracts or faster implementations.

    Quote
    Our competitors may be able to respond more quickly and effectively than we can to new or changing opportunities, technologies, standards or customer requirements, or provide competitive pricing, more flexible contracts or faster implementations.

Risks according to the report

  • So far the company has not found any security incidents with a material financial impact on it. It cannot be assured that future incidents will not be material or significant.

    Quote
    Although to date we have not identified any security incidents involving our systems that have had a material financial impact on us, there can be no assurance that future incidents will not be material or significant.
  • AI applications may be targeted or misused, or may perform in ways that are inaccurate, biased, unreliable or harmful.

    Quote
    AI applications may be targeted or misused, or may perform in ways that are inaccurate, biased, unreliable or otherwise harmful
  • Ongoing securities class action litigation and related stockholder derivative claims are brought against Slack. The company may ultimately be liable for them or have to pay settlement costs.

    Quote
    we are subject to ongoing securities class action litigation and related stockholder derivative claims brought against Slack that remain outstanding, and as to which we may ultimately be subject to liability or settlement costs.

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 1 of 1 change for the better.

  • Shares outstanding871M → 821M−5.7%better

7 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, EBIT margin, FCF margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability74.8above the middleEarns more than the sector: Return on capital (Greenblatt) 174.06%, sector 29.77%.
MetricStockSector medianPosition in sector
Return on equity12.61%14.60%Rank 42
Return on capital (Greenblatt)174.06%29.77%Rank 91
EBIT margin21.47%17.40%Rank 63
FCF margin34.68%18.54%Rank 90
Gross margin77.68%48.47%Rank 88
Growth53.1around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year9.58%12.70%Rank 39
Earnings growth, 3 years per year234.38%9.54%Rank 100
Earnings growth, 5 years per year12.24%14.07%Rank 41
Sustainable growth (ROE × retained earnings)1.43%2.87%Rank 32
Valuation68.0above the middleValued lower than the sector: FCF yield 8.08%, sector 3.06%.
MetricStockSector medianPosition in sector
Earnings yield3.65%2.64%Rank 66
FCF yield8.08%3.06%Rank 88
EV/saleslower is better4.475.18Rank 56
EV/EBITlower is better20.8326.24Rank 63
Momentum65.7above the middleShare price doing better than the sector: Share price, 3 months 15.98%, sector −5.84%.
MetricStockSector medianPosition in sector
Share price, 1 year−20.31%−0.59%Rank 28
Share price, 6 months17.99%−4.46%Rank 76
Share price, 3 months15.98%−5.84%Rank 86
Distance from 52-week high−19.75%−33.23%Rank 73
Quality66.6above the middleQuality above the sector: Price reaction to results, market-adjusted 22.12%, sector −1.57%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better0.98%1.65%Rank 54
Change in share countlower is better−1.85%−0.17%Rank 75
Dividend streak in years18Rank 39
Price reaction to results, market-adjusted22.12%−1.57%Rank 98
Balance sheet & risk48.6around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio52.66%53.98%Rank 48
Net debt/EBITDAlower is better0.58−0.20Rank 33
Debt to equitylower is better0.290.33Rank 54
Volatility, 1 yearlower is better47.47%50.37%Rank 60

Ten years in figures

Revenue from $8.4B (2017) to $41.5B (2026), 19.4% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt
20178.42.6%1.7700M$1.1B
201810.52.3%2.2735M−$44.0M
201913.34.0%2.8775M$507.0M
202017.11.2%3.7850M$1.7B
202121.32.1%4.1930M$86.0M
202226.57.0%5.3974M$8.5B
202331.49.3%6.3997M$7.1B
202434.914.4%9.5984M$4.1B
202537.919.0%12.4974M$2.5B
202641.521.5%14.4956M$9.8B
6.4 / 10High MatchStockScorer score7 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Salesforce.com Inc mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Salesforce.com Inc's score is built

Salesforce.com Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

7 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Salesforce.com Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • High-Growth / Rule of 40
  • Undervalued Stocks: Multi-Factor Check
  • Earnings Quality: Accrual Check (Sloan)
  • Growth Momentum (CAN SLIM principle)
  • Magic Formula: Value + Quality
  • Levermann Strategy (13 Criteria)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • PEG Strategy (inspired by Peter Lynch)

Salesforce.com Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Salesforce.com Inc.

MetricStockSector
P/E ratio27.435.1
P/B ratio3.55.5
Return on equity (ROE)12.6%14.6%
Equity ratio52.7%54.0%
Debt-to-equity (D/E)0.290.33
Dividend yield0.8%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
CRMSalesforce.com Incthis page
UBERUber Technologies IncHigh8.2
ADPAutomatic Data Processing IncHigh6.4
NOWServiceNow IncHigh8.2
SNOWSnowflake Inc.locked
ADBEAdobe Inc.locked

Frequently asked questions about Salesforce.com Inc stock

How does Salesforce.com Inc stock (CRM) score in the StockScorer model?
Salesforce.com Inc stock reaches a StockScorer score of 6.4 out of 10, which is a high match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Salesforce.com Inc's P/E ratio?
Salesforce.com Inc's P/E ratio is 27.4. The Technology sector median is 35.1.
What sector is Salesforce.com Inc in?
Salesforce.com Inc is assigned to the Technology sector. Its rank within the sector is 62.8 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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