Salesforce, Inc.

NYSE: CRM·San Francisco, California·

Price
$229.60
Base IV
$111.81
Your value
$111.81
-51.3%

Valuation snapshot

Above bull caseOut of date
$229.60
price, off scale
$111.81
base IV/share
Bear $59.33Bull $176.85

Price is above even the bull case. Price as of Oct 1, 2026 · Valuation Aug 16, 2026.

Researched bygpt-5.6-sol

Track record

Reported financials are not available yet.

Why the gap?

At $229.60 the market is pricing Salesforce, Inc. as if revenue grows 24.0% a year. This valuation assumes it grows 9.0% a year. That single disagreement accounts for most of the distance between the two numbers — which makes it the first thing worth auditing.

Implied by price

+24.0%

revenue growth a year, holding everything else researched

Assumed here

+9.0%

researched base case, grounded in filings and guidance

Or, growth held

45.1%

operating margin reproduces the price, vs 25.0% assumed

Many combinations of assumptions reproduce the same price. These are ways to read what the market might expect, not its actual view.

Your valuation

Four judgments stand between the filing and a number. Audit them one at a time and leave with a valuation that is yours.

  • 01 Revenue growth11.0%
  • 02 Operating margin25.0%
  • 03 Risk and beta1.28
  • 04 Long-run growth2.5%
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What drives the base case

All three cases →

Salesforce's contracted backlog is growing faster than recent annual sales, and its newer data and AI products are expanding much faster than the core application group. This case assumes those products sustain company growth near management's medium-term objective before normal maturation. Costs grow more slowly than sales, but Salesforce continues investing heavily enough to protect the platform.

What shapes the assumptions

No structured value drivers are attached to this valuation yet.

How confident is this estimate?

Quality checks
59/100Moderate

Some of any gap to the price is model uncertainty rather than real disagreement. Start with the weakest components.

  • Scenario dispersion4.7
  • Terminal-value dependency0.0
  • Historical stability8.3
  • Margin predictability9.1

Why the number moved

No prior valuation bridge is available yet. Future recalculations will explain what moved.

Base estimate

$111.81 -51.3%

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