Salesforce, Inc.
NYSE: CRM·San Francisco, California·CIK 0001108524
- Price
- $229.60
- Base IV
- $111.81
- Your value
- $111.81
- -51.3%
Valuation snapshot
Price is above even the bull case. Price as of Oct 1, 2026 · Valuation Aug 16, 2026.
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%
About 4 minutes · no account needed
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 checksSome 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%

