Salesforce Inc. (NYSE:CRM)

The share price demonstrated a general upward trajectory over the analyzed period, despite notable fluctuations. Initial values in the early years were modest, rising from $3.61 in 2005 to a peak of $185.85 in 2013. This peak was followed by a significant decline to around $63.68 in 2014, after which the price resumed an upward trend, reaching a high of $303.77 in 2024 before experiencing a slight decline to $291.97 in 2025. This pattern suggests periods of strong growth interrupted by corrections or volatility possibly due to market or company-specific events.

Operating profit per share exhibited more variability over the years. The metric started low at $0.02 in 2005, fluctuated between positive and negative values in the subsequent years, with some negative values observed notably in 2007, 2012, and between 2013 and 2015. From 2016 onward, there is a clearer recovery and positive trend in operating profit per share, culminating in a substantial increase reaching $7.50 by 2025. This indicates improving operational efficiency and profitability toward the end of the period.

The Price to Operating Profit (P/OP) ratio showed significant volatility and wide-ranging values, reflecting the combined effect of share price fluctuations and operating profit changes. Early years feature high ratios exceeding 200, with some gaps where data is missing. Extremely high ratios are evident in 2017 and 2018, surpassing 900, indicating that the share price was very high relative to operating profit during that time. More recently, the P/OP ratio declined sharply, falling to below 60 by 2025, suggesting that the share price has become more aligned with the improved operating profit per share, potentially indicating a more balanced valuation relative to earnings.

Summary of Trends

The share price experienced significant growth overall, though with periods of volatility and correction.

Operating profit per share showed initial inconsistency with some losses but improved markedly in the latter years, especially after 2016.

P/OP ratios reflect a market intermittently pricing the shares at high multiples of operating profit, with recent years indicating a more reasonable valuation in relation to profitability.

The combination of rising share price and strengthened operating profit per share in recent years suggests enhanced financial performance and market confidence.