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).
Paying user area
Try for free
Salesforce Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Salesforce Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Salesforce Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
The financial ratios of the company display notable dynamics across the examined periods, reflecting varying market valuation and operational profit expectations.
- Price to Earnings (P/E) Ratio
- The P/E ratio exhibits significant volatility over time. Beginning with a rise from 104.23 in July 2020, it peaks dramatically around January 2023 at 879.57, indicating high investor expectations or possibly inflated valuation relative to earnings during that period. After this peak, the ratio declines steadily to 34.86 by July 2025, suggesting a normalization or stabilization in market valuation with respect to earnings.
- Price to Operating Profit (P/OP) Ratio
- This ratio follows a highly erratic trajectory initially, with an extreme high of 3682.1 in July 2020, before decreasing sharply through subsequent quarters. Peaks and troughs occur, including a resurgence to 2318.8 in April 2022, followed by a general downward trend that reaches 29.08 in July 2025. This pattern may reflect fluctuations in operating profitability relative to share price or transient operational challenges and market reassessments.
- Price to Sales (P/S) Ratio
- The P/S ratio shows a more moderate fluctuation compared to P/E and P/OP ratios. Starting from 8.72 in April 2020, the ratio climbs to a peak near 12.73 in July 2020, then declines steadily to a low of approximately 4.85 by October 2022. Subsequently, it increases again to around 9.47 in October 2024 before falling back towards 5.88 by July 2025. This trend may indicate changing investor sentiment about revenue growth prospects or evolving sales performance.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio exhibits a gradual decreasing trend from 6.42 in July 2020 to around 2.48 by October 2022, suggesting a diminishing market premium over book value. After this period, a recovery phase is noted with the ratio rising back to a peak of 6.02 in October 2024, followed by a decline to about 3.79 by July 2025. The fluctuations may reflect changes in asset valuation, investor confidence in the company's tangible book value, or shifts in financial structure.
In summary, the valuation ratios highlight considerable market sentiment changes and varying profitability and asset valuation over the observed timeframe. Peaks in earnings and operating profit multiples suggest periods of high growth expectations or market exuberance, while subsequent corrections point to recalibration of investor outlooks. The sales and book value ratios indicate periods of relative stability interspersed with revaluations linked to operational performance and asset perceptions.
Price to Earnings (P/E)
Salesforce Inc., historical P/E calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net income (loss) (in millions) | |||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||
| Datadog Inc. | |||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||
| Palantir Technologies Inc. | |||||||||||||||||||||||||||||
| Palo Alto Networks Inc. | |||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||
| Synopsys Inc. | |||||||||||||||||||||||||||||
| Workday Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
EPS
= (Net income (loss)Q2 2026
+ Net income (loss)Q1 2026
+ Net income (loss)Q4 2025
+ Net income (loss)Q3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The share price of the company exhibited notable volatility over the analyzed quarters. Initially, the price increased significantly from $176.36 to a peak near $271.10, followed by fluctuations with a downward trend reaching around $147.00. Subsequently, the price recovered steadily, experiencing highs close to $368.00 before tapering off somewhat toward the end of the period, settling around $244.01. This pattern suggests periods of market optimism interspersed with corrections and consolidations.
Earnings per share (EPS) showed considerable improvement from an initial negative value of -$0.19 to positive levels early in the timeline. EPS peaked in some intermediate quarters but displayed a temporary decline before embarking on a substantial upward trajectory, culminating in a value of $7.00 by the end of the period. This sustained increase in EPS points to underlying earnings growth, possibly driven by operational improvements or successful business initiatives.
The Price-to-Earnings (P/E) ratio demonstrated significant fluctuations and episodes of extreme valuation. Early positive EPS values corresponded with moderate P/E ratios ranging from approximately 48 to 147, then the ratio escalated sharply to extremely high levels exceeding 800 at one point, reflecting periods of depressed earnings or elevated market prices. Following this spike, the P/E ratio contracted substantially, settling into a band roughly between 35 and 60, indicative of a more normalized valuation environment relative to earnings.
- Share Price Trend
- Initial increase followed by a downturn and recovery with peaks near $368; ended with moderate volatility around $244.
- Earnings per Share (EPS) Evolution
- Transitioned from negative to positive, with steady growth especially pronounced in later quarters, reaching $7.00.
- Price-to-Earnings (P/E) Ratio Behavior
- Highly variable; experienced an extreme spike coinciding with low earnings and high prices, before stabilizing to more typical levels in the 35–60 range.
Overall, the data suggests that while share price experienced volatility correlated with changes in earnings and valuations, the company's profitability improved significantly over time, as reflected in the steady increase in EPS. The P/E ratio volatility indicates investors at times priced the stock with high expectations or skepticism, but the later moderation implies a market reassessment aligning price more closely with earnings performance.
Price to Operating Profit (P/OP)
Salesforce Inc., historical P/OP calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Income (loss) from operations (in millions) | |||||||||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||
| Datadog Inc. | |||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||
| Palantir Technologies Inc. | |||||||||||||||||||||||||||||
| Palo Alto Networks Inc. | |||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||
| Synopsys Inc. | |||||||||||||||||||||||||||||
| Workday Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Operating profit per share
= (Income (loss) from operationsQ2 2026
+ Income (loss) from operationsQ1 2026
+ Income (loss) from operationsQ4 2025
+ Income (loss) from operationsQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The analysis of the recent quarterly financial data reveals several important trends concerning share price dynamics, operating profit per share, and the price-to-operating-profit (P/OP) ratio.
- Share Price Trend
- The share price demonstrates considerable volatility over the observed periods. Initially, the price rose from $176.36 to a peak above $270 in mid-2020 before experiencing a downward trend that saw the price decline to levels near $147 by late 2022. Notably, after this trough, the share price experienced a recovery and even reached a peak of approximately $368 in late 2024, before correcting downward again to around $244 by mid-2025. This pattern indicates fluctuating investor confidence, with periods of optimism followed by corrections.
- Operating Profit Per Share (OPPS)
- Operating profit per share shows a strong and consistent upward trajectory throughout the entire period. From a slightly negative value in early 2020 (-$0.06), the figure turns positive by mid-2020 and continues to improve steadily. By early 2025, the operating profit per share has climbed to $8.39, reflecting substantial operational improvements and enhanced profitability on a per-share basis.
- Price-to-Operating-Profit Ratio (P/OP)
- The P/OP ratio exhibits significant fluctuation, particularly in the earlier periods, where extraordinarily high peak values indicate potential market overvaluation relative to operating profit. These peaks include exceptional values over 3000 in mid-2020, which then decrease dramatically over time. From early 2022 onward, the ratio generally declines, arriving at values below 40 by 2024-2025, which may signify a better alignment between market price and operational earnings, or a strengthening of profit metrics relative to price.
- Interrelation Insights
- The combination of these metrics suggests a market initially pricing shares at high premiums despite low operating profitability. As operating profits increased substantially, the share price movements became less aligned with operating profit growth, resulting in a compression of the P/OP ratio over time. This pattern could indicate a maturing market perspective, with investors placing greater emphasis on actual profitability.
- Overall Observations
- The data portrays a firm that has considerably improved its operational efficiency and profitability on a per-share basis over the observed period, while the market price has experienced periods of both optimism and correction. The reduction in the P/OP ratio over time suggests a rationalization of valuation metrics, potentially reflecting increased market confidence in sustainable earnings growth.
Price to Sales (P/S)
Salesforce Inc., historical P/S calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Revenues (in millions) | |||||||||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||
| Datadog Inc. | |||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||
| Palantir Technologies Inc. | |||||||||||||||||||||||||||||
| Palo Alto Networks Inc. | |||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||
| Synopsys Inc. | |||||||||||||||||||||||||||||
| Workday Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Sales per share
= (RevenuesQ2 2026
+ RevenuesQ1 2026
+ RevenuesQ4 2025
+ RevenuesQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited notable volatility over the observed periods. Initially, it increased significantly from 176.36 USD to a peak near 271.1 USD by mid-2020, followed by fluctuations that included a decline to around 147 USD by late 2022. Subsequently, the price rebounded strongly, reaching a peak of approximately 367.87 USD in late 2024 before experiencing a moderate decline towards the early months of 2025, settling near 244.01 USD. The data indicates periods of both sharp appreciation and correction.
- Sales Per Share Performance
- Sales per share displayed a consistent upward trajectory throughout the entire timeline. Starting from 20.23 USD, sales per share steadily increased each quarter, reaching 41.49 USD by the beginning of 2025. This reflects sustained revenue growth on a per-share basis, indicating improving operational performance or expanding business scale relative to the number of outstanding shares.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio showed considerable fluctuation aligned with changes in share price and sales per share. It started at 8.72 and peaked around 12.73 in mid-2020, suggesting that the market price grew faster than sales initially. Subsequently, the ratio decreased considerably, bottoming near 4.85 by late 2022, which reflects a period when share prices were relatively undervalued compared to sales growth. After this trough, the ratio climbed again, peaking around 9.47 in late 2024, indicating renewed market optimism or valuation expansion. Toward early 2025, the P/S ratio moderated to about 5.88, signifying a more balanced valuation relative to sales.
- Overall Insights
- The company experienced dynamic market valuation shifts alongside steady sales growth. Share price fluctuations were more pronounced than changes in sales per share, affecting the volatility in valuation multiples such as the P/S ratio. The periods of lower P/S ratios suggest phases where the market valuation was more conservative relative to the underlying sales performance, while higher ratios indicate increased investor confidence or speculative uplift. The sustained increase in sales per share supports a positive long-term operational trend despite short-term market price instability.
Price to Book Value (P/BV)
Salesforce Inc., historical P/BV calculation (quarterly data)
| Jul 31, 2025 | Apr 30, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | |||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | |||||||||||||||||||||||||||||
| Datadog Inc. | |||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||
| Palantir Technologies Inc. | |||||||||||||||||||||||||||||
| Palo Alto Networks Inc. | |||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||
| Synopsys Inc. | |||||||||||||||||||||||||||||
| Workday Inc. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Salesforce Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited considerable volatility over the analyzed periods. It peaked at 271.1 US$ in July 2020, followed by a general decline to a low of 147 US$ in October 2022. Subsequently, the price rebounded significantly, reaching the highest recorded value of 367.87 US$ in October 2024 before decreasing again toward the end of the data. This pattern indicates fluctuating market sentiment and varying investor confidence during these years.
- Book Value per Share (BVPS) Progression
- The BVPS showed a steady upward trajectory over time, rising from 38.36 US$ in April 2020 to 64.42 US$ in July 2025. The growth in book value per share reflects consistent accumulation of equity and suggests ongoing company value strengthening on a per-share basis, despite the fluctuations in market price.
- Price-to-Book Value (P/BV) Ratio Dynamics
- The P/BV ratio started elevated at 6.42 in July 2020 but generally trended downward to a low of 2.48 in October 2022, concurrent with the share price decline. This decrease suggests the market valuation became more conservative relative to the book value. Following this low, the ratio rose sharply, peaking again at 6.02 in October 2024, indicative of a renewed premium placed by investors on the company's shares, aligning with the substantial rise in share price observed during the same period. The ratio then declined to 3.79 by July 2025, indicating some normalization in valuation multiples.
- Summary of Observed Patterns
- The data reveals a resilient increase in fundamental company value through BVPS growth, contrasted with volatile market valuations as reflected in share price and P/BV movements. Periods of market price decline and low P/BV ratios may suggest market apprehension or sector-specific challenges, while phases of recovery and elevated multiples imply improved investor sentiment and growth expectations. The fluctuations in market pricing, alongside steady book value growth, highlight the importance of considering both market and fundamental metrics in the evaluation of the company's financial health.