Today’s price in terms of revenue and profit per share is cheaper than at almost any quarter since January 2007
At $247.72, CRM costs about 5 times sales and 21 times earnings. Both the sales multiple and the earnings multiple are the 2nd lowest in 10 years.
The reason is straightforward. Since January 2025 the share price fell 28 percent while sales rose 38 percent.
| Jan 2025 | Now | |
|---|---|---|
| Stock Price | $341.70 | $247.72 |
| Sales per share | $38.91 | $53.52 |
| Stock Price / sales | 8.78× | 4.63× |
| Oct 2023 | Now | |
|---|---|---|
| Stock Price | $200.83 | $247.72 |
| Earnings per share | $2.64 | $11.77 |
| Stock Price / earnings | 76.01× | 21.05× |
| Stock Price / sales | Stock Price / earnings | |
|---|---|---|
| Last 3 years | 2nd cheapest of last 12 quarters | 2nd cheapest of last 12 quarters |
| Last 5 years | 2nd cheapest of last 20 quarters | 2nd cheapest of last 20 quarters |
| Last 10 years | 2nd cheapest of last 40 quarters | 2nd cheapest of last 38 quarters |
| All time | 5th cheapest of 79 quarters | 2nd cheapest of 59 quarters |
From here, CRM would need to rise 186% to reach the middle of its own earnings range. Its median price-to-earnings multiple over the past five years is 60.26 times. Applied to today’s trailing earnings of $11.77 per share, that points to a price of $709.13.
The gap is narrower on the sales side. The five-year median multiple of 6.33 times, applied to trailing sales of $53.52 per share, implies a price of $338.58, or 37% higher than today’s level.
“Cheap” in this analysis means inexpensive only relative to CRM’s own historical range. It does not speak to valuation versus peers or to the intrinsic value of the business. A multiple can remain low for years if the market has simply re-rated the company.
The Revenue vs Price tool charts a company’s revenue against its share price and shows where the multiple sits today.
Open Revenue vs Price
Comments
Loading comments…