Salesforce, Inc. (CRM)

Services-Prepackaged Software

Latest Price

$229.57

TTM P/E

20.95

Normalized P/E

44.66

Div Yield

0.56%

Book Value

46.63

P/B Ratio

4.92

Valuation metrics

EPS: $7.80

Book value / share: $63.66

Formula: √(22.5 × EPS × BVPS)

Graham Number

$105.70

54% downside

Base FCF: $6.3B (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$498.08

+117% upside

EPS: $7.80

Target P/E: 45×

Formula: EPS × P/E

P/E Fair Value

$351.00

+53% upside

90.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	72.75M	$11.40B	8.87%	-6.94M	2026-06-30
Vanguard Capital Management LLC	52.07M	$8.16B	6.35%	-7.27M	2026-06-30
State Street Corp	44.87M	$7.05B	5.47%	-4.08M	2026-06-30
Morgan Stanley	23.31M	$3.65B	2.84%	-8.36M	2026-06-30
Jane Street Group, LLC	22.06M	$3.46B	2.69%	-3.17M	2026-06-30
Geode Capital Management, LLC	19.81M	$3.10B	2.42%	-2.41M	2026-06-30
Harris Associates L P	16.15M	$2.53B	1.97%	+1.23M	2026-06-30
Vanguard Portfolio Management LLC	16.10M	$2.52B	1.96%	-3.31M	2026-06-30
Arrowstreet Capital, Limited Partnership	13.28M	$2.08B	1.62%	+619.4K	2026-06-30
Citadel Advisors LLC	12.65M	$1.98B	1.54%	+1.06M	2026-06-30