Superworth

Salesforce price to book ratio CRM

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
5.3×
10-year median
4.9×
Against its 10-year history
61st
percentile: 0 is its lowest day, 100 its highest
10-year range
2.2× to 10.4×
Peer median
15.1×

Salesforce's price to book ratio is 5.3× as of Oct 23, 2026.

That is above its ten-year median of 4.9×, close to the middle of its last ten years.

Over that time it ranged from 2.2× in Dec 2022 to 10.4× in Mar 2018.

The median for 10 application software stocks of a similar size is 15.1×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far5.3×2.6×5.6×
20254.2×3.5×5.6×
20245.5×3.8×5.9×
20234.4×2.4×4.4×
20222.2×2.2×4.0×
20214.4×4.4×5.6×
20205.1×3.5×6.4×
20194.4×4.2×8.6×
20187.0×6.4×10.4×
20178.4×7.6×9.1×
20167.0×7.0×10.9×
201511.0×9.4×12.3×
201410.1×9.2×13.2×
201311.3×9.0×12.7×
201211.2×9.2×13.8×
20119.2×8.9×16.6×
201014.3×9.0×16.1×
200910.7×8.2×10.7×

Against its peers

Companies in Software - Application nearest Salesforce's size, closest first, today.

CompanyPrice to book ratio
CRMSalesforce5.3×
SHOPShopify17.1×
NOWServiceNow13.1×
UBERUber Technologies5.0×
ADPAutomatic Data Processing20.0×
SNOWSnowflake53.4×
ADBEAdobe8.7×
DDOGDatadog22.2×
INTUIntuit4.8×
CDNSCadence Design Systems12.7×
APPAppLovin27.5×
Peer median15.1×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Salesforce

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.