Salesforce (BUE:CRM) Cyclically Adjusted PS Ratio: 7.88 (As of Aug. 28, 2026) — 43% Below Median

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Director of Data and Quant Analytics at GuruFocus
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BUE:CRM Salesforce Inc BUE:CRM
81 GF Score
Price ARS22,490.00
GF Value ARS29,780.85
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Salesforce Cyclically Adjusted PS Ratio?

Salesforce BUE:CRM +22.56% 81 Cyclically Adjusted PS Ratio is 7.88 as of Aug. 28, 2026, which is 43% below its 10-year median of 13.88. GuruFocus rates BUE:CRM with a GF Score™ of 81/100 and a GF Value™ of ARS29,780.85 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,586 Software companies, Salesforce ranks worse than 86.95% on this metric.

As of today (2026-08-28), Salesforce's current share price is ARS22490.00. Salesforce's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 was ARS2,855.66. Salesforce's Cyclically Adjusted PS Ratio for today is 7.88.

The historical rank and industry rank for Salesforce's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:CRM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.8   Med: 13.88   Max: 23.05
Current: 7.72

During the past years, Salesforce's highest Cyclically Adjusted PS Ratio was 23.05. The lowest was 4.80. And the median was 13.88.

BUE:CRM's Cyclically Adjusted PS Ratio is ranked worse than
86.95% of 1586 companies
in the Software industry
Industry Median: 1.65 vs BUE:CRM: 7.72

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Salesforce's adjusted revenue per share data for the three months ended in Jul. 2026 was ARS20,575.733. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS2,855.66 for the trailing ten years ended in Jul. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Salesforce  (BUE:CRM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Salesforce Cyclically Adjusted PS Ratio Related Terms


Salesforce Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Salesforce's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Salesforce Cyclically Adjusted PS Ratio Chart

Salesforce Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.44 8.56 12.27 12.96 7.08

Salesforce Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.14 8.94 7.08 5.59 5.63

BUE:CRM vs UBER, SHOP, NOW: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Salesforce's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Salesforce Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Salesforce's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Salesforce's Cyclically Adjusted PS Ratio falls into.


BUE:CRM
81GF Score
Salesforce Inc BUE:CRM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Salesforce Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Salesforce's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=22490.00/2855.66
=7.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Salesforce's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Salesforce's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=20575.733/333.9180*333.9180
=20,575.733

Current CPI (Jul. 2026) = 333.9180.

Salesforce Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 47.666 241.729 65.845
201701 52.420 242.839 72.081
201704 51.129 244.524 69.821
201707 62.931 244.786 85.846
201710 64.743 246.663 87.645
201801 74.973 247.867 101.001
201804 80.169 250.546 106.846
201807 122.423 252.006 162.215
201810 178.367 252.885 235.522
201901 172.880 251.712 229.340
201904 203.956 255.548 266.504
201907 213.520 256.571 277.889
201910 295.676 257.346 383.653
202001 318.051 257.971 411.686
202004 343.481 256.389 447.346
202007 393.923 259.101 507.671
202010 439.984 260.388 564.229
202101 519.207 261.582 662.785
202104 582.331 267.054 728.133
202107 639.072 273.003 781.668
202110 677.181 276.589 817.541
202201 749.237 281.148 889.865
202204 822.688 289.109 950.196
202207 967.121 296.276 1,089.994
202210 1,154.468 298.012 1,293.564
202301 1,505.280 299.170 1,680.115
202304 1,476.187 303.363 1,624.870
202307 2,239.747 305.691 2,446.562
202310 3,111.111 307.671 3,376.516
202401 7,653.491 308.417 8,286.308
202404 7,950.717 313.548 8,467.244
202407 8,749.974 314.540 9,289.037
202410 9,492.933 315.664 10,041.884
202501 10,818.786 317.671 11,372.103
202504 11,804.945 320.795 12,287.859
202507 14,045.312 323.048 14,517.912
202510 15,512.375 0.000
202601 17,244.181 325.252 17,703.634
202604 17,779.504 333.020 17,827.447
202607 20,575.733 333.918 20,575.733

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 7.88 mean?
Salesforce (BUE:CRM) has a Cyclically Adjusted PS Ratio of 7.88 as of Aug. 28, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Salesforce and its competitors. This is 43% below median its historical median of 13.88. Over the past decade, Salesforce's Cyclically Adjusted PS Ratio has ranged from 4.80 to 23.05. According to the industry distribution chart, Salesforce ranks #1379 out of 1586 companies in the Software industry, placing it in the top 86.9%.
Is Salesforce's Cyclically Adjusted PS Ratio too high?
Salesforce's current Cyclically Adjusted PS Ratio of 7.88 is 43% below median its 10-year median of 13.88. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 23.05. The Software industry median Cyclically Adjusted PS Ratio is 1.65. Salesforce's value of 7.88 is 377.6% above this industry median. Based on the distribution chart, Salesforce ranks #1379 out of 1586 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Salesforce has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Salesforce's Cyclically Adjusted PS Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Salesforce ranks #1379 out of 1586 companies for Cyclically Adjusted PS Ratio. This places Salesforce in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. Salesforce's value of 7.88 is 377.6% above this benchmark. Historically, Salesforce's own Cyclically Adjusted PS Ratio has ranged from 4.80 to 23.05 over the past decade. While the company's 10-year median is 13.88 vs. the industry median of 1.65, Salesforce has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,586 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Salesforce's current Cyclically Adjusted PS Ratio of 7.88 is 377.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Salesforce and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Salesforce's current Cyclically Adjusted PS Ratio is 7.88, which is 43% below median its own 10-year median of 13.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salesforce stock overvalued right now?
Based on GuruFocus' analysis, Salesforce (BUE:CRM) is currently considered Modestly Undervalued. The stock's GF Value™ is ARS29,780.85, compared to a current price of ARS22,490.00 — trading 24.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 7.88, which is 43% below median its 10-year median of 13.88 and 377.6% above the Software industry median of 1.65. Salesforce's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Salesforce (BUE:CRM), the current Cyclically Adjusted PS Ratio is 7.88 as of Aug. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Salesforce (BUE:CRM) Overvalued in 2026?

Based on GuruFocus' analysis, Salesforce stock appears to be undervalued. The current stock price of ARS22,490.00 is trading 24.5% below its estimated GF Value™ of ARS29,780.85. GuruFocus considers Salesforce to be Modestly Undervalued.

Key valuation signals for BUE:CRM:

  • Cyclically Adjusted PS Ratio: 7.88 (43% below median its 10-year median of 13.88)
  • GF Value™: ARS29,780.85 vs. price of ARS22,490.00 (24.5% below fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 377.6% above the Software median (#1379 of 1586)

No single metric tells the full story. See the BUE:CRM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Salesforce Business Description

Address 415 Mission Street, 3rd Floor, Salesforce Tower, San Francisco, CA, USA, 94105
Salesforce provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.
81GF Score

Get the complete analysis for BUE:CRM

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

ARS22,490.00
Price
ARS29,780.85
GF Value