CRM

Salesforce, Inc.Technology / Software - ApplicationINTACT

Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time. It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs. It serves financial services, healthcare and life sciences, manufacturing, automotive, and government sectors. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.

Share Price
$249.15
52W: $146.32 - $269.11
DCF Fair Value
$474.60
+47.5% MoS
P/E (TTM)
22.8x
ROIC
16%
Operating Margin
21.4%
FCF Yield
8.6%
Debt / Equity
1.1x
Piotroski Score
8/9
Altman Z-Score
3.23
Market Cap
$205.1B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$474.60
MOS Buy Target (-25%)
$355.95
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$249.15
DCF Fair Value
$475.27
+47.6% MoS
$17,732M
$100M$17,732M (Reported)$50,000M
10.7%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
$31,000M
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$177.5B
PV of Terminal Value
$244.7B
Implied Enterprise Value
$422.2B
Implied Equity Value
$391.2B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$19,629$21,730$24,055$26,629$29,478$30,804$32,191$33,639$35,153$36,735
Present Value (PV)$18,009$18,289$18,575$18,864$19,159$18,368$17,609$16,882$16,185$15,517

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-132.9% Premium
$106.99

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $10.91BVPS: $46.63
Revised Graham Formula-1.7% Premium
$245.02

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings8.2% Yield
$20.47 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $16.8BYield: 8.2%

Reverse DCF: Market Growth Expectation

EXTREMELY LOW BARRIER
-1.7% CAGR (Next 10 Yrs)

At the current price of $249.15, the market is assuming the business will compound Free Cash Flow at -1.7% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
✓ Low market hurdle: Easy for a wide-moat compounder to beat.
Autonomous Thesis Underwriting

Surveil CRM with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Salesforce, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 21.4% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: Salesforce, Inc. (CRM) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Salesforce, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Salesforce, Inc. has an estimated DCF intrinsic fair value of $474.60 per share compared to its current market price of $249.15. This represents an estimated 47.5% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $106.99.

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