P/E Ratio Insights for Salesforce
Portfolio Pulse from Benzinga Insights
Salesforce Inc.'s (NYSE:CRM) share price is currently at $208.24, after a 0.49% increase. Despite a 6.77% decrease over the past month, the stock has risen by 45.23% over the past year. The company's P/E ratio of 129.51 is higher than the Software industry's aggregate P/E ratio of 122.1, suggesting that the stock may be overvalued.
October 10, 2023 | 1:15 pm
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Salesforce's P/E ratio is higher than the Software industry average, suggesting that the stock may be overvalued.
A high P/E ratio can indicate that a company's stock is overvalued, which could lead to a decrease in its stock price. Salesforce's P/E ratio is higher than the Software industry average, suggesting that the stock may be overvalued and could potentially decrease in price.
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