Price Over Earnings Overview: Salesforce
Portfolio Pulse from Benzinga Insights
Salesforce Inc.'s (NYSE:CRM) share price is currently at $198.20, after a 0.83% increase. Over the past month, the stock decreased by 0.82%, but it spiked by 24.01% in the past year. Salesforce's P/E ratio of 122.86 is higher than the Software industry's aggregate P/E ratio of 110.18, indicating that investors expect the company to perform better in the future, but the stock may be overvalued.
October 30, 2023 | 3:15 pm
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Salesforce's P/E ratio is higher than the industry average, indicating high investor expectations. However, the stock may be overvalued.
Salesforce's P/E ratio is higher than the industry average, which suggests that investors have high expectations for the company's future performance. However, a high P/E ratio can also indicate that a stock is overvalued, which could lead to a price correction in the future.
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