Is Salesforce’s Stock Overvalued or Undervalued?

Is Salesforce’s Stock Overvalued or Undervalued?
People pass by the Salesforce Tower and Salesforce.com offices in New York City, N.Y., on March 7, 2019. Brendan McDermid/Reuters
Benzinga
Updated:

Salesforce.com, inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return of just 13 percent.

Salesforce stock has had a wild ride in recent years, but investors may be wondering whether there’s any value in Salesforce shares after the recent pullback.

Earnings

A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value.