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The latest data point for CRM's EV/EBITDA ratio, as of Q4'26, stands at 14.291, reflecting a continued downward trajectory from the previous quarter's 19.077 in Q3'26 and marking the lowest value in the observed period. Over the timeframe from Q1'24 to Q4'26, the EV/EBITDA ratio exhibits a clear declining trend, starting at a high of 41.034 in Q1'24 and progressively falling with intermittent fluctuations, including a sharp drop to 21.222 in Q1'25 followed by a brief rebound to 33.385 in Q3'25 before resuming its descent to the current low. This overall pattern suggests improving valuation multiples relative to earnings, potentially driven by operational efficiencies or market dynamics, though the area chart highlights periods of volatility, such as the stabilization around 33-34 in Q3'24 to Q4'24. Key insights include a 65% reduction from the peak, underscoring a favorable shift for value-oriented investors.