As of the most recent data point on 2026-01-31 (Q4'26), Salesforce's EV/Sales ratio stands at 17.67, marking a notable decrease from the previous quarter's value of 22.81. This latest figure represents the lowest level observed in the covered period. Over the timeframe from Q1'24 to Q4'26, the EV/Sales ratio exhibited considerable volatility. The metric peaked at 37.64 in Q3'25, followed by a sharp decline in subsequent quarters. After reaching highs above 30 in late 2024 and mid-2025, the ratio trended downward, indicating a contraction in valuation relative to sales. This suggests shifting market sentiment or changes in revenue growth expectations for Salesforce during this period.