Good afternoon peeps,
How does one justify Salesforce’s (CRM) P/E ratio of 948? For every $948, you’re getting $1 earned? I know things don’t exactly work that way, but what business man could justify buying into that. Analysts would have us believe that we are buying at a discount too, considering the stock is over $100 down from its peak.
But that also tells us that the P/E was even higher.
Salesforce is being given “strong buy” signals by every analyst on the planet. Is the company just that strong, in order to justify how overvalued it is?
If anybody knows a thing or two about what CRM does as a company, please share.
Leave a Reply