CRM 0.00%↑ operates in the software systems and application industry alongside competitors like MSFT 0.00%↑, ORCL 0.00%↑ and ADBE 0.00%↑. For this analysis, I used an un-levered beta of 1.23 which was re-levered to 1.2. In addition, I also used an ERP of 4.5% (US equity), an effective tax rate of 21.67%, and a risk free rate of 3.76%.
Since the interest expenses are not available for CRM 0.00%↑ on Stock Analysis, I used the 10-year (2036) Salesforce bond maturity rate for the pre-tax cost of debt which is 5.55%. Now with those parameters out of the way, here is some information from the company’s investor presentations and earnings around FY 27 guidance.
In their FY ‘27 (2026) guidance, CRM 0.00%↑ management describes several ranges for key metrics and I use the midpoint of those just like the other analysis I have done. Based on this, I used a 10.5% revenue growth rate and a 20.9% operating margin for Year 1.
