Salesforce or Oracle: which stock is cheaper in 2026?
As of October 5, 2026, Salesforce (CRM) trades at 21.4× earnings (P/E) and Oracle (ORCL) at 22.3×, according to Kaplio. The median across the 250 technology companies above $2bn in Kaplio's universe is 35.2×. Kaplio's verdict: Salesforce, cheap; Oracle, fairly priced. Value range by multiples: $385 for Salesforce and $152–$224 for Oracle. Against its own value range, Salesforce is the cheaper of the two today.
According to the Kaplio Summary
The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.
| Salesforce (CRM) | Oracle (ORCL) | |
|---|---|---|
| Summary valuation | cheap ($385) | fairly priced ($152–$224) |
| The four lights | Valuation: P/E 21.4× (cheap) Business: ROIC 9 % (fair) Balance sheet: Net debt/EBITDA 0.7× (solid) Results: 7 of 8 (on track) | Valuation: P/E 22.3× (fairly priced) Business: ROIC 8 % (weak) Balance sheet: Net debt/EBITDA 3.9× (fragile) Results: 5 of 8 (uneven) |
| Expected return (per year) | — | — |
| Buffett method | quality 75 · would not approve | quality 77 · would not approve |
| Lynch method | fast grower · would wait | stalwart · would wait |
Metrics side by side
| Metric | Salesforce (CRM) | Oracle (ORCL) |
|---|---|---|
| Overview | ||
| Market Cap | $192B | $410B |
| Price | $234.69 | $142.30 |
| Valuation | ||
| P/E | 21.4× | 22.3× |
| P/B | 4.9× | 6.3× |
| P/S | 4.3× | 5.7× |
| EV/EBITDA | 14.3× | 14.0× |
| FCF Yield | 7.9 % | -7.0 % |
| Dividend Yield | 0.7 % | 1.4 % |
| Profitability | ||
| ROIC | 9.0 % | 8.0 % |
| ROE | 20.2 % | 42.6 % |
| Gross Margin | 77.3 % | 63.9 % |
| Operating Margin | 21.4 % | 32.4 % |
| Net Margin | 22.0 % | 26.4 % |
| Growth | ||
| Revenue 5Y CAGR | 14.3 % | 10.7 % |
| EPS 5Y CAGR | 11.9 % | 4.9 % |
| FCF 5Y CAGR | 28.6 % | — |
| Balance Sheet | ||
| Net Debt / EBITDA | 0.7× | 3.9× |
| Debt / Equity | 1.1× | 2.3× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.