CRM
Salesforce, Inc.
stock NYSE

disagree completely and so would most other people who work for CRM companies that aren't executives or salespeople. have you ever heard of a CRM customer that's happy with their arrangement? better part of a decade in CRM and ive never seen it.

CRM will be one of the biggest casualties in the shift to AI, they’re outdated, arrogant and moving too slowly

Buy enterprise software that are key systems of record. Buy MSFT/CRM. Dont look at it. CRM you will be up 50-100% in 12-18mths

I'm hesitant to think that RDDT is going to pop in the next 10 years like AMZN and NVDA.
I've included EPS and sources are cited below
| Stock | Forward P/E | PEG | EBITDA | EBITDA Margin | Margin / P/E | EPS FY This Year | EPS FY Next Year | Earnings Durability |
|-------|-------------|-----|--------|---------------|--------------|------------------|------------------|---------------------|
| ADBE | 11.25 [1] | 0.42 [2] | $12.6B [3] | 38.9% [3][4] | 3.46 | 23.40 [4] | 27.04 [5] | ⭐⭐⭐⭐⭐ |
| CRM | 14.53 [6] | 0.68 [7] | $13.2B [8] | 29.3% [8] | 2.02 | 11.88 [9] | 13.26 [9] | ⭐⭐⭐⭐⭐ |
| INTU | 17.24 [10] | 0.64 [11] | $7.8B [12] | 30.1% [12] | 1.75 | 23.67 [13] | 27.02 [13] | ⭐⭐⭐⭐⭐ |
| RDDT | 44.40 [14] | 1.72 [15] | $457.9M [16] | 20.8% [16][17] | 0.47 | 2.62 [18] | 3.05 [18] | ⭐⭐⭐ |
[1] https://stockanalysis.com/stocks/adbe/statistics/
Adobe Forward P/E
[2] https://stockanalysis.com/stocks/adbe/statistics/
Adobe PEG ratio
[3] https://stocksguide.com/en/forecast/Adobe-US00724F1012
Adobe EBITDA forecast
[4] https://www.investing.com/analysis/adobe-gets-postearnings-lift-longterm-outlook-favors-upside-200671898
Adobe revenue and EPS
[5] https://stockanalysis.com/stocks/adbe/forecast/
Adobe EPS forecast
[6] https://finance.yahoo.com/quote/CRM/
Salesforce Forward P/E
[7] https://stockanalysis.com/stocks/crm/statistics/
Salesforce PEG ratio
[8] https://finance.yahoo.com/quote/CRM/key-statistics/
Salesforce EBITDA and margin
[9] https://finance.yahoo.com/quote/CRM/analysis/
Salesforce EPS estimates
[10] https://finance.yahoo.com/quote/INTU/
Intuit Forward P/E
[11] https://stockanalysis.com/stocks/intu/statistics/
Intuit PEG ratio
[12] https://finance.yahoo.com/quote/INTU/key-statistics/
Intuit EBITDA and margin
[13] https://finance.yahoo.com/quote/INTU/analysis/
Intuit EPS estimates
[14] https://finance.yahoo.com/quote/RDDT/
Reddit Forward P/E
[15] https://stockanalysis.com/stocks/rddt/statistics/
Reddit PEG ratio
[16] https://stockanalysis.com/stocks/rddt/statistics/
Reddit EBITDA
[17] https://stockanalysis.com/stocks/rddt/financials/
Reddit revenue and margin
[18] https://finance.yahoo.com/quote/RDDT/analysis/
Reddit EPS estimates

ADBE, CRM, INTU

Interesting list. Curious on your take re $CRM specifically, do you see Agentforce as more of a moat (stickier workflows) or more of a margin headwind (higher compute/support) over the next 12-24 months? Ive been trying to map out what actually matters for AI agents in enterprise, things like tool access, guardrails, and evals. This writeup had a decent checklist on agent reliability if helpful: https://www.agentixlabs.com/blog/

I like rddt and CRM

SaaS
\- $RDDT -> data for AI
\- $ADBE -> 97% of fortune 500s
\- $CRM -> agent force could solve their headwind
Financials
\- $SCHW -> inflow dominance
\- $LPL -> inorganic growth machine
Hunterbrook reporting (just following their team)
\- $EVLV
\- $JMIA
\- $ACHV

Quick skim of Original Dissemination Id 882767055 and it spans Chewy, GME, GEF, IEP, MSTR, PSKY, RCL, SIRI, U, VSCO, WBD, IWM, popcorn, BAC, BRKB, CRM, car stock, HAS, JEF, KSS, TGT, etc with UPI of 1 of the 4 largest usual suspects QZD7MJK0LF2J.

I think cash flow for a SaaS company like CRM shouldn't be valued out more than a 10-15 years right now.  It's getting close to fair value for that runway, but not there yet.  Adobe is pretty well there, but again, momentum is so bearish it's not worth touching.
I'd prefer a company like Eaton that has a much stronger guarantee of FCF 20-30 years out.

Thanks, just for shits and giggles, here are my sources:
# Supporting Sources for ADBE, CRM, and INTU
**Metrics:**
Forward P/E
EBITDA
EBITDA Margin
Margin / P/E
EPS FY This Year
EPS FY Next Year
Earnings Durability
All links below are primary financial data sources suitable for independent verification.
---
# Adobe (ADBE)
## Forward P/E
- https://stockanalysis.com/stocks/adbe/statistics/
- https://finance.yahoo.com/quote/ADBE/key-statistics/
These pages list:
- Forward P/E ratio
- Analyst EPS estimates used to calculate forward P/E
---
## EBITDA
- https://stockanalysis.com/stocks/adbe/financials/
- https://www.macrotrends.net/stocks/charts/ADBE/adobe/ebitda
These show:
- Total EBITDA (TTM and annual)
- Income statement breakdown
---
## EBITDA Margin
You can calculate directly from:
- EBITDA
- Revenue
Sources:
- https://stockanalysis.com/stocks/adbe/financials/
- https://www.macrotrends.net/stocks/charts/ADBE/adobe/profit-margins
Formula:
EBITDA Margin = EBITDA ÷ Revenue
---
## EPS (This Year and Next Year)
Sources:
- https://stockanalysis.com/stocks/adbe/forecast/
- https://finance.yahoo.com/quote/ADBE/analysis/
These provide:
- Current fiscal year EPS estimate
- Next fiscal year EPS estimate
---
## Earnings Durability Justification
Recurring revenue data:
- https://stockanalysis.com/stocks/adbe/financials/
- https://www.adobe.com/investor-relations.html
Adobe earns most revenue from subscriptions:
- Creative Cloud
- Document Cloud
This supports extremely high durability.
---
# Salesforce (CRM)
## Forward P/E
Source:
- https://stockanalysis.com/stocks/crm/statistics/
- https://finance.yahoo.com/quote/CRM/key-statistics/
---
## EBITDA
Source:
- https://stockanalysis.com/stocks/crm/financials/
- https://www.macrotrends.net/stocks/charts/CRM/salesforce/ebitda
---
## EBITDA Margin
Source:
- https://stockanalysis.com/stocks/crm/financials/
- https://www.macrotrends.net/stocks/charts/CRM/salesforce/profit-margins
---
## EPS This Year and Next Year
Sources:
- https://stockanalysis.com/stocks/crm/forecast/
- https://finance.yahoo.com/quote/CRM/analysis/
---
## Earnings Durability Justification
Salesforce revenue breakdown:
- Subscription revenue dominant
- Long enterprise contracts
Source:
- https://stockanalysis.com/stocks/crm/financials/
---
# Intuit (INTU)
## Forward P/E
Sources:
- https://stockanalysis.com/stocks/intu/statistics/
- https://finance.yahoo.com/quote/INTU/key-statistics/
---
## EBITDA
Sources:
- https://stockanalysis.com/stocks/intu/financials/
- https://www.macrotrends.net/stocks/charts/INTU/intuit/ebitda
---
## EBITDA Margin
Sources:
- https://stockanalysis.com/stocks/intu/financials/
- https://www.macrotrends.net/stocks/charts/INTU/intuit/profit-margins
---
## EPS This Year and Next Year
Sources:
- https://stockanalysis.com/stocks/intu/forecast/
- https://finance.yahoo.com/quote/INTU/analysis/
---
## Earnings Durability Justification
Recurring revenue sources:
- TurboTax
- QuickBooks
These have extremely high switching costs.
Sources:
- https://stockanalysis.com/stocks/intu/financials/
- https://investors.intuit.com/
---
# Notes on Margin / P/E
Margin / P/E is not reported directly.
It is calculated using:
Margin / P/E = EBITDA Margin ÷ Forward P/E
Using values from sources above.
---
# Sources:
https://stockanalysis.com/stocks/adbe/statistics/
https://stockanalysis.com/stocks/crm/statistics/
https://stockanalysis.com/stocks/intu/statistics/
https://stockanalysis.com/stocks/adbe/forecast/
https://stockanalysis.com/stocks/crm/forecast/
https://stockanalysis.com/stocks/intu/forecast/
https://finance.yahoo.com
https://macrotrends.net
---
# Credibility Notes
These sites aggregate data from:
- SEC filings (10-K, 10-Q)
- Analyst consensus estimates
- Company financial statements
They are widely used by institutional investors.

How is 28 forward P/E at 70% growth not cheap? The top comment is that CRM is cheap, which has a similar P/E at 10% growth on worse margins

So what's your thesis? Every company is going to hand craft a CRM with Claude Code instead of just renting Hubspot or Salesforce? what's your estimated cost of doing that, including all support costs for say, 20 staff?

I'm buying heavily into the SaaS sector that has been hit by the "AI disrupt narrative"
Putting my money where my mouth is.
70% ADBE
15% CRM
15% INTU
They'll not only recover but this price compression will lead to breakout valuations in the next couple of months to 2 years.
| Stock | Forward P/E | EBITDA | EBITDA Margin | Margin / P/E | EPS FY This Year | EPS FY Next Year | Earnings Durability |
|-------|-------------|--------|---------------|--------------|------------------|------------------|---------------------|
| ADBE | 11.25 | $11.2B | 38.9% | 3.46 | 23.96 | 27.04 | ⭐⭐⭐⭐⭐ |
| CRM | 15.0 | $13.2B | 29.3% | 1.95 | 11.88 | 13.26 | ⭐⭐⭐⭐⭐ |
| INTU | 16.8 | $7.8B | 30.1% | 1.79 | 23.67 | 27.02 | ⭐⭐⭐⭐⭐ |

exited CRM short $183.70
$1.23 profit per share

CRM?

It is a good debate, with many variations:
\-- Not all SaaS is same, may be some will succeed, and some will not.
\-- May be some SaaS will be better as an AI encriched / enabled service. However another SaaS might be better as an AI first solution from ground up.
\-- Perhaps some SaaS will be completely un-necessary.
\-- Some of the SaaS might already be facing increased competition, depletion of their Moat, market shift.
\-- In general there is also a problem of hyperscalars and the walled gardens, making a variety of SaaS options meaningless.
\-- Also quite a bit of a SaaS companies have had a historical high P/E that was never justified but they did have very high P/E and even after the sale the stock may be pricey. E.g. you can't call CRM and NOW cheap. They are cheaper than what they used to be, however they are not crushed like Meta or Google or Netflix once was.
Therefore I don't think the sell off is overblown. Market has tried to bring down software stocks to fair prices since they appeared quite inflated. And there may be further risks and great opportunities side by side. You have to take your pick and invest with your gut.

That is actually a very common problem I have been encountering since I started implementing AI to local businesses. I still do not know how to handle this correctly. I sometime have to end up a deal because I know the CRM in their specific niche is not open. I could discuss furthermore on this topic if anyone is willing to share infos or have questions for me, it is a very interesting topic in my opinion. Have a great day

As a software engineer spanning startups, consulting, and big tech over 20+ years, I wouldn't touch SaaS outside of MSFT with a ten foot pole.  Not only is momentum extremely bearish, tools like Claude Code and GitHub Copilot are improving extraordinarily rapidly since about October 2025.
In no possible way is a company like CRM doomed, but the re-rate of the SaaS sector is justified.  Momentum needs to reverse before it's worth rotating back into them.

Veeva and ServiceNow, but no Salesforce / CRM?