Cost EfficiencyUsing Sales Cloud as a proxy, Unlimited Edition is estimated to be ~70% more cost effective when bundled, while the Agentforce 1 tier is a more material ~100%+ more cost effective relative to Unlimited on a like-for-like functionality basis.
Financial PerformanceWith shares trading at ~17 EV/CY26 FCF, relative to the large-cap average at ~33x, valuation remains undemanding.
Growth PotentialService Cloud is expected to capture the most incremental growth in the industry, driven by advantages such as intuitive interface, powerful customization and analytics capabilities, integration across sales and service functions, and agentic innovation with the new Agentforce offering.