(NOW) ServiceNow - Overview

Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 107.625m USD | Total Return: -30.7% in 12m

Cloud Software, Workflow Automation, IT Management, Business Applications
Total Rating 48
Safety 76
Buy Signal -1.31
Software - Application
Industry Rotation: -0.2
Market Cap: 108B
Avg Turnover: 1.69B USD
ATR: 5.13%
Peers RS (IBD): 23.0
Risk 5d forecast
Volatility45.4%
Rel. Tail Risk-4.21%
Reward TTM
Sharpe Ratio-1.02
Alpha-58.19
Character TTM
Beta1.199
Beta Downside1.024
Drawdowns 3y
Max DD57.53%
CAGR/Max DD0.04
EPS (Earnings per Share) EPS (Earnings per Share) of NOW over the last years for every Quarter: "2021-03": 0.3, "2021-06": 0.28, "2021-09": 0.31, "2021-12": 0.03, "2022-03": 0.35, "2022-06": 0.32, "2022-09": 0.39, "2022-12": 0.46, "2023-03": 0.47, "2023-06": 0.47, "2023-09": 0.23, "2023-12": 0.62, "2024-03": 0.68, "2024-06": 0.25, "2024-09": 0.41, "2024-12": 0.73, "2025-03": 0.81, "2025-06": 0.82, "2025-09": 0.96, "2025-12": 0.92,
EPS CAGR: 29.40%
EPS Trend: 69.2%
Last SUE: 0.79
Qual. Beats: 0
Revenue Revenue of NOW over the last years for every Quarter: 2021-03: 1360, 2021-06: 1409, 2021-09: 1512, 2021-12: 1614, 2022-03: 1722, 2022-06: 1752, 2022-09: 1831, 2022-12: 1940, 2023-03: 2096, 2023-06: 2150, 2023-09: 2288, 2023-12: 2437, 2024-03: 2603, 2024-06: 2627, 2024-09: 2797, 2024-12: 2957, 2025-03: 3088, 2025-06: 3215, 2025-09: 3407, 2025-12: 3568,
Rev. CAGR: 21.44%
Rev. Trend: 99.8%
Last SUE: 1.16
Qual. Beats: 3
Warnings

volatile

Tailwinds

No distinct edge detected

Description: NOW ServiceNow

ServiceNow, Inc. (NYSE: NOW) delivers a broad suite of cloud-based workflow solutions-including IT service management, security operations, HR, legal, and source-to-pay-across North America, EMEA, APAC and other international markets. Its platform unifies asset, risk, and operational technology management while offering low-code app development and AI-driven automation tools such as ServiceNow Impact and the RaptorDB database.

In FY 2024 the company posted record revenue of **$8.1 billion**, a **19% year-over-year increase**, driven by strong subscription growth that now represents roughly **92% of total revenue**. Non-GAAP operating margin expanded to **27%**, and the total contract value (TCV) of its annual recurring revenue (ARR) surpassed **$12.5 billion**, underscoring the stickiness of its enterprise customer base.

ServiceNow serves high-touch sectors-including government, financial services, healthcare, manufacturing, and telecom-through both direct sales and a global network of service-provider and resale partners. The broader systems-software market is being propelled by a **15% CAGR forecast for enterprise cloud spending** through 2027, with regulated industries accelerating digital-workflow adoption to meet compliance and efficiency mandates.

For a deeper dive into valuation metrics, you might explore ValueRay’s analysis.

Headlines to Watch Out For
  • Subscription revenue growth from cloud-based workflow solutions
  • Expansion into new industry verticals boosts market share
  • Increased R&D investment drives platform innovation
  • Economic downturn impacts enterprise IT spending decisions
Piotroski VR‑10 (Strict) 7.5
Net Income: 1.75b TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 0.97 > 1.0
NWC/Revenue: -4.23% < 20% (prev 7.55%; Δ -11.78% < -1%)
CFO/TA 0.21 > 3% & CFO 5.44b > Net Income 1.75b
Net Debt (-523.0m) to EBITDA (3.02b): -0.17 < 3
Current Ratio: 0.95 > 1.5 & < 3
Outstanding Shares: last quarter (1.05b) vs 12m ago 0.19% < -2%
Gross Margin: 77.53% > 18% (prev 0.79%; Δ 7.67k% > 0.5%)
Asset Turnover: 57.21% > 50% (prev 53.89%; Δ 3.32% > 0%)
Interest Coverage Ratio: 99.09 > 6 (EBITDA TTM 3.02b / Interest Expense TTM 23.0m)
Altman Z'' 1.60
A: -0.02 (Total Current Assets 9.88b - Total Current Liabilities 10.44b) / Total Assets 26.04b
B: 0.20 (Retained Earnings 5.24b / Total Assets 26.04b)
C: 0.10 (EBIT TTM 2.28b / Avg Total Assets 23.21b)
D: 0.40 (Book Value of Equity 5.26b / Total Liabilities 13.07b)
Altman-Z'' Score: 1.60 = BB
Beneish M -2.93
DSRI: 0.97 (Receivables 2.63b/2.24b, Revenue 13.28b/10.98b)
GMI: 1.02 (GM 77.53% / 79.18%)
AQI: 1.17 (AQ_t 0.50 / AQ_t-1 0.43)
SGI: 1.21 (Revenue 13.28b / 10.98b)
TATA: -0.14 (NI 1.75b - CFO 5.44b) / TA 26.04b)
Beneish M-Score: -2.93 (Cap -4..+1) = A
What is the price of NOW shares? As of April 06, 2026, the stock is trading at USD 102.00 with a total of 16,628,715 shares traded.
Over the past week, the price has changed by -2.83%, over one month by -15.27%, over three months by -30.89% and over the past year by -30.66%.
Is NOW a buy, sell or hold? ServiceNow has received a consensus analysts rating of 4.49. Therefore, it is recommended to buy NOW.
  • StrongBuy: 31
  • Buy: 10
  • Hold: 5
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the NOW price?
Wallstreet Target Price 186.1 82.5%
Analysts Target Price 186.1 82.5%
NOW Fundamental Data Overview as of 04 April 2026
P/E Trailing = 61.0778
P/E Forward = 24.8139
P/S = 8.1055
P/B = 8.3945
P/EG = 0.9972
Revenue TTM = 13.28b USD
EBIT TTM = 2.28b USD
EBITDA TTM = 3.02b USD
Long Term Debt = 1.49b USD (from longTermDebt, last quarter)
Short Term Debt = 112.0m USD (from shortTermDebt, last quarter)
Debt = 3.20b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -523.0m USD (from netDebt column, last quarter)
Enterprise Value = 107.10b USD (107.62b + Debt 3.20b - CCE 3.73b)
Interest Coverage Ratio = 99.09 (Ebit TTM 2.28b / Interest Expense TTM 23.0m)
EV/FCF = 23.41x (Enterprise Value 107.10b / FCF TTM 4.58b)
FCF Yield = 4.27% (FCF TTM 4.58b / Enterprise Value 107.10b)
FCF Margin = 34.46% (FCF TTM 4.58b / Revenue TTM 13.28b)
Net Margin = 13.16% (Net Income TTM 1.75b / Revenue TTM 13.28b)
Gross Margin = 77.53% ((Revenue TTM 13.28b - Cost of Revenue TTM 2.98b) / Revenue TTM)
Gross Margin QoQ = 76.63% (prev 77.28%)
Tobins Q-Ratio = 4.11 (Enterprise Value 107.10b / Total Assets 26.04b)
Interest Expense / Debt = 0.16% (Interest Expense 5.00m / Debt 3.20b)
Taxrate = 25.88% (140.0m / 541.0m)
NOPAT = 1.69b (EBIT 2.28b * (1 - 25.88%))
Current Ratio = 0.95 (Total Current Assets 9.88b / Total Current Liabilities 10.44b)
Debt / Equity = 0.25 (Debt 3.20b / totalStockholderEquity, last quarter 12.96b)
Debt / EBITDA = -0.17 (Net Debt -523.0m / EBITDA 3.02b)
Debt / FCF = -0.11 (Net Debt -523.0m / FCF TTM 4.58b)
Total Stockholder Equity = 11.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.53% (Net Income 1.75b / Total Assets 26.04b)
RoE = 15.42% (Net Income TTM 1.75b / Total Stockholder Equity 11.33b)
RoCE = 17.77% (EBIT 2.28b / Capital Employed (Equity 11.33b + L.T.Debt 1.49b))
RoIC = 13.17% (NOPAT 1.69b / Invested Capital 12.82b)
WACC = 9.91% (E(107.62b)/V(110.83b) * Re(10.20%) + D(3.20b)/V(110.83b) * Rd(0.16%) * (1-Tc(0.26)))
Discount Rate = 10.20% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.58%
[DCF] Terminal Value 75.62% ; FCFF base≈4.10b ; Y1≈5.06b ; Y5≈8.63b
[DCF] Fair Price = 101.9 (EV 106.07b - Net Debt -523.0m = Equity 106.59b / Shares 1.05b; r=9.91% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 69.18 | EPS CAGR: 29.40% | SUE: 0.79 | # QB: 0
Revenue Correlation: 99.80 | Revenue CAGR: 21.44% | SUE: 1.16 | # QB: 3
EPS next Quarter (2026-06-30): EPS=0.96 | Chg7d=-0.000 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=38
EPS current Year (2026-12-31): EPS=4.17 | Chg7d=-0.003 | Chg30d=+0.004 | Revisions Net=+2 | Growth EPS=+18.7% | Growth Revenue=+20.4%
EPS next Year (2027-12-31): EPS=5.02 | Chg7d=-0.003 | Chg30d=+0.008 | Revisions Net=+0 | Growth EPS=+20.4% | Growth Revenue=+18.5%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 8.6% (Discount Rate 10.2% - Earnings Yield 1.6%)
[Growth] Growth Spread = +11.6% (Analyst 20.2% - Implied 8.6%)
External Resources
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