NOW

ServiceNow, Inc.

$149.54

+2.88% 2026-10-20

Information TechnologyS&P 500

1M 3M 6M 1Y 2Y

NOWSPY

+7.9%

+10.4%

+46.5%

+49.3%

YTD

-2.4%

-18.5%

Live chart

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Grades vs sector

Momentum

16th pct in sector

12-1 return: -27.1%
Percentile within its GICS sector across the S&P 1500.

Growth

66th pct in sector

Revenue growth (YoY): +24.0%
Percentile within its GICS sector across the S&P 1500.

Value

15th pct in sector

D-

Forward E/P: 3.5% · EBITDA/EV: 1.9%
Percentile within its GICS sector across the S&P 1500.

Profitability

53rd pct in sector

C+

Profit margin: +11.3% · Return on equity: +14.2%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Top 15

rank 446 of 499 · 12-1 momentum % -19.6

Momentum Blend

not in the current book

New Highs Growth

not ranked (outside this model's universe or screens)

Conviction 20

not in the current book

News

More news

Can ServiceNow (NOW) Keep Growing at This Size?

Insider Monkey · 18h ago

ServiceNow Fell 20% Over a Year But This Wall Street Analyst Predicts 70% Gains From Here

24/7 Wall St. · 18h ago

Key stats

Market cap$154.6B

P/E (trailing)93.5

P/E (forward)29.9

52-week range81.24 – 192.97

Revenue growth (YoY, latest qtr)+24.0%

Dividend yield0.00%

Analyst consensusStrong Buy (46)

Mean price target$153.38 (+3%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +1 (DCF counts double).

▲DCF (base case)above the price by 38%

▼Forward P/E vs sector29.9x vs median 16.9x

•Piotroski F-score4/9

▲Altman Z5.6 (safe)

▲Net debt / EBITDA1.0x

•Analyst target+3% (46 analysts)

Discounted cash flow

Bear

$102

-32%

growth 14% · disc. 10.2% · term. 2.0%

Base

$207

+38%

growth 23% · disc. 9.2% · term. 2.5%

Bull

$367

+146%

growth 29% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 13% a year for 10 years.

Implied

+13%/yr

FCF, last 3 yrs

+28%/yr

FCF, last 5 yrs

+27%/yr

Revenue, last 3 yrs

+22%/yr

Revenue, last 5 yrs

+24%/yr

Same inputs as the DCF above: trailing free cash flow 4.6B, 9.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.99 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 88th pct

93.5×
pricier

Forward P/E

sector median 16.9× · 85th pct

29.9×
pricier

EV / EBITDA

sector median 20.8× · 88th pct

57.2×
pricier

Price / sales

sector median 4.6× · 80th pct

10.5×
pricier

Price / book

sector median 5.1× · 79th pct

12.4×
pricier

FCF yield

sector median 3.5% · 43rd pct

3.0%
pricier

Forward EPS $5.01 vs trailing $1.60 (+213% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$29.0B

as of 2026-06-30

vs a year ago

+21%

YoY

× TTM revenue

1.97×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

74.8%

Operating margin

11.4%

FCF margin

31.1%

Net margin

11.3%

Return on equity

13.3%

Return on invested capital

7.8%

Net debt / EBITDA

1.0×

Current ratio

0.7×

Interest cover

–

Cash conversion (OCF/NI)

3.2×

Piotroski F-score 4/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 5.6 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$153

+3%

Analysts

Strong Buy

Range

$72–$266

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$13.3B	$1.7B	$4.6B
2024	$11.0B	$1.4B	$3.4B
2023	$9.0B	$1.7B	$2.7B
2022	$7.2B	$325.0M	$2.2B
2021	$5.9B	$230.0M	$1.8B
2020	$4.5B	$119.0M	$1.4B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +22.4%.

Earnings

Next report: 2026-10-28 · after close · EPS est 1.02

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-22	0.86	0.90	+5.0%
2026-04-22	0.97	0.97	+0.4%
2026-01-28	0.89	0.92	+4.0%
2025-10-29	0.85	0.96	+13.0%
2025-07-23	0.71	0.82	+14.6%
2025-04-23	0.77	0.81	+5.4%
2025-01-29	0.73	0.73	+0.2%
2024-10-23	0.69	0.74	+7.8%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$4.0B	+24.0%
2026-03-31	$3.8B	–
2025-12-31	$3.6B	–
2025-09-30	$3.4B	–
2025-06-30	$3.2B	–

Analyst actions

StoneX

2026-10-19 · main

Buy → Buy
PT $165

Piper Sandler

2026-10-16 · main

Overweight → Overweight
PT $175

Mizuho

2026-10-15 · main

Outperform → Outperform
PT $170

TD Cowen

2026-10-15 · main

Buy → Buy
PT $165

Citigroup

2026-10-14 · main

Buy → Buy
PT $170

Evercore ISI Group

2026-10-13 · main

Outperform → Outperform
PT $175

Insider trades

Fipps Paul

President, Global Customer Ops · 2026-08-31

SELL
$300.8K

Canney Jacqueline P

Chief People & AI Enblmt. Off. · 2026-08-28

SELL
$1.1M

Chamberlain Paul Edward

Director · 2026-08-27

SELL
$365.9K

Chamberlain Paul Edward

Director · 2026-08-13

SELL
$188.4K

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Stats refreshed 2026-10-20 17:52:47 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.

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