ServiceNow Inc
NYSE:NOW

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ServiceNow Inc
NYSE:NOW
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Price: 980.4 USD 0.93% Market Closed
Market Cap: 202.9B USD
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Relative Value

The Relative Value of one NOW stock under the Base Case scenario is 440.42 USD. Compared to the current market price of 980.4 USD, ServiceNow Inc is Overvalued by 55%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOW Relative Value
Base Case
440.42 USD
Overvaluation 55%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

17.7
P/S
P/S
Price to Sales
17.7
vs History
42
vs Industry
6
Median 3Y
15.1
Median 5Y
17.6
Industry
2.4
Forward
15.4
More Details
131.9
P/E
P/E
Price to Earnings
131.9
vs History
68
vs Industry
5
Median 3Y
145.7
Median 5Y
153.6
Industry
22.8
Forward
58.6
More Details
44.1
P/OCF
P/OCF
Price to OCF
44.1
vs History
53
vs Industry
13
Median 3Y
41.2
Median 5Y
45.5
Industry
17.1
More Details
56.2
P/FCFE
P/FCFE
Price to FCFE
56.2
vs History
53
vs Industry
13
Median 3Y
52.2
Median 5Y
58
Industry
21.4
More Details
20
P/B
P/B
Price to Book Value
20
vs History
58
vs Industry
4
Median 3Y
19.3
Median 5Y
21
Industry
2.9
More Details
17.2
EV/S
EV/S
Enterprise Value to Sales
17.2
vs History
46
vs Industry
6
Median 3Y
14.7
Median 5Y
17.2
Industry
2.4
Forward
15
More Details
21.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
21.9
vs History
50
vs Industry
11
Median 3Y
18.7
Median 5Y
21.9
Industry
4.9
More Details
95.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
95.2
vs History
92
vs Industry
6
Median 3Y
106.9
Median 5Y
121.6
Industry
12.5
Forward
43.3
More Details
133.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
133.4
vs History
95
vs Industry
4
Median 3Y
202.7
Median 5Y
314.7
Industry
16.1
Forward
49.3
More Details
43
EV/OCF
EV/OCF
Enterprise Value to OCF
43
vs History
53
vs Industry
13
Median 3Y
40.2
Median 5Y
44.4
Industry
15.6
More Details
54.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
54.5
vs History
53
vs Industry
10
Median 3Y
50.1
Median 5Y
56.3
Industry
18.8
More Details
14.1
EV/IC
EV/IC
Enterprise Value to IC
14.1
vs History
46
vs Industry
8
Median 3Y
12.5
Median 5Y
13.7
Industry
2.4
More Details

Multiples Across Competitors

NOW Competitors Multiples
ServiceNow Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
ServiceNow Inc
NYSE:NOW
202.9B USD 17.7 131.9 95.2 133.4
US
Microsoft Corp
NASDAQ:MSFT
3.6T USD 13.4 37.4 23.8 29.6
US
Oracle Corp
NYSE:ORCL
581.2B USD 10.1 46.7 27 36.3
US
Palo Alto Networks Inc
NASDAQ:PANW
135.4B USD 15.3 109.4 100.1 134.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
121.9B USD 29.5 -707.5 4 838 -576
US
Fortinet Inc
NASDAQ:FTNT
79.3B USD 12.9 42.2 36.2 38.6
US
VMware Inc
XETRA:BZF1
58B EUR 4.9 47.1 21.7 36.7
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.6 723 258.7 369.6
US
Zscaler Inc
NASDAQ:ZS
48.3B USD 19 -1 246.5 -3 896.8 -377.4
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24.2B USD 9.3 28.4 23.6 25.9
IL
Cyberark Software Ltd
NASDAQ:CYBR
19.6B USD 17.9 -224.5 -1 076.4 -217
P/E Multiple
Earnings Growth PEG
US
ServiceNow Inc
NYSE:NOW
Average P/E: 145.8
131.9
52%
2.5
US
Microsoft Corp
NASDAQ:MSFT
37.4
15%
2.5
US
Oracle Corp
NYSE:ORCL
46.7
32%
1.5
US
Palo Alto Networks Inc
NASDAQ:PANW
109.4
4%
27.3
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -707.5 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
42.2
14%
3
US
V
VMware Inc
XETRA:BZF1
47.1
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
723
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -1 246.5 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
28.4
17%
1.7
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -224.5 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
ServiceNow Inc
NYSE:NOW
Average EV/EBITDA: 602.7
95.2
53%
1.8
US
Microsoft Corp
NASDAQ:MSFT
23.8
17%
1.4
US
Oracle Corp
NYSE:ORCL
27
32%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
100.1
49%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
4 838
178%
27.2
US
Fortinet Inc
NASDAQ:FTNT
36.2
17%
2.1
US
V
VMware Inc
XETRA:BZF1
21.7
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
258.7
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -3 896.8 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
23.6
12%
2
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -1 076.4 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
ServiceNow Inc
NYSE:NOW
Average EV/EBIT: 100.5
133.4
64%
2.1
US
Microsoft Corp
NASDAQ:MSFT
29.6
15%
2
US
Oracle Corp
NYSE:ORCL
36.3
33%
1.1
US
Palo Alto Networks Inc
NASDAQ:PANW
134.2
60%
2.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -576 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
38.6
17%
2.3
US
V
VMware Inc
XETRA:BZF1
36.7
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
369.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -377.4 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
25.9
15%
1.7
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -217 N/A N/A

See Also

Summary
NOW intrinsic value, competitors valuation, and company profile.
DCF Valuation
NOW stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NOW stock valuation using valuation multiples.
Wall Street Estimates
NOW price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NOW stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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