NYSE · NOW
ServiceNow, Inc.
Technology · Software - Application
$135.62▼ 1.57% ($2.16)at close
After hours$135.60▼ 0.01%7:56 PM ET
Market cap
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 27.7% revenue growth a year for 10 years. Our scenarios assume 10.6–18.3%.
That's 1.2× its past 4-year pace.
Value per share
Base case
$48.63
Price used $135.62 is 2.8× this
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
Revenue each value needs
Revenue today $14.7B. The price needs $170B by 2036. Base case: $57.7B. At its recent pace: $112B. Bear to Bull: $40.2B to $78.9B.
Revenue today $14.7B. The price needs $170B by 2036. Base case: $57.7B. At its recent pace: $112B. Bear to Bull: $40.2B to $78.9B.
Revenue in 2036
today $14.7B
+$112Bmore than the Base case · 2.9×
Value per share · Base case
$48.63
Price $135.62
2.8× this
- 10-yr revenue CAGR
- 14.6%
- Ending operating margin
- 11.4%
- Discount rate
- 10.1%
USD · TTM ending Jun 30, 2026 · Price Sep 25, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 26.18% over the last year. Revenue grew 22.19% over the trailing twelve months. Operating margin moved from 13.28% to 11.4%. Free cash flow grew 18.99% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 5th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 11.4%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
ServiceNow, Inc. specializes in delivering cloud-based solutions designed to streamline and automate critical business services for organizations across the globe.
Market multiples
Stock splits
Every 1 shares became 5
Profitability & growth
Analyst consensus
60
Buy
8
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 28, 2026
Q4 FY26 · EPS est $1.03 · Revenue est $4.1B
View
Institutional Sentiment
ServiceNow, Inc. · NOW
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.