NOW Rating

NOW Intrinsic Value

Key Highlights:
As of Mar 03, 2025 NOW Relative Value is $527.4, which is overvalued by 42.1%, compared to current share price of $910.3.
As of Mar 03, 2025 NOW DCF Value is $73.4, which is overvalued by 91.9%, compared to current share price of $910.3.
Methodology
Price per share, $
Current share price
910.3

NOW Share Price History

1W (1.9%)
1M (10.8%)
6M 8.9%
YTD 32.4%
1Y 17.3%
3Y 61.9%
5Y 176.2%
10Y 1,106.5%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
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NOW Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
$189.8B
Shares Outstanding
209M
Employees
26K
Valuation (LTM)
135.5x
56.1x
133.2x
16.7x
1.0x
Return on Capital
13.8%
7.3%
18.9%
8.9%
Earnings

NOW Stock Financials

NOW Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$11.0B +22.4% YoY

Operating Income

$1.4B +79.0% YoY

Net Income

$1.4B -17.7% YoY

NOW Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$4,267.0M +25.6% YoY

Capital Expenditure (CAPEX)

($852.0M) +27.1% YoY

Free Cash Flow (FCF)

$3,415.0M +25.2% YoY

NOW Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$11.0B 22.4% YoY
$8,697.0M 23.4% YoY
79.2% margin
Cost of revenue
$2,287.0M 19.1% YoY
Operating income
$1,364.0M 79.0% YoY
12.4% margin
Other: $22.0M
Net interest: $396.0M
Operating expenses
$7,333.0M 16.6% YoY
Pre-tax income
$1,738.0M 72.4% YoY
15.8% margin
Net income
$1,425.0M (17.7%) YoY
13.0% margin
Income tax
$313.0M
18.0% tax rate
R&D
$2,543.0M 19.7% YoY
23.2% of revenue
SG&A
$4,790.0M 15.0% YoY
43.6% of revenue

NOW Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$20.4B
Current assets ($9,187.0M, 45.1% of total)
$5,762.0M (28.3%)
$2,240.0M (11.0%)
Other current assets
$1,185.0M (5.8%)
Non-current assets ($11.2B, 54.9% of total)
$4,111.0M (20.2%)
$209.0M (1.0%)
Other non-current assets
$4,420.0M (21.7%)
Financial position
($4,973.0M)
$5,762.0M$789.0M
Cash & Short-term Investments
Total Debt

NOW Stock Ratios

NOW Earnings Surprises

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NOW Dividends

NOW Dividend Yield

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NOW Dividend Per Share

Competing with NOW

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$189.8B
7.5
$296.0
67.5% overvalued
17.3%
$11.0B
$3,385.0M
22.4%
30.8%
79.2%
18.9%
7.0%
$331.6B
6.4
$269.1
4.1% overvalued
48.4%
€34.2B
€4,421.0M
9.5%
12.9%
73.1%
10.1%
25.0%
$286.3B
7.2
$265.0
9.6% overvalued
(6.3%)
$37.9B
$12.4B
8.7%
32.8%
77.2%
10.2%
4.8%
$172.0B
6.8
$603.6
0.4% undervalued
(9.5%)
$17.2B
$5,632.0M
13.7%
32.8%
78.9%
13.3%
39.3%
$160.9B
6.9
$194.8
161.7% undervalued
(8.4%)
$44.0B
$6,951.0M
18.0%
15.8%
37.5%
56.5%
6.5%
$143.3B
7.9
$48.8
54.2% overvalued
40.7%
$8,879.6M
$1,596.3M
25.8%
18.0%
50.4%
57.5%
9.7%
$117.3B
7.7
$124.4
63.1% overvalued
445.2%
$4,709.2M
$2,094.2M
43.4%
44.5%
74.5%
49.8%
326.3%
$69.4B
6.7
$294.4
15.7% undervalued
(6.8%)
$8,438.0M
$2,192.0M
16.5%
26.0%
80.2%
4.2%
4.2%
$67.7B
7.0
$153.9
36.4% overvalued
(23.8%)
$4,641.3M
$1,118.0M
13.5%
24.1%
91.5%
24.7%
41.0%
$58.3B
6.2
$19.9
92.1% overvalued
88.1%
$463.5M
($22.1B)
(6.6%)
(4,777.0%)
72.1%
(19.7%)
0.6%
$55.1B
7.7
$237.0
15.2% undervalued
(10.2%)
$6,229.8M
$2,556.8M
100.4%
41.0%
86.0%
136.1%
3.8%

FAQ

What is ServiceNow, Inc. (NOW) stock rating?

As of today, ServiceNow, Inc. has a stock rating of 7 (out of 10), which is considered Great.

is ServiceNow, Inc. (NOW) a good stock to buy?

As of today, ServiceNow, Inc. has a Great stock rating, which is 67.5% overvalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 0.5%.