Obermatt

ServiceNow

NYQ:NOW · US81762P1021
SoftwareX-Large

360

90
EV / EBIT47
Price / Owner Earnings22
Owner Earnings Yield53
Dividend Yield1
Price/Sales19
EV / Gross Profit53
Price/Book25
Return on Capital63
Cash Return on Capital67
Return on Equity57
EBIT Margin49
Gross Profitability73
Cash Conversion76
Accruals76
Owner Earnings Margin54
Sales growth76
Profit Growth94
Long-Term EPS Growth82
Owner Earnings Growth70
Reinvestment28
Price momentum25
Debt load63
Refinancing41
Debt Payback100
Liquidity96
Analyst ratings81
Opinion Changes50
Price Target Upside55
Market mood99
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ServiceNow generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySoftware
SizeX-Large
TypePublic Company
ExchangeNYSE
Founded2012
Employees29,919
ISINUS81762P1021
Last UpdateApr 2, 2026
Themes
DevSecOpsWorkTechSoftware DevelopmentCloud ManagementContract Management SoftwareMachine LearningProcess AutomationPaaSAI ObservabilityCloud Data ServicesCloud InfrastructureArtificial IntelligenceAgentic AI

Description

ServiceNow, Inc. (ServiceNow) delivers solutions that help public and private organizations govern, secure and manage artificial intelligence and digitalize and streamline workflows to drive collaboration, productivity and better experiences across t…

Analysis

Middle-of-the-road

ServiceNow, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 59.3× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 21% yearly growth; analysts expect 25%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

What to watch: Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
82
2023202420252026

All-time high

93

Feb 2026

All-time low

72

Jan 2024

Average rank

81

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
7
3
11
Price/Earnings
38
26
28
29
Price/Book
25
8
11
6
Dividend Yield
1
1
1
1
Value (overall)
19
3
1
4

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →