NOW

NYSE

ServiceNow, Inc.

Information Technology, Systems Software

$124.88

close 7 Aug 2026

-27.09%

52-week change

$129.11B

market cap

$81.24

$194.73

52-week range

Expected price

$204.43 – $249.86

Current price

$124.88

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)76.84x

P/S (TTM)8.76x

P/B10.32x

EV/EBITDA (TTM)—

FCF yield (TTM)3.55%

PEG (TTM, GAAP)1.05

Context

P/E, own 5-year average230.06x

P/E, sector median37.34x*

Price at 5-year median P/E$235.55*

Forward — analyst consensus

Forward P/E (FY2026)30.70x*

Forward P/E (FY2027)24.95x

Forward PEG1.33*

Consensus EPS FY2026 (44 analysts)$4.07

EPS growth (FY2026→FY2027)23.07%

Revenue growth (FY2026)22.15%

Street view

Price target (mean)$140.25*

Target upside12.31%

Ratings (buy / hold / sell)44 / 3 / 2

FY2026 EPS revisions, 30d (up / down)9 / 29

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +27.33%10Y CAGR +34.84%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$124.88

Cash & equivalents$2.50B

Total debt—

Shares outstanding1.03B

Result

DCF price per share—

Current price$124.88

Margin of safety—

PV of years 1–10$111.60B

PV of terminal value$368.20B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$5.73B	$7.16B	$8.95B	$11.18B	$13.98B	$17.47B	$21.84B	$27.30B	$34.12B	$42.65B	$794.93B
PV	$5.30B	$6.14B	$7.10B	$8.22B	$9.51B	$11.01B	$12.74B	$14.75B	$17.07B	$19.76B	$368.20B

period to 30 Jun 2026, filed 23 Jul 2026, close 7 Aug 2026