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STOCK COMPARISON

Salesforce vs ServiceNow: Fair Value & Quality

Both stocks run through our valuation models. Here is how Salesforce (CRM) and ServiceNow (NOW) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Salesforce as the more attractively valued of the two: Salesforce trades at $229 versus a fair value of $343 (+49.6%), while ServiceNow trades at $105 versus $116 (+10.0%).
Salesforce
CRM · USD · Information Technology
+49.6%
upside to fair value
undervalued
Price$229
Fair Value$343
Quality81/100
Fair ValueQualityUptrend
ServiceNow
NOW · USD · Information Technology
+10.0%
upside to fair value
undervalued
Price$105
Fair Value$116
Quality67/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

SalesforceServiceNow
Valuation
21.0×P/E (TTM)75.6×
14.3×Forward P/E21.0×
106.1×Median P/E at FY-end (9 FY, ex one-offs where documented)n/a
4.99×P/S (TTM)10.54×
3.70× · book value is mostly goodwillP/B11.97×
17.2×EV/EBITDA52.8×
0.78×PEG1.12×
+49.6%Fair value upside+10.0%
0.7%Dividend yieldn/a
$1.71Dividend per sharen/a
Profitability
21.4%Operating margin4.1%
10.24×EBIT margin trend (5Y)3.11×
19.4%Return on equity14.2%
6.6%Return on assets6.7%
Growth
10.8%Revenue growth (YoY)24.0%
9.8%Avg. growth/yr (3Y)22.4%
14.3%Avg. growth/yr (5Y)24.1%
+56.4%Value creation/yr+65.0%
Balance & size
27.5×Interest coverage (EBIT/interest)79.3×
0.18×Debt / equity0.12×
$219BMarket cap$155B
healthyGrowth qualityhealthy
Salesforce, median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings, 6 of the years ex one-offs: 106.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Salesforce leads: 7 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Salesforce ServiceNow
ProfitabilityHow much profit the company makes from its sales and capital
49
53
Quality GrowthAre margins and returns getting better?
57
55
CashflowDo the profits arrive as real cash?
100
96
Financial strengthDebt, balance sheet and risk of trouble
77
83
InvestmentDoes it invest with discipline instead of growing at any price?
92
25
Low VolatilityHow calm the share price moves, does not count
36
31
Price momentumPrice momentum of the last 3 to 12 months, does not count
59
36
Near the 52-week highDistance to the 52-week high, does not count
47
11
New sharesBuys back shares or issues new ones?
98
85

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySalesforcePrice $229ServiceNowPrice $105
DCF Models+75.7%above the price$403−13.8%close to the price$90.65
Earnings-Based+4.9%close to the price$240−43.7%below the price$59.18
Dividend Discount−86.9%below the price$30.05n/a
Multiples+8.2%close to the price$248−57.4%below the price$44.76
Asset-Basedn/a−94.9%below the price$5.36
Growth DCF+59.5%above the price$365−7.1%close to the price$97.71
Economic Profit−62.5%below the price$85.95−82.7%below the price$18.16
Growth Earnings+49.6%above the price$343−18.7%below the price$85.45
Matching families6 of 8
Minimum−62.5%below the price$85.95−82.7%below the price$18.16
Maximum+75.7%above the price$403−7.1%close to the price$97.71
Median+28.9%above the price$295−31.2%below the price$72.32
Geometric mean+10.1%close to the price$252−45.2%below the price$57.57
Ahead family by family6 of 60 of 6

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 6 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Salesforce is ahead in 6 of 6 shared families, ServiceNow in none.

Salesforce: 7 of 24 models see the stock below the current price.

ServiceNow: 20 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Salesforce
Price $229
Fair Value $343
Bear $226Bull $446
ServiceNow
Price $105
Fair Value $116
Bear $66.42Bull $150

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Salesforce · Information Technology

Quality score81 · Top 25%
Fair value upside+49.6% · Top 25%

ServiceNow · Information Technology

Quality score67 · Top 25%
Fair value upside+10.0% · above median

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Salesforce as the more attractively valued of the two: Salesforce trades at $229 versus a fair value of $343 (+49.6%), while ServiceNow trades at $105 versus $116 (+10.0%).

Salesforce has the higher quality score (81/100).

Open Salesforce live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.