ServiceNow, Inc (4S0) Fair Value & Analysis
Technology · DE · Market cap €96.7B
Fair value as of: Jul 12, 2026
From 24 valuation models · updated 19 days ago
Fair value updated Jul 12, 2026, revised from €30.05 to €42.43 (+41.2%) since Jul 11, 2026. Share price +9.9% over the past month.
What matters now
- The price sits above even our optimistic bull case (€53.04). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (12 months)
12‑month range €69.92 – €167.22 · fair‑value band €31.82 – €53.04 · the €94.36 price screens above the €42.43 fair value. As of Jul 12, 2026.
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ServiceNow, Inc (4S0) currently trades at €94.36, while our model-based Fair Value estimate is €42.43, implying the stock looks roughly 55.0% overvalued today. We read business quality at 52/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, ServiceNow, Inc generated revenue of €14.0B at a net margin of 12.6%. Revenue grew 22.1% year over year. It earns a return on equity of 16.1%. Net debt stands at €16.0M. Fundamentals as of Jul 12, 2026
Our scenario range runs from €31.82 (bear case) to €53.04 (bull case); at €94.36, the current price sits above that range. The share trades about 48% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -64% fair-value upside, at -55%, 4S0 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.
Quality Score breakdown
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
Full company description
ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; field service management applications; and sales and order management services. It also offers human resources delivery; legal and contract operations; workplace service delivery products; app engine product; automation engine; platform privacy and security product; and source-to-pay operations. In addition, the company provides RaptorDB, a database built to manage workloads at scale; ServiceNow Impact that provides customers with software tools, guided plans, and AI-driven recommendations; customer support; and workflow data fabric. It serves government, financial services, healthcare and life science, manufacturing, Public Sector, retail, technology, and Telecom sectors through service providers and resale partners. The company has a strategic collaboration with Cohesity, Inc. to develop, operate, and safeguard autonomous AI agents and data with enterprise-grade reliability. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ServiceNow, Inc reported revenue of €13.3B in FY2025 versus €5.9B in FY2021, a compound +22.5%/yr. Reported net income was €1.7B in FY2025, compounding +66.0%/yr from FY2021.
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).
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|---|---|---|---|
| SAP SE SAPS | C$12.69 | C$16.55 | +30% |
| Shopify Inc SHOP | C$152.79 | C$46.38 | -70% |
| Salesforce, Inc CRM | C$11.89 | C$13.14 | +11% |
| Uber Technologies, Inc U1BE34 | R$91.40 | R$116.71 | +28% |
| Cadence Design Systems, Inc CDNS | $411.68 | $71.08 | -83% |
| Automatic Data Processing, Inc ADPR34 | R$50.05 | R$5.65 | -89% |
| Adobe Inc ADBE34 | R$19.98 | R$6.87 | -66% |
| Snowflake Inc SNOW | $226.59 | $81.07 | -64% |
| Intuit Inc INTU34 | R$30.70 | R$7.70 | -75% |
| Autodesk, Inc A1UT34 | R$298.21 | R$120.67 | -60% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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