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ServiceNow, Inc (NOW) Fair Value & Analysis

Technology · US · Market cap $140B

SI ServiceNow, Inc logo ServiceNow, Inc NOW · US
Price$95.94
Fair Value$33.58
Upside-65.0%
Quality58/100
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Evidence: High Range $25.42 – $49.39

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from $76.44 to $33.58 (−56.1%) since Jun 23, 2026. Share price −16.7% over the past month.

Price vs Fair Value (12 months)

$188.54 $74.90 Fair Value $33.58 Jul 2025 Jul 2026

12‑month range $74.90 – $188.54 · fair‑value band $25.42 – $49.39 · the $95.94 price screens above the $33.58 fair value. As of Jun 24, 2026.

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Analysis

ServiceNow, Inc (NOW) currently trades at $95.94, while our model-based Fair Value estimate is $33.58 — implying the stock looks roughly 65.0% overvalued today. We read business quality at 58/100 (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%. The balance sheet holds a net cash position of $1.3B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $14.0B
Revenue growth (YoY) +22.1%
Net margin 12.6%
Return on equity 16.1%
Free cash flow $4.6B FY2025
P/E ratio 80.9
More key figures
Operating margin 13.3%
EPS (TTM) $1.68
EPS growth (YoY) +2.3%
Net cash $1.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

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. 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, …

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.

Revenue +22.5%/yr
FY21 $5.9B
FY22 $7.2B
FY23 $9.0B
FY24 $11.0B
FY25 $13.3B
Net income +66.0%/yr
FY21 $230M
FY22 $325M
FY23 $1.7B
FY24 $1.4B
FY25 $1.7B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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Frequently asked questions

Is ServiceNow, Inc (NOW) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $33.58 versus a price of $95.94 — about −65% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NOW?
Our model-based fair value for ServiceNow, Inc is $33.58 (as of Jun 24, 2026), built from audited fundamentals. The current price is $95.94.
What is the quality score of NOW?
ServiceNow, Inc has a Quality Score of 58/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ServiceNow, Inc (NOW)?
ServiceNow, Inc reported trailing-twelve-month revenue of about $14.0B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NOW?
The net profit margin of ServiceNow, Inc is about 12.6%, meaning it keeps roughly 12.6% of revenue as net income. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.