Company Valuation: ServiceNow, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 129,170 78,281 144,516 218,721 158,920 112,006 - -
Change - -39.4% 84.61% 51.35% -27.34% -29.52% - -
Enterprise Value (EV) 1 126,040 75,487 141,127 214,448 154,127 101,226 94,888 89,747
Change - -40.11% 86.96% 51.95% -28.13% -34.32% -6.26% -5.42%
P/E ratio 574x 243x 83.9x 155x 91.7x 47.1x 36.2x 28.3x
PBR 34.8x 15.7x 19.1x 22.9x 12.4x 7.16x 5.44x 4.46x
PEG - 5.8x 0x -8.3x 4.2x 1.3x 1.2x 1x
Capitalization / Revenue 21.9x 10.8x 16.1x 19.9x 12x 7.01x 5.91x 4.96x
EV / Revenue 21.4x 10.4x 15.7x 19.5x 11.6x 6.33x 5.01x 3.98x
EV / EBITDA 64.5x 32.9x 46.3x 56.2x 31.5x 17.7x 13.7x 10.6x
EV / EBIT 85x 40.6x 56.7x 65.9x 37.1x 19.8x 15.3x 11.8x
EV / FCF 67.5x 34.6x 51.7x 62.1x 33.2x 17.7x 13.8x 11.8x
FCF Yield 1.48% 2.89% 1.93% 1.61% 3.01% 5.66% 7.27% 8.46%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.226 0.32 1.684 1.368 1.67 2.274 2.962 3.778
Distribution rate - - - - - - - -
Net sales 1 5,896 7,245 8,971 10,984 13,278 15,987 18,946 22,561
EBITDA 1 1,954 2,293 3,051 3,818 4,887 5,710 6,938 8,441
EBIT 1 1,482 1,860 2,489 3,254 4,149 5,119 6,221 7,595
Net income 1 230 325 1,731 1,425 1,748 2,449 3,163 4,159
Net Debt 1 -3,130 -2,794 -3,389 -4,273 -4,793 -10,780 -17,118 -22,259
Reference price 2 129.82 77.65 141.30 212.02 153.19 107.08 107.08 107.08
Nbr of stocks (in thousands) 994,975 1,008,070 1,022,775 1,031,585 1,037,408 1,046,000 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/29/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.1x6.33x17.73x-.--% 112B
28.69x8.5x16.02x1.18% 460B
28.45x5.3x17.06x1.43% 237B
89x - - - 44.48B
52.57x3.31x11.69x0.23% 36.67B
38.07x14.15x22.97x-.--% 31.9B
36.87x4.68x16.22x - 15.8B
51.38x2.34x23.07x-.--% 16.1B
85.9x2.91x12.28x-.--% 12.77B
47.14x12.47x24.61x0.48% 10.04B
Average 50.52x 6.66x 17.96x 0.42% 97.74B
Weighted average by Cap. 36.13x 7.21x 16.73x 0.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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