Company Valuation: ServiceNow, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,29,170 78,281 1,44,516 2,18,721 1,58,920 98,046 - -
Change - -39.4% 84.61% 51.35% -27.34% -38.3% - -
Enterprise Value (EV) 1 1,26,040 75,487 1,41,127 2,14,448 1,54,127 91,082 85,128 79,892
Change - -40.11% 86.96% 51.95% -28.13% -40.9% -6.54% -6.15%
P/E ratio 574x 243x 83.9x 155x 91.7x 48.6x 35.8x 26.1x
PBR 34.8x 15.7x 19.1x 22.9x 12.3x 7.17x 5.42x 4.13x
PEG - 5.8x 0x -8.3x 4.2x 2.8x 1x 0.7x
Capitalization / Revenue 21.9x 10.8x 16.1x 19.9x 12x 6.05x 5.11x 4.3x
EV / Revenue 21.4x 10.4x 15.7x 19.5x 11.6x 5.62x 4.44x 3.51x
EV / EBITDA 64.5x 32.9x 46.3x 56.2x 31.5x 15.5x 12x 9.22x
EV / EBIT 85x 40.6x 56.7x 65.9x 37.1x 17.9x 13.6x 10.5x
EV / FCF 67.5x 34.6x 51.7x 62.1x 33.2x 16.1x 12.3x 9.3x
FCF Yield 1.48% 2.89% 1.93% 1.61% 3.01% 6.23% 8.12% 10.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.226 0.32 1.684 1.368 1.67 1.957 2.656 3.646
Distribution rate - - - - - - - -
Net sales 1 5,896 7,245 8,971 10,984 13,278 16,199 19,192 22,788
EBITDA 1 1,954 2,293 3,051 3,818 4,887 5,870 7,098 8,662
EBIT 1 1,482 1,860 2,489 3,254 4,149 5,101 6,237 7,627
Net income 1 230 325 1,731 1,425 1,748 2,004 2,833 3,800
Net Debt 1 -3,130 -2,794 -3,389 -4,273 -4,793 -6,965 -12,918 -18,154
Reference price 2 129.82 77.65 141.30 212.02 153.19 95.07 95.07 95.07
Nbr of stocks (in thousands) 9,94,975 10,08,070 10,22,775 10,31,585 10,37,408 10,31,308 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.57x5.62x15.52x-.--% 9.8TCr
33.18x9.76x18.08x0.99% 55TCr
20.55x4.01x12.3x1.88% 20TCr
3.34x136.15x1161.02x-.--% 6.23TCr
32.57x3.03x10.96x0.21% 4.02TCr
28.83x11.35x18.5x-.--% 2.55TCr
25.78x1.52x13.83x-.--% 1.34TCr
24.54x3.5x11.79x - 1.29TCr
76.91x7.11x31.87x-.--% 1.1TCr
19.3x3.26x12x2.69% 1.04TCr
Average 31.36x 18.53x 130.59x 0.64% 10.24TCr
Weighted average by Cap. 30.42x 15.45x 85.91x 0.94%

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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