ServiceNow, Inc. NOW

135.62 (2.16) (1.57%) as of 25 Sep
Market cap
$142.1B
P/E
84.0×
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ServiceNow, Inc. (NOW) EV/EBITDA

As of 25 September 2026, ServiceNow, Inc. (NOW) trades at a EV/EBITDA of 41.7×. Over the past ten years it has ranged from 0.0× (March 2017) to 156× (June 2019); the current reading is higher than 25% of that period. That is above the Software Application industry median of 14.4× and above the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 48.4× (43.94%)
FY2024 86.4× 12.37%
FY2023 76.9× 17.52%
FY2022 65.4× (47.26%)
FY2021 124× (8.16%)
FY2020 135× 29.28%
FY2019 104× 2.20%
FY2018 102× (5.96%)
FY2017 109× —
FY2016 0.0× —

Quarterly

Period EV/EBITDA Change
Jun 2026 30.8× (1.26%)
Mar 2026 31.2× (35.61%)
Dec 2025 48.4× (21.50%)
Sep 2025 61.7× (16.82%)
42 more quarters

Against its own ten years

Low 0.0× High 156×
Ten-year median 85.2×
Current reading's percentile 25

EV/EBITDA against peers

Company EV/EBITDA
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. compare 9.3×
ADP Automatic Data Processing, Inc. compare 14.4×
CRM Salesforce, Inc. compare 15.0×
UBER Uber Technologies, Inc. compare 19.9×
NOW ServiceNow, Inc. 41.7×
CDNS Cadence Design Systems, Inc. compare 43.4×
SHOP Shopify Inc. compare 96.3×
DDOG Datadog, Inc. compare 760×
Software Application industry median 14.4×
Technology sector median 15.7×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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