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/Sales

As of 25 September 2026, ServiceNow, Inc. (NOW) trades at a EV/Sales of 9.7×. Over the past ten years it has ranged from 2.4× (January 2015) to 25.7× (September 2021); the current reading is higher than 12% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.9×.

EV/Sales, daily

Annual

Period EV/Sales Change
FY2025 11.6× (40.43%)
FY2024 19.5× 27.55%
FY2023 15.3× 47.66%
FY2022 10.3× (51.92%)
FY2021 21.5× (7.32%)
FY2020 23.2× 55.38%
FY2019 14.9× 25.78%
FY2018 11.9× 3.84%
FY2017 11.4× 31.99%
FY2016 8.7× (33.73%)

Quarterly

Period EV/Sales Change
Jun 2026 7.1× (4.68%)
Mar 2026 7.5× (35.43%)
Dec 2025 11.6× (21.48%)
Sep 2025 14.8× (14.49%)
42 more quarters

Against its own ten years

Low 2.4× High 25.7×
Ten-year median 14.4×
Current reading's percentile 12

EV/Sales against peers

Company EV/Sales
UBER Uber Technologies, Inc. compare 2.7×
ADBE Adobe Inc. compare 3.6×
ADP Automatic Data Processing, Inc. compare 4.9×
CRM Salesforce, Inc. compare 5.1×
NOW ServiceNow, Inc. 9.7×
SHOP Shopify Inc. compare 13.6×
CDNS Cadence Design Systems, Inc. compare 15.6×
SNOW Snowflake Inc. compare 21.6×
DDOG Datadog, Inc. compare 23.1×
Software Application industry median 2.6×
Technology sector median 2.9×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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