ServiceNow, Inc.
NOW Technology Software Application
ServiceNow, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.3 billion, up 20.9% from fiscal 2024. In the quarter to June 2026, revenue grew 24.0%, EPS fell 22.0%, free cash flow fell 10.1% and total debt rose 404.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.
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ServiceNow, Inc. (NOW) P/B ratio
As of 16 October 2026, ServiceNow, Inc. (NOW) trades at a P/B ratio of 11.7×. Over the past ten years it has ranged from 4.3× (January 2015) to 44.8× (July 2019); the current reading is higher than 8% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 12.3× | (46.05%) |
| FY2024 | 22.7× | 23.42% |
| FY2023 | 18.4× | 19.23% |
| FY2022 | 15.4× | (55.66%) |
| FY2021 | 34.8× | (7.22%) |
| FY2020 | 37.5× | 51.61% |
| FY2019 | 24.7× | (13.19%) |
| FY2018 | 28.5× | (1.60%) |
| FY2017 | 29.0× | (9.97%) |
| FY2016 | 32.2× | 35.29% |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 8.2× | (11.35%) |
| Mar 2026 | 9.2× | (24.68%) |
| Dec 2025 | 12.3× | (27.55%) |
| Sep 2025 | 16.9× | (13.21%) |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| SAP SAP SE compare | 4.9× |
| UBER Uber Technologies, Inc. compare | 5.1× |
| CRM Salesforce, Inc. compare | 5.1× |
| ADBE Adobe Inc. compare | 8.2× |
| NOW ServiceNow, Inc. | 11.7× |
| SHOP Shopify Inc. compare | 17.3× |
| ADP Automatic Data Processing, Inc. compare | 19.3× |
| DDOG Datadog, Inc. compare | 20.2× |
| SNOW Snowflake Inc. compare | 49.7× |
| Software Application industry median | 2.6× |
| Technology sector median | 2.7× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on NOW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement