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) Price to free cash flow

As of 25 September 2026, ServiceNow, Inc. (NOW) trades at a price to free cash flow of 30.8×. Over the past ten years it has ranged from 18.7× (April 2026) to 6,137× (September 2016); the current reading is higher than 7% of that period. That is above the Software Application industry median of 16.6× and above the Technology sector median of 19.8×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 35.0× (45.81%)
FY2024 64.7× 23.51%
FY2023 52.3× 42.66%
FY2022 36.7× (50.28%)
FY2021 73.8× (11.05%)
FY2020 83.0× 39.85%
FY2019 59.3× 5.35%
FY2018 56.3× 19.31%
FY2017 47.2× (86.81%)
FY2016 358× 511.70%

Quarterly

Period Price to free cash flow Change
Jun 2026 22.6× (4.28%)
Mar 2026 23.6× (32.70%)
Dec 2025 35.0× (28.40%)
Sep 2025 48.9× (12.58%)
42 more quarters

Against its own ten years

Low 18.7× High 6,137×
Ten-year median 59.0×
Current reading's percentile 7

Price to free cash flow against peers

Company Price to free cash flow
ADBE Adobe Inc. compare 8.8×
CRM Salesforce, Inc. compare 12.7×
UBER Uber Technologies, Inc. compare 14.0×
ADP Automatic Data Processing, Inc. compare 22.2×
NOW ServiceNow, Inc. 30.8×
CDNS Cadence Design Systems, Inc. compare 53.5×
SHOP Shopify Inc. compare 78.3×
DDOG Datadog, Inc. compare 89.0×
SNOW Snowflake Inc. compare 98.4×
Software Application industry median 16.6×
Technology sector median 19.8×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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