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) P/S ratio

As of 25 September 2026, ServiceNow, Inc. (NOW) trades at a P/S ratio of 9.5×. Over the past ten years it has ranged from 2.7× (January 2015) to 26.0× (September 2021); the current reading is higher than 9% of that period. That is above the Software Application industry median of 2.7× and above the Technology sector median of 2.9×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2025 12.0× (39.79%)
FY2024 19.9× 26.98%
FY2023 15.6× 45.96%
FY2022 10.7× (50.85%)
FY2021 21.8× (7.28%)
FY2020 23.5× 54.60%
FY2019 15.2× 25.34%
FY2018 12.1× 3.25%
FY2017 11.8× 31.37%
FY2016 8.9× (33.24%)

Quarterly

Period P/S ratio Change
Jun 2026 7.0× (10.35%)
Mar 2026 7.8× (35.19%)
Dec 2025 12.0× (20.71%)
Sep 2025 15.1× (14.60%)
42 more quarters

Against its own ten years

Low 2.7× High 26.0×
Ten-year median 14.8×
Current reading's percentile 9

P/S ratio against peers

Company P/S ratio
UBER Uber Technologies, Inc. compare 2.6×
ADBE Adobe Inc. compare 3.6×
CRM Salesforce, Inc. compare 4.4×
ADP Automatic Data Processing, Inc. compare 4.8×
NOW ServiceNow, Inc. 9.5×
SHOP Shopify Inc. compare 13.9×
CDNS Cadence Design Systems, Inc. compare 15.3×
SNOW Snowflake Inc. compare 21.6×
DDOG Datadog, Inc. compare 24.1×
Software Application industry median 2.7×
Technology sector median 2.9×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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