Company Valuation: ServiceNow, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 129,170 78,281 144,516 218,721 158,920 110,782 - -
Change - -39.4% 84.61% 51.35% -27.34% -30.29% - -
Enterprise Value (EV) 1 126,040 75,487 141,127 214,448 154,127 100,002 93,664 88,523
Change - -40.11% 86.96% 51.95% -28.13% -35.12% -6.34% -5.49%
P/E ratio 574x 243x 83.9x 155x 91.7x 46.6x 35.8x 28x
PBR 34.8x 15.7x 19.1x 22.9x 12.4x 7.08x 5.38x 4.41x
PEG - 5.8x 0x -8.3x 4.2x 1.3x 1.2x 1x
Capitalization / Revenue 21.9x 10.8x 16.1x 19.9x 12x 6.93x 5.85x 4.91x
EV / Revenue 21.4x 10.4x 15.7x 19.5x 11.6x 6.26x 4.94x 3.92x
EV / EBITDA 64.5x 32.9x 46.3x 56.2x 31.5x 17.5x 13.5x 10.5x
EV / EBIT 85x 40.6x 56.7x 65.9x 37.1x 19.5x 15.1x 11.7x
EV / FCF 67.5x 34.6x 51.7x 62.1x 33.2x 17.5x 13.6x 11.7x
FCF Yield 1.48% 2.89% 1.93% 1.61% 3.01% 5.73% 7.36% 8.57%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.226 0.32 1.684 1.368 1.67 2.274 2.962 3.778
Distribution rate - - - - - - - -
Net sales 1 5,896 7,245 8,971 10,984 13,278 15,987 18,946 22,561
EBITDA 1 1,954 2,293 3,051 3,818 4,887 5,710 6,938 8,441
EBIT 1 1,482 1,860 2,489 3,254 4,149 5,119 6,221 7,595
Net income 1 230 325 1,731 1,425 1,748 2,449 3,163 4,159
Net Debt 1 -3,130 -2,794 -3,389 -4,273 -4,793 -10,780 -17,118 -22,259
Reference price 2 129.82 77.65 141.30 212.02 153.19 105.91 105.91 105.91
Nbr of stocks (in thousands) 994,975 1,008,070 1,022,775 1,031,585 1,037,408 1,046,000 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
46.58x6.26x17.51x-.--% 111B
27.41x8.23x15.56x1.25% 443B
28.11x5.23x16.85x1.45% 234B
85.54x - - - 42.84B
50.24x3.17x11.19x0.24% 35.04B
38.19x14.21x23.13x-.--% 32.06B
52x2.37x23.39x-.--% 16.29B
36.44x4.62x16.04x - 15.61B
91.31x2.98x12.59x-.--% 13.04B
52.33x13.85x27.35x0.43% 11.15B
Average 50.81x 6.77x 18.18x 0.42% 95.3B
Weighted average by Cap. 35.36x 7.06x 16.48x 1.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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