NOWServiceNow

$130.78

Is the price fair?

What NOW's price assumes

Today's price asks for 6.6% free cash flow growth a year; over the last three years ServiceNow delivered 26%, less than the record.

7.79

Price / sales · no P/E: the last twelve months did not end in a profit

Free cash flow yield
4.7%

Free cash flow yield · Software - Application median 6.7%

Growth the price implies
+6.6%

Growth the price implies · The price pays for +6.6% free cash flow growth a year for a decade; the business has delivered +26% a year over the last three.

Price / book
9.27

Price / book · as of 2026-Q1

Details
Price / book2026-Q1
9.27
Free cash flow, trailing twelve months
$4.58B
Market capitalisation
$98.0B
3-year revenue growth
+22%
3-year free cash flow growth
+26%

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.