ServiceNow (NOW) valuation
ServiceNow P/E ratio history
ServiceNow trades at 75.6 times its earnings over the last twelve months and 22.2 times the earnings analysts expect over the next twelve. At its last 5 fiscal year ends its P/E ranged from 84.1 (year to Dec 2023) to 242.7 (year to Dec 2022), with a median of 91.7.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $153.19 | $1.67 | 91.7 | 39.0 |
| Dec 31, 2024 | $212.02 | $1.37 | 154.8 | 66.6 |
| Dec 31, 2023 | $141.30 | $1.68 | 84.1 | 58.1 |
| Dec 31, 2022 | $77.65 | $0.32 | 242.7 | 44.8 |
| Dec 31, 2021 | $129.82 | $0.23 | n/m | 94.1 |
| Dec 31, 2020 | $110.09 | $0.12 | n/m | — |
| Dec 31, 2019 | $56.46 | $0.64 | 88.8 | — |
| Dec 31, 2018 | $35.61 | -$0.03 | n/m | — |
| Dec 31, 2017 | $26.08 | -$0.14 | n/m | — |
| Dec 31, 2016 | $14.87 | -$0.51 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
ServiceNow valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| ServiceNowNOW | $109B | 75.6 | 22.2 | 7.0 |
| SnowflakeSNOW | $106B | — | 116.6 | 19.5 |
| DatadogDDOG | $83.7B | 470.5 | 85.4 | 21.1 |
| MongoDBMDB | $28.4B | 490.2 | 49.0 | 10.2 |
| Palantir TechnologiesPLTR | $441B | 157.4 | 93.2 | 71.7 |
| C3 AiAI | $1.84B | — | — | 7.9 |
| Bigbear.AiBBAI | $1.25B | — | — | 8.8 |
| Peer median | 470.5 | 89.3 | 14.9 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: NOW financials · NOW returns
No forecast, no recommendation. This page describes ServiceNow from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.