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ServiceNow NOW Price / book

Price / book at other companies

International Business Machines logo
International Business MachinesIBM
6.9×-1.7×
Salesforce logo
SalesforceCRM
4.2×0.0×
Workday, Inc. logo
Workday, Inc.WDAY
4.7×-2.4×
Oracle logo
OracleORCL
10.9×-16.9×
Guidewire Software logo
Guidewire SoftwareGWRE
8.9×-3.4×
Atlassian logo
AtlassianTEAM
20.5×-20.1×

Other financials

Income statement

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Revenue$3.8B+22.1%
Gross profit$2.8B+16.1%
Operating income$503.0M+11.5%
Net income$469.0M+2.0%
EPS (diluted)$0.45+2.3%

Balance sheet

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Cash & equivalents$2.7B-19.8%
Total debt$940.0M+3.4%
Total equity$11.7B+15.7%
Total assets$24.4B+16.3%

Cash flow

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Operating cash flow$1.7B-0.4%
CapEx$141.0M-31.2%
Free cash flow$1.5B+3.9%

Valuation

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Market cap$98.02B-33.5%
Enterprise value$96.25B-33.6%
P/E55.8×-40.0×
P/S-5.8×

Profitability

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Gross margin76.6%-2.4pp
Operating margin13.4%+0.5pp
Net margin12.6%-0.8pp
FCF margin33.2%+1.1pp

Returns & leverage

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Return on equity16.1%-0.8pp
Debt / equity0.1×0.0×
Current ratio0.8×-0.3×

Where this comes from

Calculated from ServiceNow’s reported figures.

Based on the most recent quarter.

The official record: ServiceNow’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ServiceNow's price / book?
ServiceNow (NOW) reported price / book of 9.3× in Q1 2026.
How has ServiceNow's price / book changed year-over-year?
ServiceNow's price / book decreased by 42.5% year-over-year, from 16.2× to 9.3×.
What is the long-term trend for ServiceNow's price / book?
Over 5 years (2020 to 2025), ServiceNow's price / book has grown at a -20.5% compound annual growth rate (CAGR), from 38.7× to 12.3×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.