ServiceNow, Inc. (NOW)
Services-Prepackaged Software
Latest Price
$111.23
TTM P/E
--
Normalized P/E
28.23
Div Yield
--
Book Value
12.11
P/B Ratio
9.18
Valuation metrics
adjust assumptions →EPS: $1.67
Book value / share: $12.38
Formula: √(22.5 × EPS × BVPS)
Graham Number
$21.57
81% downside
Norm. op. income: $355M (median of 7yr)
Tax rate: 19%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$6.32
94% downside
Base FCF: $2.7B (median of recent 5yr)
Growth: 25%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$195.71
+76% upside
EPS: $1.67
Target P/E: 28×
Formula: EPS × P/E
P/E Fair Value
$46.76
58% downside
Institutional Ownership
80.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 97.50M | $10.19B | 9.43% | +2.18M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 67.98M | $7.11B | 6.58% | -- | 2026-03-31 |
| STATE STREET CORP | 48.06M | $5.02B | 4.65% | +161.9K | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 34.11M | $3.57B | 3.30% | +1.71M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 25.17M | $2.63B | 2.43% | -- | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 24.42M | $2.55B | 2.36% | +911.4K | 2026-03-31 |
| MORGAN STANLEY | 23.35M | $2.44B | 2.26% | +614.5K | 2026-03-31 |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 14.28M | $1.49B | 1.38% | +270.6K | 2026-03-31 |
| JANE STREET GROUP, LLC | 13.98M | $1.46B | 1.35% | +6.95M | 2026-03-31 |
| FMR LLC | 12.28M | $1.28B | 1.19% | -3.53M | 2026-03-31 |