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ServiceNow, Inc. (NOW) EV/FCF Ratio: 23.75x

Is ServiceNow, Inc.’s EV/FCF ratio high or low?

ServiceNow, Inc.'s EV/FCF ratio of 23.75x is 56% below its 5-year average of 53.68x, near the low end of its 5-year range (18.88x–91.80x).

The EV/FCF ratio for ServiceNow, Inc. (NOW) is 23.75x as of Wednesday, June 10, 2026. It is below its 12-month average by 39.03% (38.96x).

NOW EV/FCF Ratio Chart

NOW EV/FCF Ratio
23.75x-58.56% 1Y
Zoom

NOW Average EV/FCF Ratio Chart

NOW Current vs Average EV/FCF Ratio Chart

NOW EV/FCF Ratio Metrics

EV/FCF RATIO

23.75x

EV/FCF RATIO AVG TTM

38.96x

EV/FCF RATIO AVG 3Y

50.65x

EV/FCF RATIO AVG 5Y

53.68x

EV/FCF RATIO AVG 10Y

134.75x

EV/FCF RATIO AVG 15Y

191.02x

EV/FCF RATIO AVG 20Y

191.02x

CURRENT VS TTM AVG

-39.03%

CURRENT VS 3Y AVG

-53.11%

CURRENT VS 5Y AVG

-55.76%

CURRENT VS 10Y AVG

-82.37%

CURRENT VS 15Y AVG

-87.57%

CURRENT VS 20Y AVG

-87.57%

NOW Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
ServiceNow, Inc. (NOW)23.75x38.96x50.65x53.68x
Cadence Design Systems, Inc. (CDNS)$105.80B74.63x59.10x64.88x57.08x
Accenture plc (ACN)$104.93B8.41x13.52x19.92x21.54x
Fortinet, Inc. (FTNT)$101.91B41.72x31.54x31.84x35.01x
Adobe Inc. (ADBE)$94.61B9.37x13.96x25.97x28.28x
Synopsys, Inc. (SNPS)$87.82B35.98x60.09x60.97x50.76x
Snowflake Inc. (SNOW)$83.15B71.42x86.04x76.19x446.03x
Datadog, Inc. (DDOG)$81.03B77.71x55.76x65.13x110.55x
Uber Technologies, Inc. (UBER)$139.66B15.20x21.00x36.43x56.18x
Shopify Inc. (SHOP)$140.41B65.49x92.96x144.75x203.95x

Cash Flow Valuation Comparison

EV/FCF

23.8x

P/FCF

23.8x

FCF Yield

4.20%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

ServiceNow, Inc. EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

ServiceNow, Inc. EV/FCF Ratio FAQ

What is the EV/FCF ratio for ServiceNow, Inc. (NOW)?
The EV/FCF ratio for NOW stock is 23.75x.
Is ServiceNow, Inc.'s EV/FCF ratio high or low?
ServiceNow, Inc.'s EV/FCF ratio of 23.75x is 56% below its 5-year average of 53.68x, near the low end of its 5-year range (18.88x–91.80x).
What is the TTM average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The TTM average EV/FCF ratio for NOW stock is 38.96x.
What is the 3Y average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The 3Y average EV/FCF ratio for NOW stock is 50.65x.
What is the 5Y average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The 5Y average EV/FCF ratio for NOW stock is 53.68x.
What is the 10Y average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The 10Y average EV/FCF ratio for NOW stock is 134.75x.
What is the 15Y average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The 15Y average EV/FCF ratio for NOW stock is 191.02x.
What is the 20Y average EV/FCF ratio for ServiceNow, Inc. (NOW)?
The 20Y average EV/FCF ratio for NOW stock is 191.02x.

ServiceNow, Inc. EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-1023.75x
2026-06-0923.95x
2026-06-0825.57x
2026-06-0525.18x
2026-06-0426.73x
2026-06-0326.40x
2026-06-0228.59x
2026-06-0130.44x
2026-05-2927.86x
2026-05-2824.35x
2026-05-2722.86x
2026-05-2622.37x
2026-05-2222.86x
2026-05-2122.32x
2026-05-2023.13x
2026-05-1922.80x
2026-05-1823.15x
2026-05-1521.28x
2026-05-1420.25x
2026-05-1319.48x
2026-05-1219.92x
2026-05-1120.48x
2026-05-0820.41x
2026-05-0720.95x
2026-05-0619.93x
2026-05-0520.59x
2026-05-0420.58x
2026-05-0120.40x
2026-04-3019.76x
2026-04-2919.89x
2026-04-2820.25x
2026-04-2720.24x
2026-04-2420.18x
2026-04-2318.97x
2026-04-2223.08x
2026-04-2122.80x
2026-04-2022.70x
2026-04-1722.00x
2026-04-1621.95x
2026-04-1521.44x
2026-04-1419.97x
2026-04-1320.26x
2026-04-1018.88x
2026-04-0920.43x
2026-04-0822.19x
2026-04-0722.89x
2026-04-0623.32x
2026-04-0223.22x
2026-04-0123.69x
2026-03-3123.81x
2026-03-3023.90x
2026-03-2722.63x
2026-03-2623.60x
2026-03-2523.47x
2026-03-2423.83x
2026-03-2325.27x
2026-03-2025.14x
2026-03-1925.80x
2026-03-1825.90x
2026-03-1726.59x
2026-03-1626.17x
2026-03-1325.88x
2026-03-1225.72x
2026-03-1126.34x
2026-03-1026.57x
2026-03-0927.78x
2026-03-0628.34x
2026-03-0527.43x
2026-03-0425.94x
2026-03-0325.78x
2026-03-0224.92x
2026-02-2724.60x
2026-02-2624.89x
2026-02-2523.73x
2026-02-2423.34x
2026-02-2322.95x
2026-02-2023.74x
2026-02-1924.45x
2026-02-1824.55x
2026-02-1724.12x
2026-02-1324.39x
2026-02-1223.52x
2026-02-1122.90x
2026-02-1024.25x
2026-02-0923.65x
2026-02-0622.94x
2026-02-0523.37x
2026-02-0425.30x
2026-02-0325.00x
2026-02-0226.88x
2026-01-3026.66x
2026-01-2926.59x
2026-01-2829.54x
2026-01-2734.88x
2026-01-2636.09x
2026-01-2335.23x
2026-01-2234.02x
2026-01-2133.16x
2026-01-2033.19x
2026-01-1633.69x
2026-01-1534.72x
2026-01-1435.63x
2026-01-1336.58x
2026-01-1237.76x
2026-01-0937.54x
2026-01-0838.70x
2026-01-0739.95x
2026-01-0639.40x
2026-01-0539.07x
2026-01-0239.03x
2025-12-3140.56x
2025-12-3040.83x
2025-12-2940.93x
2025-12-2640.74x
2025-12-2440.40x
2025-12-2340.87x
2025-12-2241.48x
2025-12-1941.12x
2025-12-1840.61x
2025-12-1741.43x
2025-12-1641.36x
2025-12-1540.52x
2025-12-1245.82x
2025-12-1145.95x
2025-12-1045.21x
2025-12-0945.28x
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2025-11-2843.02x
2025-11-2642.51x
2025-11-2543.71x
2025-11-2443.21x
2025-11-2143.08x
2025-11-2042.39x
2025-11-1943.24x
2025-11-1843.32x
2025-11-1744.26x
2025-11-1445.04x
2025-11-1345.00x
2025-11-1245.76x
2025-11-1145.58x
2025-11-1045.88x
2025-11-0745.65x
2025-11-0645.48x
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2025-11-0447.01x
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2025-10-3148.69x
2025-10-3049.51x
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2025-10-2850.82x
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2025-10-1748.95x
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2025-07-3151.10x
2025-07-3052.97x
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2025-07-2853.42x
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2025-07-1153.26x
2025-07-1054.94x
2025-07-0957.54x
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2025-07-0758.75x
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2025-06-3058.36x
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2025-06-0457.48x
2025-06-0357.38x
2025-06-0257.44x
2025-05-3057.39x
2025-05-2957.62x

Showing the most recent 260 of 3,411 data points. The chart above shows the full history.

About ServiceNow, Inc.

ServiceNow, Inc. specializes in delivering cloud-based solutions designed to streamline and automate critical business services for organizations across the globe. Its flagship "Now Platform" serves as the foundation, leveraging technologies such as workflow automation, artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA). This platform also incorporates robust features like performance analytics, electronic service catalogs, configuration management systems, data benchmarking, encryption capabilities, and various collaboration and development tools. ServiceNow offers a comprehensive suite of applications built on this platform, catering to diverse enterprise needs. Key offerings include IT Service Management (ITSM), which streamlines support for employees, customers, and partners; IT Business Management (ITBM); IT Operations Management (ITOM), designed to integrate and manage both physical and cloud-based IT infrastructure; and IT Asset Management (ITAM) for automating asset lifecycles. Its Security Operations solution facilitates seamless integration between internal systems and third-party security tools. Beyond IT, the company provides solutions for Governance, Risk, and Compliance (GRC) to enhance organizational resilience, along with tools for Human Resources, Legal, and general workplace service delivery, including dedicated safe workplace applications. Other specialized applications cover Customer Service Management (CSM) and Field Service Management (FSM). To further extend functionality, ServiceNow offers App Engine for custom development and IntegrationHub to connect workflows across various applications. The company also provides a range of professional services, industry-specific solutions, and comprehensive customer support. ServiceNow's diverse client base spans critical sectors such as government, financial services, healthcare, telecommunications, manufacturing, and education, alongside various IT services, technology, oil and gas, and consumer product industries. The company reaches these customers through a combination of its direct sales force and a network of resale partners. Notably, a strategic alliance with Celonis assists clients in pinpointing and prioritizing business processes ripe for automation. Established in 2004 and headquartered in Santa Clara, California, the company originally operated as Service-now.com before rebranding to ServiceNow, Inc. in May 2012.

Santa Clara, CA
26,293 employees
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
William R. McDermott