Price to Book Value (P/BV)
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Calculation
ServiceNow Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 30, 2025 | = | ÷ | = | ÷ | |||||||
| Jan 25, 2024 | = | ÷ | = | ÷ | |||||||
| Jan 31, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 12, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 8, 2013 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of ServiceNow Inc. Annual Report.
The analysis of the annual financial data reveals notable trends in the share price, book value per share (BVPS), and the price-to-book value (P/BV) ratio over the observed period.
- Share Price
- The share price demonstrates a general upward trajectory from 2013 through 2025, increasing from US$36.66 to US$1,012.75. This growth, however, is characterized by periods of volatility. For example, the share price declined between 2015 and 2016, dropping from $76.26 to $54.16, and again from 2021 to 2023, falling from $591.29 to $455.13. Despite these dips, the overall trend indicates strong appreciation, especially notable increases in the periods 2016 to 2018 and from 2023 to 2025.
- Book Value per Share (BVPS)
- BVPS exhibits consistent growth throughout the period, rising from $1.85 in 2013 to $46.65 in 2025. The progression is steady with no evident declines, indicating an ongoing increase in the company's net asset value on a per-share basis. This suggests effective retention of earnings or accumulation of equity over time.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio fluctuates significantly over the years, reflecting changing market perceptions relative to the company's book value. Initially, it rose from 19.87 in 2013 to peak around 48.15 in 2018, suggesting heightened investor optimism or expectations of future growth. Following this peak, the ratio trends downward with some fluctuations, reaching around 18.36 by 2023, before slightly increasing again towards 21.71 in 2025. These fluctuations imply periodic adjustments in valuation multiples, possibly influenced by market conditions or performance expectations.
In summary, the data indicates a company with steadily increasing intrinsic value, as reflected in the rising book value per share, accompanied by substantial growth in share price. The variability in the P/BV ratio suggests changing market sentiment but overall confirms a robust valuation with the company often trading at a high premium to book value. Periodic share price declines amid growing book value point to possible temporary market corrections or external factors impacting market confidence.
Comparison to Competitors
ServiceNow Inc., P/BV, long-term trends, comparison to competitors
| ServiceNow Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 30, 2025 | |||||||||||||||
| Jan 25, 2024 | |||||||||||||||
| Jan 31, 2023 | |||||||||||||||
| Feb 3, 2022 | |||||||||||||||
| Feb 12, 2021 | |||||||||||||||
| Feb 20, 2020 | |||||||||||||||
| Feb 27, 2019 | |||||||||||||||
| Feb 28, 2018 | |||||||||||||||
| Feb 28, 2017 | |||||||||||||||
| Feb 25, 2016 | |||||||||||||||
| Feb 27, 2015 | |||||||||||||||
| Feb 28, 2014 | |||||||||||||||
| Mar 8, 2013 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Software & Services)
ServiceNow Inc., P/BV, long-term trends, comparison to sector (software & services)
| ServiceNow Inc. | Software & Services | |
|---|---|---|
| Jan 30, 2025 | ||
| Jan 25, 2024 | ||
| Jan 31, 2023 | ||
| Feb 3, 2022 | ||
| Feb 12, 2021 | ||
| Feb 20, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 25, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Mar 8, 2013 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Information Technology)
ServiceNow Inc., P/BV, long-term trends, comparison to industry (information technology)
| ServiceNow Inc. | Information Technology | |
|---|---|---|
| Jan 30, 2025 | ||
| Jan 25, 2024 | ||
| Jan 31, 2023 | ||
| Feb 3, 2022 | ||
| Feb 12, 2021 | ||
| Feb 20, 2020 | ||
| Feb 27, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 25, 2016 | ||
| Feb 27, 2015 | ||
| Feb 28, 2014 | ||
| Mar 8, 2013 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).