Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

$24.99

Price to Book Value (P/BV)
since 2012

Microsoft Excel

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

ServiceNow Inc., P/BV, long-term trends, calculation

Microsoft Excel

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.


Share Price Trends
The share price demonstrated a general upward trajectory over the analyzed period. Starting at $7.33 in March 2013, the price rose steadily with occasional fluctuations, reaching a peak of $118.26 by February 2021. Thereafter, a decline occurred over the next year, dropping to $91.03 in 2023, before experiencing a strong recovery to $202.55 by January 2025. This pattern indicates overall positive market valuation growth despite some periods of volatility.
Book Value Per Share (BVPS) Progression
The book value per share increased consistently throughout the timeline. Beginning at $0.37 in 2013, it showed gradual growth year-on-year, reaching $9.33 by January 2025. This steady rise in BVPS reflects ongoing accumulation of net assets or retained earnings on a per-share basis, indicating strengthening of the company's equity base.
Price-to-Book Value (P/BV) Ratio Dynamics
The P/BV ratio exhibited considerable variability over the period. Initial values were high, starting near 20 and peaking at levels above 48 by February 2018. After this peak, the ratio moderated with fluctuations between approximately 18 and 40. By January 2025, the P/BV ratio settled around 21.71. These variations suggest changing investor sentiment regarding the relative valuation of the company’s shares compared to its book value, with periods of significant market optimism as well as phases of more tempered valuation.
Overall Interpretation
The data indicates robust growth in fundamental book value and pronounced increases in market valuation reflected in share price appreciation. The fluctuating P/BV ratio highlights shifts in market perception relative to intrinsic value, with cyclical investor enthusiasm impacting pricing multiples. The recent sizeable increase in share price alongside continued BVPS growth points to strong confidence in future prospects, balanced by historical periods of valuation adjustment.

Comparison to Competitors

ServiceNow Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

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)

Microsoft Excel

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)

Microsoft Excel

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).