Price to Operating Profit (P/OP)
since 2012
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- Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Net Profit Margin since 2012
- Return on Assets (ROA) since 2012
- Current Ratio since 2012
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Calculation
ServiceNow Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Income (loss) from operations1 (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.
- Share Price Trend
- The share price demonstrated a strong upward trend over the analyzed period. Starting at $36.66 in 2013, it increased substantially with minor fluctuations. By 2017, the price more than doubled from the previous year, reaching $161.01. This upward trajectory accelerated further between 2018 and 2021, peaking at $591.29. Although there was a moderate decline in 2022 to $455.13, the price recovered robustly in the subsequent years, reaching $766.69 in early 2024 and surpassing $1,000 by early 2025.
- Operating Profit Per Share (OPPS) Pattern
- The operating profit per share showed a notable evolution from negative to positive values over this time frame. Initially, it was negative and declining, starting at -$0.28 in 2013 and dropping to -$2.52 in 2017, indicating operating losses per share. After 2017, the losses began to diminish in magnitude, with the metric improving to -$0.24 by 2019. From 2020 onwards, OPPS transitioned to positive territory, showing steady growth from $0.22 to $6.62 by 2025, reflecting improving operational profitability on a per-share basis.
- Price-to-Operating Profit Ratio (P/OP)
- The price-to-operating profit ratio, available from 2020 onward, exhibited a decreasing trend. This ratio was extremely high at 1590.3 in 2020, suggesting that the share price was very high relative to operating profit per share. Over the following years, the ratio declined substantially to 583.07 in 2021 and continued falling to 152.95 by early 2025. This downward trend indicates the market valuation is becoming more aligned with improving operational earnings, as operating profit per share increased and the share price valuation relative to these earnings moderated.
- Overall Analysis
- The data reflects a company experiencing significant growth in market valuation alongside an improvement in operational profitability. The transition from operating losses to profitability marks a positive operational turnaround. The declining P/OP ratio from very high levels suggests that while the share price grew substantially, the improvement in operating profits has helped in tempering valuation multiples. This combination of growing earnings per share and rising share price may be indicative of strengthened investor confidence in the company’s financial performance and future prospects.
Comparison to Competitors
ServiceNow Inc., P/OP, long-term trends, comparison to competitors
| ServiceNow Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac 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).