ServiceNow, Inc.

WBAG:SNOW Stock Report

Market Cap: €193.7b

ServiceNow Valuation

Is SNOW undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SNOW when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€817.66
Fair Value
13.5% overvalued intrinsic discount
39
Number of Analysts

Below Fair Value: SNOW (€928.3) is trading above our estimate of fair value (€817.66)

Significantly Below Fair Value: SNOW is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNOW?

Key metric: As SNOW is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SNOW. This is calculated by dividing SNOW's market cap by their current earnings.
What is SNOW's PE Ratio?
PE Ratio142.6x
EarningsUS$1.43b
Market CapUS$203.25b

Price to Earnings Ratio vs Peers

How does SNOW's PE Ratio compare to its peers?

The above table shows the PE ratio for SNOW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average56.3x
PANW Palo Alto Networks
105.6x17.8%US$132.4b
FTNT Fortinet
49x9.9%US$85.6b
ORCL Oracle
41.9x15.7%US$487.1b
CHKP Check Point Software Technologies
28.9x5.2%US$24.4b
SNOW ServiceNow
142.6x20.6%€203.2b

Price-To-Earnings vs Peers: SNOW is expensive based on its Price-To-Earnings Ratio (142.6x) compared to the peer average (56.1x).

Price to Earnings Ratio vs Industry

How does SNOW's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SNOW 142.6xIndustry Avg. 26.6xNo. of Companies18PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SNOW is expensive based on its Price-To-Earnings Ratio (142.6x) compared to the European Software industry average (26.1x).

Price to Earnings Ratio vs Fair Ratio

What is SNOW's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNOW PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio142.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SNOW's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SNOW forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€928.30
€1,099.62
+18.5%
12.5%€1,358.98€682.35n/a39
Feb ’26€993.30
€1,105.77
+11.3%
12.8%€1,381.45€690.73n/a39
Jan ’26€1,028.00
€1,026.38
-0.2%
13.3%€1,250.47€688.72n/a38
Dec ’25€993.00
€956.19
-3.7%
10.4%€1,181.25€676.62n/a38
Nov ’25€873.90
€919.63
+5.2%
8.7%€1,081.67€661.94n/a37
Oct ’25€791.80
€788.11
-0.5%
6.0%€858.23€646.83n/a37
Sep ’25€756.80
€797.06
+5.3%
6.8%€870.49€586.43n/a37
Aug ’25€759.00
€801.72
+5.6%
6.7%€874.95€589.44n/a37
Jul ’25€733.80
€797.73
+8.7%
5.6%€886.45€684.90n/a36
Jun ’25€591.80
€795.95
+34.5%
5.5%€883.22€682.40n/a37
May ’25€656.40
€800.96
+22.0%
5.5%€889.96€687.61n/a38
Apr ’25€700.00
€769.80
+10.0%
7.1%€915.60€604.30n/a37
Mar ’25€714.60
€772.20
+8.1%
7.2%€844.48€612.48n/a37
Feb ’25€706.40
€762.81
+8.0%
8.1%€840.20€590.91€993.3037
Jan ’25€640.80
€623.27
-2.7%
9.4%€738.41€490.77€1,028.0035
Dec ’24€631.00
€601.90
-4.6%
6.1%€703.42€501.13€993.0035
Nov ’24€555.20
€612.24
+10.3%
5.1%€668.16€515.79€873.9036
Oct ’24€532.80
€606.83
+13.9%
5.1%€689.74€540.33€791.8035
Sep ’24€551.20
€590.67
+7.2%
5.0%€673.15€527.33€756.8034
Aug ’24€537.40
€582.89
+8.5%
5.1%€665.81€521.58€759.0034
Jul ’24€515.40
€505.50
-1.9%
10.3%€609.27€375.64€733.8034
Jun ’24€506.20
€510.64
+0.9%
9.7%€622.24€383.64€591.8034
May ’24€404.90
€490.59
+21.2%
9.0%€589.88€372.08€656.4035
Apr ’24€420.15
€487.94
+16.1%
10.6%€596.54€344.88€700.0035
Mar ’24€400.35
€487.94
+21.9%
10.6%€596.54€344.88€714.6035
Feb ’24€418.80
€475.22
+13.5%
11.5%€582.59€291.30€706.4035
Analyst Price Target
Consensus Narrative from 39 Analysts
€1.09k
Fair Value
14.5% undervalued intrinsic discount
39
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 13:00
End of Day Share Price 2025/02/14 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ServiceNow, Inc. is covered by 68 analysts. 40 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Dimitri KallianiotisAtlantic Equities LLP