ServiceNow, Inc.

BRSE:4S0 Stock Report

Market Cap: CHF 182.9b

ServiceNow Valuation

Is 4S0 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 4S0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
CHF 880.23
Fair Value
6.8% overvalued intrinsic discount
39
Number of Analysts

Below Fair Value: 4S0 (CHF939.7) is trading above our estimate of fair value (CHF880.23)

Significantly Below Fair Value: 4S0 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4S0?

Key metric: As 4S0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4S0. This is calculated by dividing 4S0's market cap by their current earnings.
What is 4S0's PE Ratio?
PE Ratio142.6x
EarningsUS$1.43b
Market CapUS$203.25b

Price to Earnings Ratio vs Peers

How does 4S0's PE Ratio compare to its peers?

The above table shows the PE ratio for 4S0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average60.2x
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
TEMN Temenos
44.4x13.0%CHF 5.8b
4S0 ServiceNow
142.6x20.6%CHF 203.2b

Price-To-Earnings vs Peers: 4S0 is expensive based on its Price-To-Earnings Ratio (142.6x) compared to the peer average (60.2x).

Price to Earnings Ratio vs Industry

How does 4S0's PE Ratio compare vs other companies in the European Software Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4S0 142.6xIndustry Avg. 26.6xNo. of Companies18PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4S0 is expensive based on its Price-To-Earnings Ratio (142.6x) compared to the European Software industry average (26.6x).

Price to Earnings Ratio vs Fair Ratio

What is 4S0'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.

4S0 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 4S0'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 4S0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
CHF 1,038.07
0%
12.5%CHF 1,282.92CHF 644.16n/a39
Feb ’26CHF 939.70
CHF 1,043.90
+11.1%
12.8%CHF 1,304.15CHF 652.08n/a39
Jan ’26n/a
CHF 960.73
0%
13.3%CHF 1,170.49CHF 644.67n/a38
Dec ’25CHF 923.34
CHF 890.89
-3.5%
10.4%CHF 1,100.58CHF 630.41n/a38
Nov ’25CHF 832.20
CHF 860.34
+3.4%
8.7%CHF 1,011.93CHF 619.27n/a37
Oct ’25n/a
CHF 738.23
0%
6.0%CHF 803.91CHF 605.89n/a37
Sep ’25n/a
CHF 747.30
0%
6.8%CHF 816.14CHF 549.82n/a37
Aug ’25n/a
CHF 769.00
0%
6.7%CHF 839.24CHF 565.38n/a37
Jul ’25CHF 705.57
CHF 764.73
+8.4%
5.6%CHF 849.78CHF 656.56n/a36
Jun ’25n/a
CHF 777.86
0%
5.5%CHF 863.14CHF 666.89n/a37
May ’25CHF 655.85
CHF 785.96
+19.8%
5.5%CHF 873.30CHF 674.74n/a38
Apr ’25n/a
CHF 745.49
0%
7.1%CHF 886.69CHF 585.22n/a37
Mar ’25CHF 684.24
CHF 727.09
+6.3%
7.2%CHF 795.15CHF 576.70n/a37
Feb ’25CHF 664.66
CHF 711.66
+7.1%
8.1%CHF 783.86CHF 551.29CHF 939.7037
Jan ’25n/a
CHF 583.24
0%
9.4%CHF 690.98CHF 459.25n/a35
Dec ’24n/a
CHF 569.08
0%
6.1%CHF 665.05CHF 473.80CHF 923.3435
Nov ’24n/a
CHF 583.30
0%
5.1%CHF 636.57CHF 491.40CHF 832.2036
Oct ’24n/a
CHF 578.52
0%
5.1%CHF 657.56CHF 515.12n/a35
Sep ’24n/a
CHF 565.88
0%
5.0%CHF 644.90CHF 505.20n/a34
Aug ’24n/a
CHF 558.64
0%
5.1%CHF 638.11CHF 499.88n/a34
Jul ’24n/a
CHF 494.79
0%
10.3%CHF 596.36CHF 367.68CHF 705.5734
Jun ’24n/a
CHF 497.10
0%
9.7%CHF 605.74CHF 373.46n/a34
May ’24n/a
CHF 483.18
0%
9.0%CHF 580.96CHF 366.45CHF 655.8535
Apr ’24n/a
CHF 485.82
0%
10.6%CHF 593.96CHF 343.38n/a35
Mar ’24n/a
CHF 485.82
0%
10.6%CHF 593.96CHF 343.38CHF 684.2435
Feb ’24n/a
CHF 474.41
0%
11.5%CHF 581.59CHF 290.80CHF 664.6635
Analyst Price Target
Consensus Narrative from 39 Analysts
CHF 1.10k
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 Analysis2025/02/16 13:13
End of Day Share Price 2025/01/31 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