Now Inc Stock Beta

DNOW Stock

USD 14.74 0.82 5.27%

Fundamental analysis of Now allows traders to better anticipate movements in Now's stock price by examining its financial health and performance throughout various phases of its business cycle.

Other Current Liab Total Assets

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Now Inc Company Beta Analysis

Now's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Now Beta

1.08

Most of Now's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Now Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Now Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Now is extremely important. It helps to project a fair market value of Now Stock properly, considering its historical fundamentals such as Beta. Since Now's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Now's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Now's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Debt	Net Tangible Assets	Retained Earnings	Long Term Debt	Capital Surpluse	Deferred Long Term Liab	Long Term Debt Total	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.39	0.56	0.97	0.87	0.28	0.96	0.27	0.68	-0.44	-0.51	0.05	0.9	0.97	-0.83	-0.53	0.87	0.72	-0.56	0.83	0.75	0.25
Total Stockholder Equity	0.98		0.33	0.43	0.95	0.83	0.11	0.97	0.22	0.78	-0.51	-0.58	0.02	0.95	0.99	-0.89	-0.55	0.88	0.68	-0.62	0.79	0.71	0.23
Net Debt	0.39	0.33		0.13	0.27	0.67	0.43	0.19	0.9	0.08	0.18	-0.17	0.65	0.13	0.34	-0.05	-0.34	0.61	0.77	-0.31	0.77	0.73	0.24
Accounts Payable	0.56	0.43	0.13		0.63	0.48	0.83	0.51	0.05	-0.06	0.01	0.15	-0.15	0.34	0.4	-0.28	-0.13	0.26	0.33	-0.03	0.4	0.34	0.14
Net Receivables	0.97	0.95	0.27	0.63		0.77	0.29	0.98	0.11	0.67	-0.45	-0.48	-0.07	0.92	0.94	-0.85	-0.53	0.81	0.66	-0.53	0.7	0.63	0.22
Good Will	0.87	0.83	0.67	0.48	0.77		0.39	0.72	0.6	0.53	-0.28	-0.33	0.24	0.64	0.83	-0.62	-0.39	0.79	0.78	-0.53	0.92	0.8	0.14
Total Liab	0.28	0.11	0.43	0.83	0.29	0.39		0.14	0.37	-0.39	0.31	0.32	0.14	-0.06	0.08	0.18	0.02	0.13	0.38	0.23	0.4	0.36	0.15
Total Current Assets	0.96	0.97	0.19	0.51	0.98	0.72	0.14		0.05	0.76	-0.57	-0.59	-0.09	0.97	0.95	-0.89	-0.58	0.82	0.64	-0.54	0.66	0.63	0.27
Intangible Assets	0.27	0.22	0.9	0.05	0.11	0.6	0.37	0.05		-0.11	0.36	-0.1	0.74	-0.02	0.23	0.0	-0.21	0.52	0.63	-0.41	0.7	0.65	0.08
Common Stock	0.68	0.78	0.08	-0.06	0.67	0.53	-0.39	0.76	-0.11		-0.81	-0.66	-0.17	0.83	0.78	-0.81	-0.48	0.62	0.44	-0.47	0.45	0.42	0.21
Property Plant Equipment	-0.44	-0.51	0.18	0.01	-0.45	-0.28	0.31	-0.57	0.36	-0.81		0.52	0.4	-0.6	-0.47	0.57	0.4	-0.28	-0.26	0.12	-0.13	-0.22	-0.24
Current Deferred Revenue	-0.51	-0.58	-0.17	0.15	-0.48	-0.33	0.32	-0.59	-0.1	-0.66	0.52		-0.3	-0.66	-0.59	0.6	0.61	-0.67	-0.64	0.49	-0.38	-0.46	-0.3
Short Term Debt	0.05	0.02	0.65	-0.15	-0.07	0.24	0.14	-0.09	0.74	-0.17	0.4	-0.3		-0.08	0.02	0.09	-0.34	0.42	0.48	-0.37	0.4	0.4	0.3
Net Tangible Assets	0.9	0.95	0.13	0.34	0.92	0.64	-0.06	0.97	-0.02	0.83	-0.6	-0.66	-0.08		0.94	-0.93	-0.63	0.82	0.57	-0.6	0.6	0.58	0.3
Retained Earnings	0.97	0.99	0.34	0.4	0.94	0.83	0.08	0.95	0.23	0.78	-0.47	-0.59	0.02	0.94		-0.9	-0.52	0.87	0.67	-0.65	0.78	0.7	0.17
Long Term Debt	-0.83	-0.89	-0.05	-0.28	-0.85	-0.62	0.18	-0.89	0.0	-0.81	0.57	0.6	0.09	-0.93	-0.9		0.6	-0.75	-0.46	0.78	-0.53	-0.5	-0.19
Capital Surpluse	-0.53	-0.55	-0.34	-0.13	-0.53	-0.39	0.02	-0.58	-0.21	-0.48	0.4	0.61	-0.34	-0.63	-0.52	0.6		-0.73	-0.62	0.57	-0.48	-0.68	-0.75
Deferred Long Term Liab	0.87	0.88	0.61	0.26	0.81	0.79	0.13	0.82	0.52	0.62	-0.28	-0.67	0.42	0.82	0.87	-0.75	-0.73		0.85	-0.71	0.86	0.86	0.42
Long Term Debt Total	0.72	0.68	0.77	0.33	0.66	0.78	0.38	0.64	0.63	0.44	-0.26	-0.64	0.48	0.57	0.67	-0.46	-0.62	0.85		-0.43	0.83	0.85	0.39
Short Long Term Debt	-0.56	-0.62	-0.31	-0.03	-0.53	-0.53	0.23	-0.54	-0.41	-0.47	0.12	0.49	-0.37	-0.6	-0.65	0.78	0.57	-0.71	-0.43		-0.53	-0.49	-0.1
Net Invested Capital	0.83	0.79	0.77	0.4	0.7	0.92	0.4	0.66	0.7	0.45	-0.13	-0.38	0.4	0.6	0.78	-0.53	-0.48	0.86	0.83	-0.53		0.93	0.34
Net Working Capital	0.75	0.71	0.73	0.34	0.63	0.8	0.36	0.63	0.65	0.42	-0.22	-0.46	0.4	0.58	0.7	-0.5	-0.68	0.86	0.85	-0.49	0.93		0.57
Capital Stock	0.25	0.23	0.24	0.14	0.22	0.14	0.15	0.27	0.08	0.21	-0.24	-0.3	0.3	0.3	0.17	-0.19	-0.75	0.42	0.39	-0.1	0.34	0.57

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Now

In accordance with the recently published financial statements, Now Inc has a Beta of 1.078. This is 36.59% lower than that of the Trading Companies & Distributors sector and 40.44% lower than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

Now Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Now's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Now could also be used in its relative valuation, which is a method of valuing Now by comparing valuation metrics of similar companies.

Now is currently under evaluation in beta category among its peers.

Now Current Valuation Drivers

We derive many important indicators used in calculating different scores of Now from analyzing Now's financial statements. These drivers represent accounts that assess Now's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Now's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	785.5M	942.8M	1.4B	1.2B	1.4B	1.8B
Enterprise Value	423.5M	646.8M	1.2B	957.7M	1.2B	1.6B

Now ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Now's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Now's managers, analysts, and investors.

Environmental

Governance

Social

Now Institutional Holders

Institutional Holdings refers to the ownership stake in Now that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Now's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Now's value.

		Shares
American Century Companies Inc	2025-03-31	2 M
Jpmorgan Chase & Co	2025-03-31	1.6 M
D. E. Shaw & Co Lp	2025-03-31	1.5 M
Morgan Stanley - Brokerage Accounts	2025-03-31	1.5 M
Pacer Advisors, Inc.	2025-03-31	1.4 M
Goldman Sachs Group Inc	2025-03-31	1.4 M
Northern Trust Corp	2025-03-31	1.2 M
Allianz Asset Management Ag	2025-03-31	1.2 M
Arrowstreet Capital Limited Partnership	2025-03-31	1.1 M
Blackrock Inc	2025-03-31	18.8 M
Vanguard Group Inc	2025-03-31	11.8 M

Now returns are very sensitive to returns on the market. As the market goes up or down, Now is expected to follow.

Now Fundamentals

	Return On Equity	0.0756
	Return On Asset	0.0516
	Profit Margin	0.03 %
	Operating Margin	0.06 %
	Current Valuation	1.37 B
	Shares Outstanding	105.11 M
	Shares Owned By Insiders	2.36 %
	Shares Owned By Institutions	97.64 %
	Number Of Shares Shorted	3.84 M
	Price To Earning	12.79 X
	Price To Book	1.36 X
	Price To Sales	0.64 X
	Revenue	2.37 B
	Gross Profit	549 M
	EBITDA	148 M
	Net Income	82 M
	Cash And Equivalents	232 M
	Cash Per Share	2.09 X
	Total Debt	42 M
	Debt To Equity	0.03 %
	Current Ratio	2.38 X
	Book Value Per Share	10.76 X
	Cash Flow From Operations	298 M
	Short Ratio	2.63 X
	Earnings Per Share	0.75 X
	Target Price	17.0
	Number Of Employees	2.58 K
	Beta	1.08
	Market Capitalization	1.55 B
	Total Asset	1.62 B
	Retained Earnings	(747 M)
	Working Capital	586 M
	Current Asset	1.29 B
	Current Liabilities	307 M
	Net Asset	1.62 B

About Now Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Now Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Now using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Now Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Now Stock Analysis

When running Now's price analysis, check to measure Now's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Now is operating at the current time. Most of Now's value examination focuses on studying past and present price action to predict the probability of Now's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Now's price. Additionally, you may evaluate how the addition of Now to your portfolios can decrease your overall portfolio volatility.

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