Servicenow Stock Z Score

NOW Stock

USD 1,046 2.74 0.26%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out ServiceNow Piotroski F Score and ServiceNow Valuation analysis.

For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.

At this time, ServiceNow's Capital Surpluse is fairly stable compared to the past year. Net Invested Capital is likely to climb to about 9.6 B in 2024, despite the fact that Change In Working Capital is likely to grow to (96 M). At this time, ServiceNow's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 6.6 B in 2024, despite the fact that Income Tax Expense is likely to grow to (686.9 M).

ServiceNow Company Z Score Analysis

ServiceNow's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ServiceNow Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ServiceNow is extremely important. It helps to project a fair market value of ServiceNow Stock properly, considering its historical fundamentals such as Z Score. Since ServiceNow'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 ServiceNow'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 ServiceNow's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt	Good Will	Capital Surpluse	Deferred Long Term Liab	Intangible Assets	Long Term Debt Total	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	1.0	0.67	0.79	0.78	1.0	0.98	0.99	1.0	0.27	0.21	0.99	0.99	0.81	0.97	0.99	0.98	0.81	0.82	0.99	-0.8	0.85	0.79	0.44	-0.88
Total Stockholder Equity	0.99		0.98	0.58	0.87	0.76	0.98	0.97	0.97	0.97	0.18	0.15	0.98	0.99	0.73	0.98	0.97	0.97	0.73	0.76	1.0	-0.76	0.79	0.84	0.4	-0.88
Current Deferred Revenue	1.0	0.98		0.69	0.76	0.79	1.0	0.98	1.0	1.0	0.3	0.23	0.99	0.99	0.82	0.97	1.0	0.99	0.83	0.83	0.98	-0.82	0.86	0.76	0.43	-0.88
Net Debt	0.67	0.58	0.69		0.19	0.75	0.7	0.71	0.73	0.73	0.54	0.29	0.65	0.66	0.87	0.57	0.71	0.67	0.86	0.79	0.57	-0.59	0.8	0.19	0.46	-0.58
Retained Earnings	0.79	0.87	0.76	0.19		0.52	0.76	0.75	0.73	0.74	-0.17	0.01	0.81	0.82	0.38	0.85	0.73	0.77	0.38	0.5	0.87	-0.51	0.53	0.87	0.27	-0.76
Accounts Payable	0.78	0.76	0.79	0.75	0.52		0.81	0.85	0.79	0.8	0.23	0.11	0.83	0.81	0.67	0.77	0.81	0.8	0.73	0.67	0.74	-0.6	0.66	0.34	0.46	-0.82
Net Receivables	1.0	0.98	1.0	0.7	0.76	0.81		0.98	1.0	1.0	0.29	0.24	0.99	0.99	0.82	0.97	1.0	0.99	0.84	0.83	0.98	-0.82	0.86	0.74	0.42	-0.88
Short Term Investments	0.98	0.97	0.98	0.71	0.75	0.85	0.98		0.98	0.99	0.36	0.12	0.98	0.97	0.79	0.95	0.99	0.96	0.78	0.79	0.96	-0.75	0.81	0.74	0.49	-0.87
Total Liab	0.99	0.97	1.0	0.73	0.73	0.79	1.0	0.98		1.0	0.33	0.26	0.98	0.98	0.86	0.95	0.99	0.98	0.86	0.86	0.97	-0.81	0.89	0.73	0.46	-0.87
Total Current Assets	1.0	0.97	1.0	0.73	0.74	0.8	1.0	0.99	1.0		0.34	0.22	0.98	0.98	0.84	0.96	1.0	0.98	0.84	0.84	0.97	-0.8	0.87	0.74	0.48	-0.87
Short Term Debt	0.27	0.18	0.3	0.54	-0.17	0.23	0.29	0.36	0.33	0.34		0.22	0.25	0.16	0.39	0.25	0.33	0.22	0.42	0.3	0.17	-0.09	0.33	0.03	0.12	-0.23
Common Stock	0.21	0.15	0.23	0.29	0.01	0.11	0.24	0.12	0.26	0.22	0.22		0.26	0.17	0.37	0.27	0.2	0.27	0.56	0.37	0.15	-0.28	0.45	-0.15	-0.15	-0.44
Property Plant Equipment	0.99	0.98	0.99	0.65	0.81	0.83	0.99	0.98	0.98	0.98	0.25	0.26		0.98	0.77	0.99	0.98	0.98	0.81	0.8	0.98	-0.76	0.83	0.73	0.41	-0.94
Net Tangible Assets	0.99	0.99	0.99	0.66	0.82	0.81	0.99	0.97	0.98	0.98	0.16	0.17	0.98		0.79	0.95	0.98	0.99	0.79	0.82	0.99	-0.82	0.85	0.77	0.47	-0.87
Long Term Debt	0.81	0.73	0.82	0.87	0.38	0.67	0.82	0.79	0.86	0.84	0.39	0.37	0.77	0.79		0.7	0.83	0.81	0.92	0.96	0.74	-0.77	0.94	0.43	0.59	-0.65
Good Will	0.97	0.98	0.97	0.57	0.85	0.77	0.97	0.95	0.95	0.96	0.25	0.27	0.99	0.95	0.7		0.96	0.95	0.75	0.74	0.97	-0.7	0.78	0.78	0.34	-0.94
Capital Surpluse	0.99	0.97	1.0	0.71	0.73	0.81	1.0	0.99	0.99	1.0	0.33	0.2	0.98	0.98	0.83	0.96		0.98	0.84	0.82	0.97	-0.81	0.84	0.74	0.43	-0.86
Deferred Long Term Liab	0.98	0.97	0.99	0.67	0.77	0.8	0.99	0.96	0.98	0.98	0.22	0.27	0.98	0.99	0.81	0.95	0.98		0.84	0.84	0.97	-0.87	0.87	0.72	0.44	-0.88
Intangible Assets	0.81	0.73	0.83	0.86	0.38	0.73	0.84	0.78	0.86	0.84	0.42	0.56	0.81	0.79	0.92	0.75	0.84	0.84		0.9	0.73	-0.8	0.91	0.35	0.32	-0.76
Long Term Debt Total	0.82	0.76	0.83	0.79	0.5	0.67	0.83	0.79	0.86	0.84	0.3	0.37	0.8	0.82	0.96	0.74	0.82	0.84	0.9		0.78	-0.77	0.98	0.49	0.63	-0.7
Long Term Investments	0.99	1.0	0.98	0.57	0.87	0.74	0.98	0.96	0.97	0.97	0.17	0.15	0.98	0.99	0.74	0.97	0.97	0.97	0.73	0.78		-0.77	0.81	0.85	0.43	-0.86
Short Long Term Debt	-0.8	-0.76	-0.82	-0.59	-0.51	-0.6	-0.82	-0.75	-0.81	-0.8	-0.09	-0.28	-0.76	-0.82	-0.77	-0.7	-0.81	-0.87	-0.8	-0.77	-0.77		-0.79	-0.52	-0.35	0.62
Cash And Equivalents	0.85	0.79	0.86	0.8	0.53	0.66	0.86	0.81	0.89	0.87	0.33	0.45	0.83	0.85	0.94	0.78	0.84	0.87	0.91	0.98	0.81	-0.79		0.52	0.57	-0.74
Net Invested Capital	0.79	0.84	0.76	0.19	0.87	0.34	0.74	0.74	0.73	0.74	0.03	-0.15	0.73	0.77	0.43	0.78	0.74	0.72	0.35	0.49	0.85	-0.52	0.52		0.29	-0.55
Net Working Capital	0.44	0.4	0.43	0.46	0.27	0.46	0.42	0.49	0.46	0.48	0.12	-0.15	0.41	0.47	0.59	0.34	0.43	0.44	0.32	0.63	0.43	-0.35	0.57	0.29		-0.28
Capital Stock	-0.88	-0.88	-0.88	-0.58	-0.76	-0.82	-0.88	-0.87	-0.87	-0.87	-0.23	-0.44	-0.94	-0.87	-0.65	-0.94	-0.86	-0.88	-0.76	-0.7	-0.86	0.62	-0.74	-0.55	-0.28

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict ServiceNow

Based on the company's disclosures, ServiceNow has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and about the same as Information Technology (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

ServiceNow 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, ServiceNow's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ServiceNow's managers, analysts, and investors.

Environmental

Governance

Social

ServiceNow Institutional Holders

Institutional Holdings refers to the ownership stake in ServiceNow that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ServiceNow'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 ServiceNow's value.

		Shares
Edgewood Management Llc	2024-06-30	2.6 M
Wellington Management Company Llp	2024-06-30	2.6 M
Polen Capital	2024-06-30	2.5 M
Ubs Asset Mgmt Americas Inc	2024-06-30	2.5 M
Norges Bank	2024-06-30	2.3 M
Jennison Associates Llc	2024-06-30	2.1 M
Capital Research Global Investors	2024-06-30	2.1 M
Northern Trust Corp	2024-06-30	2 M
Nuveen Asset Management, Llc	2024-06-30	1.9 M
Vanguard Group Inc	2024-06-30	18.8 M
Blackrock Inc	2024-06-30	17.1 M

ServiceNow Fundamentals

	Return On Equity	0.16
	Return On Asset	0.047
	Profit Margin	0.13 %
	Operating Margin	0.15 %
	Current Valuation	212.66 B
	Shares Outstanding	206.32 M
	Shares Owned By Insiders	0.18 %
	Shares Owned By Institutions	91.11 %
	Number Of Shares Shorted	3.39 M
	Price To Earning	415.52 X
	Price To Book	23.22 X
	Price To Sales	20.67 X
	Revenue	8.97 B
	Gross Profit	5.67 B
	EBITDA	1.29 B
	Net Income	1.73 B
	Cash And Equivalents	1.47 B
	Cash Per Share	19.55 X
	Total Debt	2.28 B
	Debt To Equity	0.47 %
	Current Ratio	1.24 X
	Book Value Per Share	45.03 X
	Cash Flow From Operations	3.4 B
	Short Ratio	2.70 X
	Earnings Per Share	6.38 X
	Price To Earnings To Growth	2.83 X
	Target Price	997.44
	Number Of Employees	22.67 K
	Beta	0.99
	Market Capitalization	216.28 B
	Total Asset	17.39 B
	Retained Earnings	2.07 B
	Working Capital	412 M
	Current Asset	1.09 B
	Current Liabilities	731.64 M
	Net Asset	17.39 B

About ServiceNow Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ServiceNow's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ServiceNow using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ServiceNow 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 ServiceNow Stock Analysis

When running ServiceNow's price analysis, check to measure ServiceNow'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 ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.

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Servicenow Stock Z Score

ServiceNow Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ServiceNow Z Score Driver Correlations

ServiceNow ESG Sustainability

ServiceNow Institutional Holders

ServiceNow Fundamentals

About ServiceNow Fundamental Analysis

Also Currently Popular

Additional Tools for ServiceNow Stock Analysis

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