NOW EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
NOW's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
NOW EV/EBITDA by year
Yearly range of NOW’s ev/ebitda from 2018 to 2026. Over the full period it ranged from 26.7 to 1,529.6, averaging 189.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 26.7 | 38.3 | 55.8 | 38.6 |
| 2025 | 53.0 | 75.6 | 106.3 | 53.0 |
| 2024 | 76.3 | 94.1 | 111.4 | 96.3 |
| 2023 | 83.6 | 108.3 | 130.7 | 111.1 |
| 2022 | 112.6 | 149.7 | 188.7 | 127.7 |
| 2021 | 147.3 | 190.1 | 221.2 | 194.3 |
| 2020 | 116.1 | 176.2 | 210.2 | 204.9 |
| 2019 | 157.2 | 252.8 | 328.7 | 159.8 |
| 2018 | 222.9 | 592.1 | 1,529.6 | 222.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is NOW EV/EBITDA High or Low Right Now?
ServiceNow, Inc.'s EV/EBITDA is currently 38.6, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for NOW is approximately 145.9. See all NOW valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.