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Looking up the ticker with the regulator···
0s · usually 20–30 seconds for a cold read
ServiceNow, Inc.
Rule-based classification of fundamentals against the sector. Not a price forecast and not investment advice.
Signals scattered
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2 of 5 met · composite in line with peers
Business quality, valuation against the sector, and position in the 52-week range — whether they line up or not.
Mixed signals
Profitability
3/4
Debt & liquidity
1/3
Efficiency
0/2
Revenue grew 20.9% year over year, outpacing the sector median of 11.8% by +77%, and FCF yield of 3.1% runs +61% above the sector median — those two numbers carry most of the bull case. Against them sits a P/E of 89.3×, which exceeds the sector median of 42.3× by +111%, while operating margin of 13.7% trails the sector median of 29.2% by -53%: the market is paying a premium for growth that has not yet translated into proportionate profit. The F-Score of 4/9 reflects that mixed picture — efficiency sub-scores came in at zero. Consensus has historically been beaten in most recent quarters, yet the realized three-year EPS CAGR per SEC filings trails what analysts currently model, a gap the literature flags as a systematic optimism bias. The composite of 39/100 against the sector median sits well below the midpoint.
| Ticker | Name | F-Score | ROE | Revenue YoY | Op. margin |
|---|---|---|---|---|---|
| AAPL | Apple | 8/9 | 171% | +6% |
Quarter-by-quarter classification · a retrospective read by the current logic · not a price forecast
Rule-based classification of fundamentals against the sector. Not a price forecast and not investment advice. The method did not see these quarters in real time; this is the current logic applied to past reports.
The market prices in earnings growth; analyst sentiment is steady; has mostly beaten consensus.
Price against next year's expected earnings. The forward P/E already carries analyst optimism — read it alongside the “Versus consensus” line.
A forward P/E below the current one means the market expects earnings to grow; above it, to fall. The historical growth is realized figures from SEC filings, not a forecast.
The three-month change in the share of positive analyst ratings. This is sentiment, not an earnings-estimate revision, and not a call to act.
When Q3 results land on October 27, track revenue growth year over year against the current 11.8% sector median — NOW's 77% premium to that figure is the core valuation argument. Also check whether the operating margin is closing toward the sector median of 29.2%, since at 53% below it, margin expansion is the clearest missing piece in the profitability picture.
Pull the most recent 10-K from SEC EDGAR and focus on management's discussion of operating cost structure — the F-Score's 0/2 on efficiency flags a concrete gap worth understanding. Look for any disclosed commitments or headcount plans that explain why margins remain well below the sector median despite FCF yield running 61% above it.
From the same-sector table in section 06, pick two or three companies yourself and line up one metric — P/E, operating margin, or FCF yield — against NOW's figures (P/E of 42.3×, operating margin 53% below the sector median). The table is alphabetical with no ranking, so the comparison is yours to construct without any implied ordering.
Steps you can check yourself, based on the figures in this brief.
Piotroski F-Score: nine binary tests of financial strength from the annual report. A ✓ marks a test passed, a dot (·) a test failed.
Over 4 years: +21%+24%+26%+34%
Over 4 years: 1.891.120.770.58
Over 4 years: +23%+24%+22%+21%
The context on the right shows how each figure compares with the sector median. The trend below tracks the change over recent fiscal years.
Beat consensus in 5 of 8 recent quarters — a mixed record.
Last quarter's EPS against consensus, plus the estimated date of the next report.
| 32% |
| ACN | Accenture | 4/9 | 26% | +7% | 15% |
| ADBE | Adobe | 7/9 | 55% | +11% | 37% |
| AMAT | Applied Materials | 6/9 | 36% | +4% | 29% |
| AMD | Advanced Micro Devices | 7/9 | 7% | +34% | 11% |
| AVGO | Broadcom | 7/9 | 43% | +24% | 40% |
| CRM | Salesforce | 7/9 | 12% | +10% | 20% |
| CSCO | Cisco | 8/9 | 22% | +5% | 21% |
| IBM | IBM | 6/9 | 35% | +8% | — |
| INTC | Intel | 6/9 | -0% | -0% | -4% |
| INTU | Intuit | 8/9 | 20% | +16% | 26% |
| MSFT | Microsoft | 6/9 | 34% | +18% | 47% |
| NOW | ServiceNow, Inc. | 4/9 | 15% | +21% | 14% |
| NVDA | NVIDIA | 3/9 | 101% | +65% | 60% |
| ORCL | Oracle | 5/9 | 54% | +17% | 31% |
| TXN | Texas Instruments | 7/9 | 30% | +13% | 34% |
A sample of 16 companies in the sector including the target, alphabetical, unranked. Data from the latest SEC annual reports.
Rule-based classification of fundamentals against the sector. Not a price forecast and not investment advice.
A simplified retrospective read: no analyst forecast (not available historically); the source is the annual report as of the date, so neighbouring quarters can rest on the same data. Quarters with the same classification in a row are merged into one row — each row is one change in the read, not a separate quarter. One ticker is an illustration of the classification logic, not statistics. How we calculate →
The last few quarters are recent context, not a fixed rate. Consensus for near quarters is set low, so companies clear it routinely; over long horizons the forecasts run the other way, too high.
A description of what the market and analysts expect. Not a price forecast and not investment advice. Analyst forecasts run systematically optimistic over long horizons — read them with that discount.