Valuation
26% of the score
0median 53
ServiceNow is valued at 99.4x its operating profit, including debt: past the 60 times where this criterion gives nothing.
60x
50x
35x
25x
18x
12x
8x
99.4x
Full points at 8x or less, none from 60xfull points
NOWServiceNow
$158.70-11% 1Y
$158.70
$83.0052 weeks$189.26
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 53 out of 100, Average
Today's price. Only valuation depends on it.
Average. ServiceNow scores higher than 48% of the 2,231 companies Ryufin scores.
Carried by return on new capital and return on capital, held back by valuation and cycle position.
Technology median 46 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time18
36
43
54
53
2020202120222025today
The biggest move was up 18 points from 2020 to 2021, mostly return on new capital.
Return on capital
18% of the score
82median 24
Over 7 years the business earned 16% a year after tax on the capital it uses.
2%
8%
15%
25%
16%
None at 2% or less, full points from 25%full points
7 years agolatest 18%
Return on new capital
16% of the score
100median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 28 cents. New capital earned 19%, and 145% of profit went back into the business.
-5%
12%
28%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
66median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 0.7% a year over 5 years: new shares
545%
-3%
0.7%
0 pointsfull points
Assets against salesAssets grew 24% a year, sales 24%
8312%
-2%
0.4%
0 pointsfull points
Cycle position
12% of the score
0median 63
Today's operating margin of 11% is 2.06x its normal 5.5%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
2.1x
A trough earns points, a peak costs themfull points
10 years agonow 11%
Balance sheet
8% of the score
92median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA1.2x a year of EBITDA
834.5x
0.5x
1.2x
0 pointsfull points
Interest coverOperating profit covers interest 62x
1001.5x
12x
62.2x
0 pointsfull points
Earnings quality
6% of the score
99median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 2.67x profit over 3 years
1000.7x
1x
1.3x
2.7x
0 pointsfull points
AccrualsCash ran ahead of profit by 15.9% of assets
1008%
0%
-8%
-16%
0 pointsfull points
Beneish M-score-2.93
96-1.50
-1.78
-2.22
-3.00
-2.93
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
Software, Application
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