NOW

Stock

ServiceNow, Inc.

One email when a drop — in price or in valuation — is historically rare for NOW. Otherwise we stay quiet.

Very rare

This is the kind of decline worth waking up for.

ServiceNow, Inc. is 45.1% off its high — among the deepest declines in its recorded history.

And it's not just the price: ServiceNow, Inc.'s P/S Severity Score is 8.6 — historically low valuation vs its own history.

Price $128.48 · as of Aug 21, 2026All-time high $234.08Drawdown -45.1%Severity Score™ 8.5Is the broader market down too?
🔴

Very Large

Current Drawdown

-45.1%

Days in Drawdown

557

Avg Max Drawdown

5.9%

Avg Length

60

Drawdown Severity Score™

8.5

NOW - Price & High Water Mark

NOW - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of August 21, 2026 · updated daily

Where today's valuation sits within NOW's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

9.0xSeverity Score 8.6 · Very low vs its own history
Low: 6.3xMedian: 16.0xHigh: 28.2x

ServiceNow, Inc. has been cheaper on this measure only about 4% of the time in 14 years of daily history.

67.9% below its highest Price to Sales reading · high date February 5, 2021

Price to Sales history

EV to EBITDA

50.6xSeverity Score 6.9 · Historically low
Low: 32.4xMedian: 159.3xHigh: 2487.3x

ServiceNow, Inc. has been cheaper on this measure only about 6% of the time in 9 years of daily history.

98.0% below its highest EV to EBITDA reading · high date May 7, 2018

EV to EBITDA history · log scale

How we measure valuation

ServiceNow, Inc. (NOW) Analysis: Current Drawdown Insights

ServiceNow, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $128.48, which represents a 45.1% decline from its all-time high of $234.08. This drawdown has persisted for 557 days.

Based on its full tracked price history, ServiceNow, Inc. typically experiences drawdowns averaging 5.9% in depth, with an average duration of 60 days. ServiceNow, Inc. has gone through 114 total drawdown events in its tracked history. The largest drawdown on record for ServiceNow, Inc. was 83.7%, beginning in 2006. The longest drawdown duration on record was 3349 days.

The Drawdown Severity Score™ for ServiceNow, Inc. currently stands at 8.46. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 8.0 and 12.0 indicates an extremely rare, severe drawdown: the asset almost never experiences declines of this magnitude in its tracked history.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing ServiceNow, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 114 tracked pullbacks (62 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2025-02-10Ongoing557 days-45.1%$234.08$128.48n/a
2024-12-132025-01-2847 days-11.6%$229.68$203.15$234.08
2024-12-092024-12-102 days-0.3%$224.87$224.10$225.57
2024-11-272024-12-048 days-2.7%$214.01$208.28$224.63
2024-11-252024-11-262 days-0.7%$212.12$210.54$214.01
2024-11-132024-11-2210 days-4.1%$209.66$201.07$212.12
2024-11-082024-11-114 days-0.7%$203.06$201.62$207.20
2024-10-252024-11-0512 days-2.5%$191.32$186.60$194.21
2024-10-152024-10-2410 days-3.9%$188.94$181.54$191.32
2024-10-112024-10-144 days-0.6%$188.93$187.72$188.94
2024-09-232024-10-0917 days-7.5%$187.47$173.44$187.73
2024-09-172024-09-193 days-0.7%$178.49$177.17$183.85
2024-09-132024-09-164 days-0.8%$177.23$175.79$178.49
2024-09-032024-09-097 days-3.5%$171.00$165.01$171.12
2024-08-222024-08-309 days-3.0%$167.84$162.82$171.00
2024-08-162024-08-194 days-0.5%$166.42$165.51$166.58
2024-07-262024-08-1521 days-6.3%$165.76$155.26$166.42
2024-02-122024-07-25164 days-20.9%$162.59$128.66$165.76
2024-01-302024-02-079 days-2.8%$157.45$153.08$158.08
2024-01-162024-01-183 days-0.2%$145.84$145.51$149.19
2023-12-132024-01-1130 days-6.2%$143.30$134.37$145.29
2021-11-052023-12-11767 days-51.3%$140.35$68.35$141.02
2021-11-012021-11-044 days-2.3%$139.55$136.40$140.35
2021-10-262021-10-294 days-3.5%$137.77$132.95$139.55
2021-09-072021-10-1943 days-9.7%$135.73$122.50$136.05
2021-08-252021-08-262 days-0.1%$124.37$124.21$124.81
2021-08-062021-08-2015 days-4.2%$119.10$114.04$120.10
2021-02-122021-08-05174 days-23.6%$118.89$90.88$119.10
2021-02-082021-02-114 days-1.3%$117.95$116.36$118.89
2021-02-032021-02-042 days-1.2%$116.70$115.33$117.80
2020-12-212021-02-0244 days-10.3%$113.09$101.45$116.70
2020-12-092020-12-168 days-2.7%$108.45$105.48$109.00
2020-12-022020-12-087 days-2.7%$107.92$105.05$108.45
2020-11-092020-12-0123 days-10.1%$107.04$96.26$107.92
2020-10-192020-11-0518 days-9.3%$104.97$95.20$106.22
2020-10-142020-10-152 days-0.3%$103.66$103.38$104.14
2020-10-062020-10-094 days-2.0%$100.36$98.31$101.72
2020-09-032020-10-0533 days-11.3%$99.94$88.63$100.36
2020-08-312020-09-012 days-1.2%$97.57$96.40$99.44
2020-08-272020-08-282 days-1.5%$97.54$96.11$97.57
2020-08-212020-08-255 days-1.2%$90.67$89.62$91.59
2020-07-212020-08-2031 days-6.2%$89.85$84.27$90.67
2020-07-102020-07-2011 days-5.7%$85.27$80.37$89.85
2020-07-022020-07-087 days-1.2%$83.36$82.35$85.04
2020-06-232020-06-308 days-2.5%$80.56$78.59$81.01
2020-06-112020-06-2212 days-6.6%$80.33$75.01$80.56
2020-06-032020-06-108 days-4.1%$78.58$75.39$80.33
2020-05-212020-06-0213 days-4.9%$78.03$74.23$78.58
2020-05-122020-05-209 days-5.8%$76.73$72.26$78.03
2020-05-082020-05-114 days-1.2%$76.37$75.45$76.73
2020-05-062020-05-072 days-1.4%$74.13$73.08$76.37
2020-02-202020-05-0575 days-30.2%$71.54$49.91$74.13
2019-07-122020-01-13186 days-27.2%$60.46$44.00$60.77
2019-05-172019-06-1833 days-10.6%$55.59$49.68$56.53
2018-09-142019-01-31140 days-23.4%$40.92$31.36$44.00
2018-07-132018-08-2948 days-9.6%$38.93$35.19$40.05
2018-06-072018-07-1135 days-9.9%$37.28$33.59$37.44
2018-03-152018-05-0754 days-9.9%$35.07$31.60$35.20
2017-11-272017-12-1519 days-11.4%$25.66$22.72$25.90
2017-02-162017-04-2770 days-10.7%$18.79$16.79$18.87
2015-12-072017-01-27418 days-47.6%$18.00$9.43$18.02
2006-09-062015-11-063349 days-83.7%$16.82$2.75$17.05
2005-10-252006-09-01312 days-14.5%$16.60$14.20$16.62

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

ServiceNow, Inc. (NOW) is trading at $128.48 as of Aug 21, 2026. It is 45.1% below its high of $234.08. The drawdown has lasted 557 days. Severity score: 8.5 (Very Large).

NOW Price History and Drawdown Data

Latest price

$128.48

High-water mark

$234.08

Current drawdown

-45.1%

Days in drawdown

557

This NOW page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior ServiceNow, Inc. drawdowns.

What History Says About NOW

ServiceNow, Inc. has dropped 15%+ from its high 8 times in its tracked history. These events lasted an average of 659 days with an average max drop of -38.5%.

The current drawdown of -45.1% has lasted 557 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Sep 2006 to Nov 2015-83.7%3349 days
Nov 2021 to Dec 2023-51.3%767 days
Dec 2015 to Jan 2017-47.6%418 days
Feb 2020 to May 2020-30.2%75 days
Jul 2019 to Jan 2020-27.2%186 days
Feb 2021 to Aug 2021-23.6%174 days

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