AMZN vs NOW: Which Is the Better Buy?
Side-by-side comparison of Amazon.com, Inc. and ServiceNow, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-18.
Amazon.com, Inc. · Consumer Cyclical
$251.19
+18.5% upside to fair value
Med Conviction
Grade B
High Quality
VS
ServiceNow, Inc. · Technology
$139.82
+16.2% upside to fair value
Med Conviction
Grade A-
High Quality
QuantHub Verdict
AMZN has more upside to fair value
(+18.5%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
AMZN |
NOW |
| Current Price |
$251.19 |
$139.82 |
| Fair Value Estimate |
$297.67 |
$162.50 |
| Upside to Fair Value |
+18.5%
|
+16.2%
|
| Market Cap |
$2,702.1B |
$144.6B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
11.2x
|
43.1x
|
| Price / Sales |
3.5x
|
9.8x
|
| Price / FCF |
—
|
31.5x
|
| Revenue Growth YoY |
+19.6%
|
+24.0%
|
| Gross Margin |
50.8%
|
74.8%
|
| Operating Margin |
12.1%
|
11.4%
|
| Return on Equity |
30.5%
|
13.8%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
—
|
3.17%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Amazon.com operates a vast global retail enterprise spanning online and physical stores, third-party seller services, advertising, subscription offerings, and Amazon Web Services, the world's largest cloud infrastructure provider. The business quality is high: trailing-twelve-month gross margin of 50.8%, operating margin of 12.1%, and net margin of 17.4% reflect a durable mix shift toward high-ma…
ServiceNow provides a cloud-based enterprise workflow platform spanning IT service management, operations, employee workflows, CRM, AI orchestration and security. Business quality is high because its common data model, deeply embedded workflows and cross-department deployments create meaningful switching costs, while roughly 90% of the Fortune 500 use the platform and more than 85 billion workflo…
Accumulation Zones
| Metric |
AMZN |
NOW |
| Zone Low |
$223.25 |
$121.88 |
| Zone High |
$253.02 |
$138.12 |
| In Buy Zone? |
Yes
|
No
|