NOW vs SMCI: Which Is the Better Buy?
Side-by-side comparison of ServiceNow, Inc. and Super Micro Computer, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-26.
ServiceNow, Inc. · Technology
$139.82
+16.2% upside to fair value
Med Conviction
Grade A-
High Quality
VS
Super Micro Computer, Inc. · Technology
$43.26
-4.2% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
NOW has more upside to fair value
(+16.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
NOW |
SMCI |
| Current Price |
$139.82 |
$43.26 |
| Fair Value Estimate |
$162.50 |
$41.44 |
| Upside to Fair Value |
+16.2%
|
-4.2%
|
| Market Cap |
$144.6B |
$28.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
43.1x
|
8.9x
|
| Price / Sales |
9.8x
|
0.7x
|
| Price / FCF |
31.5x
|
—
|
| Revenue Growth YoY |
+24.0%
|
+93.2%
|
| Gross Margin |
74.8%
|
10.8%
|
| Operating Margin |
11.4%
|
7.1%
|
| Return on Equity |
13.8%
|
25.1%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
3.17%
|
—
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
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…
Super Micro Computer designs and sells modular, open-standard server and storage systems, with a growing franchise in liquid- and air-cooled AI racks such as the NVIDIA Vera Rubin NVL72, sold through direct, distribution and OEM channels to data center, cloud, AI, 5G and edge customers. The business quality is mixed: revenue grew 93.2% year over year and earnings grew 503.7% in the most recent qu…
Accumulation Zones
| Metric |
NOW |
SMCI |
| Zone Low |
$121.88 |
$31.08 |
| Zone High |
$138.12 |
$35.22 |
| In Buy Zone? |
No
|
No
|