NOW
the council passes — AVOIDServiceNow, Inc.·Technology
The quality and the price don't line up.
63/100C
Price at last run$106as of Jul 8, 2026
recovery techHigh returns on capitalROIC ~16% — it earns well on the money it puts to work.
Strong gross margins78% gross margin.
Generates real cash4.1% free-cash-flow yield — profits you can actually bank.
GrowingRevenue growing ~21%.
Catalystnone yet
✕Why not
The honest case against — what most tools hideMain riskvaluation stretched
Demanding valuationTrading at ~64× earnings — little room for error.
Falling knifeDown 90% from its 1-year high — momentum is against it.
What keeps us out
- Paying up here — we'd want a better entry price.
- Growth slowing while the multiple stays rich.
Patience price & distance
as of Jul 8, 2026 runThe patience price is where value discipline would let the council in — deliberately strict: we'd rather miss ten winners than own one loser.
Catalyst
none yet
A catalyst is a plausible reason the gap could close — never a certainty.