Home Compare NOW vs WDAY
Stock Comparison · Industry comparison · Software - Application

ServiceNow vs Workday: Which Stock Looks Stronger in 2026?

Workday holds the cleaner structural position, with the lead spread across valuation and growth. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-07-05

This is not just a one-metric split: both valuation and growth materially support the lead. Workday, Inc. leads by 9 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Software - Application

This comparison is based on industry proximity, not on functional trajectory similarity. NOW and WDAY share the same industry classification.

For a similarity-based comparison, see how ServiceNow and Workday each position within their functional peer groups in AssetNext.

Peer-Relative Score
NOW
ServiceNow, Inc.
49
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
WDAY
Workday, Inc.
58
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing and operating quality both support the lead here.

Dimension spread: NOW vs WDAY Profitability 65 62 Stability 46 54 Valuation 36 54 Growth 47 59 NOW WDAY
Gap Ranking
#1 Valuation +18
#2 Growth +12
#3 Stability +8
#4 Profitability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NOW and WDAY Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NOWWDAY Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward Workday, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NOW and WDAY each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NOW Lower · below norm 0th 50th 100th 23 pct gap WDAY Lower · near norm 0th 50th 100th 30th 6th
Today WDAY sits in the lower portion of its own 5-year history (6th percentile), while NOW sits higher in its own history (30th). Within each stock's own 5-year context, WDAY is at a historically more favourable entry position than NOW. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Workday, Inc. sits in the stronger part of the group on valuation, while ServiceNow, Inc. is closer to mid-pack.
Growth
Both look solid on growth, though Workday, Inc. still holds the stronger peer position.
Valuation — Dominant Gap
NOW
36
WDAY
54
Gap+18in favour of WDAY

The multiple-based pricing edge comes from a forward P/E that is 10.4 turns lower.

What else supports the lead

Earnings growth is one contributing factor within the growth lead.

What this means for the comparison

The lead is built on both valuation and growth, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the NOW vs WDAY comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-growth comparisons

Explore how NOW and WDAY each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.