NOW is Overvalued at 28.92X P/E: Buy, Sell or Hold the Stock?

ServiceNow NOW shares are trading at a premium, as suggested by a Value Score of F. In terms of the forward 12-month price/earnings (P/E), NOW is trading at 28.92X, higher than the broader Zacks Computer and Technology sector's 21.39X. ServiceNow is trading at a higher multiple compared with peers, including Oracle's ORCL 15.78X, Microsoft's MSFT 25.70X and Salesforce's CRM 13.91X. NOW Stock's ValuationZacks Investment Research Image Source: Zacks Investment Research Technically, ServiceNow is trading above the 50 and 200-day moving averages (SMAs), indicating a bullish trend. NOW Stock Trades Above 50 & 200-Day SMAsZacks Investment Research Image Source: Zacks Investment Research Is ServiceNow worth buying at current prices?