VEEVA SYSTEMS INC-CLASS A (VEEV) Fundamental Analysis & Valuation

NYSE:VEEV • US9224751084

195.49 USD
-0.57 (-0.29%)
At close: Mar 6, 2026
195 USD
-0.49 (-0.25%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This VEEV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Overall VEEV gets a fundamental rating of 7 out of 10. We evaluated VEEV against 35 industry peers in the Health Care Technology industry. Both the health and profitability get an excellent rating, making VEEV a very profitable company, without any liquidiy or solvency issues. VEEV is not valued too expensively and it also shows a decent growth rate. These ratings could make VEEV a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

8

1. VEEV Profitability Analysis

1.1 Basic Checks

  • In the past year VEEV was profitable.
  • In the past year VEEV had a positive cash flow from operations.
  • Of the past 5 years VEEV 4 years were profitable.
  • Of the past 5 years VEEV 4 years had a positive operating cash flow.
VEEV Yearly Net Income VS EBIT VS OCF VS FCFVEEV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • With an excellent Return On Assets value of 10.63%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • VEEV has a better Return On Equity (12.22%) than 97.14% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.39%, VEEV belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VEEV is above the industry average of 7.01%.
  • The 3 year average ROIC (9.16%) for VEEV is below the current ROIC(10.39%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.63%
ROE 12.22%
ROIC 10.39%
ROA(3y)9.59%
ROA(5y)10.49%
ROE(3y)12.23%
ROE(5y)13.63%
ROIC(3y)9.16%
ROIC(5y)11.04%
VEEV Yearly ROA, ROE, ROICVEEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 27.93%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VEEV has remained more or less at the same level.
  • The Operating Margin of VEEV (28.88%) is better than 97.14% of its industry peers.
  • VEEV's Operating Margin has been stable in the last couple of years.
  • VEEV's Gross Margin of 75.67% is fine compared to the rest of the industry. VEEV outperforms 80.00% of its industry peers.
  • In the last couple of years the Gross Margin of VEEV has remained more or less at the same level.
Industry RankSector Rank
OM 28.88%
PM (TTM) 27.93%
GM 75.67%
OM growth 3Y-2.45%
OM growth 5Y-0.44%
PM growth 3Y4.03%
PM growth 5Y-0.95%
GM growth 3Y0.79%
GM growth 5Y0.55%
VEEV Yearly Profit, Operating, Gross MarginsVEEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. VEEV Health Analysis

2.1 Basic Checks

  • VEEV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • VEEV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
VEEV Yearly Shares OutstandingVEEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
VEEV Yearly Total Debt VS Total AssetsVEEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • VEEV has an Altman-Z score of 20.67. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
  • VEEV's Altman-Z score of 20.67 is amongst the best of the industry. VEEV outperforms 97.14% of its industry peers.
  • There is no outstanding debt for VEEV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 20.67
ROIC/WACC1.08
WACC9.6%
VEEV Yearly LT Debt VS Equity VS FCFVEEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.3 Liquidity

  • VEEV has a Current Ratio of 7.53. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Current ratio value of 7.53, VEEV belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
  • VEEV has a Quick Ratio of 7.53. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of VEEV (7.53) is better than 91.43% of its industry peers.
Industry RankSector Rank
Current Ratio 7.53
Quick Ratio 7.53
VEEV Yearly Current Assets VS Current LiabilitesVEEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. VEEV Growth Analysis

3.1 Past

  • VEEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.94%, which is quite impressive.
  • Measured over the past years, VEEV shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.35% on average per year.
EPS 1Y (TTM)21.94%
EPS 3Y23.3%
EPS 5Y22.35%
EPS Q2Q%18.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15.96%

3.2 Future

  • VEEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.39% yearly.
  • Based on estimates for the next years, VEEV will show a quite strong growth in Revenue. The Revenue will grow by 13.80% on average per year.
EPS Next Y8.63%
EPS Next 2Y11.32%
EPS Next 3Y11.47%
EPS Next 5Y12.39%
Revenue Next Year12.28%
Revenue Next 2Y12.47%
Revenue Next 3Y13.16%
Revenue Next 5Y13.8%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
VEEV Yearly Revenue VS EstimatesVEEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
VEEV Yearly EPS VS EstimatesVEEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15

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4

4. VEEV Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.25, VEEV is valued on the expensive side.
  • VEEV's Price/Earnings ratio is a bit cheaper when compared to the industry. VEEV is cheaper than 74.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of VEEV to the average of the S&P500 Index (26.29), we can say VEEV is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 22.33, VEEV is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, VEEV is valued a bit cheaper than the industry average as 68.57% of the companies are valued more expensively.
  • VEEV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.25
Fwd PE 22.33
VEEV Price Earnings VS Forward Price EarningsVEEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VEEV.
  • Based on the Price/Free Cash Flow ratio, VEEV is valued a bit cheaper than 65.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.78
EV/EBITDA 22.19
VEEV Per share dataVEEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VEEV does not grow enough to justify the current Price/Earnings ratio.
  • VEEV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.81
PEG (5Y)1.09
EPS Next 2Y11.32%
EPS Next 3Y11.47%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. VEEV Dividend Analysis

5.1 Amount

  • VEEV does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VEEV Fundamentals: All Metrics, Ratios and Statistics

VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (3/6/2026, 8:04:00 PM)

After market: 195 -0.49 (-0.25%)

195.49

-0.57 (-0.29%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Technology
Earnings (Last)03-04
Earnings (Next)05-26
Inst Owners90.27%
Inst Owner Change-2.64%
Ins Owners8.43%
Ins Owner Change-0.05%
Market Cap32.13B
Revenue(TTM)N/A
Net Income(TTM)860.33M
Analysts80
Price Target309.41 (58.27%)
Short Float %4.21%
Short Ratio3.15
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.64%
Min EPS beat(2)2.55%
Max EPS beat(2)2.73%
EPS beat(4)4
Avg EPS beat(4)6.08%
Min EPS beat(4)2.55%
Max EPS beat(4)11.08%
EPS beat(8)8
Avg EPS beat(8)5.47%
EPS beat(12)12
Avg EPS beat(12)5.91%
EPS beat(16)15
Avg EPS beat(16)5%
Revenue beat(2)2
Avg Revenue beat(2)0.5%
Min Revenue beat(2)0.32%
Max Revenue beat(2)0.68%
Revenue beat(4)4
Avg Revenue beat(4)0.94%
Min Revenue beat(4)0.32%
Max Revenue beat(4)1.66%
Revenue beat(8)4
Avg Revenue beat(8)0.17%
Revenue beat(12)5
Avg Revenue beat(12)-0.16%
Revenue beat(16)5
Avg Revenue beat(16)-0.26%
PT rev (1m)-2.65%
PT rev (3m)-4.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.4%
EPS NY rev (1m)0%
EPS NY rev (3m)1.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.34%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE 24.25
Fwd PE 22.33
P/S 10.43
P/FCF 23.78
P/OCF 23.32
P/B 4.56
P/tB 4.89
EV/EBITDA 22.19
EPS(TTM)8.06
EY4.12%
EPS(NY)8.76
Fwd EY4.48%
FCF(TTM)8.22
FCFY4.2%
OCF(TTM)8.38
OCFY4.29%
SpS18.74
BVpS42.83
TBVpS39.96
PEG (NY)2.81
PEG (5Y)1.09
Graham Number88.13
Profitability
Industry RankSector Rank
ROA 10.63%
ROE 12.22%
ROCE 12.44%
ROIC 10.39%
ROICexc 144.3%
ROICexgc 1750.77%
OM 28.88%
PM (TTM) 27.93%
GM 75.67%
FCFM 43.86%
ROA(3y)9.59%
ROA(5y)10.49%
ROE(3y)12.23%
ROE(5y)13.63%
ROIC(3y)9.16%
ROIC(5y)11.04%
ROICexc(3y)59.89%
ROICexc(5y)59.49%
ROICexgc(3y)196.73%
ROICexgc(5y)318.62%
ROCE(3y)10.96%
ROCE(5y)13.22%
ROICexgc growth 3Y-36.21%
ROICexgc growth 5Y-13.57%
ROICexc growth 3Y1.45%
ROICexc growth 5Y14.29%
OM growth 3Y-2.45%
OM growth 5Y-0.44%
PM growth 3Y4.03%
PM growth 5Y-0.95%
GM growth 3Y0.79%
GM growth 5Y0.55%
F-Score7
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 67.76%
Cap/Sales 0.87%
Interest Coverage 250
Cash Conversion 148.3%
Profit Quality 157.04%
Current Ratio 7.53
Quick Ratio 7.53
Altman-Z 20.67
F-Score7
WACC9.6%
ROIC/WACC1.08
Cap/Depr(3y)59.59%
Cap/Depr(5y)52.02%
Cap/Sales(3y)0.83%
Cap/Sales(5y)0.77%
Profit Quality(3y)158.47%
Profit Quality(5y)158.74%
High Growth Momentum
Growth
EPS 1Y (TTM)21.94%
EPS 3Y23.3%
EPS 5Y22.35%
EPS Q2Q%18.39%
EPS Next Y8.63%
EPS Next 2Y11.32%
EPS Next 3Y11.47%
EPS Next 5Y12.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%15.96%
Revenue Next Year12.28%
Revenue Next 2Y12.47%
Revenue Next 3Y13.16%
Revenue Next 5Y13.8%
EBIT growth 1Y38.28%
EBIT growth 3Y11.27%
EBIT growth 5Y19.47%
EBIT Next Year28.6%
EBIT Next 3Y19.34%
EBIT Next 5Y18.86%
FCF growth 1Y51.03%
FCF growth 3Y12.54%
FCF growth 5Y19.82%
OCF growth 1Y50.27%
OCF growth 3Y12.55%
OCF growth 5Y20.04%

VEEVA SYSTEMS INC-CLASS A / VEEV FAQ

What is the fundamental rating for VEEV stock?

ChartMill assigns a fundamental rating of 7 / 10 to VEEV.


What is the valuation status for VEEV stock?

ChartMill assigns a valuation rating of 4 / 10 to VEEVA SYSTEMS INC-CLASS A (VEEV). This can be considered as Fairly Valued.


How profitable is VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

VEEVA SYSTEMS INC-CLASS A (VEEV) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for VEEV stock?

The Price/Earnings (PE) ratio for VEEVA SYSTEMS INC-CLASS A (VEEV) is 24.25 and the Price/Book (PB) ratio is 4.56.


What is the financial health of VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

The financial health rating of VEEVA SYSTEMS INC-CLASS A (VEEV) is 9 / 10.