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

NYSE:VEEV • US9224751084

185.54 USD
-10.03 (-5.13%)
Last: Mar 10, 2026, 10:21 AM
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This VEEV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to VEEV. VEEV was compared to 35 industry peers in the Health Care Technology industry. VEEV scores excellent points on both the profitability and health parts. This is a solid base for a good stock. VEEV is not priced too expensively while it is growing strongly. Keep and eye on this one! This makes VEEV very considerable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. VEEV Profitability Analysis

1.1 Basic Checks

  • VEEV had positive earnings in the past year.
  • In the past year VEEV had a positive cash flow from operations.
  • Each year in the past 5 years VEEV has been profitable.
  • Each year in the past 5 years VEEV 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 2026 500M 1B

1.2 Ratios

  • VEEV's Return On Assets of 10.12% is amongst the best of the industry. VEEV outperforms 97.14% of its industry peers.
  • VEEV has a better Return On Equity (12.60%) than 97.14% of its industry peers.
  • VEEV has a better Return On Invested Capital (9.92%) than 91.43% of its industry peers.
  • VEEV had an Average Return On Invested Capital over the past 3 years of 8.63%. This is in line with the industry average of 7.13%.
  • The last Return On Invested Capital (9.92%) for VEEV is above the 3 year average (8.63%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.12%
ROE 12.6%
ROIC 9.92%
ROA(3y)9.58%
ROA(5y)10.02%
ROE(3y)12.05%
ROE(5y)12.79%
ROIC(3y)8.63%
ROIC(5y)9.65%
VEEV Yearly ROA, ROE, ROICVEEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 28.44%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • VEEV's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 29.64%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • VEEV's Operating Margin has improved in the last couple of years.
  • VEEV has a Gross Margin of 75.53%. This is in the better half 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 29.64%
PM (TTM) 28.44%
GM 75.53%
OM growth 3Y11.63%
OM growth 5Y2.82%
PM growth 3Y7.92%
PM growth 5Y1.86%
GM growth 3Y1.74%
GM growth 5Y0.94%
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 2026 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. VEEV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VEEV is still creating some value.
  • The number of shares outstanding for VEEV has been increased compared to 1 year ago.
  • VEEV has more shares outstanding than it did 5 years ago.
  • 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 2026 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 2026 2B 4B 6B 8B

2.2 Solvency

  • VEEV has an Altman-Z score of 13.17. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
  • VEEV has a Altman-Z score of 13.17. This is amongst the best in the industry. VEEV outperforms 91.43% 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 13.17
ROIC/WACC1.05
WACC9.44%
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 2026 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 4.89 indicates that VEEV has no problem at all paying its short term obligations.
  • VEEV has a better Current ratio (4.89) than 85.71% of its industry peers.
  • VEEV has a Quick Ratio of 4.89. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • VEEV has a better Quick ratio (4.89) than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 4.89
Quick Ratio 4.89
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 2026 2B 4B 6B

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

7

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.
  • The Earnings Per Share has been growing by 22.35% on average over the past years. This is a very strong growth
  • VEEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.34%.
  • VEEV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.88% yearly.
EPS 1Y (TTM)21.94%
EPS 3Y23.3%
EPS 5Y22.35%
EPS Q2Q%18.39%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y14.03%
Revenue growth 5Y16.88%
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.
  • VEEV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.80% yearly.
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

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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

  • VEEV is valuated rather expensively with a Price/Earnings ratio of 23.02.
  • 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 (26.45), we can say VEEV is valued inline with the index average.
  • Based on the Price/Forward Earnings ratio of 21.19, the valuation of VEEV can be described as rather expensive.
  • VEEV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VEEV is cheaper than 68.57% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, VEEV is valued at the same level.
Industry RankSector Rank
PE 23.02
Fwd PE 21.19
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

  • VEEV's Enterprise Value to EBITDA is on the same level as the industry average.
  • 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 22
EV/EBITDA 20.76
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 an expensive valuation of the company.
  • The excellent profitability rating of VEEV may justify a higher PE ratio.
PEG (NY)2.67
PEG (5Y)1.03
EPS Next 2Y11.32%
EPS Next 3Y11.47%

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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 (3/10/2026, 10:21:56 AM)

185.54

-10.03 (-5.13%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Technology
Earnings (Last)03-04
Earnings (Next)05-26
Inst Owners88.29%
Inst Owner Change-2.61%
Ins Owners8.44%
Ins Owner Change-0.03%
Market Cap30.50B
Revenue(TTM)3.20B
Net Income(TTM)908.91M
Analysts80
Price Target309.41 (66.76%)
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)3.51%
Min EPS beat(2)2.55%
Max EPS beat(2)4.48%
EPS beat(4)4
Avg EPS beat(4)5.21%
Min EPS beat(4)2.55%
Max EPS beat(4)11.08%
EPS beat(8)8
Avg EPS beat(8)5.51%
EPS beat(12)12
Avg EPS beat(12)5.58%
EPS beat(16)15
Avg EPS beat(16)5.27%
Revenue beat(2)2
Avg Revenue beat(2)0.71%
Min Revenue beat(2)0.32%
Max Revenue beat(2)1.1%
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)5
Avg Revenue beat(8)0.37%
Revenue beat(12)6
Avg Revenue beat(12)-0.06%
Revenue beat(16)6
Avg Revenue beat(16)-0.19%
PT rev (1m)-1.38%
PT rev (3m)-3.02%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.02%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 23.02
Fwd PE 21.19
P/S 9.54
P/FCF 22
P/OCF 21.55
P/B 4.23
P/tB 4.52
EV/EBITDA 20.76
EPS(TTM)8.06
EY4.34%
EPS(NY)8.76
Fwd EY4.72%
FCF(TTM)8.43
FCFY4.54%
OCF(TTM)8.61
OCFY4.64%
SpS19.44
BVpS43.89
TBVpS41.03
PEG (NY)2.67
PEG (5Y)1.03
Graham Number89.22
Profitability
Industry RankSector Rank
ROA 10.12%
ROE 12.6%
ROCE 12.9%
ROIC 9.92%
ROICexc 93.17%
ROICexgc 233.9%
OM 29.64%
PM (TTM) 28.44%
GM 75.53%
FCFM 43.38%
ROA(3y)9.58%
ROA(5y)10.02%
ROE(3y)12.05%
ROE(5y)12.79%
ROIC(3y)8.63%
ROIC(5y)9.65%
ROICexc(3y)69.24%
ROICexc(5y)64.67%
ROICexgc(3y)190.78%
ROICexgc(5y)289.89%
ROCE(3y)11.23%
ROCE(5y)12.55%
ROICexgc growth 3Y4.54%
ROICexgc growth 5Y-1.37%
ROICexc growth 3Y22.4%
ROICexc growth 5Y16.41%
OM growth 3Y11.63%
OM growth 5Y2.82%
PM growth 3Y7.92%
PM growth 5Y1.86%
GM growth 3Y1.74%
GM growth 5Y0.94%
F-Score7
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 76.72%
Cap/Sales 0.91%
Interest Coverage 250
Cash Conversion 143.68%
Profit Quality 152.5%
Current Ratio 4.89
Quick Ratio 4.89
Altman-Z 13.17
F-Score7
WACC9.44%
ROIC/WACC1.05
Cap/Depr(3y)69.7%
Cap/Depr(5y)61.46%
Cap/Sales(3y)0.92%
Cap/Sales(5y)0.83%
Profit Quality(3y)156.88%
Profit Quality(5y)160.69%
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)16.34%
Revenue growth 3Y14.03%
Revenue growth 5Y16.88%
Sales Q2Q%15.96%
Revenue Next Year12.28%
Revenue Next 2Y12.47%
Revenue Next 3Y13.16%
Revenue Next 5Y13.8%
EBIT growth 1Y35.98%
EBIT growth 3Y27.3%
EBIT growth 5Y20.18%
EBIT Next Year14.38%
EBIT Next 3Y14.77%
EBIT Next 5Y16.1%
FCF growth 1Y29.6%
FCF growth 3Y21.81%
FCF growth 5Y20.64%
OCF growth 1Y29.83%
OCF growth 3Y21.94%
OCF growth 5Y20.75%

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 9 / 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 23.02 and the Price/Book (PB) ratio is 4.23.


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.