Veeco Instruments Inc. (VECO) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2026
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VECO Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Veeco Instruments Inc. (VECO) trades at a price-to-earnings ratio of 97.8x, with a stock price of $57.72 and trailing twelve-month earnings per share of $0.38.
The current P/E is 95% above its 5-year average of 50.3x. Over the past five years, VECO's P/E has ranged from a low of 6.9x to a high of 256.1x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, VECO trades at a 253% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, VECO commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our VECO DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
VECO P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 43.2Lowest | 1.22Best | -10% | |
| $14B | 98.6 | 2.85 | -32% | |
| $20B | 68.8 | - | +56%Best | |
| $326B | 47.4 | 2.76 | +1% | |
| $358B | 69.0 | 3.08 | +43% | |
| $232B | 58.1 | 1.84 | +50% | |
| $15B | 87.7 | 2.43 | +34% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
VECO Historical P/E Data (1995–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $33.86 | $0.38 | 89.6x | +117% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $28.58 | $0.59 | 48.6x | +18% |
| FY2025 Q3 | $30.43 | $0.83 | 36.7x | -11% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $20.32 | $1.02 | 19.9x | -52% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $20.08 | $1.07 | 18.8x | -55% |
| FY2024 Q4 | $26.80 | $1.24 | 21.6x | -48% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $33.13 | $1.34 | 24.7x | -40% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $46.71 | $1.40 | 33.4x | -19% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $28.11 | $0.99 | 28.4x | -31% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $25.68 | $0.84 | 30.6x | -26% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $21.13 | $2.63 | 8.0x | -81% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $18.58 | $2.70 | 6.9x | -83% |
Average P/E for displayed period: 41.4x
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Start ComparisonVECO — Frequently Asked Questions
Quick answers to the most common questions about buying VECO stock.
Is VECO stock overvalued or undervalued?
VECO trades at 97.8x P/E, above its 5-year average of 50.3x. The 90th percentile ranking indicates a premium to historical valuation.
How does VECO's valuation compare to peers?
Veeco Instruments Inc. P/E of 97.8x compares to sector median of 27.7x. The premium reflects expected growth above peers.
What is VECO's PEG ratio?
VECO PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1995-2026.