Veeco Instruments Inc. (VECO) P/E Ratio History
ExpensiveTrading at 135.0x vs 5Y avg 50.3x · 90th percentile · Material premium to history · Data 1995–2026
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P/E Ratio Analysis
As of June 22, 2026, Veeco Instruments Inc. (VECO) trades at a price-to-earnings ratio of 135.0x, with a stock price of $79.65 and trailing twelve-month earnings per share of $0.38.
The current P/E is 168% 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 29.0x, VECO trades at a 365% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
Relative to the broader market, VECO commands a significant premium over the S&P 500 median P/E of 24.4x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
VECO P/E vs Peers
Semiconductor Manufacturing Equipment peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 80.2 | 2.26 | -10% | |
| $17B | 120.1 | 3.47 | -32% | |
| $27B | 93.0 | - | +56%Best | |
| $490B | 71.3 | 4.15 | +1% | |
| $486B | 93.7 | 4.18 | +43% | |
| $34B | 8.5Lowest | 0.27Best | +50% | |
| $18B | 72.3 | 1.95 | +38% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
VECO Historical P/E Data (1995–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $33.86 | $0.38 | 89.6x | +117% |
| FY2025 Q4 | Dec 31 2025 | $28.58 | $0.59 | 48.6x | +18% |
| FY2025 Q3 | - | $30.43 | $0.83 | 36.7x | -11% |
| FY2025 Q2 | Jun 30 2025 | $20.32 | $1.02 | 19.9x | -52% |
| FY2025 Q1 | Mar 31 2025 | $20.08 | $1.07 | 18.8x | -55% |
| FY2024 Q4 | - | $26.80 | $1.24 | 21.6x | -48% |
| FY2024 Q3 | Sep 30 2024 | $33.13 | $1.34 | 24.7x | -40% |
| FY2024 Q2 | Jun 30 2024 | $46.71 | $1.40 | 33.4x | -19% |
| FY2023 Q3 | Sep 30 2023 | $28.11 | $0.99 | 28.4x | -31% |
| FY2023 Q2 | Jun 30 2023 | $25.68 | $0.84 | 30.6x | -26% |
| FY2023 Q1 | Mar 31 2023 | $21.13 | $2.63 | 8.0x | -81% |
| FY2022 Q4 | Dec 31 2022 | $18.58 | $2.70 | 6.9x | -83% |
| FY2022 Q3 | Sep 30 2022 | $18.32 | $0.84 | 21.8x | -47% |
| FY2022 Q2 | - | $19.40 | $0.74 | 26.2x | -37% |
| FY2022 Q1 | - | $27.19 | $0.68 | 40.0x | -3% |
| FY2021 Q4 | Dec 31 2021 | $28.47 | $0.49 | 58.1x | +40% |
| FY2021 Q3 | - | $22.21 | $0.34 | 65.7x | +59% |
| FY2021 Q2 | Jun 30 2021 | $24.04 | $0.18 | 135.1x | +227% |
| FY2013 Q1 | Mar 31 2013 | $38.41 | $0.15 | 256.1x | +519% |
| FY2012 Q4 | Dec 31 2012 | $29.49 | $0.83 | 35.5x | -14% |
| FY2012 Q3 | Sep 30 2012 | $30.00 | $1.58 | 19.0x | -54% |
| FY2012 Q2 | Jun 30 2012 | $34.36 | $2.14 | 16.1x | -61% |
| FY2012 Q1 | Mar 31 2012 | $28.60 | $2.29 | 12.5x | -70% |
| FY2011 Q4 | Dec 31 2011 | $20.80 | $3.11 | 6.7x | -84% |
| FY2011 Q3 | Sep 30 2011 | $24.40 | $7.23 | 3.4x | -92% |
| FY2011 Q2 | - | $48.41 | $8.37 | 5.8x | -86% |
| FY2011 Q1 | - | $50.84 | $9.12 | 5.6x | -87% |
| FY2010 Q4 | Dec 31 2010 | $42.96 | $8.50 | 5.1x | -88% |
| FY2010 Q3 | - | $34.87 | $4.30 | 8.1x | -80% |
| FY2010 Q2 | Jun 30 2010 | $34.28 | $2.30 | 14.9x | -64% |
| FY2010 Q1 | Mar 31 2010 | $43.48 | $0.63 | 69.0x | +67% |
| FY2007 Q2 | Jun 30 2007 | $20.74 | $0.31 | 67.8x | +64% |
| FY2007 Q1 | Mar 31 2007 | $19.50 | $0.49 | 39.8x | -4% |
| FY2006 Q4 | Dec 31 2006 | $18.73 | $0.47 | 39.7x | -4% |
| FY2006 Q3 | Sep 30 2006 | $20.15 | $0.32 | 62.8x | +52% |
| FY2006 Q2 | Jun 30 2006 | $23.84 | $0.23 | 103.2x | +150% |
| FY2006 Q1 | Mar 31 2006 | $23.35 | $0.12 | 201.3x | +387% |
| FY2001 Q4 | Dec 31 2001 | $36.05 | $0.48 | 75.1x | +82% |
| FY2001 Q3 | Sep 30 2001 | $26.50 | $0.53 | 50.0x | +21% |
| FY2001 Q2 | Jun 30 2001 | $39.75 | $0.70 | 56.8x | +37% |
| FY2000 Q1 | Mar 31 2000 | $74.00 | $0.96 | 77.1x | +86% |
| FY1999 Q4 | Dec 31 1999 | $46.81 | $1.15 | 40.7x | -2% |
| FY1999 Q3 | - | $28.00 | $1.25 | 22.4x | -46% |
| FY1999 Q2 | Jun 30 1999 | $34.00 | $1.25 | 27.2x | -34% |
| FY1999 Q1 | Mar 31 1999 | $36.94 | $0.77 | 48.0x | +16% |
| FY1998 Q4 | - | $53.13 | $0.75 | 70.8x | +71% |
| FY1998 Q3 | Sep 30 1998 | $31.50 | $0.78 | 40.4x | -2% |
| FY1998 Q2 | - | $24.88 | $1.08 | 23.0x | -44% |
| FY1998 Q1 | - | $37.19 | $1.41 | 26.4x | -36% |
| FY1997 Q4 | Dec 31 1997 | $22.00 | $1.55 | 14.2x | -66% |
| FY1997 Q3 | - | $63.19 | $1.60 | 39.5x | -5% |
| FY1997 Q2 | Jun 30 1997 | $38.75 | $1.33 | 29.1x | -30% |
| FY1997 Q1 | Mar 31 1997 | $29.38 | $1.45 | 20.3x | -51% |
| FY1996 Q4 | - | $22.00 | $1.25 | 17.6x | -57% |
| FY1996 Q3 | Sep 30 1996 | $14.50 | $1.20 | 12.1x | -71% |
| FY1996 Q2 | Jun 30 1996 | $14.13 | $1.21 | 11.7x | -72% |
| FY1996 Q1 | Mar 31 1996 | $15.00 | $1.17 | 12.8x | -69% |
| FY1995 Q4 | Dec 31 1995 | $14.50 | $1.15 | 12.6x | -70% |
| FY1995 Q3 | Sep 30 1995 | $26.25 | $1.00 | 26.3x | -37% |
Average P/E for displayed period: 41.4x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
31+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VECO — Frequently Asked Questions
Quick answers to the most common questions about buying VECO stock.
What is VECO's P/E ratio?
Veeco Instruments Inc. (VECO) trailing twelve-month P/E ratio is 135.0x, based on TTM diluted EPS of $0.38. The 5-year average P/E is 50.3x and the historical range spans 6.9x to 256.1x.
Is VECO stock overvalued or undervalued?
VECO trades at 135.0x P/E, above its 5-year average of 50.3x. The 90th percentile ranking within the 6.9x–256.1x historical range indicates a premium to historical valuation.
Is VECO stock expensive?
Yes, VECO is expensive relative to its own history. The current P/E of 135.0x is above the 5-year average of 50.3x and also above the Technology sector median of 29.0x. The stock sits at the 90th percentile of its 5-year valuation range.
What is VECO's historical P/E range?
Over the past 5 years, VECO's P/E ratio has ranged from 6.9x to 256.1x, with a median of 33.4x and an average of 50.3x. The current P/E of 135.0x places the stock at the 90th percentile of this range. Full historical data spans 1995–2026.
How does VECO's P/E compare to the S&P 500?
VECO trades at 135.0x P/E versus the S&P 500 median of 24.4x. The 453% premium to the market typically reflects higher expected earnings growth or quality.
How does VECO's valuation compare to Technology peers?
Veeco Instruments Inc. P/E of 135.0x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is VECO's PEG ratio?
VECO PEG ratio is N/A, based on a P/E of 135.0x and EPS growth of -52.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is VECO's earnings yield?
VECO earnings yield is 0.74%, the inverse of its 135.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.