Veeva Systems Inc. (VEEV) Financial Ratios
15 years of historical data (2012–2026) · Healthcare · Medical - Healthcare Information Services
EV/EBITDA
↓
19.74
↓-64% vs avg
5yr avg: 55.15
30Y Low27.4·High98.6
P/FCF
↓
17.97
↓-52% vs avg
5yr avg: 37.24
30Y Low24.6·High109.6
P/B Ratio
↓
3.55
↓-55% vs avg
5yr avg: 7.85
30Y Low4.7·High19.6
ROE
↓
13.9%
-2% vs avg
5yr avg: 14.3%
30Y Low12%·High30%
Debt/EBITDA
↓
0.08
↓-25% vs avg
5yr avg: 0.11
30Y Low0.1·High0.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VEEV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Veeva Systems Inc. trades at 28.2x earnings, 53% below its 5-year average of 60.5x, sitting at the 0th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a premium of 27%. On a free-cash-flow basis, the stock trades at 18.0x P/FCF, 52% below the 5-year average of 37.2x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.9B | $34.1B | $38.5B | $33.9B | $27.7B | $38.4B | $44.4B | $23.2B | $17.0B | $9.7B | $6.2B |
| Enterprise Value | $23.6B | $32.7B | $37.5B | $33.3B | $26.9B | $37.3B | $43.8B | $22.8B | $16.5B | $9.3B | $6.0B |
| P/E Ratio → | 28.18 | 37.49 | 54.00 | 64.41 | 56.85 | 89.94 | 117.14 | 77.16 | 74.19 | 64.14 | 90.06 |
| P/S Ratio | 7.79 | 10.66 | 14.03 | 14.35 | 12.86 | 20.74 | 30.33 | 21.02 | 19.75 | 13.99 | 11.48 |
| P/B Ratio | 3.55 | 4.72 | 6.61 | 7.30 | 7.45 | 13.18 | 19.61 | 13.93 | 13.76 | 10.66 | 9.57 |
| P/FCF | 17.97 | 24.57 | 36.04 | 38.31 | 36.12 | 51.16 | 81.89 | 53.44 | 56.31 | 43.16 | 45.57 |
| P/OCF | 17.60 | 24.06 | 35.36 | 37.21 | 35.50 | 50.21 | 80.60 | 53.06 | 54.78 | 41.38 | 43.38 |
P/E links to full P/E history page with 30-year chart
VEEV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Veeva Systems Inc.'s enterprise value stands at 19.7x EBITDA, 64% below its 5-year average of 55.2x. The Healthcare sector median is 14.2x, placing the stock at a 39% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.24 | 13.65 | 14.07 | 12.47 | 20.15 | 29.87 | 20.64 | 19.11 | 13.53 | 11.08 |
| EV / EBITDA | 19.74 | 27.40 | 51.31 | 72.00 | 55.05 | 69.99 | 107.47 | 74.44 | 69.73 | 54.42 | 44.82 |
| EV / EBIT | 25.73 | 27.40 | 40.79 | 56.56 | 52.80 | 72.81 | 115.84 | 79.61 | 73.92 | 56.34 | 49.96 |
| EV / FCF | — | 23.61 | 35.06 | 37.58 | 35.05 | 49.72 | 80.66 | 52.47 | 54.48 | 41.73 | 43.98 |
VEEV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Veeva Systems Inc. earns an operating margin of 28.7%. Operating margins have expanded from 18.2% to 28.7% over the past 3 years, signaling improving operational efficiency. ROE of 13.9% is modest. ROIC of 12.9% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5% | 75.5% | 74.5% | 71.3% | 71.7% | 72.8% | 72.1% | 72.5% | 71.6% | 69.4% | 68.1% |
| Operating Margin | 28.7% | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | 25.8% | 25.9% | 25.8% | 22.9% | 22.2% |
| Net Profit Margin | 28.4% | 28.4% | 26.0% | 22.2% | 22.6% | 23.1% | 25.9% | 27.3% | 26.7% | 21.9% | 14.3% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 13.9% | 13.6% | 12.6% | 14.7% | 16.5% | 19.3% | 20.7% | 21.4% | 19.4% | 13.4% |
| ROA | 11.1% | 11.1% | 10.8% | 9.8% | 11.3% | 12.5% | 14.3% | 15.3% | 15.9% | 14.1% | 9.6% |
| ROIC | 12.9% | 12.9% | 11.8% | 9.3% | 14.6% | 22.1% | 19.9% | 22.2% | 26.3% | 23.2% | 22.4% |
| ROCE | 13.8% | 13.8% | 13.0% | 10.1% | 13.6% | 19.1% | 18.7% | 19.3% | 20.5% | 19.8% | 20.3% |
VEEV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Veeva Systems Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (98% below the sector average of 3.2x). The company holds a net cash position — cash of $1.4B exceeds total debt of $96M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | — | — | — |
| Debt / EBITDA | 0.08 | 0.08 | 0.10 | 0.12 | 0.12 | 0.10 | 0.15 | 0.18 | — | — | — |
| Net Debt / Equity | — | -0.18 | -0.18 | -0.14 | -0.22 | -0.37 | -0.29 | -0.25 | -0.45 | -0.35 | -0.33 |
| Net Debt / EBITDA | -1.11 | -1.11 | -1.43 | -1.40 | -1.69 | -2.03 | -1.64 | -1.38 | -2.33 | -1.87 | -1.62 |
| Debt / FCF | — | -0.96 | -0.98 | -0.73 | -1.08 | -1.44 | -1.23 | -0.97 | -1.82 | -1.43 | -1.59 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.4B) exceeds total debt ($96M)
VEEV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Veeva Systems Inc.'s current ratio of 4.89x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 4.24x to 4.89x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.89 | 4.89 | 4.51 | 4.24 | 3.94 | 3.70 | 3.23 | 2.78 | 3.57 | 3.29 | 2.88 |
| Quick Ratio | 4.89 | 4.89 | 4.51 | 4.24 | 3.94 | 3.70 | 3.23 | 2.78 | 3.57 | 3.29 | 2.88 |
| Cash Ratio | 4.01 | 4.01 | 3.68 | 3.42 | 3.08 | 2.83 | 2.32 | 1.97 | 2.72 | 2.49 | 2.10 |
| Asset Turnover | — | 0.36 | 0.37 | 0.40 | 0.45 | 0.48 | 0.48 | 0.49 | 0.52 | 0.56 | 0.59 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 149.68 | 140.48 | 137.21 | 132.99 | 136.95 | 152.37 | 139.68 | 136.14 | 125.81 | 122.65 |
VEEV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Veeva Systems Inc. returns 0.7% to shareholders annually primarily through share buybacks. The earnings yield of 3.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.5% | 2.7% | 1.9% | 1.6% | 1.8% | 1.1% | 0.9% | 1.3% | 1.3% | 1.6% | 1.1% |
| FCF Yield | 5.6% | 4.1% | 2.8% | 2.6% | 2.8% | 2.0% | 1.2% | 1.9% | 1.8% | 2.3% | 2.2% |
| Buyback Yield | 0.7% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.7% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $167M | $165M | $163M | $162M | $162M | $161M | $158M | $156M | $154M | $148M |
Peer Comparison
Compare VEEV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VEEVYou | $25B | 28.2 | 19.7 | 18.0 | 75.5% | 28.7% | 13.9% | 12.9% | 0.1 |
 CRM | $124B | 19.5 | 10.7 | 8.6 | 77.7% | 21.5% | 12.4% | 10.1% | 1.4 |
 DOCS | $4B | 20.9 | 16.8 | — | 89.1% | 33.3% | 19.3% | 19.8% | 0.0 |
 MEDP | $13B | 30.1 | 22.9 | 19.3 | 30.1% | 21.1% | 70.2% | 154.9% | 0.4 |
 HUBS | $9B | 204.7 | 49.0 | 12.7 | 83.8% | 0.4% | 2.3% | 0.4% | 2.8 |
 DSGX | $6B | 35.3 | 16.5 | 21.7 | 65.9% | 32.3% | 11.2% | 14.9% | 0.0 |
 PCOR | $6B | -59.7 | — | 28.0 | 78.4% | -8.9% | -7.9% | -9.7% | — |
 PFE | $143B | 18.5 | 10.3 | 15.8 | 70.3% | 24.7% | 8.9% | 7.5% | 3.3 |
 JNJ | $550B | 39.4 | 19.1 | 27.7 | 69.1% | 24.9% | 20.1% | 20.7% | 1.2 |
 MRK | $281B | 15.6 | 10.8 | 22.8 | 72.0% | 36.2% | 36.9% | 22.0% | 1.7 |
 LLY | $1.0T | 47.8 | 34.3 | 115.6 | 83.8% | 45.6% | 101.2% | 41.8% | 1.4 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into VEEV consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
VEEV — Frequently Asked Questions
Quick answers to the most common questions about buying VEEV stock.
What is Veeva Systems Inc.'s P/E ratio?
Veeva Systems Inc.'s current P/E ratio is 28.2x. The historical average is 74.3x.
What is Veeva Systems Inc.'s EV/EBITDA?
Veeva Systems Inc.'s current EV/EBITDA is 19.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 59.2x.
What is Veeva Systems Inc.'s ROE?
Veeva Systems Inc.'s return on equity (ROE) is 13.9%. The historical average is 16.6%.
Is VEEV stock overvalued?
Based on historical data, Veeva Systems Inc. is trading at a P/E of 28.2x. Compare with industry peers and growth rates for a complete picture.
What are Veeva Systems Inc.'s profit margins?
Veeva Systems Inc. has 75.5% gross margin and 28.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Veeva Systems Inc. have?
Veeva Systems Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.