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VEEVA SYSTEMS INC VEEV

NYSE · stock · Services-Prepackaged Software · website · IPO 2013-10-16 · LEI

VEEVA SYSTEMS INC statistics & valuation

Market cap$26.5B
P / E29.2×
P / S8.3×
P / B3.7×
Net margin28.4%
Return on equity12.6%
Return on capital12.5%
Graham number -69.9%$72.72

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($72.72); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
14.10% 21.90% 26.70% 27.30% 25.90% 23.10% 22.60% 22.20% 26.00% 28.40% 2017201820192020202120222023202420252026
Gross margin (%)
68.50% 69.40% 71.60% 72.50% 72.10% 72.80% 71.70% 71.30% 74.50% 75.50% 2017201820192020202120222023202420252026
Operating margin (%)
21.90% 22.90% 25.80% 25.90% 25.80% 27.30% 21.30% 18.20% 25.20% 28.70% 2017201820192020202120222023202420252026
Return on equity (%)
11.40% 16.70% 18.60% 18.10% 16.80% 14.70% 13.10% 11.30% 12.20% 12.60% 2017201820192020202120222023202420252026
Shares outstanding
147.6M 153.7M 156.1M 158.3M 160.7M 162.3M 162.4M 163.5M 165.2M 167.0M 2017201820192020202120222023202420252026
Net debt ($)
2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
8.50% 12.30% 13.90% 13.30% 12.50% 11.20% 10.20% 8.90% 9.70% 10.10% 2017201820192020202120222023202420252026
Free cash flow margin (%)
24.90% 32.40% 35.10% 39.30% 2017201820192020202120222023202420252026
Debt / equity (×)
2017201820192020202120222023202420252026
EPS ($)
$0.53 $0.98 $1.47 $1.90 $2.36 $2.63 $3.00 $3.22 $4.32 $5.44 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

VEEVA SYSTEMS INC trades at about 44.4× earnings — below its 10-year norm (10-year range 33.5×–118.7×, median 74.7×).

33.5× 118.7×

Shaded band = 10-year range (33.5×–118.7×); dot = today's 44.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin75.5%74.5%71.3%71.7%72.8%72.1%72.5%71.6%69.4%68.5%
Operating margin28.7%25.2%18.2%21.3%27.3%25.8%25.9%25.8%22.9%21.9%
Net margin28.4%26.0%22.2%22.6%23.1%25.9%27.3%26.7%21.9%14.1%
FCF margin——————39.3%35.1%32.4%24.9%
Return on assets10.1%9.7%8.9%10.2%11.2%12.5%13.3%13.9%12.3%8.5%
Return on equity12.6%12.2%11.3%13.1%14.7%16.8%18.1%18.6%16.7%11.4%
Current ratio4.894.514.243.943.703.232.783.573.312.88

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.