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Veeva Systems Inc (VEEV) Fair Value & Analysis

Healthcare · US · Market cap $30.9B

VS Veeva Systems Inc logo Veeva Systems Inc VEEV · US
Price$217.80
Fair Value$95.12
Upside-56.3%
Quality63/100
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Healthy Growth
Highly profitable · 28.4% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Wide moat 85/100
Evidence: High Range $71.34 – $146.33 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 27 days ago

Fair value updated Jul 11, 2026, revised from $103.58 to $95.12 (−8.2%) since Jun 24, 2026. Share price +13.3% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($146.33). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($71.34 to $146.33) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$341.00 $151.10 Fair Value $95.12 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range $151.10 – $341.00 · fair‑value band $71.34 – $146.33 · the $217.80 price screens above the $95.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Veeva Systems Inc (VEEV) currently trades at $217.80, while our model-based Fair Value estimate is $95.12, implying the stock looks roughly 56.3% overvalued today. We read business quality at 63/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Veeva Systems Inc generated revenue of $3.3B at a net margin of 28.4%. Revenue grew 16.3% year over year. It earns a return on equity of 13.9%. The balance sheet holds a net cash position of $1.3B. Fundamentals as of Jul 11, 2026

Our scenario range runs from $71.34 (bear case) to $146.33 (bull case); at $217.80, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 30% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -62% fair-value upside, at -56%, VEEV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $143.83 $260.01 $494.85 80
Residual Income $41.66 $52.02 $141.38 76
Rev-Margin DCF $76.12 $126.40 $220.21 74
All 26 models by family
DCF Models
FCF DCF $152.36 $234.73 $497.01 38
Owner Earnings $98.64 $213.32 $454.05 31
5Y Revenue Exit $75.92 $111.39 $184.52 39
5Y EBITDA Exit $91.89 $143.69 $244.82 41
5Y P/E Exit $111.45 $225.39 $378.47 38
10Y Revenue Exit $97.72 $172.49 $210.14 36
10Y EBITDA Exit $110.94 $206.89 $364.71 37
10Y P/E Exit $125.21 $249.00 $447.41 35
Earnings-Based
Graham-Dodd $38.05 $265.34 $372.36 54
Lynch FV $99.05 $141.50 $183.95 50
PEG = 1.0 $99.05 $141.50 $183.95 46
EPV $45.73 $51.89 $57.29 59
Dividend Discount
Gordon GGM $0.2100 $0.4400 $0.7000 70
DDM Multi-Stage $0.2100 $0.3700 $0.4600 61
Multiples
P/E Multiple $83.93 $111.90 $139.88 63
P/S Multiple $36.88 $49.18 $61.47 58
P/B Multiple $71.34 $95.12 $118.90 55
EV/EBIT $84.90 $110.29 $135.68 53
EV/EBITDA $66.78 $86.12 $105.47 54
EV/Revenue $43.17 $57.92 $72.68 43
Asset-Based
NCAV (Graham) $22.21 $29.76 $44.41 50
Growth DCF
Growth DCF $143.83 $260.01 $494.85 80
Rev-Margin DCF $76.12 $126.40 $220.21 74
Economic Profit
Residual Income $41.66 $52.02 $141.38 76
ROIC Compounder $47.33 $62.91 $77.88 72
Growth Earnings
Growth-Adj P/E $124.44 $177.77 $231.11 68

Widest divergence: DCF Models ($206.89) versus Dividend Discount ($0.3700). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $3.3B
Revenue growth (YoY) +16.3%
Net margin 28.4%
Return on equity 13.9%
Free cash flow $1.4B FY2026
P/E ratio 33.6
More key figures
Operating margin 30.9%
EPS (TTM) $5.65
EPS growth (YoY) +14.6%
Net cash $1.3B FY2026

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 72 · Market factors (momentum, volatility) 43

Profitability 57
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 72
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Full company description

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud comprising Veeva Vault CRM Suite for pharmaceutical and biotechnology companies; Veeva Medical that provides source of medical content across multiple channels and geographies; Veeva PromoMats, an end-to-end content and digital asset management solution; and Veeva Crossix, an analytics platform for pharmaceutical brands. It also provides Veeva Data Cloud, such as Veeva OpenData, a customer reference data solution; Veeva Link, which provides deep data; Veeva Compass, which includes de-identified and longitudinal patient data; and Veeva CRM Pulse that provides access and multichannel engagement metrics. In addition, the company offers Veeva Development Cloud consisting of Veeva Clinical Platform, which advances clinical trial execution; Veeva Clinical Data Management that helps sponsors and CROs design and run trials; Veeva Safety, which unifies systems and processes; Veeva RIM that provides regulatory information management capabilities, as well as Veeva Quality Cloud, which is used by the life sciences and consumer products industries; and Veeva Business Consulting services. Further, it provides professional and support services, including implementation and deployment planning, and project management; requirements analysis, solution design, and configuration; systems environment management and deployment; services focused on advancing or transforming business and operating processes; technical consulting services on data migration and systems integrations; training; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Veeva Systems Inc reported revenue of $3.2B in FY2026 versus $1.9B in FY2022, a compound +14.6%/yr. Reported net income was $909M in FY2026, compounding +20.8%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$3.2B
Latest YoY
+16.3%
Avg. growth/yr (3Y)
+14.0%
Avg. growth/yr (5Y)
+16.9%
Avg. growth/yr (15Y)
+36.8%
Revenue +14.6%/yr
FY22 $1.9B
FY23 $2.2B
FY24 $2.4B
FY25 $2.7B
FY26 $3.2B
Net income +20.8%/yr
FY22 $427M
FY23 $488M
FY24 $526M
FY25 $714M
FY26 $909M

VEEV screens 56% overvalued. Compare with Pro Medicus Limited →

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Cite: Fair Value Calculator (2026). "Veeva Systems Inc Fair Value". https://www.fairvalue-calculator.com/stock/VEEV

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Health Information Services · 127 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside −56% · Below median
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 28% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 16% · Above median

Valuation Multiples vs Health Information Services median · lower = cheaper

P/E (TTM) 33.6× · Cheaper than median
P/B 4.28× · Pricier than 75% of peers
P/S (TTM) 9.31× · Pricier than 75% of peers
P/FCF 22.3× · Pricier than median
EV/EBITDA 28.7× · Pricier than 75% of peers
PEG 0.85× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 82 · sector 29
PAST 56 · sector 7
HEALTH 100 · sector 98
DIVIDEND 0 · sector 35

VALUE 0: the price sits above our fair-value range.

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Health Information Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Pro Medicus Limited PME A$194.84 A$23.74 -88%
BrightSpring Health Services, Inc BTSG $68.16 $21.31 -69%
HealthEquity, Inc HQY $97.67 $56.63 -42%
Hinge Health, Inc HNGE $88.80 $24.03 -73%
10x Genomics, Inc TXG $45.75 $17.18 -62%
Waystar Holding WAY $22.69 $12.86 -43%
Doximity, Inc DOCS $22.21 $17.18 -23%
Privia Health Group PRVA $28.10 $5.30 -81%
Inventurus Knowledge Solutions Limited IKS ₹1,846 ₹860.28 -53%
Winning Health Technology Group 300253 ¥6.54 ¥1.18 -82%

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Frequently asked questions

Is Veeva Systems Inc (VEEV) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of $95.12 versus a price of $217.80, about −56% (overvalued).
What is the fair value of VEEV?
Our model-based fair value for Veeva Systems Inc is $95.12 (as of Jul 11, 2026), built from audited fundamentals. The current price is $217.80.
What is the quality score of VEEV?
Veeva Systems Inc has a Quality Score of 63/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Veeva Systems Inc (VEEV)?
Veeva Systems Inc reported trailing-twelve-month revenue of about $3.3B (latest available figure, as of Jul 11, 2026).
What is the net profit margin of VEEV?
The net profit margin of Veeva Systems Inc is about 28.4%, meaning it keeps roughly 28.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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