Is Veeva Systems, Inc. overvalued or undervalued?

As of 13 June 2025, the valuation grade for Veeva Systems, Inc. has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 60, an EV to EBITDA of 49.65, and a ROE of 12.57%.
In comparison to peers, Veeva's P/E ratio of 59.01 is more favorable than Palantir Technologies, which is considered expensive with a P/E of -134.38, while Cadence Design Systems has a higher P/E of 87.87 but is also classified as fair. Notably, Veeva's strong ROCE of 502.13% indicates efficient capital use, reinforcing its fair valuation amidst a backdrop of recent stock performance that has outpaced the S&P 500 over the past year.