Is Veeva Systems, Inc. overvalued or undervalued?

As of 27 August 2025, the valuation grade for Veeva Systems, Inc. has moved from fair to expensive, indicating a shift towards overvaluation. The company is currently assessed as overvalued, with a P/E ratio of 60, a Price to Book Value of 7.51, and an EV to EBITDA ratio of 49.65. In comparison, Electronic Arts, Inc. has a P/E of 38.67, while Fidelity National Information Services, Inc. shows a more attractive P/E of 59.37, highlighting Veeva's relatively high valuation within its peer group.
Despite a strong year-to-date return of 32.74% compared to the S&P 500's 12.22%, Veeva's longer-term performance has lagged, with a 5-year return of only 4.96% versus the S&P 500's impressive 96.61%. This suggests that while recent performance may appear favorable, the valuation metrics indicate that Veeva Systems, Inc. is currently overvalued in the market.