Is Veeva Systems, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Veeva Systems, Inc. has moved from fair to expensive, indicating that the stock is overvalued. The company exhibits a P/E ratio of 60, an EV to EBITDA ratio of 49.65, and a PEG ratio of 1.51, all of which suggest that the stock is trading at a premium compared to its earnings growth potential.
In comparison to its peers, Veeva Systems, Inc. has a higher P/E ratio than Electronic Arts, Inc. (38.67) and The Trade Desk, Inc. (60.98), which also reflects its expensive valuation status. Additionally, Fidelity National Information Services, Inc. appears more attractive with a P/E ratio of 59.37. Over the past year, Veeva has returned 30.74%, outperforming the S&P 500's 14.08%, but this performance does not mitigate the overall overvaluation indicated by its high valuation ratios.