Is Veeva Systems, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Veeva Systems, Inc. moved from fair to expensive, indicating that the company is overvalued. Key valuation ratios highlight this assessment, with a P/E ratio of 60, an EV to EBITDA of 49.65, and a Price to Book Value of 7.51. In comparison to peers, Veeva's P/E ratio is higher than Electronic Arts, Inc. at 38.67 and The Trade Desk, Inc. at 60.98, both of which are also classified as expensive.
In terms of recent performance, Veeva Systems has shown a 1-year return of 30.74%, outperforming the S&P 500's return of 14.08%, but its 5-year return of -7.36% significantly lags behind the S&P 500's 91.29%. Overall, the high valuation ratios and the recent grade change suggest that Veeva Systems, Inc. is currently overvalued.