VEEV

NYSE

VEEVA SYSTEMS INC

Health Care, Health Care Technology

$230.47

close 7 Aug 2026

-16.79%

52-week change

$37.05B

market cap

$148.05

$310.50

52-week range

Expected price

$310.36 – $379.33

Current price

$230.47

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)40.86x

P/S (TTM)11.16x

P/B5.07x

EV/EBITDA (TTM)—

FCF yield (TTM)4.43%

PEG (TTM, GAAP)1.86

Context

P/E, own 5-year average62.42x

P/E, sector median29.65x*

Price at 5-year median P/E$341.28*

Forward — analyst consensus

Forward P/E (FY2027)25.43x*

Forward P/E (FY2028)22.97x

Forward PEG2.37*

Consensus EPS FY2027 (26 analysts)$9.06

EPS growth (FY2027→FY2028)10.73%

Revenue growth (FY2027)13.96%

Street view

Price target (mean)$244.14*

Target upside5.93%

Ratings (buy / hold / sell)22 / 7 / 1

FY2027 EPS revisions, 30d (up / down)25 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Apr 2026, filed 5 Jun 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +20.63%10Y CAGR +37.12%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$230.47

Cash & equivalents$1.90B

Total debt—

Shares outstanding160.77M

Result

DCF price per share—

Current price$230.47

Margin of safety—

PV of years 1–10$31.68B

PV of terminal value$92.38B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	Terminal
Growth, %											2.5
FCF	$1.98B	$2.39B	$2.88B	$3.47B	$4.19B	$5.05B	$6.10B	$7.35B	$8.87B	$10.70B	$199.44B
PV	$1.83B	$2.05B	$2.29B	$2.55B	$2.85B	$3.18B	$3.56B	$3.97B	$4.44B	$4.96B	$92.38B

period to 30 Apr 2026, filed 5 Jun 2026, close 7 Aug 2026