Veeva Systems (VEEV) Stock Analysis

November 11, 2026

This is a peer-relative look at Veeva Systems (VEEV): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Veeva Systems (VEEV)
Profile Item	VEEV
Name	Veeva Systems Inc.
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Technology
GICS Sub-Industry	Health Care Technology
Market Capitalization	49.18 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 16, 2013
Security Type	Common Stock

Price Performance

Cumulative Growth

VEEV

GSPC

Veeva Systems (VEEV) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Veeva Systems (VEEV) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Veeva Systems (VEEV) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Total Return (1Y)	3.92%	21.53%
Total Return (3Y, Annualized)	22.52%	9.81%
Total Return (5Y, Annualized)	-0.87%	-2.76%

Risk Profile

Drawdown History

VEEV

GSPC

Veeva Systems (VEEV) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Veeva Systems (VEEV) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Volatility (1Y, Annualized)	43.36%	50.93%
Beta (5Y)	0.88	0.85
Max Drawdown (5Y)	-52.79%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. VEEV is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Sharpe Ratio (1Y)	-0.01	0.34
Sortino Ratio (1Y)	-0.01	0.54

Profitability

ROE (TTM)

Veeva Systems (VEEV) posts ROE of 14.43%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

VEEV

Health Care Equipment & Services industry group

14.43%

Group distribution

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
VEEV: 14.43%
MDT: 10.65%
ABT: 9.14%
MCK: --

Where Veeva Systems (VEEV) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Veeva Systems (VEEV) keeps 29.35% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

VEEV

Health Care Equipment & Services industry group

29.35%

Group distribution

VEEV: 29.35%
Max: 29.35%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Largest peers

VEEV: 29.35%
ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
UNH: 3.53%
MCK: 1.12%

Where Veeva Systems (VEEV) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Veeva Systems (VEEV) turns 29.64% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

VEEV

Health Care Equipment & Services industry group

29.64%

Group distribution

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
VEEV: 29.64%
SYK: 22.96%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
MCK: 1.48%

Where Veeva Systems (VEEV) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
ROE (TTM)	14.43%	5.45%
ROA (TTM)	7.58%	3.17%
Net Margin (TTM)	29.35%	2.18%
Operating Margin (TTM)	29.64%	6.81%
Gross Margin (TTM)	74.96%	55.21%

Growth

Revenue Growth

Veeva Systems (VEEV) grew revenue 16.34%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Veeva Systems (VEEV): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Veeva Systems (VEEV) grew earnings per share 25.93%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Veeva Systems (VEEV): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Revenue Growth (YoY)	16.34%	11.55%
Revenue Growth (3Y CAGR)	14.03%	10.83%
EPS Growth (YoY)	25.93%	4.88%
EPS Growth (3Y CAGR)	21.94%	14.59%

Financial Strength

Current Ratio (MRQ)

Veeva Systems (VEEV) has current ratio of 5.46, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

VEEV

Health Care Equipment & Services industry group

5.46

Group distribution

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

Largest peers

VEEV: 5.46
ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
MCK: 0.90
UNH: 0.74

Where Veeva Systems (VEEV) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Veeva Systems (VEEV) has debt-to-equity ratio of 0.02, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

VEEV

Health Care Equipment & Services industry group

0.02

Group distribution

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

Largest peers

UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
VEEV: 0.02
ISRG: --
MCK: --

Where Veeva Systems (VEEV) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Current Ratio (MRQ)	5.46	1.98
Debt / Equity (MRQ)	0.02	0.58
Net Debt / EBITDA	-6.59	2.04

Dividends

Dividend Yield (TTM)

Veeva Systems (VEEV) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

VEEV

Health Care Equipment & Services industry group

0.00%

Group distribution

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
MCK: 0.32%
VEEV: 0.00%
ISRG: 0.00%

Where Veeva Systems (VEEV) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Veeva Systems (VEEV) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

VEEV

Health Care Equipment & Services industry group

0.00%

Group distribution

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
MCK: 8.77%
VEEV: 0.00%
ISRG: 0.00%

Where Veeva Systems (VEEV) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Veeva Systems (VEEV) trades at P/E ratio of 49.79, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

VEEV

Health Care Equipment & Services industry group

49.79

Group distribution

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

Largest peers

ISRG: 54.75
VEEV: 49.79
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50

Where Veeva Systems (VEEV) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Veeva Systems (VEEV) trades at 14.22 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

VEEV

Health Care Equipment & Services industry group

14.22

Group distribution

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

Largest peers

VEEV: 14.22
ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
UNH: 0.78
MCK: 0.29

Where Veeva Systems (VEEV) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Veeva Systems (VEEV) trades at 6.61 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

VEEV

Health Care Equipment & Services industry group

6.61

Group distribution

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

Largest peers

ISRG: 9.82
VEEV: 6.61
SYK: 5.29
ABT: 3.73
UNH: 3.60
MDT: 2.59
MCK: -30.85

Where Veeva Systems (VEEV) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Veeva Systems (VEEV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: VEEV	Industry group median
P/E Ratio (TTM)	49.79	29.93
P/S Ratio (TTM)	14.22	2.13
P/B Ratio (MRQ)	6.61	3.00
Free Cash Flow Yield (TTM)	2.56%	3.50%