Veeva Systems
Financial ratios & Valuation

Forward Multiples (2026 – 2029)

2026202720282029
Price/Earnings ratio
61.7154.1132.3928.40
Price/Sales ratio
14.3012.7311.4610.17
Earnings per Share (EPS)
$4.60$5.24$8.77$10

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
90.9559.0283.4862.1274.0871.95112.1784.8154.3363.3356.3671.95
Price/Sales ratio
11.727.8510.5512.8619.7419.6229.0919.5812.2914.0812.7519.62
Price/Book Value ratio
9.026.368.7910.1213.7513.0018.8012.457.137.167.3913.00
Price/Cash Flow ratio
54.3540.1039.8837.7854.7749.5477.3247.4133.9536.5335.2249.54
Price/Free Cash Flow ratio
91.4055.4242.0839.7156.5650.0377.2447.5734.0637.6135.2250.03
Price/Earnings Growth ratio
1.651.822.130.692.051.854.767.914.3315.293.642.05
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
63.07%65.24%68.07%69.15%71.55%72.52%72.08%72.78%71.72%71.34%71.72%71.55%
Operating Profit Margin
22.33%19.20%19.84%21.99%25.84%25.92%25.78%27.31%21.30%18.16%21.30%25.92%
Pretax Profit Margin
21.45%19.21%20.15%23.13%27.67%28.41%26.89%27.68%23.62%24.87%23.62%28.41%
Net Profit Margin
12.89%13.30%12.64%20.70%26.65%27.27%25.93%23.09%22.63%22.24%22.63%27.27%
Effective Tax Rate
39.89%30.72%37.24%10.50%3.69%4.00%3.55%16.57%4.20%10.59%25.08%3.69%
Return on Assets
7.41%7.71%7.49%11.82%13.89%13.25%12.47%11.19%10.15%8.89%10.15%13.25%
Return On Equity
9.92%10.77%10.53%16.28%18.56%18.07%16.76%14.67%13.12%11.31%14.50%18.07%
Return on Capital Employed
17.09%15.12%16.09%17.02%17.79%16.63%16.21%16.98%12.08%9.07%12.08%16.63%
Liquidity Ratios
Current Ratio
3.702.682.883.203.572.773.22N/AN/AN/A3.943.57
Quick Ratio
3.702.692.883.203.572.773.223.693.944.243.773.57
Cash ratio
0.950.700.881.011.370.861.021.350.880.590.880.86
Days of Sales Outstanding
107.97129.15122.65126.72136.13139.67152.36136.94132.99137.20119.07139.67
Days of Inventory outstanding
0.000.000.00N/A0.00N/AN/A0.000.00N/AN/AN/A
Operating Cycle
107.97129.15122.65126.72136.13139.67152.36136.94132.99137.2029.36139.67
Days of Payables Outstanding
12.2611.8011.9311.9813.5523.3620.7514.7424.9616.9824.9613.55
Cash Conversion Cycle
95.71117.34110.72114.73122.58116.31131.61122.20108.03120.2294.11116.31
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/A0.000.000.000.000.000.220.22
Debt Equity Ratio
N/AN/AN/AN/AN/A0.000.000.000.000.000.290.29
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.01N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/A0.000.000.000.000.000.010.01
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/A43.6847.0169.6169.0397.6312.7943.68
Company Equity Multiplier
1.331.391.401.371.331.361.341.311.291.271.291.36
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.210.190.260.340.360.390.370.410.360.380.360.36
Free Cash Flow / Operating Cash Flow Ratio
0.590.720.940.950.960.991.000.990.990.9710.96
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/A43.6847.0169.6169.0397.6312.7943.68
Short Term Coverage Ratio
N/AN/AN/AN/AN/A43.6847.0169.6169.0397.6369.0243.68
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A