Question 1

What is Veeva Systems's P/B ratio?

Accepted Answer

Veeva Systems (VEEV) P/B ratio is 3.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Veeva Systems?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Veeva Systems specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Veeva Systems's P/B ratio high or low?

Accepted Answer

Veeva Systems's P/B ratio of 3.9× is below its own 5-year average of 8.3× and above the sector median of 3.4×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Veeva Systems's historical P/B ratio range?

Accepted Answer

In the available daily series, Veeva Systems (VEEV) P/B ratio has ranged from a low of 3.5× in 2026 to a high of 95.8× in 2013. The 5-year average is 8.3× and the 5-year median is 7.1×.

Question 7

What was Veeva Systems's P/B ratio in 2026?

Accepted Answer

Veeva Systems (VEEV) P/B ratio at the end of 2026 was 4.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Veeva Systems's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$33.51B	$7.21B	4.6×	-1.8×	Jan 31, 2026
2025	$37.88B	$5.83B	6.5×	-0.7×	Jan 31, 2025
2024	$33.41B	$4.64B	7.2×	+0.0×	Jan 31, 2024
2023	$26.69B	$3.72B	7.2×	-5.3×	Jan 31, 2023
2022	$36.41B	$2.91B	12.5×	-6.4×	Jan 31, 2022
2021	$42.92B	$2.27B	18.9×	+5.8×	Jan 31, 2021
2020	$21.81B	$1.67B	13.1×	+0.3×	Jan 31, 2020
2019	$15.89B	$1.24B	12.8×	+2.6×	Jan 31, 2019
2018	$8.90B	$871.53M	10.2×	+1.4×	Jan 31, 2018
2017	$5.77B	$652.98M	8.8×	+2.4×	Jan 31, 2017
2016	$3.24B	$505.25M	6.4×	-2.8×	Jan 31, 2016
2015	$3.75B	$406.83M	9.2×	-4.7×	Jan 31, 2015
2014	$3.90B	$280.10M	13.9×	—	Jan 31, 2014


Quest Diagnostics (DGX)	2.9×
Moderna (MRNA)	2.7×
Charles River (CRL)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Danaher (DHR)	2.4×
UnitedHealth Group (UNH)	2.4×
Solventum (SOLV)	2.3×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Molina Healthcare (MOH)	1.7×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Elevance Health (ELV)	1.5×
Universal Health Services (UHS)	1.5×
Biogen (BIIB)	1.4×
Baxter International (BAX)	1.4×
Revvity (RVTY)	1.4×
Zimmer Biomet Holdings (ZBH)	1.2×
CVS Health (CVS)	1.2×
Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
Centene (CNC)	0.8×

P/B Ratio for Veeva Systems (VEEV)

P/B Ratio daily chart for Veeva Systems (VEEV)

Historical P/B Ratio for Veeva Systems (VEEV) from 2014 to 2026

About P/B Ratio at Veeva Systems (VEEV)

Veeva Systems P/B Ratio by Year

Veeva Systems P/B Ratio 2026: 4.6×

Veeva Systems P/B Ratio 2025: 6.5×

Veeva Systems P/B Ratio 2024: 7.2×

Veeva Systems P/B Ratio 2023: 7.2×

Veeva Systems P/B Ratio 2022: 12.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Veeva Systems (VEEV) Key Financials

P/B Ratio daily chart for Veeva Systems (VEEV)

Historical P/B Ratio for Veeva Systems (VEEV) from 2014 to 2026

About P/B Ratio at Veeva Systems (VEEV)

Veeva Systems P/B Ratio by Year

Veeva Systems P/B Ratio 2026: 4.6×

Veeva Systems P/B Ratio 2025: 6.5×

Veeva Systems P/B Ratio 2024: 7.2×

Veeva Systems P/B Ratio 2023: 7.2×

Veeva Systems P/B Ratio 2022: 12.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Veeva Systems's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Veeva Systems?

+Is Veeva Systems's P/B ratio high or low?

+What is Veeva Systems's historical P/B ratio range?

+What was Veeva Systems's P/B ratio in 2026?

+Why does Veeva Systems's P/B ratio change over time?

Veeva Systems (VEEV) Key Financials