NYSE: VEEV · Application Software
Veeva Systems (VEEV) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Veeva Systems (VEEV) at $253.69 a share. The stock last closed at $310.10, which puts the model's fair value 18.2% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 5 Nov 2026. Veeva Systems Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $285.55 to $253.69 (-11.2%). The model shifted weight between the company's own multiple and its peers': most of the move.
What the model makes of itThe price of $310.10 is 18.2% above it: Overvalued, on a medium evidence grade.
What's nextReports on 25 Nov 2026. Options prices imply a move of about 16% either way over the next month. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give VEEV?
The calibrated range for VEEV over 63 trading days is $262.87 to $379.90. It sits around the last close, and its width comes from the volatility that VEEV's own options imply (56% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $184.31 to $345.55. In 28% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. The company is classed under Technology, Application Software.
Faircurve's model put the fair value at $253.69 a share on 31 Oct 2026, the midpoint of 2,000 simulations. This is down 11.2% from $285.55 on the previous run, on 24 Oct 2026. The model says most of the move came from shifting weight between the company's own multiple and its peers'. The calibrated range over 63 trading days runs from $266.36 to $375.22, built from the volatility the stock's own options imply. Ranges built this way held the price 60% of the time at this horizon. The evidence grade is Medium, and it does not say whether the fair value is right.
Veeva scores 67 out of 100 on quality against comparable companies, the model's composite of six factors. Profitability stands out most, at 100, with ROIC of 13.7% against a peer median of 8.5%. Earnings quality is lowest at 35, with FCF to net income of 1.62x against a peer median of 2.27x. The balance sheet scores 75, with net debt to EBITDA of -1.28x against a peer median of -0.24x. The model compares Veeva with Autodesk, Roper Technologies, Datadog and Intuit, each of which has a fair value on the site.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does VEEV report earnings, and how has the stock reacted?
Veeva Systems's next earnings report is scheduled for 25 Nov 2026. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 8.9% in either direction through the nearest expiry, about 14 days out. That is the size the market is pricing, not a direction. VEEV's 30 day implied volatility works out to about 16.0% over one month.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across VEEV's last 8 reports, ignoring direction, was 6.7%.
What the options market has priced for a month's move in VEEV
How does VEEV score on business quality?
Veeva Systems's overall quality score is 67 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 100 | 13.7%ROIC | 8.5% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 35 | 1.62xFCF / net income | 2.27x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 59 | 16.3%Revenue growth, trailing | 18.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 65 | 1.3%Net buybacks / market value | 3.9% |
| Balance sheetNet debt to EBITDA and interest coverage. | 75 | -1.28xNet debt / EBITDA | -0.24x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 63 | 3.3 ptsEBITDA margin downside volatility, 5y | 4.1 pts |
How does VEEV compare with similar companies?
The companies in application software closest to Veeva Systems in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| ADSK Autodesk, Inc. | $269.16 | $338.38 | +25.7% | Undervalued |
| MSTR Strategy Inc | $129.30 | $108.44 | -16.1% | Low evidence grade |
| WDAY Workday, Inc. | $200.17 | $210.63 | +5.2% | Low evidence grade |
| ROP Roper Technologies, Inc. | $490.96 | $454.34 | -7.5% | Fairly valued |
| APP AppLovin Corporation | $356.10 | $312.81 | -12.2% | Low evidence grade |
| DDOG Datadog, Inc. | $174.60 | $181.14 | +3.7% | Fairly valued |
| CDNS Cadence Design Systems, Inc. | $311.43 | $344.17 | +10.5% | Low evidence grade |
| INTU Intuit Inc. | $354.84 | $390.11 | +9.9% | Fairly valued |
What the comparable companies' multiples alone would give for VEEV, the peer-implied price, is $167.62 a share on this run. The fair value weighs that against the company's own multiple.
Veeva Systems at a glance
Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry.
- Market value
- $50.7B
- Sector
- Technology
- Industry
- Application Software
- Revenue expected, next twelve months
- $4.0B
- Consensus revenue growth, next fiscal year
- +15.5%
- Analysts with estimates
- 17
- Beta to the US market
- 0.54
- First valued by Faircurve
- 16 May 2026
At the close of 5 Nov 2026, 56.0% of the 1,065 graded US stocks the model covers traded below the model's fair value. VEEV was not among them.
How the fair value is worked out: the model prices Veeva Systems on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for VEEV was $285.55. As of 31 Oct 2026 it is $253.69, a change of -11.2%. The model shifted weight between the company's own multiple and its peers': most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Veeva Systems's valuation
Is Veeva Systems stock undervalued or overvalued?
On Faircurve's model, VEEV reads as Overvalued as of 31 Oct 2026. The model's fair value is $253.69 a share against a last close of $310.10, a gap of -18.2%.
What is VEEV's fair value?
$253.69 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $184.31 to $345.55.
What price range does the model give VEEV?
$262.87 to $379.90 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Veeva Systems report earnings next?
The next report is scheduled for 25 Nov 2026. Companies can move their dates.
How much has VEEV moved on past earnings reports?
Across its last 8 reports the median two session move was 6.7%, ignoring direction. The largest was +14.3% around the report of 26 Aug 2026.
How confident is the model in this valuation?
The model's evidence grade for VEEV is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on VEEV
The model holds no idea open on VEEV today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on VEEV with their outcomes. A free account is enough.