P/E ratio for Veeva Systems (VEEV)
P/E ratio as of April 2024 (TTM): 58.2
According to Veeva Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.2135. At the end of 2022 the company had a P/E ratio of 63.0.
P/E ratio history for Veeva Systems from 2013 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 63.0 | -29.92% |
| 2021 | 90.0 | -24.66% |
| 2020 | 119 | 77.42% |
| 2019 | 67.3 | 0.97% |
| 2018 | 66.7 | 15.76% |
| 2017 | 57.6 | -32.09% |
| 2016 | 84.8 | 11.68% |
| 2015 | 75.9 | -25.26% |
| 2014 | 102 | -68.49% |
| 2013 | 322 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 35.9 | -38.25% | 🇺🇸 USA |
 Cerner CERN | 47.5 | -18.47% | 🇺🇸 USA |
 Nuance Communications
NUAN | N/A | N/A | 🇺🇸 USA |
 Computer Programs and Systems CPSI | 27.8 | -52.16% | 🇺🇸 USA |
 HealthStream HSTM | 60.3 | 3.55% | 🇺🇸 USA |
 Model N
MODN | -26.0 | -144.63% | 🇺🇸 USA |
 Castlight Health
CSLT | N/A | N/A | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.