VECO
Veeco Instruments
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: VECO
- PE Ratio
As of Jun 23, 2026, the Veeco Instruments stock's PE ratio is 191.9. This takes into account the latest EPS of $0.39 and stock price of $74.84. The PE ratio has grown by 307% from its last 4 quarters average of 47.2.
VECO PE ratio history
The PE ratio of Veeco Instruments has averaged 36.08 over the last five years. The current P/E ratio of 191.9 is 432% higher than the historical average. Looking back at the last five years, VECO's PE ratio peaked in the Jun 2021 quarter at 126.53, when the price was $24.04 and the EPS was $0.19. The lowest point was in the Dec 2022 quarter, when it reached 5.55 with a price of $18.58 and an EPS of $3.35.
Veeco Instruments PE ratio by year
Maximum annual increase: 472.36% in 2012
Maximum annual decrease: -89.67% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 47.63 | 132.8% | $28.58 | $0.6 |
| 2024 | 20.46 | N/A | $26.8 | $1.31 |
| 2023 | N/A | N/A | $31.03 | -$0.56 |
| 2022 | 5.55 | -89.67% | $18.58 | $3.35 |
| 2021 | 53.72 | N/A | $28.47 | $0.53 |
| 2020 | N/A | N/A | $17.36 | -$0.17 |
| 2019 | N/A | N/A | $14.69 | -$1.66 |
| 2018 | N/A | N/A | $7.41 | -$8.63 |
| 2017 | N/A | N/A | $14.85 | -$1.16 |
| 2016 | N/A | N/A | $29.15 | -$3.1 |
| 2015 | N/A | N/A | $20.56 | -$0.8 |
| 2014 | N/A | N/A | $34.88 | -$1.7 |
| 2013 | N/A | N/A | $32.91 | -$1.09 |
| 2012 | 36.86 | 472.36% | $29.49 | $0.8 |
| 2011 | 6.44 | 37.31% | $20.8 | $3.23 |
Veeco Instruments PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 86.82 | 82.28% | $33.86 | $0.39 |
| Dec 2025 | 47.63 | 34.62% | $28.58 | $0.6 |
| Sep 2025 | 35.38 | 86.31% | $30.43 | $0.86 |
| Jun 2025 | 18.99 | 7.84% | $20.32 | $1.07 |
| Mar 2025 | 17.61 | -13.93% | $20.08 | $1.14 |
| Dec 2024 | 20.46 | -9.23% | $26.8 | $1.31 |
| Sep 2024 | 22.54 | -26.65% | $33.13 | $1.47 |
| Jun 2024 | 30.73 | N/A | $46.71 | $1.52 |
| Mar 2024 | N/A | N/A | $35.17 | -$0.36 |
| Dec 2023 | N/A | N/A | $31.03 | -$0.56 |
| Sep 2023 | 17.68 | -0.17% | $28.11 | $1.59 |
| Jun 2023 | 17.71 | 172.46% | $25.68 | $1.45 |
| Mar 2023 | 6.5 | 17.12% | $21.13 | $3.25 |
| Dec 2022 | 5.55 | -71.83% | $18.58 | $3.35 |
| Sep 2022 | 19.7 | -17.75% | $18.32 | $0.93 |
VECO Price vs fair value
VECO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, VECO's PE ratio is higher than its 3, 5 and 10-year averages.
PE comparison
Veeco Instruments's price to earnings (P/E) of 191.9 is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 36.24, Veeco Instruments's price to earnings (P/E) is 430% higher.
VECO PE vs peers
In comparison to its peer stocks AMAT and LRCX, VECO's PE ratio is higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AMAT Applied Materials Inc | 54.76 | $465.16B |
| LRCX Lam Research Corp | 69.8 | $464.37B |
| VECO Veeco Instruments Inc | 191.9 | $4.57B |
| AXTI Axt Inc | N/A | $5.1B |
Frequently asked questions
What is Veeco Instruments's PE ratio?
VECO's price to earnings ratio is 191.9 as of Jun 23, 2026.
What is the 3-year average PE ratio for Veeco Instruments (VECO)?
As an average over the last 3 years, VECO stock has a PE ratio of 31.56.
What is the 5-year average PE ratio for Veeco Instruments (VECO)?
As an average over the last 5 years, VECO stock has a PE ratio of 36.08.
What is the highest PE ratio for VECO?
Within the last five years, the current PE ratio is at its peak with a value of 191.9.
How does the current PE ratio for VECO compare to its historical average?
VECO's price to earnings ratio is currently 432% above its 5-year historical average.
Why is Veeco Instruments's PE ratio so high?
VECO's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
How is VECO's PE ratio calculated (Veeco Instruments PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 23, 2026), Veeco Instruments's share price is $74.84. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $0.39. Therefore, Veeco Instruments's PE ratio for today is 191.9. PE RATIO(191.9) = STOCK PRICE($74.84) / TTM EPS($0.39)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.