Veeva Systems Inc - Class A currently trades with a PEG ratio of 1.87, based on Aug 5, 2026 data. Dividing the 37.07 PE ratio by the 19.8% earnings growth rate produces this figure. Relative to the 1.66 average from the past four quarters, the PEG ratio rose by 13%.
Historically, Veeva Systems Inc - Class A has a PEG ratio averaging 3.59 across the last ten years. At 1.87, today's PEG ratio sits 48% less than its historical average. The ten years high came in the Jan 2024 quarter at 15.47, reflecting peak valuation relative to growth. The bottom was reached in the Jul 2017 quarter at 0.52, suggesting attractive value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2026 | 1.42 | 36.74 | 25.9% |
| 2025 | 1.52 | 52.89 | 34.9% |
| 2024 | 15.47 | 63.43 | 4.1% |
| 2023 | 4.35 | 54.32 | 12.5% |
| 2022 | 7.92 | 84.78 | 10.7% |
| 2021 | 4.67 | 109.7 | 23.5% |
| 2020 | 2.54 | 71.87 | 28.3% |
| 2019 | 1.45 | 68.59 | 47.2% |
| 2018 | 0.65 | 58.2 | 89.5% |
| 2017 | 1.9 | 74.26 | 39% |
| 2016 | 1.82 | 58.78 | 32.3% |
| 2015 | 1.69 | 92.77 | 55% |
| 2014 | 9.03 | 158.95 | 17.6% |
| 2013 | N/A | N/A | 466.7% |
| 2012 | N/A | N/A | 0% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Apr 2026 | 1.37 | 27.08 | 19.8% |
| Jan 2026 | 1.42 | 36.74 | 25.9% |
| Oct 2025 | 1.98 | 55.26 | 27.9% |
| Jul 2025 | 1.86 | 57.07 | 30.7% |
| Apr 2025 | 1.23 | 48.58 | 39.4% |
| Jan 2025 | 1.52 | 52.89 | 34.9% |
| Oct 2024 | 3.29 | 50.69 | 15.4% |
| Jul 2024 | 4.54 | 50.38 | 11.1% |
| Apr 2024 | 13.7 | 57.55 | 4.2% |
| Jan 2024 | 15.47 | 63.43 | 4.1% |
| Oct 2023 | 1.37 | 53.98 | 39.5% |
| Jul 2023 | 1.73 | 59.54 | 34.5% |
| Apr 2023 | 2.3 | 54.1 | 23.5% |
| Jan 2023 | 4.35 | 54.32 | 12.5% |
| Oct 2022 | N/A | 65.6 | -9.9% |
Measured against past performance, VEEV's PEG ratio is lower than the 3, 5 and 10-year averages.
With a PEG of 1.87, VEEV stands higher than the Healthcare sector and the industry average. Looking at the Healthcare sector average of 0.58, Veeva Systems Inc - Class A's PEG is 222% higher.
Relative to its peers, VEEV's PEG ratio is lower than HSTM's yet above MSFT's and NTCT's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| NTCT Netscout Systems Inc | 0.24 | $2.93B |
| MSFT Microsoft Corporation | 0.86 | $3.62T |
| VEEV Veeva Systems Inc - Class A | 1.87 | $34.68B |
| HSTM Healthstream Inc | 6.64 | $818.32M |
| SPSC Sps Commerce Inc | N/A | $2.61B |
Based on Aug 5, 2026 data, VEEV has a PEG ratio of 1.87.
VEEV's 3-year PEG ratio average is 4.34.
VEEV's 5-year PEG ratio average is 4.29.
VEEV's PEG ratio topped out at 15.47 during the Jan 2024 quarter - the highest in ten years.
Compared to the 10-year average, VEEV's PEG ratio stands 48% lower.
The PEG ratio derives from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Aug 5, 2026, Veeva Systems Inc - Class A has a PE ratio of 37.07. Earnings grew at 19.8% over the TTM period ending Apr 2026. Applying the formula, this gives a PEG ratio of 1.87. PEG RATIO(1.87) = PE RATIO(37.07) / EPS GROWTH(19.8%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.