---
title: Veeva Systems (VEEV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/veev
ticker: VEEV
as_of: 2026-10-17
sector: Technology
industry: Software - Application
---
# Veeva Systems (VEEV)

Veeva Systems (VEEV) closed at $310.36 on Oct 16, 2026, overvalued by 157% vs its model value of $120.63 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $310.36 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $120.63 |
| Price vs model | overvalued by 157% vs model |
| Range of that model | $83.17 – $246.00 |
| Market value | $50.3B |
| P/E (fiscal 2026) | 57.1 |
| Net margin (fiscal 2026) | 28.4% |
| Free cash flow (fiscal 2026) | $1.4B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 0.93 |
| Cost of capital (WACC) | 9.05% |
| Business classification | Profitable Growth (Moderate growth (~16% recent), High profitability (28% net margin)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week highs | #32 | −0.9% | https://sweetvaluelab.com/lists/near-52-week-highs |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $120.63 | $83.17 | $246.00 |
| DCF · Perpetuity growth · 10y | cross check | $139.07 | $96.52 | $279.62 |
| DCF · EBITDA exit · 5y | cross check | $131.28 | $98.25 | $170.09 |
| DCF · EBITDA exit · 10y | cross check | $148.98 | $109.40 | $201.50 |
| P/E · peers | cross check | $187.91 | $155.64 | $198.17 |
| P/E · own history | cross check | $348.05 | $303.07 | $375.07 |
| PEG | sanity check | $198.84 | $198.84 | $198.84 |
| EV/EBITDA · peers | cross check | $109.17 | $93.08 | $115.92 |
| EV/Revenue · peers | cross check | $81.85 | $68.42 | $95.73 |
| Earnings power value | cross check | $49.23 | $43.44 | $57.33 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 7 open-market sales ($3.4M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 14, 2026 | Faddis Jonathan | SVP, Gen. Counsel, Secretary | Open-market sell (10b5-1 plan) | 3,515 | $1.1M |
| Oct 14, 2026 | Faddis Jonathan | SVP, Gen. Counsel, Secretary | Open-market sell (10b5-1 plan) | 708 | $211,120.3 |
| Oct 14, 2026 | Faddis Jonathan | SVP, Gen. Counsel, Secretary | Open-market sell (10b5-1 plan) | 975 | $291,810.5 |
| Oct 1, 2026 | Zuppas Eleni Nitsa | President & Chief of Staff | Tax withholding | 1,110 | $312,942.3 |
| Oct 1, 2026 | Zuppas Eleni Nitsa | President & Chief of Staff | Option/RSU exercise | 2,181 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 27, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1393052/000139305226000036/veev-20260731.htm |
| Aug 26, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393052/000139305226000032/veev-20260826.htm |
| Aug 20, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393052/000121390026092096/ea0302765-8k_veeva.htm |
| Jun 18, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393052/000139305226000029/veev-20260617.htm |
| Jun 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1393052/000139305226000026/veev-20260430.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Terry Smith | 2026-06-30 | 816,785 | $145.0M |
| Jensen | 2026-06-30 | 449,489 | $79.8M |
| Francois Rochon | 2026-06-30 | 94,956 | $16.9M |
| Bridgewater | 2026-06-30 | 30,709 | $5.4M |

7 tracked managers in all.

## About

Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated suite of software, data, and analytics tools designed to optimize commercial operations. This includes vital applications such as Veeva Customer Relationship Management (CRM) and its specialized Medical CRM, Veeva Closed Loop Marketing (CLM), sophisticated analytics via Veeva CRM MyInsights, approved email communication with Veeva CRM Approved Email, digital engagement tools like Veeva CRM Engage, commercial alignment through Veeva Align, event management capabilities with Veeva…

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Source: https://sweetvaluelab.com/stocks/veev (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.