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Veeva SystemsWBO:VEEV -0.37%99 Cyclically Adjusted PS Ratio is 21.94 as of Aug. 31, 2026, which is 10% below its 10-year median of 24.30. GuruFocus rates WBO:VEEV with a GF Score™ of 99/100 and a GF Value™ of €250.59 (Fairly Valued). The stock has 2 warning signs investors should review. Among 361 Healthcare Providers & Services companies, Veeva Systems ranks worse than 98.89% on this metric.
The historical rank and industry rank for Veeva Systems's Cyclically Adjusted PS Ratio or its related term are showing as below:
WBO:VEEV'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 12.28 Med: 24.3 Max: 37.7
Current: 21.36
During the past years, Veeva Systems's highest Cyclically Adjusted PS Ratio was 37.70. The lowest was 12.28. And the median was 24.30.
WBO:VEEV's Cyclically Adjusted PS Ratio is ranked worse than 98.89% of 361
companies
in the Healthcare Providers & Services industry
Industry Median: 1.18
vs WBO:VEEV: 21.36
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Veeva Systems's adjusted revenue per share data for the three months ended in Jul. 2026 was €4.919. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €11.11 for the trailing ten years ended in Jul. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Veeva Systems (WBO:VEEV) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Veeva Systems Cyclically Adjusted PS Ratio Related Terms
Veeva Systems Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Veeva Systems's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
WBO:VEEV vs BTSG, TEM, TXG: Cyclically Adjusted PS Ratio Comparison
For the Health Information Services subindustry, Veeva Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Veeva Systems Cyclically Adjusted PS Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Veeva Systems's Cyclically Adjusted PS Ratio falls into.
Veeva Systems Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Veeva Systems's Cyclically Adjusted PS Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 21.94 mean?
Veeva Systems (WBO:VEEV) has a Cyclically Adjusted PS Ratio of 21.94 as of Aug. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Veeva Systems and its competitors. This is 10% below median its historical median of 24.30. Over the past decade, Veeva Systems' Cyclically Adjusted PS Ratio has ranged from 12.28 to 37.70. According to the industry distribution chart, Veeva Systems ranks #357 out of 361 companies in the Healthcare Providers & Services industry, placing it in the top 98.9%.
Is Veeva Systems' Cyclically Adjusted PS Ratio too high?
Veeva Systems' current Cyclically Adjusted PS Ratio of 21.94 is 10% below median its 10-year median of 24.30. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 37.70. The Healthcare Providers & Services industry median Cyclically Adjusted PS Ratio is 1.18. Veeva Systems' value of 21.94 is 1759.3% above this industry median. Based on the distribution chart, Veeva Systems ranks #357 out of 361 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Veeva Systems has a GF Score™ of 99/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Veeva Systems' Cyclically Adjusted PS Ratio compare to BTSG and TEM?
According to the Healthcare Providers & Services industry distribution chart, Veeva Systems ranks #357 out of 361 companies for Cyclically Adjusted PS Ratio. This places Veeva Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.18. Veeva Systems' value of 21.94 is 1759.3% above this benchmark. Historically, Veeva Systems' own Cyclically Adjusted PS Ratio has ranged from 12.28 to 37.70 over the past decade. While the company's 10-year median is 24.30 vs. the industry median of 1.18, Veeva Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Healthcare Providers & Services company?
The median Cyclically Adjusted PS Ratio among Healthcare Providers & Services companies is 1.18, based on 361 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veeva Systems's current Cyclically Adjusted PS Ratio of 21.94 is 1759.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Veeva Systems and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PS Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeva Systems's current Cyclically Adjusted PS Ratio is 21.94, which is 10% below median its own 10-year median of 24.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeva Systems stock overvalued right now?
Based on GuruFocus' analysis, Veeva Systems (WBO:VEEV) is currently considered Fairly Valued. The stock's GF Value™ is €250.59, compared to a current price of €243.80 — trading 2.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 21.94, which is 10% below median its 10-year median of 24.30 and 1759.3% above the Healthcare Providers & Services industry median of 1.18. Veeva Systems' overall GF Score™ is 99/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Veeva Systems (WBO:VEEV), the current Cyclically Adjusted PS Ratio is 21.94 as of Aug. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Veeva Systems (WBO:VEEV) Overvalued in 2026?
Based on GuruFocus' analysis, Veeva Systems stock appears to be undervalued.
The current stock price of €243.80 is trading 2.7% below its estimated GF Value™ of €250.59.
GuruFocus considers Veeva Systems to be Fairly Valued.
Key valuation signals for WBO:VEEV:
Cyclically Adjusted PS Ratio: 21.94 (10% below median its 10-year median of 24.30)
GF Value™: €250.59 vs. price of €243.80 (2.7% below fair value)
Industry Position: 1759.3% above the Healthcare Providers & Services median (#357 of 361)
No single metric tells the full story. See the WBO:VEEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
99GF Score
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