Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Veeva SystemsVEEV -0.74%92 Earnings Yield (Joel Greenblatt) % is 5.25% as of Apr. 2026, which is 243% above its 10-year median of 1.53. GuruFocus rates VEEV with a GF Score™ of 92/100 and a GF Value™ of $291.96 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 683 Healthcare Providers & Services companies, Veeva Systems ranks worse than 54.9% on this metric.
Veeva Systems's Enterprise Value for the quarter that ended in Apr. 2026 was $18,205 Mil.
Veeva Systems's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $956 Mil. Veeva Systems's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 5.25%.
The historical rank and industry rank for Veeva Systems's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
VEEV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.57 Med: 1.53 Max: 5.24
Current: 2.98
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Veeva Systems was 5.24%. The lowest was 0.57%. And the median was 1.53%.
VEEV's Earnings Yield (Joel Greenblatt) % is ranked worse than 54.9% of 683
companies
in the Healthcare Providers & Services industry
Industry Median: 3.7
vs VEEV: 2.98
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Veeva Systems's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 20.03%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Veeva Systems (NYSE:VEEV) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Veeva Systems Earnings Yield (Joel Greenblatt) % Related Terms
Veeva Systems Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Veeva Systems's Earnings Yield (Joel Greenblatt) % 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.
Veeva Systems Earnings Yield (Joel Greenblatt) % Chart
For the Health Information Services subindustry, Veeva Systems's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Veeva Systems's Earnings Yield (Joel Greenblatt) % falls into.
Veeva Systems Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Veeva Systemss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2026 is calculated as
Veeva Systems's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $956 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.25% mean?
Veeva Systems (VEEV) has a Earnings Yield (Joel Greenblatt) % of 5.25% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Veeva Systems and its competitors. This is 243% above median its historical median of 1.53. Over the past decade, Veeva Systems' Earnings Yield (Joel Greenblatt) % has ranged from 0.57 to 5.24. According to the industry distribution chart, Veeva Systems ranks #375 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 54.9%.
Is Veeva Systems' Earnings Yield (Joel Greenblatt) % too high?
Veeva Systems' current Earnings Yield (Joel Greenblatt) % of 5.25% is 243% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 5.24. The Healthcare Providers & Services industry median Earnings Yield (Joel Greenblatt) % is 3.70. Veeva Systems' value of 5.25% is 41.9% above this industry median. Based on the distribution chart, Veeva Systems ranks #375 out of 683 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Veeva Systems has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veeva Systems' Earnings Yield (Joel Greenblatt) % compare to BTSG and HQY?
According to the Healthcare Providers & Services industry distribution chart, Veeva Systems ranks #375 out of 683 companies for Earnings Yield (Joel Greenblatt) %. This places Veeva Systems in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.70. Veeva Systems' value of 5.25% is 41.9% above this benchmark. Historically, Veeva Systems' own Earnings Yield (Joel Greenblatt) % has ranged from 0.57 to 5.24 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 3.70, 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 Earnings Yield (Joel Greenblatt) % for a Healthcare Providers & Services company?
The median Earnings Yield (Joel Greenblatt) % among Healthcare Providers & Services companies is 3.70, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veeva Systems's current Earnings Yield (Joel Greenblatt) % of 5.25% is 41.9% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Veeva Systems and its competitors. For the Healthcare Providers & Services industry, the median Earnings Yield (Joel Greenblatt) % is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeva Systems's current Earnings Yield (Joel Greenblatt) % is 5.25%, which is 243% above median its own 10-year median of 1.53. 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 (VEEV) is currently considered Modestly Undervalued. The stock's GF Value™ is $291.96, compared to a current price of $241.95 — trading 17.1% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.25%, which is 243% above median its 10-year median of 1.53 and 41.9% above the Healthcare Providers & Services industry median of 3.70. Veeva Systems' overall GF Score™ is 92/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Veeva Systems (VEEV), the current Earnings Yield (Joel Greenblatt) % is 5.25% as of Apr. 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 (VEEV) Overvalued in 2026?
Based on GuruFocus' analysis, Veeva Systems stock appears to be undervalued.
The current stock price of $241.95 is trading 17.1% below its estimated GF Value™ of $291.96.
GuruFocus considers Veeva Systems to be Modestly Undervalued.
Key valuation signals for VEEV:
Earnings Yield (Joel Greenblatt) %: 5.25% (243% above median its 10-year median of 1.53)
GF Value™: $291.96 vs. price of $241.95 (17.1% below fair value)
Industry Position: 41.9% above the Healthcare Providers & Services median (#375 of 683)
No single metric tells the full story. See the 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.
92GF Score
Get the complete analysis for VEEV
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
VEEV has been successfully added to your 
