Veeva SystemsMEX:VEEV 93 Net Current Asset Value is MXN670.58 as of Apr. 2026, which is 100% below its 10-year median of 13.14. GuruFocus rates MEX:VEEV with a GF Score™ of 93/100 and a GF Value™ of MXN5,118.88 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 273 Healthcare Providers & Services companies, Veeva Systems ranks better than 57.14% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Veeva Systems's net current asset value per share for the quarter that ended in Apr. 2026 was MXN670.58.
The historical rank and industry rank for Veeva Systems's Net Current Asset Value or its related term are showing as below:
MEX:VEEV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.07 Med: 13.14 Max: 32.54
Current: 4.97
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Veeva Systems was 32.54. The lowest was 4.07. And the median was 13.14.
MEX:VEEV's Price-to-Net-Current-Asset-Value is ranked better than 57.14% of 273
companies
in the Healthcare Providers & Services industry
Industry Median: 6.01
vs MEX:VEEV: 4.97
Veeva Systems (MEX:VEEV) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Veeva Systems Net Current Asset Value Related Terms
Veeva Systems Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Veeva Systems's Net Current Asset Value 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.
MEX:VEEV vs BTSG, TEM, HQY: Net Current Asset Value Comparison
For the Health Information Services subindustry, Veeva Systems's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Veeva Systems's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of MXN670.58 mean?
Veeva Systems (MEX:VEEV) has a Net Current Asset Value of MXN670.58 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Veeva Systems and its competitors. This is 5003% above median its historical median of 13.14. Over the past decade, Veeva Systems' Net Current Asset Value has ranged from 4.07 to 32.54. According to the industry distribution chart, Veeva Systems ranks #117 out of 273 companies in the Healthcare Providers & Services industry, placing it in the top 42.9%.
Is Veeva Systems' Net Current Asset Value too high?
Veeva Systems' current Net Current Asset Value of MXN670.58 is 5003% above median its 10-year median of 13.14. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 32.54. Based on the distribution chart, Veeva Systems ranks #117 out of 273 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Veeva Systems has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veeva Systems' Net Current Asset Value compare to BTSG and TEM?
According to the Healthcare Providers & Services industry distribution chart, Veeva Systems ranks #117 out of 273 companies for Net Current Asset Value. This puts Veeva Systems in the upper half of its industry. The industry median Net Current Asset Value is 6.01. Historically, Veeva Systems' own Net Current Asset Value has ranged from 4.07 to 32.54 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Healthcare Providers & Services company?
The median Net Current Asset Value among Healthcare Providers & Services companies is 6.01, based on 273 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Veeva Systems and its competitors. For the Healthcare Providers & Services industry, the median Net Current Asset Value is 6.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeva Systems's current Net Current Asset Value is MXN670.58, which is 5003% above median its own 10-year median of 13.14. 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 (MEX:VEEV) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN5,118.88, compared to a current price of MXN3,333.33 — trading 34.9% below its estimated fair value. The current Net Current Asset Value is MXN670.58, which is 5003% above median its 10-year median of 13.14. Veeva Systems' overall GF Score™ is 93/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Veeva Systems (MEX:VEEV), the current Net Current Asset Value is MXN670.58 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 (MEX:VEEV) Overvalued in 2026?
Based on GuruFocus' analysis, Veeva Systems stock appears to be undervalued.
The current stock price of MXN3,333.33 is trading 34.9% below its estimated GF Value™ of MXN5,118.88.
GuruFocus considers Veeva Systems to be Significantly Undervalued.
Key valuation signals for MEX:VEEV:
Net Current Asset Value: MXN670.58 (5003% above median its 10-year median of 13.14)
GF Value™: MXN5,118.88 vs. price of MXN3,333.33 (34.9% below fair value)
No single metric tells the full story. See the MEX: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.
93GF Score
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