Veeco InstrumentsFRA:VEO +4.94%56 PB Ratio is 5.19 as of Jun. 26, 2026, which is 172% above its 10-year median of 1.91. GuruFocus rates FRA:VEO with a GF Score™ of 56/100 and a GF Value™ of €25.70 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,000 Semiconductors companies, Veeco Instruments ranks worse than 61.7% on this metric.
Veeco Instruments Inc stock PB Ratio (=5.22) is close to 10-year high of 5.5.
The historical rank and industry rank for Veeco Instruments's PB Ratio or its related term are showing as below:
FRA:VEO'
s PB Ratio Range Over the Past 10 Years
Min: 0.54 Med: 1.91 Max: 5.5
Current: 5.22
During the past 13 years, Veeco Instruments's highest PB Ratio was 5.50. The lowest was 0.54. And the median was 1.91.
FRA:VEO's PB Ratio is ranked worse than 61.7% of 1000
companies
in the Semiconductors industry
Industry Median: 3.765
vs FRA:VEO: 5.22
During the past 12 months, Veeco Instruments's average Book Value Per Share Growth Rate was 4.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Veeco Instruments was 41.00% per year. The lowest was -22.20% per year. And the median was -1.60% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Veeco Instruments PB Ratio Related Terms
Veeco Instruments PB Ratio Historical Data
* Premium members only.
The historical data trend for Veeco Instruments's PB 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.
For the Semiconductor Equipment & Materials subindustry, Veeco Instruments's PB Ratio, along with its competitors' market caps and PB 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.
Veeco Instruments PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Veeco Instruments's PB Ratio distribution charts can be found below:
* The bar in red indicates where Veeco Instruments's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Veeco Instruments (FRA:VEO) has a PB Ratio of 5.19 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Veeco Instruments and its competitors. This is 172% above median its historical median of 1.91. Over the past decade, Veeco Instruments' PB Ratio has ranged from 0.54 to 5.50. According to the industry distribution chart, Veeco Instruments ranks #617 out of 1000 companies in the Semiconductors industry, placing it in the top 61.7%.
Is Veeco Instruments' PB Ratio too high?
Veeco Instruments' current PB Ratio of 5.19 is 172% above median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 5.50. The Semiconductors industry median PB Ratio is 3.77. Veeco Instruments' value of 5.19 is 37.8% above this industry median. Based on the distribution chart, Veeco Instruments ranks #617 out of 1000 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Veeco Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veeco Instruments' PB Ratio compare to UCTT and AMBA?
According to the Semiconductors industry distribution chart, Veeco Instruments ranks #617 out of 1000 companies for PB Ratio. This places Veeco Instruments in the lower half of its industry. The industry median PB Ratio is 3.77. Veeco Instruments' value of 5.19 is 37.8% above this benchmark. Historically, Veeco Instruments' own PB Ratio has ranged from 0.54 to 5.50 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 3.77, Veeco Instruments 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 PB Ratio for a Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.77, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veeco Instruments's current PB Ratio of 5.19 is 37.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Veeco Instruments and its competitors. For the Semiconductors industry, the median PB Ratio is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeco Instruments's current PB Ratio is 5.19, which is 172% above median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeco Instruments stock overvalued right now?
Based on GuruFocus' analysis, Veeco Instruments (FRA:VEO) is currently considered Significantly Overvalued. The stock's GF Value™ is €25.70, compared to a current price of €65.02 — trading 153% above its estimated fair value. The current PB Ratio is 5.19, which is 172% above median its 10-year median of 1.91 and 37.8% above the Semiconductors industry median of 3.77. Veeco Instruments' overall GF Score™ is 56/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Veeco Instruments (FRA:VEO), the current PB Ratio is 5.19 as of Jun. 26, 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 Veeco Instruments (FRA:VEO) Overvalued in 2026?
Based on GuruFocus' analysis, Veeco Instruments stock appears to be overvalued.
The current stock price of €65.02 is trading 153% above its estimated GF Value™ of €25.70.
GuruFocus considers Veeco Instruments to be Significantly Overvalued.
Key valuation signals for FRA:VEO:
PB Ratio: 5.19 (172% above median its 10-year median of 1.91)
GF Value™: €25.70 vs. price of €65.02 (153% above fair value)
Industry Position: 37.8% above the Semiconductors median (#617 of 1000)
No single metric tells the full story. See the FRA:VEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The maximum of the company's revenue is generated from sales to the Semiconductor Industry and within China.
56GF Score
Get the complete analysis for FRA:VEO
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:VEO has been successfully added to your 
