Veeva SystemsMEX:VEEV -0.79%93 PB Ratio is 4.25 as of Jul. 09, 2026, which is 58% below its 10-year median of 10.21. GuruFocus rates MEX:VEEV with a GF Score™ of 93/100 and a GF Value™ of MXN5,091.24 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 607 Healthcare Providers & Services companies, Veeva Systems ranks worse than 77.1% on this metric.
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. As of today (2026-07-09), Veeva Systems's share price is MXN3333.33. Veeva Systems's Book Value per Share for the quarter that ended in Apr. 2026 was MXN785.21. Hence, Veeva Systems's PB Ratio of today is 4.25.
The historical rank and industry rank for Veeva Systems's PB Ratio or its related term are showing as below:
MEX:VEEV'
s PB Ratio Range Over the Past 10 Years
Min: 3.42 Med: 10.21 Max: 23.59
Current: 4.26
During the past 13 years, Veeva Systems's highest PB Ratio was 23.59. The lowest was 3.42. And the median was 10.21.
MEX:VEEV's PB Ratio is ranked worse than 77.1% of 607
companies
in the Healthcare Providers & Services industry
Industry Median: 2.02
vs MEX:VEEV: 4.26
During the past 12 months, Veeva Systems's average Book Value Per Share Growth Rate was 17.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 23.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 28.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Veeva Systems was 274.70% per year. The lowest was 23.30% per year. And the median was 29.45% 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.
Veeva Systems PB Ratio Related Terms
Veeva Systems PB Ratio Historical Data
* Premium members only.
The historical data trend for Veeva Systems'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 Health Information Services subindustry, Veeva Systems'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.
Veeva Systems PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's PB Ratio distribution charts can be found below:
* The bar in red indicates where Veeva Systems'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.
Veeva Systems's PB Ratio for today is calculated as follows:
* 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.
Veeva Systems (MEX:VEEV) has a PB Ratio of 4.25 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Veeva Systems and its competitors. This is 58% below median its historical median of 10.21. Over the past decade, Veeva Systems' PB Ratio has ranged from 3.42 to 23.59. According to the industry distribution chart, Veeva Systems ranks #468 out of 607 companies in the Healthcare Providers & Services industry, placing it in the top 77.1%.
Is Veeva Systems' PB Ratio too high?
Veeva Systems' current PB Ratio of 4.25 is 58% below median its 10-year median of 10.21. Over the past 10 years, this metric has ranged from a low of 3.42 to a high of 23.59. The Healthcare Providers & Services industry median PB Ratio is 2.02. Veeva Systems' value of 4.25 is 110.4% above this industry median. Based on the distribution chart, Veeva Systems ranks #468 out of 607 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. 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' PB Ratio compare to BTSG and TEM?
According to the Healthcare Providers & Services industry distribution chart, Veeva Systems ranks #468 out of 607 companies for PB Ratio. This places Veeva Systems in the lower half of its industry. The industry median PB Ratio is 2.02. Veeva Systems' value of 4.25 is 110.4% above this benchmark. Historically, Veeva Systems' own PB Ratio has ranged from 3.42 to 23.59 over the past decade. While the company's 10-year median is 10.21 vs. the industry median of 2.02, 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 PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 2.02, based on 607 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. Veeva Systems's current PB Ratio of 4.25 is 110.4% 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 Veeva Systems and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeva Systems's current PB Ratio is 4.25, which is 58% below median its own 10-year median of 10.21. 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 MXN5,091.24, compared to a current price of MXN3,333.33 — trading 34.5% below its estimated fair value. The current PB Ratio is 4.25, which is 58% below median its 10-year median of 10.21 and 110.4% above the Healthcare Providers & Services industry median of 2.02. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Veeva Systems (MEX:VEEV), the current PB Ratio is 4.25 as of Jul. 09, 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 34.5% below its estimated GF Value™ of MXN5,091.24.
GuruFocus considers Veeva Systems to be Significantly Undervalued.
Key valuation signals for MEX:VEEV:
PB Ratio: 4.25 (58% below median its 10-year median of 10.21)
GF Value™: MXN5,091.24 vs. price of MXN3,333.33 (34.5% below fair value)
Industry Position: 110.4% above the Healthcare Providers & Services median (#468 of 607)
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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