Stock fact sheet · data as of
Veeva Systems Inc. (VEEV): fair value, margin of safety and Wheel Score
Technology · Software - Application · United States · High Growth
Is VEEV undervalued?
Veeva Systems Inc. (VEEV) closed at 297.35 on 16 Oct 2026, 68% above the GLS average fair value of 177.09. 7 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The 8 models disagree widely: EPV gives 69.45 while Payback Time gives 356.96. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files VEEV under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for VEEV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 129.33 | -57% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 80.24 | -73% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 195.94 | -34% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 73.63 | -75% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 269.43 | -9% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 241.70 | -19% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 356.96 | +20% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 69.45 | -77% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 38.37 | -87% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 290.50 | -2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - VEEV passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.8 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are high - ROIC 12.4%, ROE 12.6%, ROA 10.1% - with debt at 0.01 times equity and a free-cash-flow yield of 3.4%.
Veeva Systems Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Subscription Services Veeva Commercial… 85%, Professional Services Veeva Commercial… 15% (quarter Q2 FY2027).
Institutional ownership scores 10/10, insider activity 3/10 and Congressional trading 10/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 12.4% |
|---|---|---|---|
| GLS Moat | 8.8 / 10 | ROE | 12.6% |
| Debt / equity | 0.01 | ROA | 10.1% |
| Free-cash-flow yield | 3.4% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 3 · 10 / 10 |
Wheel Score 63: Fair
VEEV scores 63 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 0/25, Health 11/20, Moat 13/15, Premium 20/20, Stability 19/20. Value (0/25) is where the points are missing.
Implied volatility is 50% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 40,084 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.2M shares a day on a market cap of $48.3B, with a beta of 0.93; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -68% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 13 / 15 | moat 8.8/10 | |
| Premium | 20 / 20 | implied volatility 50% | |
| Stability | 19 / 20 | 1.2M shares/day, $48.3B cap, beta 0.93 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 25 Nov 2026 (after the close), 40 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Veeva Systems Inc. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WDAY Workday, Inc. | 188.77 | 170.58 | -11% | 76Good | $49.4B |
| ADSK Autodesk, Inc. | 245.16 | 212.18 | -16% | 77Good | $51.2B |
| NBIS Nebius Group N.V. | 188.41 | 9.50 | -1883% | 50Fair | $45.2B |
| TEAM Atlassian Corporation | 204.66 | 93.16 | -120% | 45Weak | $51.8B |
| MSTR Strategy Inc | 151.29 | - | - | 45Weak | $60.9B |
| ROP Roper Technologies, Inc. | 372.69 | 587.95 | +37% | 92Prime | $36.9B |
| BSP Bending Spoons S.p.A. | 55.77 | 17.35 | -221% | 32Weak | $35.4B |
| STRC Strategy Inc | 99.74 | - | - | 38Weak | $33.0B |
| STRF MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock | 103.34 | - | - | 35Weak | $30.7B |
| ZM Zoom Communications, Inc. | 94.47 | 199.41 | +53% | 86Prime | $27.7B |
| INTU Intuit Inc. | 330.17 | 478.07 | +31% | 93Prime | $88.2B |
| CDNS Cadence Design Systems, Inc. | 324.38 | 109.99 | -195% | 62Fair | $89.3B |
Screen the whole market the same way
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Start free See the Sunday ScanQuestions about VEEV
Is VEEV undervalued right now?
No: at 297.35 the stock trades 68% above the GLS average fair value of 177.09 (data as of 16 Oct 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of VEEV and what does it mean?
VEEV scores 63 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for VEEV?
177.09 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Veeva Systems Inc. report earnings next?
The next earnings report is due on 25 Nov 2026 (after the close), 40 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does VEEV have listed options, and how liquid are they?
Yes. The nightly snapshot found 864 listed contracts with 40,084 open interest across all expiries and implied volatility of 50% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.