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Veeva Systems (LTS:0LO3) Cyclically Adjusted PS Ratio : 19.41 (As of Jun. 01, 2024)


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What is Veeva Systems Cyclically Adjusted PS Ratio?

As of today (2024-06-01), Veeva Systems's current share price is $172.5395. Veeva Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 was $8.89. Veeva Systems's Cyclically Adjusted PS Ratio for today is 19.41.

The historical rank and industry rank for Veeva Systems's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0LO3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 20.56   Med: 26.95   Max: 59.7
Current: 22.04

During the past years, Veeva Systems's highest Cyclically Adjusted PS Ratio was 59.70. The lowest was 20.56. And the median was 26.95.

LTS:0LO3's Cyclically Adjusted PS Ratio is ranked worse than
99.42% of 342 companies
in the Healthcare Providers & Services industry
Industry Median: 1.205 vs LTS:0LO3: 22.04

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Veeva Systems's adjusted revenue per share data for the three months ended in Apr. 2024 was $3.956. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $8.89 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veeva Systems Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Veeva Systems's Cyclically Adjusted PS 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.

* Premium members only.

Veeva Systems Cyclically Adjusted PS Ratio Chart

Veeva Systems Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 42.23 24.63 24.78

Veeva Systems Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.53 26.65 23.99 24.78 22.53

Competitive Comparison of Veeva Systems's Cyclically Adjusted PS Ratio

For the Health Information Services subindustry, Veeva Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Veeva Systems's Cyclically Adjusted PS Ratio falls into.



Veeva Systems Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Veeva Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=172.5395/8.89
=19.41

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Veeva Systems's adjusted Revenue per Share data for the three months ended in Apr. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=3.956/131.7762*131.7762
=3.956

Current CPI (Apr. 2024) = 131.7762.

Veeva Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201407 0.528 100.520 0.692
201410 0.581 100.176 0.764
201501 0.602 98.604 0.805
201504 0.621 99.824 0.820
201507 0.677 100.691 0.886
201510 0.737 100.346 0.968
201601 0.787 99.957 1.038
201604 0.822 100.947 1.073
201607 0.893 101.524 1.159
201610 0.968 101.988 1.251
201701 1.051 102.456 1.352
201704 1.058 103.167 1.351
201707 1.091 103.278 1.392
201710 1.147 104.070 1.452
201801 1.204 104.578 1.517
201804 1.262 105.708 1.573
201807 1.349 106.324 1.672
201810 1.440 106.695 1.779
201901 1.476 106.200 1.831
201904 1.550 107.818 1.894
201907 1.682 108.250 2.048
201910 1.770 108.577 2.148
202001 1.961 108.841 2.374
202004 2.114 108.173 2.575
202007 1.897 109.318 2.287
202010 2.335 109.861 2.801
202101 2.459 110.364 2.936
202104 2.673 112.673 3.126
202107 2.799 115.183 3.202
202110 2.920 116.696 3.297
202201 3.013 118.619 3.347
202204 3.119 121.978 3.370
202207 3.295 125.002 3.474
202210 3.403 125.734 3.567
202301 3.453 126.223 3.605
202304 3.239 127.992 3.335
202307 3.615 128.974 3.694
202310 3.765 129.810 3.822
202401 3.832 130.124 3.881
202404 3.956 131.776 3.956

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Veeva Systems  (LTS:0LO3) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Veeva Systems Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Veeva Systems's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Veeva Systems (LTS:0LO3) Business Description

Address
4280 Hacienda Drive, Pleasanton, CA, USA, 94588
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.

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