Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 11.78x is 14% below its estimated 5-year average of 13.67x, near the low end of its estimated 5-year range (7.12x–31.22x).
As of 2026-09-10T20:00:03.000Z. 6.17% above its estimated 12-month average of 11.10x.
Quote observation: 2026-09-10T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 1335f1666f11d18125e93a485d8c577ed61d8a15e2b296e18b2c748cb200d1f0
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-09.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
11.78x
EV/SALES RATIO AVG TTM
11.10x
EV/SALES RATIO AVG 3Y
13.02x
EV/SALES RATIO AVG 5Y
13.67x
EV/SALES RATIO AVG 10Y
17.79x
EV/SALES RATIO AVG 15Y
N/A
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+6.17%
CURRENT VS 3Y AVG
-9.49%
CURRENT VS 5Y AVG
-13.82%
CURRENT VS 10Y AVG
-33.80%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.64x
median of 187 covered companies
CURRENT VS SECTOR MEDIAN
+77.41%
vs the sector median at left
Veeva Systems Inc.
Market Cap
$42.39B
EV/Sales Ratio
11.78x
TTM Avg
11.10x
3Y Avg
13.02x
5Y Avg
13.67x
Market Cap
$40.57B
EV/Sales Ratio
6.30x
TTM Avg
6.98x
3Y Avg
6.39x
5Y Avg
5.82x
Market Cap
$45.29B
EV/Sales Ratio
3.53x
TTM Avg
3.21x
3Y Avg
2.48x
5Y Avg
2.59x
Market Cap
$39.21B
EV/Sales Ratio
6.06x
TTM Avg
6.63x
3Y Avg
8.91x
5Y Avg
9.44x
Market Cap
$38.87B
EV/Sales Ratio
8.59x
TTM Avg
10.26x
3Y Avg
8.16x
5Y Avg
7.69x
Market Cap
$47.17B
EV/Sales Ratio
7.18x
TTM Avg
5.44x
3Y Avg
9.99x
5Y Avg
15.17x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeva Systems Inc. (VEEV) | $42.39B | 11.78x | 11.10x | 13.02x | 13.67x |
| Strategy Inc (MSTR)vs › | $42.53B | N/A | 124.58x | 113.07x | 72.79x |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $40.57B | 6.30x | 6.98x | 6.39x | 5.82x |
| Autodesk, Inc. (ADSK)vs › | $44.68B | 5.69x | 7.96x | 9.31x | 9.92x |
| STMicroelectronics N.V. (STM)vs › | $45.29B | 3.53x | 3.21x | 2.48x | 2.59x |
| Roper Technologies, Inc. (ROP)vs › | $39.21B | 6.06x | 6.63x | 8.91x | 9.44x |
| Microchip Technology Incorporated (MCHP)vs › | $38.87B | 8.59x | 10.26x | 8.16x | 7.69x |
| Block, Inc. (XYZ)vs › | $47.06B | 1.89x | 1.61x | 1.68x | 2.28x |
| Atlassian Corporation (TEAM)vs › | $47.17B | 7.18x | 5.44x | 9.99x | 15.17x |
| Ciena Corporation (CIEN)vs › | $47.36B | 7.50x | 9.67x | 4.78x | 3.73x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-09 | 11.97x |
| 2026-09-08 | 12.16x |
| 2026-09-04 | 12.65x |
| 2026-09-03 | 13.09x |
| 2026-09-02 | 12.92x |
| 2026-09-01 | 12.85x |
| 2026-08-31 | 13.16x |
| 2026-08-28 | 12.73x |
| 2026-08-27 | 13.57x |
| 2026-08-26 | 11.71x |
| 2026-08-25 | 11.80x |
| 2026-08-24 | 11.88x |
| 2026-08-21 | 11.86x |
| 2026-08-20 | 11.99x |
| 2026-08-19 | 12.01x |
| 2026-08-18 | 11.60x |
| 2026-08-17 | 11.38x |
| 2026-08-14 | 11.65x |
| 2026-08-13 | 12.09x |
| 2026-08-12 | 11.54x |
| 2026-08-11 | 11.29x |
| 2026-08-10 | 11.20x |
| 2026-08-07 | 10.99x |
| 2026-08-06 | 10.35x |
| 2026-08-05 | 10.14x |
| 2026-08-04 | 10.05x |
| 2026-08-03 | 9.77x |
| 2026-07-31 | 9.65x |
| 2026-07-30 | 9.54x |
| 2026-07-29 | 9.86x |
| 2026-07-28 | 9.52x |
| 2026-07-27 | 9.18x |
| 2026-07-24 | 8.77x |
| 2026-07-23 | 8.44x |
| 2026-07-22 | 8.69x |
| 2026-07-21 | 8.92x |
| 2026-07-20 | 9.33x |
| 2026-07-17 | 9.23x |
| 2026-07-16 | 9.33x |
| 2026-07-15 | 9.14x |
| 2026-07-14 | 9.12x |
| 2026-07-13 | 9.30x |
| 2026-07-10 | 8.97x |
| 2026-07-09 | 8.95x |
| 2026-07-08 | 8.87x |
| 2026-07-07 | 9.08x |
| 2026-07-06 | 9.06x |
| 2026-07-02 | 9.10x |
| 2026-07-01 | 8.67x |
| 2026-06-30 | 8.33x |
| 2026-06-29 | 8.27x |
| 2026-06-26 | 8.03x |
| 2026-06-25 | 7.37x |
| 2026-06-24 | 7.53x |
| 2026-06-23 | 7.45x |
| 2026-06-22 | 7.12x |
| 2026-06-18 | 7.13x |
| 2026-06-17 | 7.20x |
| 2026-06-16 | 7.63x |
| 2026-06-15 | 7.57x |
| 2026-06-12 | 7.44x |
| 2026-06-11 | 7.54x |
| 2026-06-10 | 7.65x |
| 2026-06-09 | 7.85x |
| 2026-06-08 | 7.82x |
| 2026-06-05 | 8.67x |
| 2026-06-04 | 8.99x |
| 2026-06-03 | 9.00x |
| 2026-06-02 | 9.22x |
| 2026-06-01 | 9.52x |
| 2026-05-29 | 8.77x |
| 2026-05-28 | 8.24x |
| 2026-05-27 | 7.93x |
| 2026-05-26 | 7.93x |
| 2026-05-22 | 8.02x |
| 2026-05-21 | 7.92x |
| 2026-05-20 | 8.27x |
| 2026-05-19 | 8.18x |
| 2026-05-18 | 8.21x |
| 2026-05-15 | 7.95x |
| 2026-05-14 | 7.81x |
| 2026-05-13 | 7.79x |
| 2026-05-12 | 7.98x |
| 2026-05-11 | 7.98x |
| 2026-05-08 | 8.34x |
| 2026-05-07 | 8.45x |
| 2026-05-06 | 8.40x |
| 2026-05-05 | 8.60x |
| 2026-05-04 | 8.55x |
| 2026-05-01 | 8.62x |
| 2026-04-30 | 7.80x |
| 2026-04-29 | 7.92x |
| 2026-04-28 | 7.93x |
| 2026-04-27 | 8.03x |
| 2026-04-24 | 8.07x |
| 2026-04-23 | 7.81x |
| 2026-04-22 | 8.21x |
| 2026-04-21 | 8.42x |
| 2026-04-20 | 8.48x |
| 2026-04-17 | 8.43x |
| 2026-04-16 | 8.42x |
| 2026-04-15 | 8.40x |
| 2026-04-14 | 7.96x |
| 2026-04-13 | 7.93x |
| 2026-04-10 | 7.56x |
| 2026-04-09 | 7.86x |
| 2026-04-08 | 8.36x |
| 2026-04-07 | 8.67x |
| 2026-04-06 | 8.78x |
| 2026-04-02 | 8.75x |
| 2026-04-01 | 8.68x |
| 2026-03-31 | 8.84x |
| 2026-03-30 | 8.85x |
| 2026-03-27 | 8.67x |
| 2026-03-26 | 8.97x |
| 2026-03-25 | 8.96x |
| 2026-03-24 | 9.02x |
| 2026-03-23 | 9.34x |
| 2026-03-20 | 9.53x |
| 2026-03-19 | 9.61x |
| 2026-03-18 | 9.52x |
| 2026-03-17 | 9.67x |
| 2026-03-16 | 9.59x |
| 2026-03-13 | 9.24x |
| 2026-03-12 | 9.35x |
| 2026-03-11 | 9.69x |
| 2026-03-10 | 9.83x |
| 2026-03-09 | 10.15x |
| 2026-03-06 | 10.15x |
| 2026-03-05 | 10.17x |
| 2026-03-04 | 9.77x |
| 2026-03-03 | 9.63x |
| 2026-03-02 | 9.38x |
| 2026-02-27 | 9.41x |
| 2026-02-26 | 9.46x |
| 2026-02-25 | 9.11x |
| 2026-02-24 | 9.08x |
| 2026-02-23 | 8.88x |
| 2026-02-20 | 9.32x |
| 2026-02-19 | 9.44x |
| 2026-02-18 | 9.37x |
| 2026-02-17 | 9.13x |
| 2026-02-13 | 8.98x |
| 2026-02-12 | 8.87x |
| 2026-02-11 | 9.14x |
| 2026-02-10 | 9.69x |
| 2026-02-09 | 9.56x |
| 2026-02-06 | 9.50x |
| 2026-02-05 | 9.51x |
| 2026-02-04 | 9.89x |
| 2026-02-03 | 9.89x |
| 2026-02-02 | 10.58x |
| 2026-01-30 | 10.61x |
| 2026-01-29 | 10.94x |
| 2026-01-28 | 11.38x |
| 2026-01-27 | 11.37x |
| 2026-01-26 | 11.71x |
| 2026-01-23 | 11.59x |
| 2026-01-22 | 11.77x |
| 2026-01-21 | 11.47x |
| 2026-01-20 | 11.28x |
| 2026-01-16 | 11.61x |
| 2026-01-15 | 11.43x |
| 2026-01-14 | 11.42x |
| 2026-01-13 | 11.95x |
| 2026-01-12 | 12.21x |
| 2026-01-09 | 12.58x |
| 2026-01-08 | 12.64x |
| 2026-01-07 | 12.54x |
| 2026-01-06 | 12.46x |
| 2026-01-05 | 11.56x |
| 2026-01-02 | 11.46x |
| 2025-12-31 | 11.66x |
| 2025-12-30 | 11.74x |
| 2025-12-29 | 11.76x |
| 2025-12-26 | 11.74x |
| 2025-12-24 | 11.66x |
| 2025-12-23 | 11.72x |
| 2025-12-22 | 11.67x |
| 2025-12-19 | 11.59x |
| 2025-12-18 | 11.38x |
| 2025-12-17 | 11.24x |
| 2025-12-16 | 11.45x |
| 2025-12-15 | 11.49x |
| 2025-12-12 | 11.66x |
| 2025-12-11 | 12.00x |
| 2025-12-10 | 11.99x |
| 2025-12-09 | 12.14x |
| 2025-12-08 | 12.52x |
| 2025-12-05 | 12.69x |
| 2025-12-04 | 12.70x |
| 2025-12-03 | 12.65x |
| 2025-12-02 | 12.58x |
| 2025-12-01 | 12.60x |
| 2025-11-28 | 12.59x |
| 2025-11-26 | 12.61x |
| 2025-11-25 | 12.57x |
| 2025-11-24 | 12.34x |
| 2025-11-21 | 13.13x |
| 2025-11-20 | 14.62x |
| 2025-11-19 | 14.76x |
| 2025-11-18 | 14.80x |
| 2025-11-17 | 14.99x |
| 2025-11-14 | 15.91x |
| 2025-11-13 | 15.82x |
| 2025-11-12 | 16.11x |
| 2025-11-11 | 16.23x |
| 2025-11-10 | 16.05x |
| 2025-11-07 | 16.00x |
| 2025-11-06 | 15.79x |
| 2025-11-05 | 16.02x |
| 2025-11-04 | 15.92x |
| 2025-11-03 | 15.87x |
| 2025-10-31 | 15.79x |
| 2025-10-30 | 15.44x |
| 2025-10-29 | 15.53x |
| 2025-10-28 | 15.80x |
| 2025-10-27 | 16.04x |
| 2025-10-24 | 15.89x |
| 2025-10-23 | 15.81x |
| 2025-10-22 | 15.72x |
| 2025-10-21 | 15.71x |
| 2025-10-20 | 15.49x |
| 2025-10-17 | 15.37x |
| 2025-10-16 | 15.88x |
| 2025-10-15 | 15.57x |
| 2025-10-14 | 15.59x |
| 2025-10-13 | 15.50x |
| 2025-10-10 | 15.53x |
| 2025-10-09 | 16.20x |
| 2025-10-08 | 16.39x |
| 2025-10-07 | 16.64x |
| 2025-10-06 | 16.27x |
| 2025-10-03 | 16.08x |
| 2025-10-02 | 16.33x |
| 2025-10-01 | 15.90x |
| 2025-09-30 | 16.17x |
| 2025-09-29 | 15.89x |
| 2025-09-26 | 15.74x |
| 2025-09-25 | 15.15x |
| 2025-09-24 | 15.04x |
| 2025-09-23 | 15.09x |
| 2025-09-22 | 15.22x |
| 2025-09-19 | 15.03x |
| 2025-09-18 | 15.11x |
| 2025-09-17 | 14.85x |
| 2025-09-16 | 14.81x |
| 2025-09-15 | 14.95x |
| 2025-09-12 | 14.96x |
| 2025-09-11 | 15.13x |
| 2025-09-10 | 14.85x |
| 2025-09-09 | 15.31x |
| 2025-09-08 | 15.31x |
| 2025-09-05 | 14.76x |
| 2025-09-04 | 14.60x |
| 2025-09-03 | 14.65x |
| 2025-09-02 | 14.59x |
| 2025-08-29 | 15.01x |
| 2025-08-28 | 15.19x |
| 2025-08-27 | 16.43x |
Showing the most recent 260 of 3,243 data points. The chart above shows the full history.
