Veeco Instruments Inc (VECO) valuation
Veeco Instruments P/E ratio history
Veeco Instruments trades at 108.0 times its earnings over the last twelve months and 17.6 times the earnings analysts expect over the next twelve. At its last 4 fiscal year ends its P/E ranged from 6.9 (year to Dec 2022) to 58.1 (year to Dec 2021), with a median of 35.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $28.58 | $0.59 | 48.4 | 18.8 |
| Dec 31, 2024 | $26.80 | $1.23 | 21.8 | 15.7 |
| Dec 31, 2023 | $31.03 | -$0.56 | n/m | 18.3 |
| Dec 31, 2022 | $18.58 | $2.71 | 6.9 | — |
| Dec 31, 2021 | $28.47 | $0.49 | 58.1 | 19.2 |
| Dec 31, 2020 | $17.36 | -$0.17 | n/m | — |
| Dec 31, 2019 | $14.69 | -$1.67 | n/m | — |
| Dec 31, 2018 | $7.41 | -$8.66 | n/m | — |
| Dec 31, 2017 | $14.85 | -$1.14 | n/m | — |
| Dec 31, 2016 | $29.15 | -$3.13 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Veeco Instruments valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Veeco InstrumentsVECO | $2.37B | 108.0 | 17.6 | 3.5 |
| RogersROG | $2.38B | 53.9 | 29.3 | 2.8 |
| AdeiaADEA | $2.37B | 19.7 | 14.2 | 5.0 |
| Calix NetworksCALX | $2.35B | 49.1 | 18.4 | 2.1 |
| Bel FuseBELFB | $2.40B | 53.9 | 22.8 | 3.2 |
| CohuCOHU | $2.40B | — | 25.0 | 4.2 |
| EplusPLUS | $2.43B | 20.3 | 16.6 | 1.0 |
| BlackbaudBLKB | $2.43B | 16.6 | 9.2 | 2.1 |
| LiverampRAMP | $2.31B | 16.0 | 12.8 | 2.8 |
| Peer median | 20.3 | 17.5 | 2.8 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: VECO financials · VECO returns
No forecast, no recommendation. This page describes Veeco Instruments Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.