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As of the most recent data point on 2026-01-31 (Q4'26), VEEV's EV/Sales ratio stands at 38.50. This marks a notable decrease from the previous quarter, reflecting a downward movement in the company's valuation relative to its sales. Over the period from Q1'24 to Q4'26, the EV/Sales ratio for VEEV has exhibited considerable volatility, with values ranging from a high of 57.79 in Q2'24 to a low of 38.50 in Q4'26. After peaking in early FY24, the ratio experienced several fluctuations, including sharp declines in Q3'24 and Q1'25, brief recoveries in subsequent quarters, and a pronounced downward trend in the most recent periods. This pattern suggests shifting market sentiment and potential changes in revenue growth or valuation multiples over the observed timeframe.