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STOCK COMPARISON

XtalPi Holdings vs Veeva Systems Inc Class A: Fair Value & Quality

Both stocks run through our valuation models. Here is how XtalPi Holdings (2228) and Veeva Systems Inc Class A (VEEV) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Veeva Systems Inc Class A as the less overvalued of the two: XtalPi Holdings trades at HK$7.33 versus a fair value of HK$0.88 (-88%), while Veeva Systems Inc Class A trades at $284 versus $91.49 (-68%).
XtalPi Holdings
2228.HK · HKD · Consumer Discretionary
-88%
upside to fair value
overvalued
PriceHK$7.33
Fair ValueHK$0.88
Quality38/100
Veeva Systems Inc Class A
VEEV · USD · Health Care
-68%
upside to fair value
overvalued
Price$284
Fair Value$91.49
Quality72/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

XtalPi HoldingsVeeva Systems Inc Class A
Valuation
255.0×P/E (TTM)33.6×
41.02×P/S (TTM)9.31×
3.51×P/B4.28×
—EV/EBITDA28.7×
—PEG0.85×
−87.9%Fair value upside−67.8%
0.2%Dividend yield0.0%
Profitability
-160%Operating margin31%
—EBIT margin trend (5Y)1.11×
2%Return on equity14%
-4%Return on assets7%
Growth
74%Revenue growth (YoY)16%
80.3%Avg. growth/yr (3Y)14.0%
—Avg. growth/yr (5Y)16.9%
—Value creation/yr+22.0%
Balance & size
—Interest coverage (EBIT/interest)56.6×
0.02×Debt / equity—
$4BMarket cap$31B
mixedGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Veeva Systems Inc Class A leads: 2 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

XtalPi Holdingsof which business quality 41 · market factors 17 Veeva Systems Inc Class Aof which business quality 72 · market factors 61
ProfitabilityMargins and returns on capital today
24
57
Quality GrowthAre margins and returns improving?
92
65
CashflowEarnings quality: real cash, not paper profit
0
93
Fin. StrengthBalance sheet, leverage, solvency risk
96
91
InvestmentDisciplined investing over empire-building
34
33
Low VolatilityCalm price path (market factor)
21
53
MomentumPrice trend over the last 3–12 months (market factor)
19
65
52W MomentumDistance to the 52-week high (market factor)
11
61
Net IssuanceBuybacks instead of dilution
0
72

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyXtalPi HoldingsPrice HK$7.33Veeva Systems Inc Class APrice $284
DCF Models-73%below the priceHK$2.00-25%below the price$214
Earnings-Based-87%below the priceHK$0.92-50%below the price$142
Dividend Discount-96%below the priceHK$0.26-100%below the price$0.41
Multiples-93%below the priceHK$0.48-67%below the price$93.60
Asset-Based-80%below the priceHK$1.46-90%below the price$29.76
Growth DCFn/a-30%below the price$200
Economic Profit-81%below the priceHK$1.42-80%below the price$57.47
Growth Earnings-83%below the priceHK$1.23-35%below the price$185
Minimum-96%below the priceHK$0.26-100%below the price$0.41
Maximum-73%below the priceHK$2.00-25%below the price$214
Median-83%below the priceHK$1.23-59%below the price$118
Geometric mean-87%below the priceHK$0.93-81%below the price$53.99

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

XtalPi Holdings: 12 of 12 models see the stock below the current price.

Veeva Systems Inc Class A: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

XtalPi Holdings
Bear HK$0.62Fair Value HK$0.88Bull HK$0.93
HK$7.33 = current price (white tick)
Veeva Systems Inc Class A
Bear $70.65Fair Value $91.49Bull $138
$284 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

XtalPi Holdings · Consumer Discretionary

Quality score38 · bottom 25%
Fair value upside-88% · bottom 25%

Veeva Systems Inc Class A · Health Care

Quality score72 · Top 25%
Fair value upside-68% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Veeva Systems Inc Class A as the less overvalued of the two: XtalPi Holdings trades at HK$7.33 versus a fair value of HK$0.88 (-88%), while Veeva Systems Inc Class A trades at $284 versus $91.49 (-68%).

Veeva Systems Inc Class A has the higher quality score (72/100).

See the full analysis →
XtalPi Holdings · Veeva Systems Inc Class A

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.