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Veeco Instruments (VECO, Chipmaking equipment) Stock Valuation & Fair Value

Mixed on our tests

Veeco Instruments (VECO, Chipmaking equipment) trades at a current P/E of 25.3, about 6% below its historical normal valuation, with a forward growth estimate of 93.4% and a PEG of 0.27. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 26.9 on the same blended earnings, the 2026-11-06 close of $37.19 corresponds to about $39.60 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
25.3
Normal P/E
26.9
PEG
0.27
Fwd growth
93.4%
Div yield
0.0%
RSI (14)
38.3
Neutral
Technical context
  • Price $37.19 at the Nov 6 close, 11.7% below the 20-day average ($42.14) and 17.4% below the 50-day ($45.03).
  • RSI (14) at 38.3.
  • 52-week range $26.39 to $83.04: the price is 55.2% below the high and 40.9% above the low.

The Street vs SeerForecast

Wall Street's mean price target for VECO is $61.33 across 3 analysts, 64.9% above the current price. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating changed 6 times after 2026-07-31 and is back where it started: mixed on our tests as of 2026-11-02.

Current P/E and rating by weekCurrent P/E moved from 32.1 to 26.4 between 2026-07-31 and 2026-10-30, against a normal P/E of 26.9, with 6 rating changes over 14 recorded weeks.2026-07-31: P/E 32.1, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 33.1, Trading above its usual valuation, recorded live 2026-08-032026-08-07: P/E 33.1, Trading above its usual valuation, recalculated for the week of 2026-08-072026-08-07: P/E 36.0, Trading above its usual valuation, recorded live 2026-08-102026-08-14: P/E 36.0, Trading above its usual valuation, recalculated for the week of 2026-08-142026-08-14: P/E 36.5, Trading above its usual valuation, recorded live 2026-08-172026-08-21: P/E 36.5, Trading above its usual valuation, recalculated for the week of 2026-08-212026-08-21: P/E 33.3, Trading above its usual valuation, recorded live 2026-08-242026-08-27: P/E 33.3, Trading above its usual valuation, recalculated for the week of 2026-08-272026-08-28: P/E 33.3, Trading above its usual valuation, recalculated for the week of 2026-08-282026-08-28: P/E 33.3, Trading above its usual valuation, recalculated for the week of 2026-08-302026-08-28: P/E 30.7, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 30.7, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 30.9, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 30.9, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 31.0, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 31.0, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 29.4, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 29.4, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 34.1, Trading above its usual valuation, recorded live 2026-09-282026-10-02: P/E 34.1, Trading above its usual valuation, recalculated for the week of 2026-10-032026-10-02: P/E 39.4, Significantly overvalued, recorded live 2026-10-052026-10-09: P/E 39.4, Significantly overvalued, recalculated for the week of 2026-10-102026-10-09: P/E 35.8, Trading above its usual valuation, recorded live 2026-10-122026-10-16: P/E 35.8, Trading above its usual valuation, recalculated for the week of 2026-10-172026-10-16: P/E 29.2, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 28.7, Mixed on our tests, recorded live 2026-10-262026-10-30: P/E 28.7, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 26.4, Mixed on our tests, recorded live 2026-11-0230.035.0Jul 31Aug 23Sep 15Oct 7Oct 30Normal P/E 26.9
Mixed on our testsTrading above its usual valuationSignificantly overvaluedLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 32.1+19%Mixed on our tests (recalculated)
2026-08-03P/E 33.1+23%Trading above its usual valuation
2026-08-31P/E 30.7+14%Mixed on our tests
2026-09-28P/E 34.1+27%Trading above its usual valuation (across a rating rules change)
2026-10-05P/E 39.4+46%Significantly overvalued
2026-10-12P/E 35.8+33%Trading above its usual valuation (across a rating rules change)
2026-10-19P/E 29.2+8%Mixed on our tests (across a rating rules change)
2026-11-02P/E 26.4-2%Mixed on our tests ← now
Show all 29 readings
WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 32.1+19%Mixed on our tests (recalculated)
2026-08-03P/E 33.1+23%Trading above its usual valuation
2026-08-07P/E 33.1+23%Trading above its usual valuation (recalculated)
2026-08-10P/E 36.0+34%Trading above its usual valuation
2026-08-14P/E 36.0+34%Trading above its usual valuation (recalculated)
2026-08-17P/E 36.5+36%Trading above its usual valuation
2026-08-21P/E 36.5+36%Trading above its usual valuation (recalculated)
2026-08-24P/E 33.3+23%Trading above its usual valuation
2026-08-27P/E 33.3+23%Trading above its usual valuation (recalculated)
2026-08-28P/E 33.3+23%Trading above its usual valuation (recalculated)
2026-08-30P/E 33.3+23%Trading above its usual valuation (recalculated)
2026-08-31P/E 30.7+14%Mixed on our tests
2026-09-05P/E 30.7+14%Mixed on our tests (recalculated)
2026-09-07P/E 30.9+15%Mixed on our tests
2026-09-12P/E 30.9+15%Mixed on our tests (recalculated)
2026-09-14P/E 31.0+15%Mixed on our tests
2026-09-19P/E 31.0+15%Mixed on our tests (recalculated)
2026-09-21P/E 29.4+9%Mixed on our tests
2026-09-26P/E 29.4+9%Mixed on our tests (recalculated)
2026-09-28P/E 34.1+27%Trading above its usual valuation (across a rating rules change)
2026-10-03P/E 34.1+27%Trading above its usual valuation (recalculated)
2026-10-05P/E 39.4+46%Significantly overvalued
2026-10-10P/E 39.4+46%Significantly overvalued (recalculated)
2026-10-12P/E 35.8+33%Trading above its usual valuation (across a rating rules change)
2026-10-17P/E 35.8+33%Trading above its usual valuation (recalculated)
2026-10-19P/E 29.2+8%Mixed on our tests (across a rating rules change)
2026-10-26P/E 28.7+6%Mixed on our tests
2026-10-31P/E 28.7+6%Mixed on our tests (recalculated)
2026-11-02P/E 26.4-2%Mixed on our tests ← now

Frequently asked questions

Is Veeco Instruments stock overvalued?

At a current P/E of 25.3 versus its historical normal P/E of 26.9, Veeco Instruments trades about 6% below its typical valuation, with a PEG of 0.27 on 93.4% forward growth. tickerseer currently rates it mixed on our tests.

What is Veeco Instruments's fair value and PEG?

Veeco Instruments trades at a current P/E of 25.3 against a historical normal P/E of 26.9, a PEG of 0.27, and a forward growth estimate of 93.4%. Priced at its historical normal P/E of 26.9 on the same blended earnings, the 2026-11-06 close of $37.19 corresponds to about $39.60 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Veeco Instruments changed?

tickerseer's rating changed 6 times after 2026-07-31 and is back where it started: mixed on our tests as of 2026-11-02.

What is the analyst price target for Veeco Instruments?

The mean Wall Street price target for Veeco Instruments is $61.33 across 3 analysts, 64.9% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Chipmaking equipment. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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