yeah VED never said they were going to grow ferociously just 10%...

yeah VED never said they were going to grow ferociously just 10% p.a. which is what the market is expecting and what VED delivered.

high PE is justified because they operate almost as a monopoly in an excellent industry underpinned by growing regulatory requirements in australia. veda's business model is capital light which means you cannot compare PEs to a capital intense business.
VED provides essential services to the operations of many companies (incl the one i work for).. VED are investing heavily in CCR which has a big growth runway for many years and hence deserves to trade at a high multiple.

finally core to VED's moat is the credit data they have collected for 45 years, tell me how a competitor replicates that.