Varonis Systems Inc
NASDAQ:VRNS

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Varonis Systems Inc
NASDAQ:VRNS
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Price: 50.335 USD 0.75%
Market Cap: 5.6B USD

Relative Value

The Relative Value of one VRNS stock under the Base Case scenario is 41.841 USD. Compared to the current market price of 50.335 USD, Varonis Systems Inc is Overvalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

VRNS Relative Value
Base Case
41.841 USD
Overvaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
53
vs Industry
13
Median 3Y
8.7
Median 5Y
10.2
Industry
2.4
Forward
9
vs History
vs Industry
Median 3Y
-40.8
Median 5Y
-44.9
Industry
22.5
Forward
301.8
vs History
71
vs Industry
14
Median 3Y
79.7
Median 5Y
79.7
Industry
17
vs History
42
vs Industry
45
Median 3Y
40.9
Median 5Y
25.2
Industry
21.4
vs History
17
vs Industry
11
Median 3Y
9.9
Median 5Y
10.6
Industry
2.9
vs History
46
vs Industry
14
Median 3Y
8.1
Median 5Y
9.5
Industry
2.4
Forward
8.7
vs History
44
vs Industry
23
Median 3Y
9.9
Median 5Y
11
Industry
4.9
vs History
vs Industry
Median 3Y
-40.9
Median 5Y
-44.7
Industry
12.6
Forward
338.3
vs History
vs Industry
Median 3Y
-37
Median 5Y
-40.2
Industry
16.3
Forward
805.8
vs History
73
vs Industry
14
Median 3Y
70.1
Median 5Y
70.1
Industry
15.4
vs History
52
vs Industry
13
Median 3Y
60.7
Median 5Y
55
Industry
18.7
vs History
87
vs Industry
26
Median 3Y
8.7
Median 5Y
10.7
Industry
2.4

Multiples Across Competitors

VRNS Competitors Multiples
Varonis Systems Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Varonis Systems Inc
NASDAQ:VRNS
5.7B USD 9.9 -62.2 -53.4 -48.4
US
Microsoft Corp
NASDAQ:MSFT
3.5T USD 12.9 35.9 22.9 28.4
US
Oracle Corp
NYSE:ORCL
479.4B USD 8.6 39.5 23.1 31
US
ServiceNow Inc
NYSE:NOW
211.3B USD 18.5 137.8 99.3 139.1
US
Palo Alto Networks Inc
NASDAQ:PANW
131.2B USD 14.9 106.9 96.9 129.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
114.8B USD 27.8 -664.8 4 548.7 -541.5
US
Fortinet Inc
NASDAQ:FTNT
79.1B USD 13 42.3 36 38.5
US
VMware Inc
XETRA:BZF1
58B EUR 4.9 46.4 21.4 36.2
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.6 723 258.7 369.6
US
Zscaler Inc
NASDAQ:ZS
47.1B USD 18.5 -1 214 -3 795 -367.5
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
25B USD 9.5 29.2 24.4 26.9
P/E Multiple
Earnings Growth PEG
US
Varonis Systems Inc
NASDAQ:VRNS
Average P/E: 145.1
Negative Multiple: -62.2
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
35.9
15%
2.4
US
Oracle Corp
NYSE:ORCL
39.5
30%
1.3
US
ServiceNow Inc
NYSE:NOW
137.8
52%
2.7
US
Palo Alto Networks Inc
NASDAQ:PANW
106.9
4%
26.7
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -664.8 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
42.3
14%
3
US
V
VMware Inc
XETRA:BZF1
46.4
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
723
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -1 214 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
29.2
17%
1.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Varonis Systems Inc
NASDAQ:VRNS
Average EV/EBITDA: 570.2
Negative Multiple: -53.4
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
22.9
17%
1.3
US
Oracle Corp
NYSE:ORCL
23.1
24%
1
US
ServiceNow Inc
NYSE:NOW
99.3
53%
1.9
US
Palo Alto Networks Inc
NASDAQ:PANW
96.9
49%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
4 548.7
177%
25.7
US
Fortinet Inc
NASDAQ:FTNT
36
17%
2.1
US
V
VMware Inc
XETRA:BZF1
21.4
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
258.7
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -3 795 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24.4
12%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Varonis Systems Inc
NASDAQ:VRNS
Average EV/EBIT: 99.9
Negative Multiple: -48.4
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
28.4
15%
1.9
US
Oracle Corp
NYSE:ORCL
31
28%
1.1
US
ServiceNow Inc
NYSE:NOW
139.1
64%
2.2
US
Palo Alto Networks Inc
NASDAQ:PANW
129.9
60%
2.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -541.5 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
38.5
17%
2.3
US
V
VMware Inc
XETRA:BZF1
36.2
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
369.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -367.5 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
26.9
15%
1.8