Varonis Systems Inc
NASDAQ:VRNS

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Varonis Systems Inc Logo
Varonis Systems Inc
NASDAQ:VRNS
Watchlist
Price: 50.335 USD 0.75%
Market Cap: 5.6B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

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

9.9
P/S
P/S
Price to Sales
9.9
vs History
53
vs Industry
13
Median 3Y
8.7
Median 5Y
10.2
Industry
2.4
Forward
9
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-40.8
Median 5Y
-44.9
Industry
22.5
Forward
301.8
More Details
44.8
P/OCF
P/OCF
Price to OCF
44.8
vs History
71
vs Industry
14
Median 3Y
79.7
Median 5Y
79.7
Industry
17
More Details
48.2
P/FCFE
P/FCFE
Price to FCFE
48.2
vs History
42
vs Industry
45
Median 3Y
40.9
Median 5Y
25.2
Industry
21.4
More Details
15.4
P/B
P/B
Price to Book Value
15.4
vs History
17
vs Industry
11
Median 3Y
9.9
Median 5Y
10.6
Industry
2.9
More Details
9.6
EV/S
EV/S
Enterprise Value to Sales
9.6
vs History
46
vs Industry
14
Median 3Y
8.1
Median 5Y
9.5
Industry
2.4
Forward
8.7
More Details
11.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.7
vs History
44
vs Industry
23
Median 3Y
9.9
Median 5Y
11
Industry
4.9
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-40.9
Median 5Y
-44.7
Industry
12.6
Forward
338.3
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-37
Median 5Y
-40.2
Industry
16.3
Forward
805.8
More Details
43.5
EV/OCF
EV/OCF
Enterprise Value to OCF
43.5
vs History
73
vs Industry
14
Median 3Y
70.1
Median 5Y
70.1
Industry
15.4
More Details
46.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
46.9
vs History
52
vs Industry
13
Median 3Y
60.7
Median 5Y
55
Industry
18.7
More Details
5.7
EV/IC
EV/IC
Enterprise Value to IC
5.7
vs History
87
vs Industry
26
Median 3Y
8.7
Median 5Y
10.7
Industry
2.4
More Details

Multiples Across Competitors

VRNS Competitors Multiples
Varonis Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
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

See Also

Summary
VRNS intrinsic value, competitors valuation, and company profile.
DCF Valuation
VRNS stock valuation using Discount Cash Flow valuation method.
Relative Valuation
VRNS stock valuation using valuation multiples.
Wall Street Estimates
VRNS price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
VRNS stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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