Varonis Systems Inc
NASDAQ:VRNS

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Varonis Systems Inc
NASDAQ:VRNS
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Price: 44.1 USD 0.87% Market Closed
Market Cap: 5B USD
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Relative Value

The Relative Value of one VRNS stock under the Base Case scenario is 44.5 USD. Compared to the current market price of 44.1 USD, Varonis Systems Inc is Undervalued by 1%.

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
44.5 USD
Undervaluation 1%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
68
vs Industry
11
Median 3Y
9.1
Median 5Y
10.2
Industry
2.5
Forward
7.8
vs History
vs Industry
Median 3Y
-36.5
Median 5Y
-42.4
Industry
23.3
Forward
222.6
vs History
74
vs Industry
8
Median 3Y
89.6
Median 5Y
79.7
Industry
17.8
vs History
65
vs Industry
9
Median 3Y
10.6
Median 5Y
17.9
Industry
21.7
vs History
55
vs Industry
8
Median 3Y
8.2
Median 5Y
10.7
Industry
3
vs History
66
vs Industry
11
Median 3Y
8.9
Median 5Y
9.5
Industry
2.5
Forward
7.6
vs History
66
vs Industry
18
Median 3Y
10.5
Median 5Y
11.1
Industry
5.1
vs History
vs Industry
Median 3Y
-40.5
Median 5Y
-44.1
Industry
13.1
Forward
101.8
vs History
vs Industry
Median 3Y
-36.3
Median 5Y
-39.7
Industry
16.7
Forward
285.3
vs History
74
vs Industry
8
Median 3Y
84.4
Median 5Y
70.1
Industry
16.6
vs History
55
vs Industry
8
Median 3Y
60.7
Median 5Y
55
Industry
19.5
vs History
98
vs Industry
10
Median 3Y
9
Median 5Y
10.9
Industry
2.6

Multiples Across Competitors

VRNS Competitors Multiples
Varonis Systems Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Varonis Systems Inc
NASDAQ:VRNS
5B USD 9 -51.8 -45.5 -41.2
US
Microsoft Corp
NASDAQ:MSFT
3T USD 11.6 32.7 21.1 25.8
US
Oracle Corp
NYSE:ORCL
487B USD 8.9 41.9 23.8 32.2
US
ServiceNow Inc
NYSE:NOW
203.7B USD 18.5 143 103.5 146.2
US
Palo Alto Networks Inc
NASDAQ:PANW
131.1B USD 15.8 47.9 97.8 127.4
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
111.3B USD 29.7 878.1 544.6 -104 612.5
US
Fortinet Inc
NASDAQ:FTNT
85.6B USD 14.4 49 42.9 45.9
US
VMware Inc
XETRA:BZF1
58B EUR 4.5 42.6 19.8 33.3
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 158.9 1 322.6 292.5 517.1
US
Zscaler Inc
NASDAQ:ZS
32.6B USD 14.2 -899.6 -1 884.1 -292.9
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24.4B USD 9.5 28.9 24 26.3
P/E Multiple
Earnings Growth PEG
US
Varonis Systems Inc
NASDAQ:VRNS
Average P/E: 287.4
Negative Multiple: -51.8
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
32.7
15%
2.2
US
Oracle Corp
NYSE:ORCL
41.9
31%
1.4
US
ServiceNow Inc
NYSE:NOW
143
53%
2.7
US
Palo Alto Networks Inc
NASDAQ:PANW
47.9
3%
16
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
878.1
150%
5.9
US
Fortinet Inc
NASDAQ:FTNT
49
15%
3.3
US
V
VMware Inc
XETRA:BZF1
42.6
39%
1.1
US
Xperi Holding Corp
LSE:0M2A
1 322.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -899.6 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
28.9
17%
1.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Varonis Systems Inc
NASDAQ:VRNS
Average EV/EBITDA: 130
Negative Multiple: -45.5
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
21.1
16%
1.3
US
Oracle Corp
NYSE:ORCL
23.8
23%
1
US
ServiceNow Inc
NYSE:NOW
103.5
54%
1.9
US
Palo Alto Networks Inc
NASDAQ:PANW
97.8
49%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
544.6
120%
4.5
US
Fortinet Inc
NASDAQ:FTNT
42.9
22%
2
US
V
VMware Inc
XETRA:BZF1
19.8
19%
1
US
Xperi Holding Corp
LSE:0M2A
292.5
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -1 884.1 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24
12%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Varonis Systems Inc
NASDAQ:VRNS
Average EV/EBIT: 119.3
Negative Multiple: -41.2
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
25.8
15%
1.7
US
Oracle Corp
NYSE:ORCL
32.2
28%
1.1
US
ServiceNow Inc
NYSE:NOW
146.2
65%
2.2
US
Palo Alto Networks Inc
NASDAQ:PANW
127.4
59%
2.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -104 612.5
413%
N/A
US
Fortinet Inc
NASDAQ:FTNT
45.9
19%
2.4
US
V
VMware Inc
XETRA:BZF1
33.3
30%
1.1
US
Xperi Holding Corp
LSE:0M2A
517.1
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -292.9 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
26.3
14%
1.9