VRNSVaronis Systems, Inc.

$41.41

Is the price fair?

What VRNS's price assumes

Today's price asks for 12% free cash flow growth a year; over the last three years Varonis Systems, Inc. delivered 49%, less than the record.

3.77

Price / sales · no P/E: the last twelve months did not end in a profit

Free cash flow yield
3.1%

Free cash flow yield · Software - Infrastructure median 5.3%

Growth the price implies
+12%

Growth the price implies · The price pays for +12% free cash flow growth a year for a decade; the business has delivered +49% a year over the last three.

Price / book
5.48

Price / book · as of 2026-Q1

Details
Price / book2026-Q1
5.48
EV / EBIToperating margin −22%: the multiple describes the denominator
not meaningful
Free cash flow, trailing twelve months
$122M
Market capitalisation
$3.92B
3-year revenue growth
+12%
3-year free cash flow growth
+49%

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.