VRNSVaronis Systems, Inc.
Is the price fair?
Growth expectations in line with delivery. That is the only one of 3 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Priced for ~14% a year FCF growth. Roughly in line with its three-year revenue growth of 12% a year.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What VRNS's price assumes
Today's price asks for 14% free cash flow growth a year; over the last three years Varonis Systems, Inc. delivered 49%, less than the record.
Price / sales · no P/E: the last twelve months did not end in a profit
- Free cash flow yield
- 2.7%
Free cash flow yield · Software - Infrastructure median 5.3%
- Growth the price implies
- +14%
Growth the price implies · The price pays for +14% free cash flow growth a year for a decade; the business has delivered +49% a year over the last three.
- Price / book
- 9.96
Price / book · as of 2026-Q2
Details›
- Price / bookas of 2026-Q2
- 9.96
- EV / EBIToperating margin −22%: the multiple describes the denominator
- not meaningful
- Free cash flow, trailing twelve months
- $122M
- Market capitalisation
- $4.53B
- 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.
Software, Infrastructure
Ranks #75 of 80 by RyuScore