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Varonis Systems, Inc.

Varonis Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $623.5 million, up 13.2% from fiscal 2024.

Revenue: +18.3%
EPS: −28.1%
Free cash flow: +15.6%
Total debt: +0.45%

Quarter to June 2026, against a year earlier

48.88 0.13 +0.27%

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Market cap: $5.7B
P/E: 0.0×
Fwd P/E: −37.6×
Dividend yield: —
F-score: 4/9
Altman Z: 1.71
Beneish M: −3.08
Dividend safety: n/a

Overview

Varonis Systems, Inc. (VRNS) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Varonis Systems, Inc. (VRNS) trades at a P/B ratio of 12.6×. Over the past ten years it has ranged from 3.3× (November 2022) to 72.3× (February 2021); the current reading is higher than 63% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.6×.

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<iframe src="https://stockrow.com/embed/VRNS/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Varonis Systems, Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/VRNS/metrics/pb-ratio">Varonis Systems, Inc. (VRNS) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	6.3×	(42.43%)
FY2024	10.9×	9.72%
FY2023	9.9×	89.67%
FY2022	5.2×	(39.24%)
FY2021	8.6×	(84.26%)
FY2020	54.7×	117.59%
FY2019	25.1×	105.31%
FY2018	12.2×	4.30%
FY2017	11.7×	35.01%
FY2016	8.7×	53.31%

Period	P/B ratio	Change
Jun 2026	10.8×	97.73%
Mar 2026	5.5×	(12.55%)
Dec 2025	6.3×	(42.62%)
Sep 2025	10.9×	(34.40%)
42 more quarters	Free account

Against its own ten years

Low 3.3× High 72.3×

Ten-year median 10.9×

Current reading's percentile 59

Company	P/B ratio
TENB Tenable Holdings, Inc. compare	n/m
BOX Box, Inc. compare	n/m
MBGL Mobility Global Inc. compare	0.6×
DOX Amdocs Limited compare	1.9×
ACIW ACI Worldwide, Inc. compare	4.0×
RELY Remitly Global, Inc. compare	4.8×
WEX WEX Inc. compare	5.3×
BB BlackBerry Limited compare	6.1×
VRNS Varonis Systems, Inc.	12.6×
Software Infrastructure industry median	2.9×
Technology sector median	2.6×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Varonis Systems, Inc. (VRNS) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on VRNS

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on VRNS

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