What is Varonis Systems's price / book?

Varonis Systems (VRNS) reported price / book of 5.6× in Q1 2026.

How has Varonis Systems's price / book changed year-over-year?

Varonis Systems's price / book decreased by 55.1% year-over-year, from 12.4× to 5.6×.

What is the long-term trend for Varonis Systems's price / book?

Over 5 years (2020 to 2025), Varonis Systems's price / book has grown at a -36.4% compound annual growth rate (CAGR), from 62.2× to 6.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Varonis Systems VRNS Price / book

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Other financials

Income statement

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Revenue$173.1M+26.9%

Gross profit$131.6M+22.5%

Operating income-$44.5M-1.6%

Net income-$36.9M-3.0%

EPS (diluted)-$0.320.0%

Balance sheet

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Cash & equivalents$179.3M+17.1%

Total debt$69.4M-77.0%

Total equity$453.5M+23.3%

Total assets$1.6B+3.6%

Cash flow

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Operating cash flow$55.0M-19.1%

CapEx$5.0M+113%

Free cash flow$50.1M-23.7%

Valuation

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Market cap$3.83B-44.6%

Enterprise value$3.72B-48.7%

P/S5.8×-6.3×

Profitability

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Gross margin78.1%-4.2pp

Operating margin-22.3%+3.1pp

Net margin-19.7%+6.4pp

FCF margin18.1%-2.5pp

Returns & leverage

See full

Return on equity-31.8%+24.0pp

Debt / equity0.2×-0.7×

Current ratio1.7×+0.5×

Where this comes from

Calculated from Varonis Systems’s reported figures.

market cap/total stockholders equity=5.6×

Based on the most recent quarter.

The official record: Varonis Systems’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Varonis Systems's price / book?: Varonis Systems (VRNS) reported price / book of 5.6× in Q1 2026.
How has Varonis Systems's price / book changed year-over-year?: Varonis Systems's price / book decreased by 55.1% year-over-year, from 12.4× to 5.6×.
What is the long-term trend for Varonis Systems's price / book?: Over 5 years (2020 to 2025), Varonis Systems's price / book has grown at a -36.4% compound annual growth rate (CAGR), from 62.2× to 6.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.