Varonis Systems (VRNS) EV to CFO (2014 - 2026)
Varonis Systems' (VRNS) EV to CFO was 36.68 for Q3 2026, down 11.7% from 41.52 a year earlier but up 21.9% from the prior quarter.
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Analysis
Varonis Systems (VRNS) EV to CFO (2014 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Varonis Systems' EV to CFO came in at 19.45, down 32.5% year-over-year; for FY2025, it was 20.16, down 48.1% from FY2024.
- EV to CFO has declined for four consecutive years.
- By year, EV to CFO came in at 38.82 in FY2024 (-48.2%), 75.00 in FY2023 (-54.9%), 166.25 in FY2022 (-73.1%) and 618.35 in FY2021.
- Five-year quarterly EV to CFO spans a low of 12.77 in Q1 2026 and a high of 618.35 in Q4 2021.
- Year over year, EV to CFO has now declined in each of the last nine quarters, with an average decline of 36.4% over the last eight quarters.
- The high point for year-over-year EV to CFO in five years was Q2 2022 (growth of 20.1%); the low point was Q2 2023 (a decline of 87.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 30.09 (Q2 2026), 12.77 (Q1 2026) and 20.16 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 36.68 |
| Jun 30, 2026 | 30.09 |
| Mar 31, 2026 | 12.77 |
| Dec 31, 2025 | 20.16 |
| Sep 30, 2025 | 41.52 |
| Jun 30, 2025 | 36.12 |
| Mar 31, 2025 | 31.61 |
| Dec 31, 2024 | 38.82 |
| Sep 30, 2024 | 54.32 |
| Jun 30, 2024 | 56.31 |
| Mar 31, 2024 | 60.03 |
| Dec 31, 2023 | 75.00 |
| Sep 30, 2023 | 54.93 |
| Jun 30, 2023 | 50.64 |
| Mar 31, 2023 | 96.29 |
| Dec 31, 2022 | 166.25 |
| Sep 30, 2022 | 244.26 |
| Jun 30, 2022 | 399.47 |
| Mar 31, 2022 | 388.52 |
| Dec 31, 2021 | 618.35 |
API Access
Varonis Systems EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();