Varonis Systems (VRNS) Price to Book (2014 - 2026)
Varonis Systems' (VRNS) Price to Book was 10.84 for Q2 2026, down 34.9% from 16.65 a year earlier but up 99.5% from the prior quarter.
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Analysis
Varonis Systems (VRNS) Price to Book (2014 - 2026) Analysis & Trends
For FY2025, Price to Book at Varonis Systems was 6.44, down 41.3% from FY2024.
- By year, Price to Book came in at 10.97 in FY2024 (+8.8%), 10.09 in FY2023 (+96.5%), 5.13 in FY2022 (-41.6%) and 8.79 in FY2021 (-84.1%).
- Five-year quarterly Price to Book spans a low of 5.13 in Q4 2022 and a high of 16.65 in Q2 2025.
- Year over year, Price to Book has now declined in each of the last four quarters, with an average decline of 0.2% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q3 2024 (growth of 98.0%); the low point was Q4 2021 (a decline of 84.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 5.44 (Q1 2026), 6.44 (Q4 2025) and 11.20 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 323.81 Bn | 308.88 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 271.09 Bn | 251.53 Bn | 1.10 Bn |
| 3 | Fortinet | 131.14 Bn | 117.07 Bn | 1.64 Bn |
| 4 | Snowflake | 119.71 Bn | 107.03 Bn | 1.04 Bn |
| 5 | Datadog | 98.30 Bn | 79.94 Bn | 881.34 Mn |
| 6 | Okta | 34.95 Bn | 25.05 Bn | 641.00 Mn |
| 7 | Axon Enterprise | 34.32 Bn | 28.85 Bn | 546.45 Mn |
| 8 | Zscaler | 32.52 Bn | 18.64 Bn | - |
| 9 | Baidu | 29.56 Bn | -44.07 Bn | 1.47 Mn |
| 10 | Varonis Systems | 5.45 Bn | 2.49 Bn | 135.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.84 |
| Mar 31, 2026 | 5.44 |
| Dec 31, 2025 | 6.44 |
| Sep 30, 2025 | 11.20 |
| Jun 30, 2025 | 16.65 |
| Mar 31, 2025 | 12.42 |
| Dec 31, 2024 | 10.97 |
| Sep 30, 2024 | 14.82 |
| Jun 30, 2024 | 11.73 |
| Mar 31, 2024 | 11.64 |
| Dec 31, 2023 | 10.09 |
| Sep 30, 2023 | 7.48 |
| Jun 30, 2023 | 6.22 |
| Mar 31, 2023 | 5.93 |
| Dec 31, 2022 | 5.13 |
| Sep 30, 2022 | 5.49 |
| Jun 30, 2022 | 6.12 |
| Mar 31, 2022 | 9.72 |
| Dec 31, 2021 | 8.79 |
| Sep 30, 2021 | 11.32 |
API Access
Varonis Systems Price to Book 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=price-to-book&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();