Varonis Systems (VRNS) Price to Book (2014 - 2026)
Varonis Systems (VRNS) posted Price to Book of 10.84 for Q2 2026, up 99.47% on a QoQ basis from 5.44 in Q1 2026, and down 34.89% year-over-year from 16.65 in Q2 2025.
Analysis
Varonis Systems (VRNS) Price to Book (2014 - 2026) Analysis & Trends
Varonis Systems has reported Price to Book for 13 years, with the latest figure at 10.84 in Q2 2026.
- On a quarterly basis, Price to Book fell 34.89% year-over-year to 10.84 in Q2 2026; TTM through Jun 2026 was 10.84, a 34.89% decrease from a year earlier, with the FY2025 full-year figure at 6.44, down 41.32% from the prior year.
- Price to Book was 10.84 for Q2 2026 at Varonis Systems, up from 5.44 in the prior quarter.
- The five-year high for Price to Book was 16.65 in Q2 2025, with the low at 5.13 in Q4 2022.
- Average Price to Book over 5 years is 9.35, with a median of 9.91 recorded in 2022.
- The sharpest annual moves came in 2024 and 2026: Price to Book soared 98.03% in 2024, then tumbled 56.22% in 2026.
- Over 5 years, Price to Book stood at 5.13 in 2022, then surged by 96.54% to 10.09 in 2023, then increased by 8.77% to 10.97 in 2024, then slumped by 41.32% to 6.44 in 2025, then jumped by 68.35% to 10.84 in 2026.
- The last three Price to Book figures came in at 10.84 (Q2 2026), 5.44 (Q1 2026), and 6.44 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn |
| 10 | Varonis Systems | 5.21 Bn | 4.55 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 |