Varonis Systems price to book ratio VRNS

Market value divided by the book value of the company's net assets, since 2014.

Today, Oct 23, 2026: 12.6×
10-year median: 12.2×
Against its 10-year history: 52nd; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.3× to 72.6×
Peer median: 3.2×

Varonis Systems' price to book ratio is 12.6× as of Oct 23, 2026.

That is above its ten-year median of 12.2×, close to the middle of its last ten years.

Over that time it ranged from 3.3× in Nov 2022 to 72.6× in Feb 2021.

The median for 10 infrastructure software stocks of a similar size is 3.2×.

Price to book ratio over time

median 12.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.6×	4.0×	13.0×
2025	6.5×	5.9×	20.4×
2024	11.8×	9.7×	14.5×
2023	11.1×	4.8×	11.1×
2022	5.0×	3.3×	8.9×
2021	9.1×	8.4×	72.6×
2020	62.6×	17.3×	65.1×
2019	24.5×	12.7×	24.5×
2018	14.2×	13.6×	22.0×
2017	15.5×	8.9×	16.7×
2016	9.4×	4.8×	10.8×
2015	6.1×	4.8×	9.9×
2014	8.4×	4.7×	8.4×

Against its peers

Companies in Software - Infrastructure nearest Varonis Systems' size, closest first, today.

Company	Price to book ratio
VRNSVaronis Systems	12.6×
ACIWACI Worldwide	3.8×
WAYWaystar	1.4×
BOXBox	n/m
PSNParsons	2.0×
BBBLACKBERRY	6.6×
SAICScience Applications International	4.3×
YOUClear Secure	29.8×
WKWorkiva	n/m
OTEXOpen Text	1.7×
CCCCCC Intelligent Solutions	2.5×
Peer median	3.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Varonis Systems

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.