Varonis Systems price to free cash flow VRNS

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: 46.0×
10-year median: 92.8×
Against its 10-year history: 21st; percentile: 0 is its lowest day, 100 its highest
10-year range: 17.6× to 498×
Peer median: 16.1×

Varonis Systems' price to free cash flow is 46.0× as of Oct 23, 2026.

That is below its ten-year median of 92.8×, lower than on 79% of days in the last ten years.

Over that time it ranged from 17.6× in Apr 2026 to 498× in Jan 2022.

The median for 10 infrastructure software stocks of a similar size is 16.1×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	46.0×	17.6×	47.2×
2025	29.5×	26.6×	55.9×
2024	52.2×	52.2×	111×
2023	108×	82.0×	203×
2022	498×	498×	498×
2021	n/m a value too high to mean anything
2020	n/m a value too high to mean anything
2019	329×	90.0×	335×
2018	92.7×	72.7×	174×
2017	153×	132×	276×
2016	249×	231×	288×

Against its peers

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

Company	Price to free cash flow
VRNSVaronis Systems	46.0×
ACIWACI Worldwide	18.1×
WAYWaystar	22.5×
BOXBox	15.2×
PSNParsons	17.0×
BBBLACKBERRY	56.9×
SAICScience Applications International	9.9×
YOUClear Secure	12.1×
WKWorkiva	23.3×
OTEXOpen Text	8.4×
CCCCCC Intelligent Solutions	14.7×
Peer median	16.1×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.