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Varonis Systems (FRA:VS2) Cyclically Adjusted Price-to-FCF : 989.00 (As of Jun. 04, 2024)


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What is Varonis Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-06-04), Varonis Systems's current share price is €39.56. Varonis Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.04. Varonis Systems's Cyclically Adjusted Price-to-FCF for today is 989.00.

The historical rank and industry rank for Varonis Systems's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:VS2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1013.32   Med: 4460   Max: 5198
Current: 1013.32

During the past years, Varonis Systems's highest Cyclically Adjusted Price-to-FCF was 5198.00. The lowest was 1013.32. And the median was 4460.00.

FRA:VS2's Cyclically Adjusted Price-to-FCF is ranked worse than
98.38% of 680 companies
in the Software industry
Industry Median: 28.39 vs FRA:VS2: 1013.32

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Varonis Systems's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.472. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.04 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Varonis Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Varonis Systems's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Varonis Systems Cyclically Adjusted Price-to-FCF Chart

Varonis Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8,953.01

Varonis Systems Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 8,953.01 1,132.66

Competitive Comparison of Varonis Systems's Cyclically Adjusted Price-to-FCF

For the Software - Infrastructure subindustry, Varonis Systems's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Varonis Systems's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Varonis Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Varonis Systems's Cyclically Adjusted Price-to-FCF falls into.



Varonis Systems Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Varonis Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=39.56/0.04
=989.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Varonis Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Varonis Systems's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.472/131.7762*131.7762
=0.472

Current CPI (Mar. 2024) = 131.7762.

Varonis Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.056 100.560 -0.073
201409 -0.048 100.428 -0.063
201412 -0.034 99.070 -0.045
201503 0.010 99.621 0.013
201506 -0.095 100.684 -0.124
201509 -0.011 100.392 -0.014
201512 0.011 99.792 0.015
201603 0.054 100.470 0.071
201606 -0.043 101.688 -0.056
201609 0.012 101.861 0.016
201612 0.018 101.863 0.023
201703 0.079 102.862 0.101
201706 -0.021 103.349 -0.027
201709 0.025 104.136 0.032
201712 0.038 104.011 0.048
201803 0.156 105.290 0.195
201806 0.019 106.317 0.024
201809 -0.051 106.507 -0.063
201812 0.009 105.998 0.011
201903 0.089 107.251 0.109
201906 -0.155 108.070 -0.189
201909 -0.179 108.329 -0.218
201912 -0.110 108.420 -0.134
202003 0.012 108.902 0.015
202006 -0.155 108.767 -0.188
202009 -0.047 109.815 -0.056
202012 0.039 109.897 0.047
202103 0.161 111.754 0.190
202106 -0.080 114.631 -0.092
202109 -0.050 115.734 -0.057
202112 -0.050 117.630 -0.056
202203 0.177 121.301 0.192
202206 -0.148 125.017 -0.156
202209 -0.029 125.227 -0.031
202212 -0.003 125.222 -0.003
202303 0.308 127.348 0.319
202306 0.036 128.729 0.037
202309 0.051 129.860 0.052
202312 0.070 129.419 0.071
202403 0.472 131.776 0.472

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Varonis Systems  (FRA:VS2) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Varonis Systems Cyclically Adjusted Price-to-FCF Related Terms

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Varonis Systems (FRA:VS2) Business Description

Industry
Traded in Other Exchanges
Address
1250 Broadway, 29th Floor, New York, NY, USA, 10001
Varonis Systems is a cybersecurity vendor focused on data privacy and security. The firm is currently undergoing a cloud transition as it weans its on-premises customers over to its cloud products that are delivered as software-as-a-service. The New York-based firm was founded in 2004 and went public in 2014.

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