Varonis Systems (LTS:0VOU) Cyclically Adjusted PS Ratio: (As of Jul. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0VOU Varonis Systems Inc LTS:0VOU
73 GF Score
Price $40.37
GF Value $55.82
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Varonis Systems Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Varonis Systems  (LTS:0VOU) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Varonis Systems Cyclically Adjusted PS Ratio Related Terms


Varonis Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Varonis Systems's Cyclically Adjusted PS Ratio 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.

Varonis Systems Cyclically Adjusted PS Ratio Chart

Varonis Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 7.91 13.21 11.69 7.77

Varonis Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio 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 12.54 13.82 7.77 4.88 0.00

LTS:0VOU vs GTLB, DOX, PATH: Cyclically Adjusted PS Ratio Comparison

For the Software - Infrastructure subindustry, Varonis Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Varonis Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Varonis Systems's Cyclically Adjusted PS Ratio falls into.


LTS:0VOU
73GF Score
Varonis Systems Inc LTS:0VOU
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Varonis Systems Cyclically Adjusted PS Ratio Calculation

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

Varonis Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Varonis Systems's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.568/333.9520*333.9520
=1.568

Current CPI (Jun. 2026) = 333.9520.

Varonis Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.515 241.428 0.712
201612 0.696 241.432 0.963
201703 0.490 243.801 0.671
201706 0.603 244.955 0.822
201709 0.645 246.819 0.873
201712 0.869 246.524 1.177
201803 0.629 249.554 0.842
201806 0.717 251.989 0.950
201809 0.763 252.439 1.009
201812 0.989 251.233 1.315
201903 0.630 254.202 0.828
201906 0.656 256.143 0.855
201909 0.720 256.759 0.936
201912 0.792 256.974 1.029
202003 0.585 258.115 0.757
202006 0.705 257.797 0.913
202009 0.809 260.280 1.038
202012 0.999 260.474 1.281
202103 0.746 264.877 0.941
202106 0.831 271.696 1.021
202109 0.938 274.310 1.142
202112 1.178 278.802 1.411
202203 0.890 287.504 1.034
202206 1.016 296.311 1.145
202209 1.121 296.808 1.261
202212 1.306 296.797 1.469
202303 0.990 301.836 1.095
202306 1.052 305.109 1.151
202309 1.118 307.789 1.213
202312 1.414 306.746 1.539
202403 1.037 312.332 1.109
202406 1.165 314.175 1.238
202409 1.319 315.301 1.397
202412 1.409 315.605 1.491
202503 1.211 319.799 1.265
202506 1.358 322.561 1.406
202509 1.405 324.800 1.445
202512 1.471 324.054 1.516
202603 1.495 330.213 1.512
202606 1.568 333.952 1.568

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Varonis Systems (LTS:0VOU) Overvalued in 2026?

Based on GuruFocus' analysis, Varonis Systems stock appears to be undervalued. The current stock price of $40.37 is trading 27.7% below its estimated GF Value™ of $55.82. GuruFocus considers Varonis Systems to be Modestly Undervalued.

Key valuation signals for LTS:0VOU:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $55.82 vs. price of $40.37 (27.7% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the LTS:0VOU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Varonis Systems Business Description

Address 801 Brickell Avenue, 8th Floor, Miami, FL, USA, 33131
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 2005 and went public in 2014.
73GF Score

Get the complete analysis for LTS:0VOU

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.37
Price
$55.82
GF Value