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Varonis Systems (Varonis Systems) Cyclically Adjusted Price-to-FCF : 4,533.00 (As of Apr. 27, 2024)


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

As of today (2024-04-27), Varonis Systems's current share price is $45.33. Varonis Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.01. Varonis Systems's Cyclically Adjusted Price-to-FCF for today is 4,533.00.

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

VRNS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4252   Med: 4717   Max: 8866.01
Current: 8866.01

During the past years, Varonis Systems's highest Cyclically Adjusted Price-to-FCF was 8866.01. The lowest was 4252.00. And the median was 4717.00.

VRNS's Cyclically Adjusted Price-to-FCF is ranked worse than
99.55% of 670 companies
in the Software industry
Industry Median: 28.305 vs VRNS: 8866.01

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 Dec. 2023 was $0.076. 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 $0.01 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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

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
=45.33/0.01
=4,533.00

* 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 Dec. 2023 is calculated as:

For example, Varonis Systems's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.076/129.4194*129.4194
=0.076

Current CPI (Dec. 2023) = 129.4194.

Varonis Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.112 99.695 0.145
201406 -0.076 100.560 -0.098
201409 -0.061 100.428 -0.079
201412 -0.041 99.070 -0.054
201503 0.010 99.621 0.013
201506 -0.107 100.684 -0.138
201509 -0.013 100.392 -0.017
201512 0.012 99.792 0.016
201603 0.060 100.470 0.077
201606 -0.049 101.688 -0.062
201609 0.013 101.861 0.017
201612 0.019 101.863 0.024
201703 0.084 102.862 0.106
201706 -0.024 103.349 -0.030
201709 0.029 104.136 0.036
201712 0.045 104.011 0.056
201803 0.192 105.290 0.236
201806 0.022 106.317 0.027
201809 -0.059 106.507 -0.072
201812 0.010 105.998 0.012
201903 0.100 107.251 0.121
201906 -0.175 108.070 -0.210
201909 -0.197 108.329 -0.235
201912 -0.122 108.420 -0.146
202003 0.014 108.902 0.017
202006 -0.175 108.767 -0.208
202009 -0.055 109.815 -0.065
202012 0.048 109.897 0.057
202103 0.192 111.754 0.222
202106 -0.097 114.631 -0.110
202109 -0.059 115.734 -0.066
202112 -0.056 117.630 -0.062
202203 0.195 121.301 0.208
202206 -0.156 125.017 -0.161
202209 -0.029 125.227 -0.030
202212 -0.003 125.222 -0.003
202303 0.330 127.348 0.335
202306 0.039 128.729 0.039
202309 0.055 129.860 0.055
202312 0.076 129.419 0.076

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  (NAS:VRNS) 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

Thank you for viewing the detailed overview of Varonis Systems's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Varonis Systems (Varonis Systems) 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.
Executives
James O'boyle officer: SVP of Worldwide Sales C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
David Bass officer: EVP Engineering & CTO 1250 BROADWAY 29TH FLOOR, NEW YORK NY 10001
Avrohom J. Kess director 385 WASHINGTON STREET, ST. PAUL MN 55102
Yakov Faitelson director, officer: CEO, President, Chairman C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Ofer Segev director NESS TOWER, ATIDIM HIGH-TECH INDUSTRIAL, PARK, BUILDING 4, TEL AVIV L3 61580
Guy Melamed officer: Chief Financial Officer 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Dov Gottlieb officer: VP and General Counsel 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Van Den Bosch Fred director 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Carlos Aued director 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Gilad Raz officer: CIO & VP of Technical Services 1250 BROADWAY, 29TH FLOOR, NEW YORK NY 10001
Kevin E Comolli director, 10 percent owner C/O ACCEL, 500 UNIVERSITY AVE, PALO ALTO CA 94301
Thomas F Mendoza director 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Rachel Prishkolnik director 1 HAMADA STREET, HERZILIYA PITUACH L3 4673335
Gili Iohan officer: Chief Financial Officer C/O VARONIS SYSTEMS, INC., 1250 BROADWAY, 31ST FLOOR, NEW YORK NY 10001
Rona Segev-gal director C/O PITANGO VENTURE CAPITAL FUND IV L.P., 540 COWPER ST., SUITE 200, PALO ALTO CA 94301