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Varonis Systems (FRA:VS2) E10 : €-0.77 (As of Dec. 2024)


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What is Varonis Systems E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Varonis Systems's adjusted earnings per share data for the three months ended in Dec. 2024 was €-0.115. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.77 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was -14.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Varonis Systems was -14.00% per year. The lowest was -14.00% per year. And the median was -14.00% per year.

As of today (2025-03-17), Varonis Systems's current stock price is €36.28. Varonis Systems's E10 for the quarter that ended in Dec. 2024 was €-0.77. Varonis Systems's Shiller PE Ratio of today is .


Varonis Systems E10 Historical Data

The historical data trend for Varonis Systems's E10 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 E10 Chart

Varonis Systems Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.48 -0.60 -0.68 -0.77

Varonis Systems Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 -0.68 -0.70 -0.70 -0.70 -0.77

Competitive Comparison of Varonis Systems's E10

For the Software - Infrastructure subindustry, Varonis Systems's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Software Industry

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

* The bar in red indicates where Varonis Systems's Shiller PE Ratio falls into.



Varonis Systems E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Varonis Systems's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.115/133.1571*133.1571
=-0.115

Current CPI (Dec. 2024) = 133.1571.

Varonis Systems Quarterly Data

per share eps CPI Adj_EPS
201503 -0.157 99.621 -0.210
201506 -0.074 100.684 -0.098
201509 -0.056 100.392 -0.074
201512 0.028 99.792 0.037
201603 -0.120 100.470 -0.159
201606 -0.074 101.688 -0.097
201609 -0.050 101.861 -0.065
201612 0.038 101.863 0.050
201703 -0.134 102.862 -0.173
201706 -0.062 103.349 -0.080
201709 -0.034 104.136 -0.043
201712 0.051 104.011 0.065
201803 -0.143 105.290 -0.181
201806 -0.126 106.317 -0.158
201809 -0.071 106.507 -0.089
201812 0.059 105.998 0.074
201903 -0.224 107.251 -0.278
201906 -0.239 108.070 -0.294
201909 -0.169 108.329 -0.208
201912 -0.144 108.420 -0.177
202003 -0.308 108.902 -0.377
202006 -0.231 108.767 -0.283
202009 -0.170 109.815 -0.206
202012 -0.164 109.897 -0.199
202103 -0.302 111.754 -0.360
202106 -0.257 114.631 -0.299
202109 -0.187 115.734 -0.215
202112 -0.204 117.630 -0.231
202203 -0.409 121.301 -0.449
202206 -0.312 125.017 -0.332
202209 -0.263 125.227 -0.280
202212 -0.094 125.222 -0.100
202303 -0.327 127.348 -0.342
202306 -0.323 128.729 -0.334
202309 -0.197 129.860 -0.202
202312 -0.009 129.419 -0.009
202403 -0.340 131.776 -0.344
202406 -0.195 132.554 -0.196
202409 -0.144 133.029 -0.144
202412 -0.115 133.157 -0.115

Add all the adjusted EPS together and divide 10 will get our e10.


Varonis Systems  (FRA:VS2) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Varonis Systems E10 Related Terms

Thank you for viewing the detailed overview of Varonis Systems's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Varonis Systems Business Description

Traded in Other Exchanges
Address
1250 Broadway, 28th 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 2005 and went public in 2014.

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