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Varonis SystemsVRNS +2.54%77 EV-to-OCF is 34.85 as of Aug. 08, 2026, which is 52% below its 10-year median of 72.00. GuruFocus rates VRNS with a GF Score™ of 77/100 and a GF Value™ of $55.46 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,878 Software companies, Varonis Systems ranks worse than 86.17% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Varonis Systems's Enterprise Value is $4,816.6 Mil.
Varonis Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $138.2 Mil. Therefore, Varonis Systems's EV-to-OCF for today is 34.85.
The historical rank and industry rank for Varonis Systems's EV-to-OCF or its related term are showing as below:
VRNS'
s EV-to-OCF Range Over the Past 10 Years
Min: -1162.32 Med: 72 Max: 659.79
Current: 34.85
During the past 13 years, the highest EV-to-OCF of Varonis Systems was 659.79. The lowest was -1162.32. And the median was 72.00.
VRNS's EV-to-OCF is ranked worse than 86.17% of 2878
companies
in the Software industry
Industry Median: 6.705
vs VRNS: 34.85
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Varonis Systems's PE Ratio (TTM) for today is calculated as:
Varonis Systems's share price for today is $43.52.
Varonis Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.230.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Varonis Systems EV-to-OCF Related Terms
Varonis Systems EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Varonis Systems's EV-to-OCF 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.
For the Software - Infrastructure subindustry, Varonis Systems's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Software Industry
For the Software industry and Technology sector, Varonis Systems's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Varonis Systems's EV-to-OCF falls into.
Varonis Systems's current Enterprise Value is $4,816.6 Mil.
Varonis Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $138.2 Mil.
* 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 (VRNS) has a EV-to-OCF of 34.85 as of Aug. 08, 2026. This is 52% below median its historical median of 72.00. According to the industry distribution chart, Varonis Systems ranks #2480 out of 2878 companies in the Software industry, placing it in the top 86.2%.
Is Varonis Systems' EV-to-OCF too high?
Varonis Systems' current EV-to-OCF of 34.85 is 52% below median its 10-year median of 72.00. The Software industry median EV-to-OCF is 6.71. Varonis Systems' value of 34.85 is 419.8% above this industry median. Based on the distribution chart, Varonis Systems ranks #2480 out of 2878 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Varonis Systems has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varonis Systems' EV-to-OCF compare to GTLB and DOX?
According to the Software industry distribution chart, Varonis Systems ranks #2480 out of 2878 companies for EV-to-OCF. This places Varonis Systems in the lower half of its industry. The industry median EV-to-OCF is 6.71. Varonis Systems' value of 34.85 is 419.8% above this benchmark. While the company's 10-year median is 72.00 vs. the industry median of 6.71, Varonis Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Software company?
The median EV-to-OCF among Software companies is 6.71, based on 2,878 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varonis Systems's current EV-to-OCF of 34.85 is 419.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median EV-to-OCF is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varonis Systems's current EV-to-OCF is 34.85, which is 52% below median its own 10-year median of 72.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varonis Systems stock overvalued right now?
Based on GuruFocus' analysis, Varonis Systems (VRNS) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.46, compared to a current price of $43.52 — trading 21.5% below its estimated fair value. The current EV-to-OCF is 34.85, which is 52% below median its 10-year median of 72.00 and 419.8% above the Software industry median of 6.71. Varonis Systems' overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Varonis Systems (VRNS), the current EV-to-OCF is 34.85 as of Aug. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Varonis Systems (VRNS) Overvalued in 2026?
Based on GuruFocus' analysis, Varonis Systems stock appears to be undervalued.
The current stock price of $43.52 is trading 21.5% below its estimated GF Value™ of $55.46.
GuruFocus considers Varonis Systems to be Modestly Undervalued.
Key valuation signals for VRNS:
EV-to-OCF: 34.85 (52% below median its 10-year median of 72.00)
GF Value™: $55.46 vs. price of $43.52 (21.5% below fair value)
Industry Position: 419.8% above the Software median (#2480 of 2878)
No single metric tells the full story. See the VRNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
77GF Score
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