Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Varonis Systems's Enterprise Value is MXN76,245 Mil.
Varonis Systems's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-2,033 Mil. Therefore, Varonis Systems's EV-to-EBIT ratio for today is -37.51.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Varonis Systems's Enterprise Value is MXN76,245 Mil.
Varonis Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-1,773 Mil. Therefore, Varonis Systems's EV-to-EBITDA ratio for today is -43.01.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Varonis Systems's Enterprise Value is MXN76,245 Mil.
Varonis Systems's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was MXN12,073 Mil. Therefore, Varonis Systems's EV-to-Revenue ratio for today is 6.32.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Varonis Systems's Enterprise Value is MXN76,245 Mil.
Varonis Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN2,107 Mil. Therefore, Varonis Systems's EV-to-FCF ratio for today is 36.19.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Varonis Systems (MEX:VRNS) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Varonis Systems's current Enterprise Value is MXN76,245 Mil.
Varonis Systems's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-2,033 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Varonis Systems's current Enterprise Value is MXN76,245 Mil.
Varonis Systems's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-1,773 Mil.
Varonis Systems's current Enterprise Value is MXN76,245 Mil.
Varonis Systems's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN12,073 Mil.
Varonis Systems's current Enterprise Value is MXN76,245 Mil.
Varonis Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN2,452 Mil.
Varonis Systems's current Enterprise Value is MXN76,245 Mil.
Varonis Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN2,107 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 Enterprise Value Related Terms
Varonis Systems Enterprise Value Historical Data
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The historical data trend for Varonis Systems's Enterprise Value 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.
MEX:VRNS vs RELY, ZETA, WEX: Enterprise Value Comparison
For the Software - Infrastructure subindustry, Varonis Systems's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Software Industry
For the Software industry and Technology sector, Varonis Systems's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Varonis Systems's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Varonis Systems's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of MXN76,245 Mil mean?
Varonis Systems (MEX:VRNS) has a Enterprise Value of MXN76,245 Mil as of Jun. 29, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Varonis Systems and its competitors.
Is Varonis Systems' Enterprise Value too high?
Varonis Systems' current Enterprise Value is MXN76,245 Mil. Overall, Varonis Systems has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Varonis Systems' Enterprise Value compare to RELY and ZETA?
Varonis Systems' Enterprise Value of MXN76,245 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Software company?
A good Enterprise Value depends on the Software industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Varonis Systems and its competitors. Varonis Systems's current Enterprise Value is MXN76,245 Mil. 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?
Varonis Systems (MEX:VRNS) has a current Enterprise Value of MXN76,245 Mil. The stock's GF Value™ is MXN573.93, compared to a current price of MXN424.59 — trading 26% below its estimated fair value. The current Enterprise Value is MXN76,245 Mil. Varonis Systems' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Varonis Systems (MEX:VRNS), the current Enterprise Value is MXN76,245 Mil as of Jun. 29, 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 (MEX:VRNS) Overvalued in 2026?
Based on GuruFocus' analysis, Varonis Systems stock appears to be undervalued.
The current stock price of MXN424.59 is trading 26% below its estimated GF Value™ of MXN573.93.
Key valuation signals for MEX:VRNS:
Enterprise Value: MXN76,245 Mil
GF Value™: MXN573.93 vs. price of MXN424.59 (26% below fair value)
No single metric tells the full story. See the MEX: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.
74GF Score
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