Varonis SystemsMEX:VRNS 74 EV-to-FCF is 36.19 as of Jun. 29, 2026, which is 49% below its 10-year median of 70.80. GuruFocus rates MEX:VRNS with a GF Score™ of 74/100 and a GF Value™ of MXN573.93. The stock has 3 warning signs investors should review. Among 1,587 Software companies, Varonis Systems ranks worse than 80.72% on this metric.
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 for today is 36.19.
The historical rank and industry rank for Varonis Systems's EV-to-FCF or its related term are showing as below:
MEX:VRNS'
s EV-to-FCF Range Over the Past 10 Years
Min: -3183.81 Med: 70.8 Max: 5550.54
Current: 37.58
During the past 13 years, the highest EV-to-FCF of Varonis Systems was 5550.54. The lowest was -3183.81. And the median was 70.80.
MEX:VRNS's EV-to-FCF is ranked worse than 80.72% of 1587
companies
in the Software industry
Industry Median: 13.97
vs MEX:VRNS: 37.58
EV-to-FCF 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-FCF 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 MXN424.59.
Varonis Systems's Earnings per Share (Diluted) 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-20.914.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Varonis Systems EV-to-FCF Related Terms
Varonis Systems EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Varonis Systems's EV-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.
For the Software - Infrastructure subindustry, Varonis Systems's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Software Industry
For the Software industry and Technology sector, Varonis Systems's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Varonis Systems's EV-to-FCF falls into.
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 (MEX:VRNS) has a EV-to-FCF of 36.19 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Varonis Systems and its competitors. This is 49% below median its historical median of 70.80. According to the industry distribution chart, Varonis Systems ranks #1281 out of 1587 companies in the Software industry, placing it in the top 80.7%.
Is Varonis Systems' EV-to-FCF too high?
Varonis Systems' current EV-to-FCF of 36.19 is 49% below median its 10-year median of 70.80. The Software industry median EV-to-FCF is 13.97. Varonis Systems' value of 36.19 is 159.1% above this industry median. Based on the distribution chart, Varonis Systems ranks #1281 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Varonis Systems has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Varonis Systems' EV-to-FCF compare to RELY and ZETA?
According to the Software industry distribution chart, Varonis Systems ranks #1281 out of 1587 companies for EV-to-FCF. This places Varonis Systems in the lower half of its industry. The industry median EV-to-FCF is 13.97. Varonis Systems' value of 36.19 is 159.1% above this benchmark. While the company's 10-year median is 70.80 vs. the industry median of 13.97, 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-FCF for a Software company?
The median EV-to-FCF among Software companies is 13.97, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varonis Systems's current EV-to-FCF of 36.19 is 159.1% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Varonis Systems and its competitors. For the Software industry, the median EV-to-FCF is 13.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varonis Systems's current EV-to-FCF is 36.19, which is 49% below median its own 10-year median of 70.80. 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 EV-to-FCF of 36.19. 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 EV-to-FCF is 36.19, which is 49% below median its 10-year median of 70.80 and 159.1% above the Software industry median of 13.97. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Varonis Systems (MEX:VRNS), the current EV-to-FCF is 36.19 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:
EV-to-FCF: 36.19 (49% below median its 10-year median of 70.80)
GF Value™: MXN573.93 vs. price of MXN424.59 (26% below fair value)
Industry Position: 159.1% above the Software median (#1281 of 1587)
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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