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Varonis Systems (NAS:VRNS) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Varonis Systems Forward PE Ratio Related Terms
Varonis Systems Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Varonis Systems's Forward PE Ratio 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.
Varonis Systems Forward PE Ratio Chart
Varonis Systems Annual Data
Trend
2017-12
2018-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
196.08
192.31
232.56
86.96
123.46
141.86
99.94
Varonis Systems Quarterly Data
2017-09
2017-12
2018-06
2018-09
2018-12
2019-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
243.90
196.08
5,000.00
303.03
192.31
1,250.00
3,333.33
344.83
232.56
285.71
204.08
71.43
86.96
75.19
81.97
105.26
123.46
333.33
303.03
151.52
141.86
243.51
300.90
162.68
99.94
252.62
VRNS vs RELY, ZETA, WEX: Forward PE Ratio Comparison
For the Software - Infrastructure subindustry, Varonis Systems's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Software Industry
For the Software industry and Technology sector, Varonis Systems's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Varonis Systems's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Varonis Systems (VRNS) has a Forward PE Ratio of 396.99 as of Jul. 14, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Varonis Systems and its competitors. According to the industry distribution chart, Varonis Systems ranks #1140 out of 1172 companies in the Software industry, placing it in the top 97.3%.
Is Varonis Systems' Forward PE Ratio too high?
Varonis Systems' current Forward PE Ratio is 396.99. The Software industry median Forward PE Ratio is 18.53. Varonis Systems' value of 396.99 is 2042.4% above this industry median. Based on the distribution chart, Varonis Systems ranks #1140 out of 1172 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Varonis Systems has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varonis Systems' Forward PE Ratio compare to RELY and ZETA?
According to the Software industry distribution chart, Varonis Systems ranks #1140 out of 1172 companies for Forward PE Ratio. This places Varonis Systems in the lower half of its industry. The industry median Forward PE Ratio is 18.53. Varonis Systems' value of 396.99 is 2042.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Software company?
The median Forward PE Ratio among Software companies is 18.53, based on 1,172 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varonis Systems's current Forward PE Ratio of 396.99 is 2042.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Varonis Systems and its competitors. For the Software industry, the median Forward PE Ratio is 18.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varonis Systems's current Forward PE Ratio is 396.99. 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 $54.75, compared to a current price of $48.42 — trading 11.6% below its estimated fair value. The current Forward PE Ratio is 396.99 and 2042.4% above the Software industry median of 18.53. Varonis Systems' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Varonis Systems (VRNS), the current Forward PE Ratio is 396.99 as of Jul. 14, 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 $48.42 is trading 11.6% below its estimated GF Value™ of $54.75.
GuruFocus considers Varonis Systems to be Modestly Undervalued.
Key valuation signals for VRNS:
Forward PE Ratio: 396.99
GF Value™: $54.75 vs. price of $48.42 (11.6% below fair value)
Industry Position: 2042.4% above the Software median (#1140 of 1172)
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.
75GF Score
Get the complete analysis for VRNS
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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