Varonis SystemsLTS:0VOU +3.23%79 PB Ratio is 10.85 as of Jul. 02, 2026, which is 8% below its 10-year median of 11.83. GuruFocus rates LTS:0VOU with a GF Score™ of 79/100 and a GF Value™ of $55.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,622 Software companies, Varonis Systems ranks worse than 91.19% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-02), Varonis Systems's share price is $42.87. Varonis Systems's Book Value per Share for the quarter that ended in Mar. 2026 was $3.95. Hence, Varonis Systems's PB Ratio of today is 10.85.
The historical rank and industry rank for Varonis Systems's PB Ratio or its related term are showing as below:
LTS:0VOU'
s PB Ratio Range Over the Past 10 Years
Min: 3.31 Med: 11.83 Max: 72.59
Current: 10.61
During the past 13 years, Varonis Systems's highest PB Ratio was 72.59. The lowest was 3.31. And the median was 11.83.
LTS:0VOU's PB Ratio is ranked worse than 91.19% of 2622
companies
in the Software industry
Industry Median: 2.37
vs LTS:0VOU: 10.61
During the past 12 months, Varonis Systems's average Book Value Per Share Growth Rate was 21.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 23.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Varonis Systems was 66.00% per year. The lowest was -10.20% per year. And the median was 3.00% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Varonis Systems PB Ratio Related Terms
Varonis Systems PB Ratio Historical Data
* Premium members only.
The historical data trend for Varonis Systems's PB 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.
For the Software - Infrastructure subindustry, Varonis Systems's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Varonis Systems's PB Ratio distribution charts can be found below:
* The bar in red indicates where Varonis Systems's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Varonis Systems's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Varonis Systems (LTS:0VOU) has a PB Ratio of 10.85 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Varonis Systems and its competitors. This is near median its historical median of 11.83. Over the past decade, Varonis Systems' PB Ratio has ranged from 3.31 to 72.59. According to the industry distribution chart, Varonis Systems ranks #2391 out of 2622 companies in the Software industry, placing it in the top 91.2%.
Is Varonis Systems' PB Ratio too high?
Varonis Systems' current PB Ratio of 10.85 is near median its 10-year median of 11.83. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 72.59. The Software industry median PB Ratio is 2.37. Varonis Systems' value of 10.85 is 357.8% above this industry median. Based on the distribution chart, Varonis Systems ranks #2391 out of 2622 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Varonis Systems has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Varonis Systems' PB Ratio compare to RELY and ZETA?
According to the Software industry distribution chart, Varonis Systems ranks #2391 out of 2622 companies for PB Ratio. This places Varonis Systems in the lower half of its industry. The industry median PB Ratio is 2.37. Varonis Systems' value of 10.85 is 357.8% above this benchmark. Historically, Varonis Systems' own PB Ratio has ranged from 3.31 to 72.59 over the past decade. While the company's 10-year median is 11.83 vs. the industry median of 2.37, 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.37, based on 2,622 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Varonis Systems's current PB Ratio of 10.85 is 357.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Varonis Systems and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Varonis Systems's current PB Ratio is 10.85, which is near median its own 10-year median of 11.83. 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 (LTS:0VOU) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.75, compared to a current price of $42.87 — trading 23.1% below its estimated fair value. The current PB Ratio is 10.85, which is near median its 10-year median of 11.83 and 357.8% above the Software industry median of 2.37. Varonis Systems' overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Varonis Systems (LTS:0VOU), the current PB Ratio is 10.85 as of Jul. 02, 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 (LTS:0VOU) Overvalued in 2026?
Based on GuruFocus' analysis, Varonis Systems stock appears to be undervalued.
The current stock price of $42.87 is trading 23.1% below its estimated GF Value™ of $55.75.
GuruFocus considers Varonis Systems to be Modestly Undervalued.
Key valuation signals for LTS:0VOU:
PB Ratio: 10.85 (near median its 10-year median of 11.83)
GF Value™: $55.75 vs. price of $42.87 (23.1% below fair value)
Industry Position: 357.8% above the Software median (#2391 of 2622)
No single metric tells the full story. See the LTS:0VOU 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.
79GF Score
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