• Varonis Systems average price/book ratio for 2023 was 7.43, a 12.24% increase from 2022.
• Varonis Systems average price/book ratio for 2022 was 6.62, a 34.33% increase from 2021.
• Varonis Systems average price/book ratio for 2021 was 10.08, a 74.81% decline from 2020.

Price/book ratio can be defined as