Varex Imaging (VREX) Stock Price

Varex Imaging Price

NASDAQ·CLOSED
18.49USD-0.01 (-0.05 %)
Market closed

Revenue has compounded at 2.0% per year over the past 12 years to 844.60 M USD. Earnings per share have declined at 7.0% per year over the last 8 years. Varex Imaging's net margin stands at -8.3%, down from 2.1% several years earlier. Analysts set a median price target of 18.36 USD, implying 0.7% below the current price. Of 11 analysts, 9 rate the stock a buy — an overall Buy consensus. The stock trades about 98% above its 52-week low.

Varex Imaging stock price

Volume
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Varex Imaging over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Varex Imaging stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Varex Imaging's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Varex Imaging Stock Price History
DateVarex Imaging Price
8/14/202618.49 USD
8/13/202618.50 USD
8/12/202618.55 USD
8/10/202618.46 USD
8/7/202612.41 USD
8/6/202612.25 USD
8/5/202612.29 USD
8/4/202612.31 USD
8/3/202611.92 USD
7/31/202611.19 USD
7/30/202611.07 USD
7/29/202611.02 USD
7/27/202611.13 USD
7/23/202610.72 USD
7/22/202610.66 USD
7/21/202610.72 USD
7/20/202610.62 USD
7/17/202610.55 USD
7/16/202610.76 USD
7/15/202610.79 USD
7/14/202610.57 USD
7/13/202611.19 USD
7/10/202611.05 USD
7/9/202610.77 USD
7/8/202610.76 USD
7/7/202610.65 USD
7/6/202610.63 USD
7/2/202610.61 USD
7/1/202610.68 USD
6/30/202610.43 USD
6/29/20269.98 USD
6/26/202610.29 USD
6/25/202610.29 USD
6/24/202610.37 USD
6/23/202610.52 USD
6/22/202610.45 USD
6/18/202610.49 USD
6/17/202610.47 USD
6/16/202610.36 USD
6/15/202610.73 USD
6/12/202611.30 USD
6/11/202610.67 USD
6/10/202610.72 USD
6/9/202610.62 USD
6/8/202610.29 USD
6/5/202610.09 USD
6/4/202610.46 USD
6/3/202610.15 USD
6/2/20269.94 USD
6/1/202610.03 USD
5/29/202610.23 USD
5/28/202610.52 USD
5/27/202610.21 USD
5/26/202610.17 USD
5/22/202610.07 USD
5/21/202610.13 USD
5/20/202610.13 USD
5/19/20269.32 USD
5/18/20269.70 USD
5/15/20269.66 USD
5/14/202610.02 USD
5/13/202610.07 USD
5/12/20269.87 USD
5/11/20269.70 USD
5/8/20269.83 USD
5/7/202611.83 USD
5/6/202612.17 USD
5/5/202611.53 USD
5/4/202611.61 USD
5/1/202611.61 USD
4/30/202611.65 USD
4/29/202611.03 USD
4/28/202612.07 USD
4/27/202612.71 USD
4/24/202612.53 USD
4/23/202612.21 USD
4/22/202612.14 USD
4/21/202612.00 USD
4/20/202611.97 USD
4/17/202612.01 USD
4/16/202611.60 USD
4/15/202611.78 USD
4/14/202611.74 USD
4/13/202611.42 USD
4/10/202611.18 USD
4/9/202610.96 USD
4/8/202611.04 USD
4/7/202610.59 USD
4/6/202610.56 USD
4/2/202610.50 USD
4/1/202610.62 USD
3/31/202610.61 USD
3/30/202610.34 USD
3/27/202610.73 USD
3/26/202610.78 USD
3/25/202610.69 USD
3/24/202610.62 USD
3/23/202610.82 USD
3/20/202610.66 USD
3/19/202611.09 USD
3/18/202611.09 USD
3/17/202611.34 USD
3/16/202611.14 USD
3/13/202610.81 USD
3/12/202610.86 USD
3/11/202611.29 USD
3/10/202611.23 USD
3/9/202611.40 USD
3/6/202611.53 USD
3/5/202612.58 USD
3/4/202613.01 USD
3/3/202612.88 USD
3/2/202613.15 USD
2/27/202613.17 USD
2/26/202613.52 USD
2/25/202613.64 USD
2/24/202613.47 USD
2/23/202613.31 USD
2/20/202613.59 USD
2/19/202613.75 USD
2/18/202613.79 USD
2/17/202613.50 USD
2/13/202613.52 USD
2/12/202613.38 USD
2/11/202613.61 USD
2/10/202614.15 USD
2/9/202614.04 USD
2/6/202614.00 USD
2/5/202613.78 USD
2/4/202613.93 USD
2/3/202613.93 USD
2/2/202614.16 USD
1/30/202613.94 USD
1/29/202613.95 USD
1/28/202613.98 USD
1/27/202614.08 USD
1/26/202613.95 USD
1/23/202613.85 USD
1/22/202614.36 USD
1/21/202614.15 USD
1/20/202613.55 USD
1/16/202613.79 USD
1/15/202613.86 USD
1/14/202613.68 USD
1/13/202613.46 USD
1/12/202613.31 USD
1/9/202613.43 USD
1/8/202613.24 USD
1/7/202612.60 USD
1/6/202612.65 USD
1/5/202612.31 USD
1/2/202611.65 USD
12/31/202511.65 USD
12/30/202511.94 USD
12/29/202511.88 USD
12/26/202511.83 USD
12/24/202512.14 USD
12/23/202512.06 USD
12/22/202512.33 USD
12/19/202512.29 USD
12/18/202512.33 USD
12/17/202511.91 USD
12/16/202511.86 USD
12/15/202511.80 USD
12/12/202511.71 USD
12/11/202511.76 USD
12/10/202511.70 USD
12/9/202511.52 USD
12/8/202511.46 USD
12/5/202511.58 USD
12/4/202511.54 USD
12/3/202511.46 USD
12/2/202511.33 USD
12/1/202511.52 USD
11/28/202511.57 USD
11/26/202511.57 USD
11/25/202511.21 USD
11/24/202511.02 USD
11/21/202510.67 USD
11/20/202510.29 USD
11/19/202510.24 USD
11/18/202511.86 USD
11/17/202511.43 USD
11/14/202511.92 USD
11/13/202512.02 USD
11/12/202512.35 USD
11/11/202512.46 USD
11/10/202512.06 USD
11/7/202511.97 USD
11/6/202511.89 USD
11/5/202511.86 USD
11/4/202511.80 USD
11/3/202512.04 USD
10/31/202511.69 USD
10/30/202511.85 USD
10/29/202512.02 USD
10/28/202512.46 USD
10/27/202511.92 USD
10/24/202511.99 USD
10/23/202511.88 USD
10/22/202511.79 USD
10/21/202511.65 USD
10/20/202511.63 USD
10/17/202511.53 USD
10/16/202511.58 USD
10/15/202511.70 USD
10/14/202511.48 USD
10/13/202511.25 USD
10/10/202510.81 USD
10/9/202511.29 USD
10/8/202511.77 USD
10/7/202511.56 USD
10/6/202511.86 USD
10/3/202511.94 USD
10/2/202511.86 USD
10/1/202512.23 USD
9/30/202512.40 USD
9/29/202512.12 USD
9/26/202512.06 USD
9/25/202511.96 USD
9/24/202512.26 USD
9/23/202512.15 USD
9/22/202512.20 USD
9/19/202512.28 USD
9/18/202512.34 USD
9/17/202511.60 USD
9/16/202511.63 USD
9/15/202511.48 USD
9/12/202511.30 USD
9/11/202511.50 USD
9/10/202510.96 USD
9/9/202511.59 USD
9/8/202511.67 USD
9/5/202511.65 USD
9/4/202511.66 USD
9/3/202511.02 USD
9/2/202511.60 USD
8/29/202511.55 USD
8/28/202511.47 USD
8/27/202511.45 USD
8/26/202511.28 USD
8/25/202511.40 USD
8/22/202511.62 USD
8/21/202511.34 USD
8/20/202511.23 USD
8/19/202511.27 USD
8/18/202511.03 USD
Access this data via the Eulerpool API
Get Free API Key

Varex Imaging Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
893.40 M USD
77.10 M USD
47.40 M USD
Jan 1, 2024
811.00 M USD
27.90 M USD
-47.70 M USD
Jan 1, 2025
844.60 M USD
-32.20 M USD
-70.30 M USD
Jan 1, 2026 (e)
868.65 M USD
44.64 M USD
40.22 M USD
Jan 1, 2027 (e)
903.60 M USD
46.37 M USD
44.50 M USD
Jan 1, 2028 (e)
945.50 M USD
48.46 M USD
54.47 M USD
Jan 1, 2029 (e)
1.04 B USD
53.41 M USD
79.61 M USD
Jan 1, 2030 (e)
1.15 B USD
58.74 M USD
104.75 M USD

Varex Imaging Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 17, 2026, 6:04 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.630.620.700.770.780.740.820.860.890.810.840.870.900.951.041.15
-7.74-1.9012.5810.740.91-5.3810.845.013.96-9.184.072.844.034.6510.269.98
39.5640.0036.2532.7332.8225.7533.1332.9532.4731.5734.3634.3634.3634.3634.3634.36
250.00248.00253.00253.00256.00190.00271.00283.00290.00256.00290.00298.25310.27324.70358.03393.77
127.00109.0083.0044.008.00-48.0074.0088.0077.0027.00-32.0044.0046.0048.0053.0058.00
20.0917.5811.895.691.03-6.509.0510.248.623.33-3.795.075.095.085.095.06
80.0068.0051.0027.0015.00-57.0017.0030.0047.00-47.00-70.0040.0044.0054.0079.00104.00
-27.27-15.00-25.00-47.06-44.44-480.00-129.8276.4756.67-200.0048.94-157.1410.0022.7346.3031.65
38.4037.4038.2038.3038.5039.1043.9040.6040.6041.1042.3042.3042.3042.3042.3042.30
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Varex Imaging generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Varex Imaging retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Varex Imaging's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Varex Imaging has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Varex Imaging's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Varex Imaging stock margins

The Varex Imaging margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Varex Imaging. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Varex Imaging.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
33.19 %
9.06 %
2.13 %
Jan 1, 2022
32.99 %
10.26 %
3.53 %
Jan 1, 2023
32.49 %
8.63 %
5.31 %
Jan 1, 2024
31.68 %
3.44 %
-5.88 %
Jan 1, 2025
34.39 %
-3.81 %
-8.32 %
Jan 1, 2026 (e)
34.39 %
5.14 %
4.63 %
Jan 1, 2027 (e)
34.39 %
5.13 %
4.92 %
Jan 1, 2028 (e)
34.39 %
5.13 %
5.76 %

Varex Imaging Stock Revenue, EBIT, Earnings per Share

The Varex Imaging earnings per share therefore indicates how much revenue Varex Imaging has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
18.64 USD
1.69 USD
0.40 USD
Jan 1, 2022
21.17 USD
2.17 USD
0.75 USD
Jan 1, 2023
22.00 USD
1.90 USD
1.17 USD
Jan 1, 2024
19.73 USD
0.68 USD
-1.16 USD
Jan 1, 2025
19.97 USD
-0.76 USD
-1.66 USD
Jan 1, 2026 (e)
20.73 USD
1.06 USD
0.96 USD
Jan 1, 2027 (e)
21.57 USD
1.10 USD
1.06 USD
Jan 1, 2028 (e)
22.57 USD
1.15 USD
1.30 USD

Varex Imaging business model & stock analysis

Varex Imaging Corp is a US-based company specializing in the manufacturing of X-ray tubes and other medical imaging solutions. The company was founded in 1946 as part of Varian Associates and became an independent company in 2017. Varex Imaging Corp has expanded its business and is involved in other areas of the X-ray industry. The company's business model focuses on developing and producing medical imaging solutions for various applications in healthcare, science, and industry. Varex Imaging Corp offers X-ray devices for use in diagnostics, radiation therapy, medical laboratory diagnostics, and industrial imaging. It also provides various X-ray components such as detectors, tubes, and accessories. One of Varex Imaging Corp's main business fields is medical technology. The company manufactures X-ray devices for a variety of applications, including mammography, computed tomography (CT), radiography, and fluoroscopy. The company has focused on developing solutions for interventional radiology and radiation therapy to meet the need for patient-friendly procedures and reduced radiation exposure. Another important business field for the company is industrial imaging, where it develops and produces X-ray systems for various industrial applications. Examples of applications include material testing, food and beverage industry, welding technology, and the transportation sector. Varex Imaging Corp also operates a division for computational imaging, specializing in the development of software solutions for medical imaging that enable higher resolution, contrast enhancement, and image reconstruction. The products of Varex Imaging Corp include X-ray components such as detectors, tubes, and accessories, as well as complete X-ray systems for various applications. The company's X-ray components are manufactured for use in their own systems as well as for use in third-party X-ray systems. Varex Imaging Corp also offers its customers comprehensive services, including fast system repairs and prompt delivery of spare parts. Overall, Varex Imaging Corp has established itself as a significant player in the X-ray industry. The company has expanded its operations in recent years and focuses on developing innovative imaging solutions. It strives to further diversify its business to strengthen its position in the market and provide its customers with a wide range of solutions for medical imaging, science, and industry.

Varex Imaging SWOT Analysis

Strengths

Varex Imaging Corp possesses several strengths that contribute to its success:

  • Strong brand reputation and recognition in the imaging industry.
  • Leading technology and innovative product offerings.
  • Robust distribution network and global presence.
  • A diverse portfolio of high-quality imaging components and solutions.
  • Strong financial performance and stability.

Despite its strengths, Varex Imaging Corp also faces certain weaknesses:

  • Dependence on a limited number of major clients.
  • Relatively high production costs leading to reduced profit margins.
  • Vulnerable to changes in government regulations and policies related to healthcare and medical devices.
  • Limited geographical diversification, with a significant portion of revenue derived from a few key markets.

Varex Imaging Corp can leverage the following opportunities to fuel its future growth:

  • Increasing demand for medical imaging technologies and solutions, driven by the aging global population and advancements in healthcare.
  • Expansion into emerging markets with growing healthcare infrastructure.
  • Potential partnerships with other market players to enhance product offerings and market reach.
  • Investment in research and development to introduce new, cutting-edge imaging technologies.
  • Exploring opportunities in non-medical imaging applications, such as industrial and security sectors.

Varex Imaging Corp should be aware of the following threats that could impact its business:

  • Intense competition from other established imaging companies.
  • Rapid technological advancements leading to shorter product lifecycles.
  • Potential disruptions in the global supply chain and raw material shortages.
  • Stricter regulatory requirements and compliance costs.
  • Economic downturns and fluctuations in healthcare spending.

Weaknesses

Despite its strengths, Varex Imaging Corp also faces certain weaknesses:

  • Dependence on a limited number of major clients.
  • Relatively high production costs leading to reduced profit margins.
  • Vulnerable to changes in government regulations and policies related to healthcare and medical devices.
  • Limited geographical diversification, with a significant portion of revenue derived from a few key markets.

Varex Imaging Corp can leverage the following opportunities to fuel its future growth:

  • Increasing demand for medical imaging technologies and solutions, driven by the aging global population and advancements in healthcare.
  • Expansion into emerging markets with growing healthcare infrastructure.
  • Potential partnerships with other market players to enhance product offerings and market reach.
  • Investment in research and development to introduce new, cutting-edge imaging technologies.
  • Exploring opportunities in non-medical imaging applications, such as industrial and security sectors.

Varex Imaging Corp should be aware of the following threats that could impact its business:

  • Intense competition from other established imaging companies.
  • Rapid technological advancements leading to shorter product lifecycles.
  • Potential disruptions in the global supply chain and raw material shortages.
  • Stricter regulatory requirements and compliance costs.
  • Economic downturns and fluctuations in healthcare spending.

Opportunities

Varex Imaging Corp can leverage the following opportunities to fuel its future growth:

  • Increasing demand for medical imaging technologies and solutions, driven by the aging global population and advancements in healthcare.
  • Expansion into emerging markets with growing healthcare infrastructure.
  • Potential partnerships with other market players to enhance product offerings and market reach.
  • Investment in research and development to introduce new, cutting-edge imaging technologies.
  • Exploring opportunities in non-medical imaging applications, such as industrial and security sectors.

Varex Imaging Corp should be aware of the following threats that could impact its business:

  • Intense competition from other established imaging companies.
  • Rapid technological advancements leading to shorter product lifecycles.
  • Potential disruptions in the global supply chain and raw material shortages.
  • Stricter regulatory requirements and compliance costs.
  • Economic downturns and fluctuations in healthcare spending.

Threats

Varex Imaging Corp should be aware of the following threats that could impact its business:

  • Intense competition from other established imaging companies.
  • Rapid technological advancements leading to shorter product lifecycles.
  • Potential disruptions in the global supply chain and raw material shortages.
  • Stricter regulatory requirements and compliance costs.
  • Economic downturns and fluctuations in healthcare spending.

Varex Imaging Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Varex Imaging Employees
Details
Date
Varex Imaging Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Varex Imaging Segments

Varex Imaging Revenue by Segment (1/2)

  • 3 Years

  • Max

Medical
Details
Date
Medical
Jan 1, 2017
0.00 USD
Jan 1, 2018
0.00 USD
Jan 1, 2019
0.00 USD
Jan 1, 2020
0.00 USD
Jan 1, 2021
0.00 USD
Jan 1, 2022
674.70 M USD
Jan 1, 2024
581.70 M USD
Jan 1, 2025
0.00 USD

Varex Imaging Revenue by Segment (2/2)

  • 3 Years

  • 5 Years

  • Max

Medical
Industrial
Details
Date
Medical
Industrial
Jan 1, 2017
556.90 M USD
141.20 M USD
Jan 1, 2018
602.00 M USD
171.40 M USD
Jan 1, 2019
596.80 M USD
183.80 M USD
Jan 1, 2020
584.50 M USD
153.80 M USD
Jan 1, 2021
643.80 M USD
174.30 M USD
Jan 1, 2022
0.00 USD
184.70 M USD
Jan 1, 2024
0.00 USD
229.30 M USD
Jan 1, 2025
592.60 M USD
252.00 M USD

Varex Imaging Revenue by Region

  • 3 Years

  • 5 Years

  • Max

Other Countries
EMEA
APAC
Americas
United States
JAPAN
CHINA
Latin America
Details
Date
Other Countries
EMEA
APAC
Americas
United States
JAPAN
CHINA
Latin America
Jan 1, 2017
0.00 USD
219.50 M USD
238.80 M USD
239.80 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
254.50 M USD
243.10 M USD
0.00 USD
268.80 M USD
0.00 USD
0.00 USD
7.00 M USD
Jan 1, 2019
0.00 USD
269.00 M USD
229.00 M USD
0.00 USD
275.30 M USD
0.00 USD
0.00 USD
7.30 M USD
Jan 1, 2020
0.00 USD
231.50 M USD
251.80 M USD
0.00 USD
249.80 M USD
0.00 USD
0.00 USD
5.20 M USD
Jan 1, 2021
0.00 USD
276.30 M USD
273.30 M USD
268.50 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
280.80 M USD
305.30 M USD
273.30 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.00 USD
290.70 M USD
320.90 M USD
281.80 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
317.90 M USD
284.80 M USD
283.30 M USD
276.50 M USD
254.90 M USD
143.50 M USD
128.30 M USD
0.00 USD

Varex Imaging Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Varex Imaging historical P/E ratio, EBIT multiple, and P/S ratio

Varex Imaging annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Varex Imaging shares outstanding

The number of shares of Varex Imaging was 42.3 M in 2025. This indicates how many shares Varex Imaging is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
43.90 M Stocks
Jan 1, 2022
40.60 M Stocks
Jan 1, 2023
40.60 M Stocks
Jan 1, 2024
41.10 M Stocks
Jan 1, 2025
42.30 M Stocks
Jan 1, 2026 (e)
42.30 M Stocks
Jan 1, 2027 (e)
42.30 M Stocks
Jan 1, 2028 (e)
42.30 M Stocks

Current Varex Imaging forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
81.82 % (9)
Hold
18.18 % (2)
Sell
0.00 % (0)
12M Price Target
18.36
Last Price
18.49
Currency
USD
12M Return Potential
-0.70 %
LTM Return
0 %

Varex Imaging Analyst Rating Actions

DateFirmActionRatingReliability
11/19/2025
Oppenheimer
Oppenheimer
MaintainedOutperform65
11/19/2025
B. Riley Securities
B. Riley Securities
MaintainedBuy–
8/8/2025
B. Riley Securities
B. Riley Securities
MaintainedBuy–
2/7/2025
Oppenheimer
Oppenheimer
MaintainedOutperform65
2/7/2025
B. Riley Securities
B. Riley Securities
MaintainedBuy–
11/15/2023
Oppenheimer
Oppenheimer
MaintainedOutperform65
8/2/2023
Oppenheimer
Oppenheimer
MaintainedOutperform65
5/24/2023
Jefferies
Jefferies
MaintainedHold47
10/12/2022
Jefferies
Jefferies
MaintainedHold47
2/5/2021
Oppenheimer
Oppenheimer
UpgradePerformOutperform65

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Varex Imaging Earnings Calls

2025

Varex Imaging Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/10/20260.21USD-218.22 MUSD-2026 Q3
5/6/20260.21USD-221.26 MUSD-2026 Q2
2/10/20260.14USD-211.85 MUSD-2026 Q1
11/18/20250.19USD-223.64 MUSD-2025 Q4
11/19/20240.09USD-203.38 MUSD-2024 Q4
4/30/20240.22USD-211.17 MUSD-2024 Q2
1/29/20240.11USD-191.83 MUSD-2024 Q1
11/13/20230.40USD-248.22 MUSD-2023 Q4
7/31/20230.43USD-231.06 MUSD-2023 Q3
5/1/20230.33USD-219.95 MUSD-2023 Q2

EESG©

Eulerpool ESG Scorecard© for the Varex Imaging stock

89/100
99
Environment
99
Social
69
Governance
E

Environment

20
Scope 1 - Direct Emissions4,856
Scope 2 - Indirect emissions from purchased energy11,725
Scope 3 - Indirect emissions within the value chain146
Total CO₂ emissions16,581
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees23.361
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Varex Imaging shareholder structure

% Name
9.52116%
Pzena Investment Management, LLC
Pzena Investment Management, LLC
7.67820%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
7.02681%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
6.34335%
Allspring Global Investments, LLC
Allspring Global Investments, LLC
4.21217%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
3.89624%
Cooke & Bieler, L.P.
Cooke & Bieler, L.P.
...

Varex Imaging Beneficial Ownership Filings (SEC 13D/G)

Free Float
98.3%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
16.90%
(1) BlackRock, Inc.
(1) BlackRock, Inc.
SEC ↗
10.78%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
10.20%
PZENA INVESTMENT MANAGEMENT LLC
PZENA INVESTMENT MANAGEMENT LLC
SEC ↗
8.20%
BlackRock, Inc.
BlackRock, Inc.
SEC ↗
7.01%
Allspring Global Investments, LLC
Allspring Global Investments, LLC
SEC ↗
6.20%
30-0447847
30-0447847
SEC ↗
6.00%
COOKE & BIELER LP233082822
COOKE & BIELER LP233082822
SEC ↗
5.33%
QV Investors Inc.
QV Investors Inc.
SEC ↗
5.23%
Wells Fargo & Company
Wells Fargo & Company
SEC ↗
5.10%
EIN #00-0000000
EIN #00-0000000
SEC ↗

Varex Imaging Executives and Management Board

13 members · avg. age 63 · 23 % women

SS

Mr. Sunny Sanyal (61)

President, Chief Executive Officer, Director · since 2017

4.63 M USD

Management

SM

Mr. Shubham Maheshwari (54)

Chief Financial Officer

1.86 M USD
AH

Mr. Andrew Hartmann (63)

Senior Vice President, General Manager - Detectors

1.26 M USD
MJ

Mr. Mark Jonaitis (64)

Senior Vice President, General Manager - X-Ray Sources

1.18 M USD
KA

Ms. Karen Aranki (51)

Chief Human Resources Officer

1.18 M USD
MM

Mr. Matthew Martinez (44)

Chief Legal Officer and Corporate Secretary

–

Board of Directors

WR

Mr. Walter Rosebrough (71)

Independent Chairman of the Board

286,994.00 USD
CT

Ms. Christine Tsingos (67)

Independent Director

267,994.00 USD
TG

Mr. Timothy Guertin (76)

Independent Director

254,994.00 USD
KB

Ms. Kathleen Bardwell (69)

Independent Director

252,994.00 USD
JC

Dr. Jocelyn Chertoff (70)

Independent Director

252,994.00 USD
JK

Mr. Jay Kunkel (66)

Independent Director

251,994.00 USD

Varex Imaging Supply Chain

Varex Imaging Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
8 companies
#NameTrend
1
Siemens Healthineers
Customer·Health Care Equipment & Supplies·DE
0.82
0.77
0.29
0.87
0.64
0.89
2
General Electric
Customer·Industrial Conglomerates·US
-0.49
-0.76
0.22
0.41
0.56
0.87
3
Canon
Customer·Technology Hardware, Storage & Peripherals·JP
0.39
0.71
-0.69
-0.60
-0.66
0.75
4
Micro X
Customer·Health Care Equipment & Supplies·AU
0.58
-0.43
-0.58
0.72
0.68
0.40
#NameTrend
1
Varian Medical Systems, Inc.
Supplier·Customer·US
0.80
0.80
-0.35
-0.86
—
—
2
MeVis Medical Solutions
Supplier·Customer·Health Care Technology·DE
0.45
0.37
-0.23
-0.72
-0.41
-0.49
3
Koninklijke Philips
Customer·Health Care Equipment & Supplies·NL
0.29
-0.48
0.42
0.80
0.62
-0.29
4
Elekta B
Customer·SE
0.39
0.69
0.68
0.95
0.79
0.11

Frequently asked questions about Varex Imaging

Varex Imaging Corp is a leading manufacturer of X-ray tubes and image processing software used in the medical imaging industry. The company's business model revolves around providing innovative solutions and technologies that help healthcare professionals deliver accurate diagnoses and treatment plans. Varex Imaging Corp focuses on developing cutting-edge products that enable high-quality imaging, enhanced patient care, and improved clinical outcomes. With its strong commitment to research and development, Varex Imaging Corp strives to remain at the forefront of the medical imaging field, continuously adapting to evolving customer needs and industry trends.

Varex Imaging Corp is primarily active in the medical imaging industry.

The main competitors of Varex Imaging Corp in the market include companies such as General Electric Company, Toshiba Corporation, Canon Inc., and Siemens Healthineers AG.

Varex Imaging Corp, established in 2017, is a leading manufacturer of X-ray tubes and imaging solutions. With its headquarters in Salt Lake City, Utah, the company provides advanced technology products to the medical and industrial imaging markets. Varex Imaging Corp has a rich history as a spin-off from Varian Medical Systems, a renowned medical technology company. Leveraging decades of experience and expertise, Varex focuses on developing innovative X-ray components and digital detectors used in medical devices, as well as solutions for security and industrial applications. This commitment to cutting-edge imaging technologies has positioned Varex Imaging Corp as a trusted global provider in the industry.

Varex Imaging Corp has achieved several significant milestones throughout its history. The company, a leading supplier of medical X-ray tubes and image processing solutions, has successfully established collaborations with key players in the healthcare industry. Varex has introduced innovative technologies, such as the X-ray tube with a carbon nanotube electron emitter, enhancing the quality and efficiency of medical imaging. The company has also expanded its global presence by establishing regional manufacturing and service centers worldwide. Additionally, Varex Imaging Corp has received numerous accolades, including prestigious awards for its commitment to sustainability and corporate responsibility. These accomplishments demonstrate Varex's dedication to advancing medical imaging technologies and delivering value to customers.

Varex Imaging Corp is primarily present in various countries and regions worldwide. Its operations span across North America, Europe, Asia Pacific, and Latin America. With a strong global presence, Varex Imaging Corp serves customers in the medical imaging, industrial imaging, and security markets. The company's commitment to innovation and advanced technology has allowed it to establish a significant market share in these regions, driving growth and delivering cutting-edge solutions to its customers.

Varex Imaging Corp represents a set of core values and corporate philosophy that drives its business endeavors. With a commitment to excellence, innovation, and customer satisfaction, Varex Imaging Corp strives to deliver high-quality imaging solutions. The company focuses on leveraging its expertise in X-ray imaging to develop cutting-edge products and drive advancements in healthcare, industrial, and security applications. By prioritizing integrity, collaboration, and a customer-centric approach, Varex Imaging Corp aims to build strong relationships and provide valuable solutions for its clients worldwide.

Analysts currently set an average price target of 19.18 USD for the Varex Imaging stock (median: 18.36 USD), implying +3.7 % versus the latest price. The consensus is based on 11 analyst ratings.

Varex Imaging Analyst Price Targets 2026

11 analysts currently rate the Varex Imaging stock: 9 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Varex Imaging to generate revenue of 868.65 M USD and earnings per share of 0.95 USD.

Varex Imaging Analyst Price Targets 2026

Converted at the current exchange rate, the Varex Imaging share trades at 15.98 EUR (18.49 USD).

The Varex Imaging share (VREX) is listed on 5 stock exchanges, including: NASDAQ (VREX), Frankfurt (VI4), München (VI4.MU), Düsseldorf (VI4.DU), SIX (Zürich) (VI4.SW).

Varex Imaging Corp. is a leading provider of X-ray components and digital imaging solutions for the healthcare sector, security, and industrial imaging. The company is headquartered in Salt Lake City, Utah, USA and has offices and distribution partnerships in more than 65 countries worldwide.

The expected revenue of Varex Imaging is 868.65 M USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Varex Imaging is 40.22 M USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Varex Imaging is currently 19.44. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Varex Imaging stock.

The price-to-sales ratio (P/S) of Varex Imaging is currently 0.90. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Varex Imaging stock.

The Eulerpool Quality Score for Varex Imaging is 1/10.

The ISIN of Varex Imaging is US92214X1063. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Varex Imaging is A2DKK2. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Varex Imaging is VREX. The ticker symbol is used to trade Varex Imaging shares on the stock exchange.

Varex Imaging paid dividends every year for the past 0 years.

Varex Imaging is assigned to the 'Health' sector.

The dividends of Varex Imaging are distributed in USD.

All fundamentals and in-depth analysis of Varex Imaging

Our stock analysis for Varex Imaging stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Varex Imaging. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Varex Imaging Stock
Varex Imaging Revenue→
Varex Imaging Stock
Varex Imaging Net Income→
Varex Imaging Stock
Varex Imaging P/E→
Varex Imaging Stock
Varex Imaging P/S→
Varex Imaging Stock
Varex Imaging EBIT→
Varex Imaging Stock
Varex Imaging Dividend→
Varex Imaging Stock
Varex Imaging Directors Dealings→
Varex Imaging Stock
Varex Imaging Stocks→
Varex Imaging Stock
Varex Imaging Market capitalization→
Varex Imaging Stock
Varex Imaging Debt→
Varex Imaging Stock
Varex Imaging Liabilities→
Varex Imaging Stock
Varex Imaging Equity→
Varex Imaging Stock
Varex Imaging AAQS→
Varex Imaging Stock
Varex Imaging Employees→
Varex Imaging Stock
Varex Imaging ROE→
Varex Imaging Stock
Varex Imaging ROA→
Varex Imaging Stock
Varex Imaging ROCE→
Varex Imaging Stock
Varex Imaging News→
Varex Imaging Stock
Varex Imaging Analyst Price Targets→

Health Stocks

Vasa DenticityVanta BioscienceVasoVanda PharmaceuticalsVaxartValue HR CoVaxCell Biotherapeutics CoValue Added Technology CoVaxcyteValneva SE ADRVaxil BioValnevaAll Stocks A–Z →