Back to rankings

Tenable Holdings, Inc. (TENB)

NEUTRAL
TechnologySoftware - InfrastructureUnited States

Fundamental

54

Price

$33.65

Market Cap

$3.73B

Part 1 · What the company is worth

Overview

Tenable Holdings, Inc. provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable AI Exposure, a solution that helps organizations identify, assess, and reduce security risks associated with the use of artificial intelligence technologies; Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud security solution for use in exposing and closing priority security gaps caused by misconfigurations, risky entitlements, and vulnerabilities; Tenable Identity Exposure, a solution for end-to-end protection from identity-based threats; and Tenable Web App Scanning, which provides configuration and management of web app scans. The company also provides Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises vulnerability management solution; and Tenable OT Security, a unified security solution for converged OT/IoT environments that provide threat detection, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks. In addition, it offers Nessus, a vulnerability assessment solution for cybersecurity industry and enterprise platform; and Nessus Expert, which enables users to programmatically detect cloud infrastructure misconfigurations and vulnerabilities in the design and build phase of the software development lifecycle. Tenable Holdings, Inc. was founded in 2002 and is headquartered in Columbia, Maryland.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$1.04B

Trailing 12 months (through 6/30/2026)

Net Income

$7M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$255M

Total Equity

$326M

Total Liabilities

$1.42B

Current Ratio

0.79

Interest Coverage

1.37

Debt/EBITDA

12.86

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$33.04

Current Price

$33.65

Margin of Safety

-1.8%

Fair Value Range

$21.47 - $44.60

Estimation Methods

Analyst price target:$35.35
Discounted cash flow (DCF):$43.30
Earnings multiple (P/E):$0.93
Graham growth formula:$0.98
Earnings power value (EPV):$2.60
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):Not enough data to compute it
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it
Analyst Consensus:Buy (14B / 16H / 0S)
Last Earnings Surprise:+6.47%

Valuation Metrics

P/E Ratio

678.80

ROE

-11.1%

P/B Ratio

18.84

P/FCF

14.14

Gross Margin

78.1%

ROIC

3.7%

Profitability Radar

Value Creation (Economic Moat)

ROIC

3.7%

WACC

9.5%

ROIC − WACC

-5.8 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (12)

  • EPS shows upward trend
  • Price CAGR 5.63%
  • Gross Margin 78.1%
  • P/FCF 14.14
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Revenue Growth 5Y 17.8%
  • Earnings Surprise avg 11.1%
  • Earnings Quality (OCF/NI) 39.98
  • Net Margin Trend 0.6% vs -4.7%
  • Piotroski F-Score 5/9

Failed (13)

  • ROIC 3.7%
  • P/B Ratio 18.84
  • Debt/Equity ratio
  • Operating Margin 3.6%
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • ROE 2.4%
  • Analyst Consensus 47% Buy
  • Share Dilution 2.8%

Unavailable (2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

39.98

High quality: earnings backed by cash

Share Dilution

2.8%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Stephen A. Vintz CPACo-CEO & Director56
Mr. Mark ThurmondCo-CEO & Director54
Mr. John C. Huffard Jr.Co-Founder & Director57
Mr. Matthew Charles BrownChief Financial Officer44
Mr. J. Barron AnschutzChief Accounting Officer56
Mr. Vlad KorsunskyChief Technology Officer & Managing Director of Tenable Israel-
Ms. Patricia GrantChief Information Officer-
Ms. Andrea DiMarcoHead of Investor Relations-
Ms. Michelle VonderHaarChief Legal Officer & Corporate Secretary-
Mr. C. Matthew OltonSenior Vice President of Corporate Development & Strategy58

Audit Risk

1

Board Risk

8

Compensation Risk

8

Shareholder Rights Risk

8

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for TENB, sourced from Markets Gazette.

No recent news for TENB.