Tenable Holdings, Inc. (TENB)
NEUTRALFundamental
54
Price
$32.57
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.
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Direct competitors
Who this company fights with for the same customers
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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
Fair Value
$33.04
Current Price
$32.57
Margin of Safety
+1.4%
Fair Value Range
$21.47 - $44.60
Estimation Methods
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
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Stephen A. Vintz CPA | Co-CEO & Director | 56 |
| Mr. Mark Thurmond | Co-CEO & Director | 54 |
| Mr. John C. Huffard Jr. | Co-Founder & Director | 57 |
| Mr. Matthew Charles Brown | Chief Financial Officer | 44 |
| Mr. J. Barron Anschutz | Chief Accounting Officer | 56 |
| Mr. Vlad Korsunsky | Chief Technology Officer & Managing Director of Tenable Israel | - |
| Ms. Patricia Grant | Chief Information Officer | - |
| Ms. Andrea DiMarco | Head of Investor Relations | - |
| Ms. Michelle VonderHaar | Chief Legal Officer & Corporate Secretary | - |
| Mr. C. Matthew Olton | Senior Vice President of Corporate Development & Strategy | 58 |
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.