TENB Valuation

Tenable Holdings Inc

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29.560

-0.45(-1.500%)1D

Overview
Forecast
Valuation
Earnings

TENB Relative Valuation

TENB's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TENB is overvalued; if below, it's undervalued.

Historical Valuation

Tenable Holdings Inc (TENB) is now in the Undervalued zone, suggesting that its current forward PE ratio of 18.99 is considered Undervalued compared with the five-year average of 111.59. The fair price of Tenable Holdings Inc (TENB) is between 42.00 to 258.11 according to relative valuation methord. Compared to the current price of 30.17 USD , Tenable Holdings Inc is Undervalued By 28.17%.

Relative Value

Fair Zone

42.00-258.11

Current Price：30.17

28.17%

Undervalued

18.30

Trailing

Forward

14.15

EV/EBITDA

Tenable Holdings Inc. (TENB) has a current EV/EBITDA of 14.15. The 5-year average EV/EBITDA is 52.93. The thresholds are as follows: Strongly Undervalued below -9.77, Undervalued between -9.77 and 21.58, Fairly Valued between 84.27 and 21.58, Overvalued between 84.27 and 115.62, and Strongly Overvalued above 115.62. The current Forward EV/EBITDA of 14.15 falls within the Undervalued range.

16.02

EV/EBIT

Tenable Holdings Inc. (TENB) has a current EV/EBIT of 16.02. The 5-year average EV/EBIT is 66.44. The thresholds are as follows: Strongly Undervalued below -24.12, Undervalued between -24.12 and 21.16, Fairly Valued between 111.71 and 21.16, Overvalued between 111.71 and 156.99, and Strongly Overvalued above 156.99. The current Forward EV/EBIT of 16.02 falls within the Undervalued range.

3.56

Tenable Holdings Inc. (TENB) has a current PS of 3.56. The 5-year average PS is 6.52. The thresholds are as follows: Strongly Undervalued below 3.30, Undervalued between 3.30 and 4.91, Fairly Valued between 8.13 and 4.91, Overvalued between 8.13 and 9.74, and Strongly Overvalued above 9.74. The current Forward PS of 3.56 falls within the Undervalued range.

13.73

P/OCF

Tenable Holdings Inc. (TENB) has a current P/OCF of 13.73. The 5-year average P/OCF is 35.67. The thresholds are as follows: Strongly Undervalued below 4.72, Undervalued between 4.72 and 20.20, Fairly Valued between 51.15 and 20.20, Overvalued between 51.15 and 66.63, and Strongly Overvalued above 66.63. The current Forward P/OCF of 13.73 falls within the Undervalued range.

14.75

P/FCF

Tenable Holdings Inc. (TENB) has a current P/FCF of 14.75. The 5-year average P/FCF is 42.99. The thresholds are as follows: Strongly Undervalued below -5.12, Undervalued between -5.12 and 18.94, Fairly Valued between 67.04 and 18.94, Overvalued between 67.04 and 91.09, and Strongly Overvalued above 91.09. The current Forward P/FCF of 14.75 falls within the Undervalued range.

Tenable Holdings Inc (TENB) has a current Price-to-Book (P/B) ratio of 10.58. Compared to its 3-year average P/B ratio of 14.42 , the current P/B ratio is approximately -26.58% higher. Relative to its 5-year average P/B ratio of 19.56, the current P/B ratio is about -45.89% higher. Tenable Holdings Inc (TENB) has a Forward Free Cash Flow (FCF) yield of approximately 6.77%. Compared to its 3-year average FCF yield of 3.40%, the current FCF yield is approximately 99.14% lower. Relative to its 5-year average FCF yield of 2.58% , the current FCF yield is about 162.54% lower.

10.20

P/B

Median3y

14.42

Median5y

19.56

6.92

FCF Yield

Median3y

3.40

Median5y

2.58

Competitors Valuation Multiple

The average P/S ratio for TENB's competitors is 4.96, providing a benchmark for relative valuation. Tenable Holdings Inc Corp (TENB) exhibits a P/S ratio of 3.56, which is -28.27% above the industry average. Given its robust revenue growth of 11.78%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Zoominfo Technologies Inc

2.74

5.21%

3.26B

Performance Decomposition

Market capitalization of TENB decreased by 28.39% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 221.24M to 247.30M.

The secondary factor is the Margin Expansion, contributed -9.71%to the performance.

Overall, the performance of TENB in the past 1 year is driven by Revenue Growth. Which is more sustainable.

11.78%

221.24M → 247.30M

Revenue Growth

-9.71%

-6.59 → -5.95

Margin Expansion

-30.46%

-113.39 → -78.85

P/E Change

-28.39%