TENB Stock Analysis: Tenable Holdings | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 5.703m USD | 12M Return: 75.9% | US88025T1025 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 155M
EPS Trend: 79.6%
Qual. Beats: 1
Rev. Trend: 99.8%
Qual. Beats: 10
Warnings
Tailwinds
Seasonality 8.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tenable Holdings, Inc. (NASDAQ: TENB) is a cybersecurity software company that provides cyber exposure management solutions to organizations worldwide, operating across the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Founded in 2002 and headquartered in Columbia, Maryland, the company offers a broad portfolio of products spanning vulnerability management, cloud security, identity protection, web application scanning, external attack surface management, and operational technology (OT/IoT) security, along with its well-known Nessus vulnerability assessment platform.
The company primarily delivers its offerings through a software-as-a-service (SaaS) model, with additional on-premises options for enterprise customers. Tenable is classified within the Information Technology sector under the Systems Software sub-industry, and went public on July 26, 2018.
- Cloud security segment drives ARR growth
- Federal cybersecurity spending boosts enterprise bookings
- Competition from Wiz and CrowdStrike pressures market share
| Net Income: 15.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 0.60 > 1.0 |
| NWC/Revenue: 3.12% < 20% (prev -9.39%; Δ 12.51% < -1%) |
| CFO/TA 0.16 > 3% & CFO 289.6m > Net Income 15.8m |
| Net Debt (411.9m) to EBITDA (110.7m): 3.72 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (116.0m) vs 12m ago -3.77% < -2% |
| Gross Margin: 78.11% > 18% (prev 77.93%; Δ 0.18% > 0.5%) |
| Asset Turnover: 62.32% > 50% (prev 58.97%; Δ 3.35% > 0%) |
| Interest Coverage Ratio: 1.64 > 6 (EBIT TTM 69.5m / Interest Expense TTM 42.4m) |
| A: 0.02 (Total Current Assets 812.2m - Total Current Liabilities 778.9m) / Total Assets 1.77b |
| B: -0.50 (Retained Earnings -880.9m / Total Assets 1.77b) |
| C: 0.04 (EBIT TTM 69.5m / Avg Total Assets 1.71b) |
| D: -0.01 (Book Value of Equity -26.5m / Total Liabilities 1.80b) |
| Altman-Z'' = -1.24 = CCC |
| DSRI: 0.96 (Receivables 211.0m/201.0m, Revenue 1.07b/974.6m) |
| GMI: 1.00 (GM 77.93% / 78.11%) |
| AQI: 0.86 (AQ_t 0.49 / AQ_t-1 0.57) |
| SGI: 1.10 (Revenue 1.07b / 974.6m) |
| TATA: -0.15 (NI 15.8m - CFO 289.6m) / TA 1.77b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of October 31, 2026, the stock is trading at USD 50.75 with a total of 3,972,755 shares traded. Over the past week, the price has changed by +13.81%, over one month by +45.04%, over three months by +55.91% and over the past year by +75.91%.
Current recommended Stop Loss: 47.40 (which is 6.6% or 1.3 ATR below the current price).
Tenable Holdings has received a consensus analysts rating of 3.43. Therefore, it is recommended to hold TENB.
- StrongBuy: 5
- Buy: 3
- Hold: 13
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 42.9 | -15.5% |
P/E Trailing = 863.0
P/E Forward = 21.8818
P/S = 5.4651
P/B = 27.0466
P/EG = 1.6614
Revenue TTM = 1.07b USD
EBIT TTM = 69.5m USD
EBITDA TTM = 110.7m USD
Long Term Debt = 354.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 9.30m USD (from shortTermDebt, last quarter)
Debt = 907.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 66.1m
Net Debt = 411.9m USD (calculated: Debt 907.2m - CCE 495.3m)
Enterprise Value = 6.11b USD (5.70b + Debt 907.2m - CCE 495.3m)
Interest Coverage Ratio = 1.64 (Ebit TTM 69.5m / Interest Expense TTM 42.4m)
EV/FCF = 21.87x (Enterprise Value 6.11b / FCF TTM 279.7m)
FCF Yield = 4.57% (FCF TTM 279.7m / Enterprise Value 6.11b)
FCF Margin = 26.20% (FCF TTM 279.7m / Revenue TTM 1.07b)
Net Margin = 1.48% (Net Income TTM 15.8m / Revenue TTM 1.07b)
Gross Margin = 78.11% ((Revenue TTM 1.07b - Cost of Revenue TTM 233.6m) / Revenue TTM)
Gross Margin QoQ = 77.81% (prev 77.53%)
Tobins Q-Ratio = 3.45 (Enterprise Value 6.11b / Total Assets 1.77b)
Interest Expense / Debt = 4.67% (Interest Expense 42.4m / Debt 907.2m)
Taxrate = 41.22% (11.1m / 26.8m)
NOPAT = 40.9m (EBIT 69.5m * (1 - 41.22%))
Current Ratio = 1.04 (Total Current Assets 812.2m / Total Current Liabilities 778.9m)
Debt / Equity = -34.27 (negative equity) (Debt 907.2m / totalStockholderEquity, last quarter -26.5m)
Debt / EBITDA = 3.72 (Net Debt 411.9m / EBITDA 110.7m)
Debt / FCF = 1.47 (Net Debt 411.9m / FCF TTM 279.7m)
Total Stockholder Equity = 186.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.92% (Net Income 15.8m / Total Assets 1.77b)
RoE = 8.46% (Net Income TTM 15.8m / Total Stockholder Equity 186.6m)
RoCE = 12.85% (EBIT 69.5m / Capital Employed (Equity 186.6m + L.T.Debt 354.2m))
RoIC = 4.30% (NOPAT 40.9m / Invested Capital 950.0m)
WACC = 9.15% (E(5.70b)/V(6.61b) * Re(10.17%) + D(907.2m)/V(6.61b) * Rd(4.67%) * (1-Tc(0.41)))
Discount Rate = 10.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -63.78 | Cagr: -1.02%
[DCF] Terminal Value 74.18% ; FCFF base≈268.1m ; Y1≈294.8m ; Y5≈374.6m
[DCF] Fair Price = 41.86 (EV 5.02b - Net Debt 411.9m = Equity 4.61b / Shares 110.1m; r=9.15% [WACC]; 5y FCF grow 11.53% → 2.50% )
EPS Correlation: 79.57 | EPS CAGR: 22.10% | SUE: 1.91 | # QB: 1
Revenue Correlation: 99.82 | Revenue CAGR: 11.04% | SUE: 2.63 | # QB: 10
EPS current Quarter (2027-03-31): EPS=0.55 | Chg30d=+9.94% | Revisions=-7% | Analysts=16
EPS current Year (2026-12-31): EPS=2.18 | Chg30d=+9.86% | Revisions=+88% | GrowthEPS=+37.0% | GrowthRev=+8.6%
EPS next Year (2027-12-31): EPS=2.42 | Chg30d=+10.89% | Revisions=+39% | GrowthEPS=+11.0% | GrowthRev=+7.4%
[Analyst] Revisions Ratio: +54% (up=37, down=10)