Tenable Holdings, Inc.

LSE:0ZC0 Stock Report

Market Cap: US$5.0b

Tenable Holdings Valuation

Is 0ZC0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0ZC0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0ZC0 ($42.18) is trading below our estimate of fair value ($70.5)

Significantly Below Fair Value: 0ZC0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0ZC0?

Key metric: As 0ZC0 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0ZC0. This is calculated by dividing 0ZC0's market cap by their current revenue.
What is 0ZC0's PS Ratio?
PS Ratio5.7x
SalesUS$877.60m
Market CapUS$5.03b

Price to Sales Ratio vs Peers

How does 0ZC0's PS Ratio compare to its peers?

The above table shows the PS ratio for 0ZC0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
BLTG Blancco Technology Group
3.9x9.7%UK£173.0m
CNS Corero Network Security
5.8x12.4%UK£110.1m
GETB GetBusy
1.4x7.4%UK£30.2m
SCT Softcat
3.3x10.1%UK£3.2b
0ZC0 Tenable Holdings
5.7x9.3%US$5.0b

Price-To-Sales vs Peers: 0ZC0 is expensive based on its Price-To-Sales Ratio (5.7x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does 0ZC0's PS Ratio compare vs other companies in the GB Software Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
RM. RM
0.4xn/aUS$84.51m
SWG Shearwater Group
0.4xn/aUS$10.58m
MBO MobilityOne
0.01xn/aUS$3.03m
CCS Crossword Cybersecurity
0.5xn/aUS$2.46m
0ZC0 5.7xIndustry Avg. 2.5xNo. of Companies12PS0246810+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0ZC0 is expensive based on its Price-To-Sales Ratio (5.7x) compared to the UK Software industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is 0ZC0's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0ZC0 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.7x
Fair PS Ratio7.4x

Price-To-Sales vs Fair Ratio: 0ZC0 is good value based on its Price-To-Sales Ratio (5.7x) compared to the estimated Fair Price-To-Sales Ratio (7.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0ZC0 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$42.18
US$48.41
+14.8%
9.6%US$55.00US$40.00n/a19
Nov ’25US$39.19
US$48.41
+23.5%
9.6%US$55.00US$40.00n/a19
Oct ’25US$40.35
US$51.26
+27.0%
10.1%US$57.00US$40.00n/a18
Sep ’25US$41.10
US$51.20
+24.6%
9.9%US$57.00US$40.00n/a19
Aug ’25US$41.72
US$51.17
+22.7%
9.8%US$57.00US$40.00n/a19
Jul ’25US$42.97
US$57.43
+33.7%
9.5%US$65.00US$43.00n/a19
Jun ’25US$41.72
US$57.67
+38.2%
9.5%US$65.00US$43.00n/a18
May ’25US$45.07
US$58.28
+29.3%
9.2%US$65.00US$43.00n/a19
Apr ’25US$49.38
US$58.44
+18.4%
8.7%US$65.00US$43.00n/a18
Mar ’25US$48.21
US$58.44
+21.2%
8.7%US$65.00US$43.00n/a18
Feb ’25US$47.51
US$52.84
+11.2%
11.3%US$65.00US$37.00n/a19
Jan ’25US$46.17
US$50.24
+8.8%
10.6%US$57.00US$37.00n/a17
Dec ’24US$40.76
US$49.50
+21.4%
11.0%US$57.00US$37.00n/a16
Nov ’24US$41.73
US$54.87
+31.5%
7.4%US$63.00US$47.00US$39.1915
Oct ’24US$44.38
US$55.31
+24.6%
7.1%US$63.00US$48.00US$40.3516
Sep ’24US$45.65
US$54.80
+20.1%
7.0%US$60.00US$48.00US$41.1015
Aug ’24US$49.06
US$54.07
+10.2%
6.3%US$60.00US$48.00US$41.7214
Jul ’24US$43.61
US$47.85
+9.7%
8.0%US$55.00US$42.00US$42.9713
Jun ’24US$40.72
US$47.85
+17.5%
8.0%US$55.00US$42.00US$41.7213
May ’24US$36.55
US$47.85
+30.9%
8.0%US$55.00US$42.00US$45.0713
Apr ’24US$47.02
US$53.08
+12.9%
8.6%US$65.00US$47.00US$49.3813
Mar ’24US$43.56
US$52.86
+21.3%
8.5%US$65.00US$47.00US$48.2114
Feb ’24US$37.53
US$48.57
+29.4%
9.7%US$60.00US$42.00US$47.5114
Jan ’24US$37.54
US$48.36
+28.8%
12.3%US$60.00US$37.00US$46.1714
Dec ’23US$38.90
US$48.36
+24.3%
12.3%US$60.00US$37.00US$40.7614
Nov ’23US$39.82
US$48.36
+21.4%
12.3%US$60.00US$37.00US$41.7314

Analyst Forecast: Target price is less than 20% higher than the current share price.

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