Tenable Holdings, Inc.

LSE:0ZC0 Stock Report

Market Cap: US$3.0b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0ZC0 ($26.86) is trading below our estimate of future cash flow value ($48.11)

Significantly Below Future Cash Flow Value: 0ZC0 is trading below future cash flow 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 Ratio2.9x
SalesUS$1.02b
Market CapUS$2.96b

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 Average2.7x
CNS Corero Network Security
3x12.15%UK£57.6m
GETB GetBusy
1.7x6.67%UK£37.5m
BYIT Bytes Technology Group
3.8x8.01%UK£846.2m
CRTA Cirata
2.3x17.65%UK£20.3m
0ZC0 Tenable Holdings
2.9x6.34%US$3.0b

Price-To-Sales vs Peers: 0ZC0 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the peer average (2.7x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

15 CompaniesPrice / SalesEstimated GrowthMarket Cap
SAAS Microlise Group
0.6x3.58%US$63.76m
ALT Altitude Group
0.6x-6.29%US$23.02m
ZOO ZOO Digital Group
0.3x-0.91%US$15.16m
SWG Shearwater Group
0.3x5.85%US$11.98m
0ZC0 2.9xIndustry Avg. 2.8xNo. of Companies17PS02.44.87.29.612+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0ZC0 is expensive based on its Price-To-Sales Ratio (2.9x) compared to the UK Software industry average (2.8x).

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 Ratio2.9x
Fair PS Ratio4.7x

Price-To-Sales vs Fair Ratio: 0ZC0 is good value based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (4.7x).

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$26.86
US$28.85
+7.41%
14.76%US$38.00US$20.00n/a20
Jun ’27US$29.50
US$28.85
-2.20%
14.76%US$38.00US$20.00n/a20
May ’27US$21.22
US$27.05
+27.47%
19.30%US$38.00US$20.00n/a20
Apr ’27US$17.14
US$30.05
+75.32%
21.83%US$45.00US$19.00n/a20
Mar ’27US$19.33
US$30.95
+60.10%
19.26%US$45.00US$23.00n/a19
Feb ’27US$22.06
US$34.63
+56.99%
17.02%US$45.00US$25.00n/a19
Jan ’27US$23.61
US$37.47
+58.75%
12.32%US$45.00US$29.00n/a19
Dec ’26US$26.50
US$37.89
+43.00%
11.58%US$45.00US$31.00n/a19
Nov ’26US$28.79
US$37.89
+31.62%
11.58%US$45.00US$31.00n/a19
Oct ’26US$28.73
US$39.95
+39.04%
9.55%US$45.00US$32.00n/a20
Sep ’26US$30.96
US$39.95
+29.04%
9.55%US$45.00US$32.00n/a20
Aug ’26US$30.42
US$39.95
+31.33%
9.55%US$45.00US$32.00n/a20
Jul ’26US$33.41
US$37.05
+10.90%
13.51%US$45.00US$28.00n/a20
Jun ’26US$32.00
US$36.85
+15.16%
14.32%US$45.00US$28.00US$29.5020
May ’26US$30.37
US$37.25
+22.65%
15.51%US$48.00US$28.00US$21.2220
Apr ’26US$34.94
US$47.75
+36.66%
10.63%US$55.00US$37.00US$17.1420
Mar ’26US$38.02
US$48.94
+28.74%
8.01%US$55.00US$40.00US$19.3318
Feb ’26US$43.11
US$48.51
+12.53%
8.87%US$55.00US$40.00US$22.0619
Jan ’26US$39.16
US$48.51
+23.87%
8.90%US$55.00US$40.00US$23.6119
Dec ’25US$41.98
US$48.41
+15.31%
9.64%US$55.00US$40.00US$26.5019
Nov ’25US$39.19
US$48.41
+23.51%
9.64%US$55.00US$40.00US$28.7919
Oct ’25US$40.35
US$51.26
+27.05%
10.10%US$57.00US$40.00US$28.7318
Sep ’25US$41.10
US$51.20
+24.57%
9.86%US$57.00US$40.00US$30.9619
Aug ’25US$41.72
US$51.17
+22.65%
9.84%US$57.00US$40.00US$30.4219
Jul ’25US$42.97
US$57.43
+33.66%
9.47%US$65.00US$43.00US$33.4119
Jun ’25US$41.72
US$57.67
+38.22%
9.53%US$65.00US$43.00US$32.0018
US$28.91
Fair Value
7.1% undervalued intrinsic discount
20
Number of Analysts

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/14 18:48
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tenable Holdings, Inc. is covered by 36 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Saket KaliaBarclays
Andrew SmithBerenberg