Tenable Holdings, Inc.

LSE:0ZC0 Stock Report

Market Cap: US$4.8b

Tenable Holdings Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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.

Discounted Cash Flow
Simply Wall St
US$87.00
Fair Value
53.9% undervalued intrinsic discount
19
Number of Analysts

Below Fair Value: 0ZC0 ($40.09) is trading below our estimate of fair value ($87)

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 Ratio5.3x
SalesUS$900.02m
Market CapUS$4.77b

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
CNS Corero Network Security
4.4x12.7%UK£85.8m
SCT Softcat
3.3x10.6%UK£3.2b
SGE Sage Group
5.6x8.1%UK£13.0b
GETB GetBusy
1.3x8.5%UK£27.4m
0ZC0 Tenable Holdings
5.3x7.9%US$4.8b

Price-To-Sales vs Peers: 0ZC0 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

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

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
RM. RM
0.5x0.3%US$111.95m
SWG Shearwater Group
0.3x19.4%US$10.04m
PEG Petards Group
0.5x30.4%US$5.64m
MBO MobilityOne
0.01xn/aUS$2.84m
0ZC0 5.3xIndustry Avg. 2.2xNo. of Companies12PS0246810+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0ZC0 is expensive based on its Price-To-Sales Ratio (5.3x) compared to the UK Software industry average (2.2x).

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 Ratio5.3x
Fair PS Ratio7.4x

Price-To-Sales vs Fair Ratio: 0ZC0 is good value based on its Price-To-Sales Ratio (5.3x) 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$40.02
US$49.20
+22.9%
8.1%US$55.00US$40.00n/a19
Jan ’26US$39.16
US$48.51
+23.9%
8.9%US$55.00US$40.00n/a19
Dec ’25US$41.98
US$48.41
+15.3%
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$37.00US$43.1119
Jan ’25US$46.17
US$50.24
+8.8%
10.6%US$57.00US$37.00US$39.1617
Dec ’24US$40.76
US$49.50
+21.4%
11.0%US$57.00US$37.00US$41.9816
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
Analyst Price Target
Consensus Narrative from 19 Analysts
US$49.50
Fair Value
19.0% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 22:51
End of Day Share Price 2025/02/07 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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 34 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
Ishan MajumdarBaptista Research
Saket KaliaBarclays