Tenable Holdings, Inc.

BMV:TENB * Stock Report

Market Cap: Mex$104.4b

Tenable Holdings Valuation

Is TENB * 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 TENB * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TENB * (MX$794.67) is trading below our estimate of fair value (MX$1105.52)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TENB *?

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

The above table shows the Price to Sales ratio for TENB *. This is calculated by dividing TENB *'s market cap by their current revenue.
What is TENB *'s PS Ratio?
PS Ratio5.8x
SalesUS$877.60m
Market CapUS$5.10b

Price to Sales Ratio vs Peers

How does TENB *'s PS Ratio compare to its peers?

The above table shows the PS ratio for TENB * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average15.3x
500408 Tata Elxsi
11.4x13.0%₹410.1b
QLYS Qualys
9.5x7.2%US$5.6b
VRNS Varonis Systems
10.3x11.6%US$5.6b
688692 Wuhan Dameng Database
30.1x17.4%CN¥31.3b
TENB * Tenable Holdings
5.8x9.3%Mex$5.1b

Price-To-Sales vs Peers: TENB * is good value based on its Price-To-Sales Ratio (5.8x) compared to the peer average (15.7x).

Price to Sales Ratio vs Industry

How does TENB *'s PS Ratio compare vs other companies in the Global Software Industry?

243 CompaniesPrice / SalesEstimated GrowthMarket Cap
No. of Companies243PS02.85.68.411.214+
243 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TENB * is expensive based on its Price-To-Sales Ratio (5.8x) compared to the Global Software industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is TENB *'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.

TENB * PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TENB *'s Price-To-Sales Fair Ratio for valuation analysis.

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 TENB * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
Mex$973.84
0%
9.6%Mex$1,106.44Mex$804.68n/a19
Nov ’25Mex$794.67
Mex$968.94
+21.9%
9.6%Mex$1,100.88Mex$800.64n/a19
Oct ’25n/a
Mex$1,006.90
0%
10.1%Mex$1,119.55Mex$785.65n/a18
Sep ’25n/a
Mex$993.95
0%
9.9%Mex$1,106.59Mex$776.56n/a19
Aug ’25n/a
Mex$960.57
0%
9.8%Mex$1,070.01Mex$750.88n/a19
Jul ’25n/a
Mex$1,054.08
0%
9.5%Mex$1,192.95Mex$789.18n/a19
Jun ’25n/a
Mex$979.99
0%
9.5%Mex$1,104.62Mex$730.75n/a18
May ’25n/a
Mex$998.22
0%
9.2%Mex$1,113.24Mex$736.45n/a19
Apr ’25n/a
Mex$999.29
0%
8.7%Mex$1,111.38Mex$735.22n/a18
Mar ’25n/a
Mex$999.29
0%
8.7%Mex$1,111.38Mex$735.22n/a18
Feb ’25n/a
Mex$909.34
0%
11.3%Mex$1,118.57Mex$636.72n/a19
Jan ’25n/a
Mex$862.43
0%
10.6%Mex$978.57Mex$635.21n/a17
Dec ’24Mex$721.03
Mex$858.91
+19.1%
11.0%Mex$989.05Mex$642.02n/a16
Nov ’24Mex$750.00
Mex$977.30
+30.3%
7.4%Mex$1,122.17Mex$837.18Mex$794.6715
Oct ’24Mex$790.31
Mex$947.29
+19.9%
7.1%Mex$1,078.94Mex$822.05n/a16
Sep ’24n/a
Mex$921.57
0%
7.0%Mex$1,009.02Mex$807.22n/a15
Aug ’24n/a
Mex$910.60
0%
6.3%Mex$1,010.44Mex$808.35n/a14
Jul ’24n/a
Mex$865.90
0%
8.0%Mex$995.36Mex$760.10n/a13
Jun ’24n/a
Mex$865.90
0%
8.0%Mex$995.36Mex$760.10n/a13
May ’24n/a
Mex$865.90
0%
8.0%Mex$995.36Mex$760.10n/a13
Apr ’24n/a
Mex$956.57
0%
8.6%Mex$1,171.46Mex$847.05n/a13
Mar ’24n/a
Mex$1,000.97
0%
8.5%Mex$1,230.92Mex$890.05n/a14
Feb ’24Mex$755.62
Mex$914.58
+21.0%
9.7%Mex$1,129.77Mex$790.84n/a14
Jan ’24Mex$706.03
Mex$959.32
+35.9%
12.3%Mex$1,190.30Mex$734.02n/a14
Dec ’23n/a
Mex$959.32
0%
12.3%Mex$1,190.30Mex$734.02Mex$721.0314
Nov ’23Mex$793.67
Mex$959.32
+20.9%
12.3%Mex$1,190.30Mex$734.02Mex$750.0014

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

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