company background image

Tenable Holdings NasdaqGS:TENB Stock Report

Last Price


Market Cap







29 Jun, 2022


Company Financials +
TENB fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance0/6
Financial Health6/6

TENB Stock Overview

Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Tenable Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tenable Holdings
Historical stock prices
Current Share PriceUS$46.71
52 Week HighUS$63.61
52 Week LowUS$38.77
1 Month Change-11.13%
3 Month Change-19.17%
1 Year Change12.96%
3 Year Change61.63%
5 Year Changen/a
Change since IPO54.41%

Recent News & Updates

Shareholder Returns

TENBUS SoftwareUS Market

Return vs Industry: TENB exceeded the US Software industry which returned -23.5% over the past year.

Return vs Market: TENB exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is TENB's price volatile compared to industry and market?
TENB volatility
TENB Average Weekly Movement9.0%
Software Industry Average Movement11.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: TENB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TENB's weekly volatility (9%) has been stable over the past year.

About the Company

20021,617Amit Yoran

Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable.cs, a cloud-native application platform that enables organizations to programmatically detect and fix cloud infrastructure misconfigurations; WAS, which provides scanning for modern web applications; and Tenable.ep, an unified platform that helps organizations identify, assess, and accurately prioritize cyber risks across the entire attack surface. The company also offers, a solution to secure Active Directory environments; Tenable.ot, an on-premises solution that provides threat detection and mitigation, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks;, an on-premises solution that provides a risk-based view of an organization’s IT, security and compliance posture.

Tenable Holdings Fundamentals Summary

How do Tenable Holdings's earnings and revenue compare to its market cap?
TENB fundamental statistics
Market CapUS$5.17b
Earnings (TTM)-US$63.43m
Revenue (TTM)US$577.31m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TENB income statement (TTM)
Cost of RevenueUS$119.25m
Gross ProfitUS$458.06m
Other ExpensesUS$521.49m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.57
Gross Margin79.34%
Net Profit Margin-10.99%
Debt/Equity Ratio161.6%

How did TENB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TENB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.8x
Enterprise Value/EBITDA-173.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

TENB PS Ratio vs 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.
CompanyPSEstimated GrowthMarket Cap
Peer Average10.4x
SAIL SailPoint Technologies Holdings
QLYS Qualys
CYBR CyberArk Software
RPD Rapid7
TENB Tenable Holdings

Price-To-Sales vs Peers: TENB is good value based on its Price-To-Sales Ratio (8.9x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does TENB's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: TENB is expensive based on its Price-To-Sales Ratio (8.9x) compared to the US Software industry average (4.4x)

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 Ratio8.9x
Fair PS Ratio9.3x

Price-To-Sales vs Fair Ratio: TENB is good value based on its Price-To-Sales Ratio (8.9x) compared to the estimated Fair Price-To-Sales Ratio (9.3x).

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 ($46.71) is trading above our estimate of fair value ($34.28)

Significantly Below Fair Value: TENB is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TENB's PEG Ratio to determine if it is good value.

Discover undervalued companies

Future Growth

How is Tenable Holdings forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TENB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TENB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TENB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TENB's revenue (18.5% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: TENB's revenue (18.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TENB's Return on Equity is forecast to be high in 3 years time (26.3%)

Discover growth companies

Past Performance

How has Tenable Holdings performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TENB is currently unprofitable.

Growing Profit Margin: TENB is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: TENB is unprofitable, but has reduced losses over the past 5 years at a rate of 6.5% per year.

Accelerating Growth: Unable to compare TENB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TENB is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (27.1%).

Return on Equity

High ROE: TENB has a negative Return on Equity (-27.95%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Tenable Holdings's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TENB's short term assets ($722.2M) exceed its short term liabilities ($463.8M).

Long Term Liabilities: TENB's short term assets ($722.2M) exceed its long term liabilities ($547.1M).

Debt to Equity History and Analysis

Debt Level: TENB has more cash than its total debt.

Reducing Debt: TENB had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TENB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TENB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 67.5% per year.

Discover healthy companies


What is Tenable Holdings's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TENB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TENB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TENB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TENB's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TENB has not reported any payouts.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Amit Yoran (50 yo)





Dr. Amit Yoran, Ph D., has been the Chairman and Chief Executive Officer of Tenable, Inc. since January 3, 2017. Dr. Yoran has been President at Tenable Holdings, Inc. since May 2018 and has been its Chief...

CEO Compensation Analysis

Compensation vs Market: Amit's total compensation ($USD8.48M) is about average for companies of similar size in the US market ($USD8.21M).

Compensation vs Earnings: Amit's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: TENB's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Experienced Board: TENB's board of directors are considered experienced (4.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: TENB insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.7%.

Top Shareholders

Company Information

Tenable Holdings, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Tenable Holdings, Inc.
  • Ticker: TENB
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Systems Software
  • Sector: Software
  • Implied Market Cap: US$5.165b
  • Shares outstanding: 110.58m
  • Website:

Number of Employees


  • Tenable Holdings, Inc.
  • 6100 Merriweather Drive
  • Columbia
  • Maryland
  • 21044
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Annual Earnings2021/12/31

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 here.