TENABLE HOLDINGS INC (TENB) Stock Fundamental Analysis

NASDAQ:TENB • US88025T1025

19.38 USD
+0.38 (+2%)
At close: Feb 26, 2026
18.89 USD
-0.49 (-2.53%)
After Hours: 2/26/2026, 8:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, TENB scores 4 out of 10 in our fundamental rating. TENB was compared to 274 industry peers in the Software industry. Both the profitability and financial health of TENB have multiple concerns. TENB may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • TENB had positive earnings in the past year.
  • TENB had a positive operating cash flow in the past year.
  • TENB had negative earnings in each of the past 5 years.
  • Each year in the past 5 years TENB had a positive operating cash flow.
TENB Yearly Net Income VS EBIT VS OCF VS FCFTENB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • With a Return On Assets value of -2.07%, TENB perfoms like the industry average, outperforming 48.18% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of -11.07%, TENB is in line with its industry, outperforming 47.08% of the companies in the same industry.
  • TENB has a Return On Invested Capital (0.06%) which is in line with its industry peers.
Industry RankSector Rank
ROA -2.07%
ROE -11.07%
ROIC 0.06%
ROA(3y)-3.01%
ROA(5y)-3.83%
ROE(3y)-14.25%
ROE(5y)-19.69%
ROIC(3y)N/A
ROIC(5y)N/A
TENB Yearly ROA, ROE, ROICTENB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1K 2K 3K 4K

1.3 Margins

  • Looking at the Operating Margin, with a value of 0.08%, TENB is in line with its industry, outperforming 56.20% of the companies in the same industry.
  • TENB has a Gross Margin of 78.09%. This is in the better half of the industry: TENB outperforms 74.82% of its industry peers.
  • TENB's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 0.08%
PM (TTM) N/A
GM 78.09%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.32%
GM growth 5Y-1.07%
TENB Yearly Profit, Operating, Gross MarginsTENB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), TENB is destroying value.
  • Compared to 1 year ago, TENB has less shares outstanding
  • The number of shares outstanding for TENB has been increased compared to 5 years ago.
  • The debt/assets ratio for TENB has been reduced compared to a year ago.
TENB Yearly Shares OutstandingTENB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
TENB Yearly Total Debt VS Total AssetsTENB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • TENB has an Altman-Z score of 0.78. This is a bad value and indicates that TENB is not financially healthy and even has some risk of bankruptcy.
  • TENB has a worse Altman-Z score (0.78) than 63.87% of its industry peers.
  • TENB has a debt to FCF ratio of 1.42. This is a very positive value and a sign of high solvency as it would only need 1.42 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.42, TENB is doing good in the industry, outperforming 70.80% of the companies in the same industry.
  • A Debt/Equity ratio of 1.09 is on the high side and indicates that TENB has dependencies on debt financing.
  • TENB's Debt to Equity ratio of 1.09 is on the low side compared to the rest of the industry. TENB is outperformed by 78.10% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for TENB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 1.42
Altman-Z 0.78
ROIC/WACC0.01
WACC10.76%
TENB Yearly LT Debt VS Equity VS FCFTENB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 0.95 indicates that TENB may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.95, TENB is doing worse than 76.28% of the companies in the same industry.
  • TENB has a Quick Ratio of 0.95. This is a bad value and indicates that TENB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of TENB (0.95) is worse than 75.18% of its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.95
TENB Yearly Current Assets VS Current LiabilitesTENB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • TENB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.03%, which is quite impressive.
  • The Earnings Per Share has been growing by 56.58% on average over the past years. This is a very strong growth
  • Looking at the last year, TENB shows a quite strong growth in Revenue. The Revenue has grown by 11.04% in the last year.
  • Measured over the past years, TENB shows a quite strong growth in Revenue. The Revenue has been growing by 17.82% on average per year.
EPS 1Y (TTM)24.03%
EPS 3Y61.48%
EPS 5Y56.58%
EPS Q2Q%17.07%
Revenue 1Y (TTM)11.04%
Revenue growth 3Y13.52%
Revenue growth 5Y17.82%
Sales Q2Q%10.52%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.60% on average over the next years. This is quite good.
  • TENB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y11.74%
EPS Next 2Y11.94%
EPS Next 3Y15.55%
EPS Next 5Y14.6%
Revenue Next Year7.62%
Revenue Next 2Y7.68%
Revenue Next 3Y8.81%
Revenue Next 5Y6.7%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
TENB Yearly Revenue VS EstimatesTENB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
TENB Yearly EPS VS EstimatesTENB Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 1 2 3 4

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.11, the valuation of TENB can be described as correct.
  • Based on the Price/Earnings ratio, TENB is valued cheaply inside the industry as 83.94% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.21, TENB is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 10.84, the valuation of TENB can be described as reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TENB indicates a rather cheap valuation: TENB is cheaper than 83.58% of the companies listed in the same industry.
  • TENB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.13.
Industry RankSector Rank
PE 12.11
Fwd PE 10.84
TENB Price Earnings VS Forward Price EarningsTENB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • TENB's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, TENB is valued cheaply inside the industry as 91.97% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.18
EV/EBITDA 46.54
TENB Per share dataTENB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

  • TENB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as TENB's earnings are expected to grow with 15.55% in the coming years.
PEG (NY)1.03
PEG (5Y)0.21
EPS Next 2Y11.94%
EPS Next 3Y15.55%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • TENB does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

TENABLE HOLDINGS INC

NASDAQ:TENB (2/26/2026, 8:00:00 PM)

After market: 18.89 -0.49 (-2.53%)

19.38

+0.38 (+2%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-04
Earnings (Next)04-27
Inst Owners96.17%
Inst Owner Change0.34%
Ins Owners1.02%
Ins Owner Change0%
Market Cap2.30B
Revenue(TTM)999.40M
Net Income(TTM)-36.12M
Analysts75.17
Price Target35.71 (84.26%)
Short Float %5.84%
Short Ratio3.12
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.62%
Min EPS beat(2)11.59%
Max EPS beat(2)13.65%
EPS beat(4)4
Avg EPS beat(4)15.05%
Min EPS beat(4)9.88%
Max EPS beat(4)25.08%
EPS beat(8)8
Avg EPS beat(8)19.05%
EPS beat(12)12
Avg EPS beat(12)48.45%
EPS beat(16)16
Avg EPS beat(16)86.92%
Revenue beat(2)2
Avg Revenue beat(2)0.77%
Min Revenue beat(2)0.07%
Max Revenue beat(2)1.47%
Revenue beat(4)4
Avg Revenue beat(4)0.49%
Min Revenue beat(4)0.07%
Max Revenue beat(4)1.47%
Revenue beat(8)4
Avg Revenue beat(8)-0.01%
Revenue beat(12)6
Avg Revenue beat(12)0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-3.9%
PT rev (3m)-9.77%
EPS NQ rev (1m)3.57%
EPS NQ rev (3m)4.03%
EPS NY rev (1m)0.21%
EPS NY rev (3m)0.57%
Revenue NQ rev (1m)0.89%
Revenue NQ rev (3m)0.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 12.11
Fwd PE 10.84
P/S 2.3
P/FCF 9.18
P/OCF 8.61
P/B 7.03
P/tB N/A
EV/EBITDA 46.54
EPS(TTM)1.6
EY8.26%
EPS(NY)1.79
Fwd EY9.23%
FCF(TTM)2.11
FCFY10.9%
OCF(TTM)2.25
OCFY11.62%
SpS8.44
BVpS2.76
TBVpS-4.11
PEG (NY)1.03
PEG (5Y)0.21
Graham Number9.96
Profitability
Industry RankSector Rank
ROA -2.07%
ROE -11.07%
ROCE 0.08%
ROIC 0.06%
ROICexc 0.11%
ROICexgc N/A
OM 0.08%
PM (TTM) N/A
GM 78.09%
FCFM 25.03%
ROA(3y)-3.01%
ROA(5y)-3.83%
ROE(3y)-14.25%
ROE(5y)-19.69%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.32%
GM growth 5Y-1.07%
F-Score7
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 1.09
Debt/FCF 1.42
Debt/EBITDA 8.29
Cap/Depr 39.51%
Cap/Sales 1.66%
Interest Coverage 250
Cash Conversion 624.49%
Profit Quality N/A
Current Ratio 0.95
Quick Ratio 0.95
Altman-Z 0.78
F-Score7
WACC10.76%
ROIC/WACC0.01
Cap/Depr(3y)34.67%
Cap/Depr(5y)46.16%
Cap/Sales(3y)1.31%
Cap/Sales(5y)1.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.03%
EPS 3Y61.48%
EPS 5Y56.58%
EPS Q2Q%17.07%
EPS Next Y11.74%
EPS Next 2Y11.94%
EPS Next 3Y15.55%
EPS Next 5Y14.6%
Revenue 1Y (TTM)11.04%
Revenue growth 3Y13.52%
Revenue growth 5Y17.82%
Sales Q2Q%10.52%
Revenue Next Year7.62%
Revenue Next 2Y7.68%
Revenue Next 3Y8.81%
Revenue Next 5Y6.7%
EBIT growth 1Y-33.68%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year22.86%
EBIT Next 3YN/A
EBIT Next 5Y-5.09%
FCF growth 1Y20.99%
FCF growth 3Y30.68%
FCF growth 5Y41.63%
OCF growth 1Y22.66%
OCF growth 3Y26.68%
OCF growth 5Y32.96%

TENABLE HOLDINGS INC / TENB FAQ

Can you provide the ChartMill fundamental rating for TENABLE HOLDINGS INC?

ChartMill assigns a fundamental rating of 4 / 10 to TENB.


What is the valuation status for TENB stock?

ChartMill assigns a valuation rating of 7 / 10 to TENABLE HOLDINGS INC (TENB). This can be considered as Undervalued.


Can you provide the profitability details for TENABLE HOLDINGS INC?

TENABLE HOLDINGS INC (TENB) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for TENB stock?

The Price/Earnings (PE) ratio for TENABLE HOLDINGS INC (TENB) is 12.11 and the Price/Book (PB) ratio is 7.03.


Can you provide the financial health for TENB stock?

The financial health rating of TENABLE HOLDINGS INC (TENB) is 3 / 10.