Tenable Holdings Inc (TENB) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Tenable Holdings Inc $25.25, price $33.49, upside -24.6%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Tenable Holdings Inc
TENB · USOvervalued / MonitorQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range $16.04 – $62.66 · fair‑value band $17.33 – $30.77 · the $33.49 price screens above the $25.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
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Company profile
Tenable Holdings, Inc. provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.
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Tenable Holdings, Inc. provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable AI Exposure, a solution that helps organizations identify, assess, and reduce security risks associated with the use of artificial intelligence technologies; Tenable Vulnerability Management, a cloud-delivered software as a service that provides organizations with a risk-based view of traditional and modern attack surfaces; Tenable Cloud Security, a cloud security solution for use in exposing and closing priority security gaps caused by misconfigurations, risky entitlements, and vulnerabilities; Tenable Identity Exposure, a solution for end-to-end protection from identity-based threats; and Tenable Web App Scanning, which provides configuration and management of web app scans. The company also provides Tenable Attack Surface Management, an external attack surface management solution; Tenable Security Center, an on-premises vulnerability management solution; and Tenable OT Security, a unified security solution for converged OT/IoT environments that provide threat detection, asset tracking, vulnerability management, and configuration control capabilities to protect OT environments, including industrial networks. In addition, it offers Nessus, a vulnerability assessment solution for cybersecurity industry and enterprise platform; and Nessus Expert, which enables users to programmatically detect cloud infrastructure misconfigurations and vulnerabilities in the design and build phase of the software development lifecycle. Tenable Holdings, Inc. was founded in 2002 and is headquartered in Columbia, Maryland.
Stock analysis
Tenable Holdings Inc (TENB) currently trades at $33.49, while our model-based Fair Value estimate is $25.25, implying the stock looks roughly 32.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $25.43 per share, and 2 of the 9 models we run sit above the $33.49 price.
Bear case: the Multiples group reads lowest at $5.54, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: $17.33 (bear) to $30.77 (bull), the price of $33.49 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tenable Holdings Inc reported revenue of $999M in FY2025 versus $541M in FY2021, a compound +16.6%/yr. Reported net income was −$36.1M in FY2025.
Key figures
Market cap $3.9B · P/E ratio 558.2 · P/S ratio 3.53 · EPS (TTM) $0.0600 · Net margin −3.6% · Return on equity 2.5% · Return on assets (EBIT) −2.3% · Operating margin 4.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 21% below its 52-week high and 109% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −22% fair-value upside, at −25%, TENB screens richer than that median.
Fair Value models
All 9 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 56
Revenue & earnings trend
Growth Forecast
TENB screens 33% overvalued. Compare with Microsoft Corporation →
Recent news
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- Tenable (TENB) Moves 16.5% Higher: Will This Strength Last?
Compare Tenable Holdings Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 376 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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Key figures of Tenable Holdings Inc
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