Tenable Holdings Inc (TENB) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Tenable Holdings Inc stock $26.36, price $42.93, that is 38.6% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
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Tenable Holdings Inc
TENB · USOur calculation puts a fair price 39% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range $16.04 – $62.66 · fair‑value band $18.10 – $32.17 · the $42.93 price screens above the $26.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 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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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 $42.93, while our model-based Fair Value estimate is $26.36, 39% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $39.18 per share, and 2 of the 8 models we run sit above the $42.93 price.
Bear case: the Multiples group reads lowest at $4.76, and 6 of the 8 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $18.10 (bear) to $32.17 (bull), the price of $42.93 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 61/100 (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 $5.0B Mid · P/E ratio 330.2 · P/S ratio 4.65 · EPS (TTM) $0.1300 · Net margin 1.5% · Return on equity 9.9% · Return on assets (EBIT) −2.3% (5-year average) · Operating margin 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 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 17% below its 52-week high and 168% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −14% fair-value upside, at −39%, TENB screens richer than that median.
Fair Value models
All 8 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 3 officers or directors sold shares worth $1.7M and none bought.
- SaleA Brooke SeawellDirector2× since Dec 15, 2025: 145,000 shares, avg. $29.93$4.3MNov 2, 2026
- SaleBarron AnschutzChief Accounting Officer10,000 shares at $51.00$510,000Nov 2, 2026
- SaleLinda Kay ZecherDirector2× since Aug 3, 2026: 4,010 shares, avg. $35.20$141,151Aug 19, 2026
- SaleRaymond Vicks Jr.Director1,819 shares at $35.94$65,375Aug 7, 202610b5-1 plan
- BuyMatthew Charles BrownChief Financial Officer12,000 shares at $21.54$258,480May 4, 2026
- BuyRaymond Vicks Jr.Director4,500 shares at $22.17$99,765Feb 12, 2026
- BuyArthur W Coviello JrDirector12,000 shares at $21.50$258,000Feb 9, 2026
Plus 19 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
TENB screens overvalued: fair value 39% below the price. Compare with Microsoft Corporation →
Recent news
- Tenable Stock Is Raising Guidance After Earnings Beat And Atos Client Win
- Earnings Estimates Moving Higher for Tenable (TENB): Time to Buy?
- The top 5 analyst questions from Tenable’s Q3 earnings call
- Can Tenable Holdings (TENB) Stay Cheap After Its 114% Run?
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 · 408 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EV/EBITDA by industry
- Dividend yield by industry
- PEG screener for stocks with fair value
- 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.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Microsoft Corporation MSFT | $521.13 | $599.70 | +15% | vs TENB |
| Fortinet, Inc FTNT | $128.10 | $135.93 | +6% | vs TENB |
| Block, Inc XYZ | $85.72 | $76.43 | −11% | vs TENB |
| Oracle Corporation ORCL | $128.38 | $111.97 | −13% | vs TENB |
| NetApp, Inc NTAP | $183.12 | $156.80 | −14% | vs TENB |
| Synopsys, Inc SNPS | $462.12 | $288.23 | −38% | vs TENB |
| Zscaler, Inc ZS | $193.80 | $101.45 | −48% | vs TENB |
| Palantir Technologies Inc PLTR | $172.40 | $42.20 | −76% | vs TENB |
| CrowdStrike Holdings CRWD | $229.06 | $37.97 | −83% | vs TENB |
| Palo Alto Networks, Inc PANW | $334.47 | $39.54 | −88% | vs TENB |
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Key figures of Tenable Holdings Inc
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