Tenable Holdings, Inc.

Tenable Holdings, Inc.

TENBยทNASDAQ

$29.69

+1.3%
TechnologySoftware - Infrastructure

Tenable Holdings, Inc. provides cyber exposure solutions for in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Its platforms include Tenable.io, 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; Tenable.io 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 Tenable.ad, 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; Tenable.sc, an on-premises solution that provides a risk-based view of an organization's IT, security and compliance posture. In addition, it provides Nessus Professional, a vulnerability assessment solution for identifying security vulnerabilities, configuration issues, and malware; and Nessus Essentials, which includes vulnerability and configuration assessment for a limited number of assets. The company was founded in 2002 and is headquartered in Columbia, Maryland.

At a Glance

Live Snapshot
Market Cap$3.27B
EPS-0.3000
P/E Ratio-98.97
Earnings Date07/29/2026
Tenable Holdings, Inc.

Tenable Holdings, Inc. Fair Value Envelope

TENB ยท NASDAQ

Our analysis suggests that TENB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.69, this represents a potential HIDDEN relative to our calculated worth for Tenable Holdings, Inc..

Intrinsic Value
Current Price: $29.69

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$17.1B
+ Cash & Equivalents$187.8M
Firm Value$17.3B
- Debt$465.6M
Equity Value$16.8B
/ Shares Outstanding120,321,359B
DCF Value$140
UNDERVALUED BY 370%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$318.6M
$380.4M
$454.3M
$542.6M
$648.0M
$773.9M
$924.2M
$1.1B
$1.3B
$1.6B
Maintenance CapEx
-$2.9M
-$3.5M
-$4.1M
-$4.9M
-$5.9M
-$7.0M
-$8.4M
-$10.0M
-$12.0M
-$14.3M
Owner Earnings
$315.7M
$377.0M
$450.2M
$537.7M
$642.1M
$766.8M
$915.8M
$1.1B
$1.3B
$1.6B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$292.3M
$323.2M
$357.4M
$395.2M
$437.0M
$483.2M
$534.4M
$590.9M
$653.4M
$722.5M
Terminal Value represents 71.9% of Enterprise Value