Tenable Holdings Inc
NASDAQ:TENB

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Tenable Holdings Inc
NASDAQ:TENB
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Price: 20.89 USD -2.7% Market Closed
Market Cap: $2.4B

EV/IC

1.8
Current
60%
Cheaper
vs 3-y average of 4.5

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.8
=
Enterprise Value
$2.3B
/
Invested Capital
$1.3B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.8
=
Enterprise Value
$2.3B
/
Invested Capital
$1.3B

Valuation Scenarios

Tenable Holdings Inc is trading below its 3-year average

If EV/IC returns to its 3-Year Average (4.5), the stock would be worth $52.41 (151% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-18%
Maximum Upside
+204%
Average Upside
99%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.8 $20.89
0%
3-Year Average 4.5 $52.41
+151%
5-Year Average 5.5 $63.49
+204%
Industry Average 2.9 $33.44
+60%
Country Average 1.5 $17.21
-18%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
US
Tenable Holdings Inc
NASDAQ:TENB
2.5B USD 1.8 -69.6
US
Microsoft Corp
NASDAQ:MSFT
3T USD 5.6 25.4
US
Oracle Corp
NYSE:ORCL
464B USD 2.8 28.7
US
Palo Alto Networks Inc
NASDAQ:PANW
146.3B USD 7.1 98.3
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
112.9B USD 18.9 -695
US
ServiceNow Inc
NYSE:NOW
91.5B USD 4.7 52.1
US
VMware Inc
XETRA:BZF1
58B EUR 2.8 47.9
US
Fortinet Inc
NASDAQ:FTNT
62.6B USD 9.1 33.8
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 61.1 491.7
CN
Knowledge Atlas Technology JSC Ltd
HKEX:2513
382.1B HKD 182.6 -70.8
CN
MiniMax Group Inc
HKEX:100
217.8B HKD 430.2 -14.8
P/E Multiple
Earnings Growth PEG
US
Tenable Holdings Inc
NASDAQ:TENB
Average P/E: 111.1
Negative Multiple: -69.6
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
25.4
18%
1.4
US
Oracle Corp
NYSE:ORCL
28.7
37%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
98.3
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -695 N/A N/A
US
ServiceNow Inc
NYSE:NOW
52.1
54%
1
US
V
VMware Inc
XETRA:BZF1
47.9
39%
1.2
US
Fortinet Inc
NASDAQ:FTNT
33.8
15%
2.3
US
Xperi Holding Corp
LSE:0M2A
491.7
N/A N/A
CN
K
Knowledge Atlas Technology JSC Ltd
HKEX:2513
Negative Multiple: -70.8 N/A N/A
CN
MiniMax Group Inc
HKEX:100
Negative Multiple: -14.8 N/A N/A

Market Distribution

In line with most companies in the United States of America
Percentile
56th
Based on 11 657 companies
56th percentile
1.8
Low
0 — 0.9
Typical Range
0.9 — 2.9
High
2.9 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 0.9
Median 1.5
70th Percentile 2.9
Max 566 432.7

Tenable Holdings Inc
Glance View

In the sprawling landscape of cybersecurity, Tenable Holdings Inc. has carved out a significant niche, driven by the increasing complexity of digital networks and the relentless rise of cyber threats. Founded in 2002, the company focuses on vulnerability management, offering its clients insights into where their digital infrastructures might be at risk. This becomes critical as organizations rely heavily on interconnected systems, from cloud applications to on-premise servers, and everything in between. Tenable's flagship product, Nessus, has become synonymous with vulnerability scanning, enabling businesses to proactively identify and mitigate security risks before malicious actors can exploit them. Tenable generates revenue through a subscription-based model, catering to enterprises of all sizes with a flexible, scalable approach. By offering both on-premises and cloud-based solutions, Tenable ensures that its services adapt to the evolving needs of its customers. The company has expanded its product portfolio beyond Nessus with offerings like Tenable.io and Tenable.sc, which provide wider capabilities such as continuous visibility and predictive prioritization. This suite not only helps in maintaining compliance and governance standards but also supports proactive risk management. Tenable's business model thrives on the increasing regulatory scrutiny and the growing awareness among businesses of the importance of comprehensive cybersecurity practices, making its solutions indispensable in the current digital era.

TENB Intrinsic Value
35.99 USD
Undervaluation 42%
Intrinsic Value
Price $20.89
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