Stock analysis · Bull Rankings model

TENB analysis

Tenable Holdings, Inc.Software - Infrastructure. Scored on the same transparent model behind the daily rankings.

Cybersecurity
TENB
Tenable Holdings, Inc. · Software - Infrastructure
FCF$259mC
Rev+10.7%B
D/E1.70C
P/S3.5xB+
PEG0.99B+
65Score
$32.55$3.6B
1Y Target$35.40Analyst consensus · 20 analysts
5Y Target$61.91Compound horizon
10Y Target$157.02Long-dated conviction
FCF$259mTTM
C
FCF $259m — modest; watch for margin expansion
Rev+10.7%TTM YoY
B
Revenue +10.7% — at or above S&P median
D/E1.70
C
D/E 1.70 — more levered than most Technology peers (≈90th pctile)
P/S3.5x
B+
P/S 3.5x — below the Technology median (≈40th pctile)
PEG0.99
B+
PEG 0.99 — near fair value, classic Lynch benchmark (1.0)

Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.

Quality-growth score · 65
Quality0.50
Growth0.81
Value0.67
Why this score
  • Buying back stock
Entry · Margin of safety
52-week rangeMid-range
25% off the 12-month high
vs DCF fair value25% belowest. fair value ~$44
What the price assumes: free cash flow compounding at ~0% a year for the next decade — vs the ~11% a year our model projects from current growth and analyst estimates.
Quality signals · context only
Gross profitability49% · A-gross profit ÷ total assets (Novy-Marx)
ROIC5.5% · C+return on invested capital — not score-weighted
Why now
Software - Infrastructure · market cap $3.6b. Down 25% from 52-week high of $43.67 — deep drawdown territory. Revenue growing +11%, comfortably above the S&P median. PEG 0.99 — paying under fair value for the growth rate. 20 sell-side analysts rate this a Buy with a mean 1-yr target of $35.40 (implying +9% upside).
Moat
Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Currently unprofitable (margin -1.2%) — path to GAAP profitability is the core thesis risk. ROE -5% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Horizon
1-3 yr $35.40 (20-analyst consensus) — catalyst-driven; binary events dominate. 5 yr $61.91 — requires the platform / technology to reach commercial scale. 10 yr $157.02 — return distribution heavily skewed.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Trend
-0.2 over 31 daily scores
From 65.2 (Jun 22) → 65.0 (now)

One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.

Shares to buy
61
Position size
$1,986
4.0% of portfolio
Stop price
$24.41
25% below $32.55
$ at risk if stopped
$496.39
budget $500.00 · 1% of portfolio

Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.

Tenable Holdings, Inc. (TENB): score, valuation & FAQ

Tenable Holdings, Inc. (TENB) is a Software - Infrastructure company that scores 65 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

Its strongest graded signals are P/S (B+) and PEG (B+). On valuation, TENB sits about 25% below our discounted-cash-flow fair value (a margin of safety) — the current price implies roughly 0% annual free-cash-flow growth over the next decade.

Is TENB a good stock to buy?

Bull Rankings scores TENB 65 out of 100 on its quality-growth model, which is a solid, above-average reading. That is driven by P/S (B+) and PEG (B+). A score is a quantitative screen of Tenable Holdings, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does TENB score 65 on Bull Rankings?

The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). TENB earns its highest marks on P/S (B+) and PEG (B+). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.

Is TENB overvalued or undervalued?

Based on $32.55, TENB sits about 25% below our discounted-cash-flow fair value (a margin of safety) — the current price implies roughly 0% annual free-cash-flow growth over the next decade. Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.

What are the main risks of investing in TENB?

Currently unprofitable (margin -1.2%) — path to GAAP profitability is the core thesis risk. ROE -5% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate. Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.

New to these metrics? The guides explain free cash flow, how the score works, and more in the learn hub — or run another name through the screener.

Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.

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