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Tenable Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tenable and similar public comparables like AvePoint, CETC Cyberspace Security, Ncino, TRS Information Technology and more.
Tenable Overview
About Tenable
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
Founded
2015
HQ
Employees
1.9K
Website
Financials (LTM)
EV
$2B
Tenable Financials
Tenable reported last 12-month revenue of $1B and EBITDA of $245M.
In the same LTM period, Tenable generated $837M in gross profit, $245M in EBITDA, and $202M in net income.
Revenue (LTM)
Tenable P&L
In the most recent fiscal year, Tenable reported revenue of $999M and EBITDA of $235M.
Tenable expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $999M | XXX | XXX | XXX |
| Gross Profit | $837M | XXX | $780M | XXX | XXX | XXX |
| Gross Margin | 82% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $245M | XXX | $235M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $202M | XXX | $194M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| Net Debt | — | — | $166M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tenable Stock Performance
Tenable has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Tenable's stock price is $19.35.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 1.6% | XXX | XXX | XXX | $1.69 |
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Start Free TrialTenable Valuation Multiples
Tenable trades at 2.2x EV/Revenue multiple, and 9.1x EV/EBITDA.
EV / Revenue (LTM)
Tenable Financial Valuation Multiples
As of April 18, 2026, Tenable has market cap of $2B and EV of $2B.
Equity research analysts estimate Tenable's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tenable has a P/E ratio of 11.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.1x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 9.8x | XXX | 10.2x | XXX | XXX | XXX |
| EV/Gross Profit | 2.7x | XXX | 2.9x | XXX | XXX | XXX |
| P/E | 11.0x | XXX | 11.4x | XXX | XXX | XXX |
| EV/FCF | 8.8x | XXX | 8.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tenable Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tenable Margins & Growth Rates
Tenable's revenue in the last 12 month grew by 7%.
Tenable's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.4M for the same period.
Tenable's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tenable's rule of X is 43% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tenable Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 43% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 34% | XXX | 42% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | 22% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 79% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tenable Public Comps
See public comps and valuation multiples for other Cybersecurity and Vertical AI Applications comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tenable | XXX | XXX | XXX | XXX | XXX | XXX |
| AvePoint | XXX | XXX | XXX | XXX | XXX | XXX |
| CETC Cyberspace Security | XXX | XXX | XXX | XXX | XXX | XXX |
| Ncino | XXX | XXX | XXX | XXX | XXX | XXX |
| TRS Information Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| NetScout Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tenable M&A Activity
Tenable acquired XXX companies to date.
Last acquisition by Tenable was on XXXXXXXX, XXXXX. Tenable acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tenable
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTenable Investment Activity
Tenable invested in XXX companies to date.
Tenable made its latest investment on XXXXXXXX, XXXXX. Tenable invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tenable
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tenable
| When was Tenable founded? | Tenable was founded in 2015. |
| Where is Tenable headquartered? | Tenable is headquartered in United States. |
| How many employees does Tenable have? | As of today, Tenable has over 1K employees. |
| Who is the CEO of Tenable? | Tenable's CEO is Stephen A. Vintz. |
| Is Tenable publicly listed? | Yes, Tenable is a public company listed on Nasdaq. |
| What is the stock symbol of Tenable? | Tenable trades under TENB ticker. |
| When did Tenable go public? | Tenable went public in 2018. |
| Who are competitors of Tenable? | Tenable main competitors are AvePoint, CETC Cyberspace Security, Ncino, TRS Information Technology. |
| What is the current market cap of Tenable? | Tenable's current market cap is $2B. |
| What is the current revenue of Tenable? | Tenable's last 12 months revenue is $1B. |
| What is the current revenue growth of Tenable? | Tenable revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Tenable? | Current revenue multiple of Tenable is 2.2x. |
| Is Tenable profitable? | Yes, Tenable is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tenable? | Tenable's last 12 months EBITDA is $245M. |
| What is Tenable's EBITDA margin? | Tenable's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Tenable? | Current EBITDA multiple of Tenable is 9.1x. |
| What is the current FCF of Tenable? | Tenable's last 12 months FCF is $255M. |
| What is Tenable's FCF margin? | Tenable's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of Tenable? | Current FCF multiple of Tenable is 8.8x. |
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