Tenable Holdings stock has climbed 62.3% year to date, and a Discounted Cash Flow analysis suggests the shares trade at a 24.3% discount to an estimated intrinsic value of about $48.75 per share, based on trailing free cash flow of roughly $252.6 million. On a price-to-sales basis, the stock trades at about 4.0 times, compared with a broader software industry average of roughly 3.3 times and a peer group average of about 6.6 times, while a tailored fair multiple is estimated at around 3.7 times, indicating the valuation is not stretched or unusually cheap on sales. The mixed picture is supported by a broader valuation score of 3 out of 6, with the bull case arguing the stock is 18% undervalued and the bear case suggesting it is 28% overvalued. Key developments include fresh FedRAMP High and Impact Level 5 authorization for Tenable One Cloud Exposure and a new partnership with OpenAI, though execution risks in government and AI-driven security workloads remain.
Tenable Holdings IncDCF suggests 24.3% discount to intrinsic value, but P/S is above industry average; mixed valuation signals.