Tenable Holdings, Inc.
$3.77B- Market cap
- $3.77B
- Debt
- +$398.58M
- Cash
- −$402.18M
Capital structure 90% equity / 10% debt · EV / Revenue 3.77x · EV / EBITDA 120.28x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: TENB stock price at discount vs ADI $34.27 current versus $144.56 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ADI's multiple
Implied fair value · at TENB's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TENB FY 2025 (ended Dec 31, 2025) · ADI FY 2025 (ended Nov 1, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 90% equity / 10% debt · EV / Revenue 3.77x · EV / EBITDA 120.28x
Capital structure 95% equity / 5% debt · EV / Revenue 16.38x · EV / EBITDA 38.31x
ADI carries the larger enterprise value at $180.49B against $3.77B; TENB trades on the lower EV / Revenue multiple (3.77x vs 16.38x); ADI on the lower EV / EBITDA (38.31x vs 120.28x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
TENABLE HOLDINGS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Analog Devices, Inc. · implied price per share
Bear
$110.84
Base
$135.85
Bull
$170.33
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.22x
0.25x
Net debt / EBITDA
Leverage against operating earnings
-0.11x
1.05x
Cash and equivalents
Liquid reserves on the balance sheet
$402.18M
$3.65B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
CrowdStrike Holdings, Inc.
TENB vs CRWD
Okta, Inc.
TENB vs OKTA
QUALYS, INC.
TENB vs QLYS
SentinelOne, Inc.
TENB vs S
Texas Instruments Incorporated
TENB vs TXN
Intel Corporation
TENB vs INTC
NVIDIA Corporation
TENB vs NVDA
Qualcomm Incorporated
TENB vs QCOM
Broadcom Inc.
TENB vs AVGO
$398.58M
$8.59B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.