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 120.21x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: TENB stock price at discount vs ARCT $34.25 current versus $49.74 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 ARCT'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 edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: TENB FY 2025 (ended Dec 31, 2025) · ARCT FY 2025 (ended Dec 31, 2025).
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 120.21x
Capital structure 90% equity / 10% debt · EV / Revenue 3.30x
TENB carries the larger enterprise value at $3.77B against $270.74M; ARCT trades on the lower EV / Revenue multiple (3.30x vs 3.77x).
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.
ARCTURUS THERAPEUTICS HOLDINGS INC. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
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
0.24x
Net debt / EBITDA
Leverage against operating earnings
-0.11x
2.72x
Cash and equivalents
Liquid reserves on the balance sheet
$402.18M
$230.91M
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
Moderna, Inc.
TENB vs MRNA
BioNTech SE
TENB vs BNTX
ALNYLAM PHARMACEUTICALS, INC.
TENB vs ALNY
Sarepta Therapeutics, Inc.
TENB vs SRPT
Intellia Therapeutics, Inc.
TENB vs NTLA
$398.58M
$52.00M
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.