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.
FY 2025 · Mkt cap
Decision snapshot: TENB stock price at discount vs GRMN $34.25 current versus $66.91 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 GRMN'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) · GRMN FY 2025 (ended Dec 27, 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 120.21x
Capital structure 98% equity / 2% debt · EV / Revenue 7.22x · EV / EBITDA 23.79x
GRMN carries the larger enterprise value at $52.32B against $3.77B; TENB trades on the lower EV / Revenue multiple (3.77x vs 7.22x); GRMN on the lower EV / EBITDA (23.79x vs 120.21x).
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.
GARMIN LTD · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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
0.13x
Net debt / EBITDA
Leverage against operating earnings
-0.11x
-0.50x
Cash and equivalents
Liquid reserves on the balance sheet
$402.18M
$2.28B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$398.58M
$1.17B
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