Tenable Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-106.22-304.24
Price/Sales ratio
3.172.71
Earnings per Share (EPS)
$-0.28$-0.09

Historical Multiples (2016 – 2023)

2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-64.13-58.16-16.17-23.23-123.53-125.51-46.05-67.90-55.37-55.37
Price/Sales ratio
19.1812.714.446.4811.9910.826.216.657.476.48
Price/Book Value ratio
-7.90-6.429.7623.2535.0327.2115.6715.3418.8535.03
Price/Cash Flow ratio
-856.78-380.80-464.70-214.1182.1860.5432.3835.4738.94-214.11
Price/Free Cash Flow ratio
-278.72-264.51-143.41-73.22120.0964.9437.9137.6745.59-73.22
Price/Earnings Growth ratio
N/A-5.46-0.090.932.08-26.35-0.513.750.682.08
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
88.56%86.36%83.85%82.84%82.38%80.33%77.34%77.01%77.34%82.38%
Operating Profit Margin
-28.81%-21.71%-27.14%-25.60%-8.27%-7.71%-9.92%-6.53%-9.92%-25.60%
Pretax Profit Margin
-29.23%-21.76%-26.61%-24.15%-8.42%-9.35%-12.48%-8.43%-12.48%-24.15%
Net Profit Margin
-29.91%-21.85%-27.49%-27.92%-9.70%-8.62%-13.49%-9.80%-13.49%-27.92%
Effective Tax Rate
-2.31%-0.41%-3.32%-15.60%-15.25%7.80%-8.12%-16.14%-8.12%-15.60%
Return on Assets
-35.27%-24.96%-15.96%-17.72%-6.18%-3.73%-6.40%-4.87%-6.40%-17.72%
Return On Equity
12.32%11.03%-60.38%-100.10%-28.36%-21.67%-34.04%-22.60%-37.06%-100.10%
Return on Capital Employed
4746.09%254.60%-35.18%-39.31%-11.54%-5.46%-7.92%-5.60%-7.92%-39.31%
Liquidity Ratios
Current Ratio
N/AN/A1.561.101.29N/AN/AN/A1.461.10
Quick Ratio
0.820.611.561.101.291.541.391.191.291.10
Cash ratio
0.320.150.640.220.470.570.510.350.510.22
Days of Sales Outstanding
105.8698.9293.1897.6195.6392.13100.08100.56100.0897.61
Days of Inventory outstanding
0.000.00N/A0.00N/A0.00104.39N/AN/AN/A
Operating Cycle
105.8698.9293.1897.6195.6392.13204.47100.5624.6795.63
Days of Payables Outstanding
16.714.821.4410.3926.9755.7644.1433.6844.1410.39
Cash Conversion Cycle
89.1594.1091.7487.2168.6636.37160.3366.8855.9468.66
Debt Ratios
Debt Ratio
N/AN/A0.000.000.000.290.250.220.810.00
Debt Equity Ratio
N/AN/A0.030.050.021.691.331.044.310.05
Long-term Debt to Capitalization
N/AN/AN/AN/AN/A0.620.570.500.16N/A
Total Debt to Capitalization
N/AN/A0.030.050.020.620.570.510.170.05
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A-3.75N/A
Cash Flow to Debt Ratio
N/AN/A-0.60-2.0616.830.260.360.412.24-2.06
Company Equity Multiplier
-0.34-0.443.785.644.585.805.314.635.314.58
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.02-0.03-0.00-0.030.140.170.190.180.19-0.03
Free Cash Flow / Operating Cash Flow Ratio
3.071.433.242.920.680.930.850.940.850.68
Cash Flow Coverage Ratio
N/AN/A-0.60-2.0616.830.260.360.412.24-2.06
Short Term Coverage Ratio
N/AN/A-0.60-2.0616.83N/AN/A56.1022.53-2.06
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A