Tenable Holdings (STU:TE7) EV-to-FCF: 18.04 (As of Jul. 18, 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:TE7 Tenable Holdings Inc STU:TE7
76 GF Score
Price €34.60
GF Value €42.55
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Tenable Holdings EV-to-FCF?

Tenable Holdings STU:TE7 +0.29% 76 EV-to-FCF is 18.04 as of Jul. 18, 2026, which is 40% below its 10-year median of 30.08. GuruFocus rates STU:TE7 with a GF Score™ of 76/100 and a GF Value™ of €42.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,595 Software companies, Tenable Holdings ranks worse than 57.05% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Tenable Holdings's Enterprise Value is €3,914.5 Mil. Tenable Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €217.0 Mil. Therefore, Tenable Holdings's EV-to-FCF for today is 18.04.

The historical rank and industry rank for Tenable Holdings's EV-to-FCF or its related term are showing as below:

STU:TE7' s EV-to-FCF Range Over the Past 10 Years
Min: -327.6   Med: 30.08   Max: 389.77
Current: 17.65

During the past 10 years, the highest EV-to-FCF of Tenable Holdings was 389.77. The lowest was -327.60. And the median was 30.08.

STU:TE7's EV-to-FCF is ranked worse than
57.05% of 1595 companies
in the Software industry
Industry Median: 14.76 vs STU:TE7: 17.65

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-18), Tenable Holdings's stock price is €34.60. Tenable Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €-0.087. Therefore, Tenable Holdings's PE Ratio (TTM) for today is At Loss.


Tenable Holdings  (STU:TE7) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Tenable Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=34.60/-0.087
=At Loss

Tenable Holdings's share price for today is €34.60.
Tenable Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.087.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Tenable Holdings EV-to-FCF Related Terms


Tenable Holdings EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Tenable Holdings's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tenable Holdings EV-to-FCF Chart

Tenable Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.50 37.20 37.81 22.03 11.19

Tenable Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.35 16.56 14.27 11.19 7.91

STU:TE7 vs CLBT, BLSH, TDC: EV-to-FCF Comparison

For the Software - Infrastructure subindustry, Tenable Holdings's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tenable Holdings EV-to-FCF vs Software Industry

For the Software industry and Technology sector, Tenable Holdings's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Tenable Holdings's EV-to-FCF falls into.


STU:TE7
76GF Score
Tenable Holdings Inc STU:TE7
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tenable Holdings EV-to-FCF Calculation

Tenable Holdings's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3914.478/216.998
=18.04

Tenable Holdings's current Enterprise Value is €3,914.5 Mil.
Tenable Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €217.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 18.04 mean?
Tenable Holdings (STU:TE7) has a EV-to-FCF of 18.04 as of Jul. 18, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tenable Holdings and its competitors. This is 40% below median its historical median of 30.08. According to the industry distribution chart, Tenable Holdings ranks #910 out of 1595 companies in the Software industry, placing it in the top 57.1%.
Is Tenable Holdings' EV-to-FCF too high?
Tenable Holdings' current EV-to-FCF of 18.04 is 40% below median its 10-year median of 30.08. The Software industry median EV-to-FCF is 14.76. Tenable Holdings' value of 18.04 is 22.2% above this industry median. Based on the distribution chart, Tenable Holdings ranks #910 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, Tenable Holdings has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tenable Holdings' EV-to-FCF compare to CLBT and BLSH?
According to the Software industry distribution chart, Tenable Holdings ranks #910 out of 1595 companies for EV-to-FCF. This places Tenable Holdings in the lower half of its industry. The industry median EV-to-FCF is 14.76. Tenable Holdings' value of 18.04 is 22.2% above this benchmark. While the company's 10-year median is 30.08 vs. the industry median of 14.76, Tenable Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Software company?
The median EV-to-FCF among Software companies is 14.76, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenable Holdings's current EV-to-FCF of 18.04 is 22.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Tenable Holdings and its competitors. For the Software industry, the median EV-to-FCF is 14.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenable Holdings's current EV-to-FCF is 18.04, which is 40% below median its own 10-year median of 30.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenable Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tenable Holdings (STU:TE7) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.55, compared to a current price of €34.60 — trading 18.7% below its estimated fair value. The current EV-to-FCF is 18.04, which is 40% below median its 10-year median of 30.08 and 22.2% above the Software industry median of 14.76. Tenable Holdings' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Tenable Holdings (STU:TE7), the current EV-to-FCF is 18.04 as of Jul. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tenable Holdings (STU:TE7) Overvalued in 2026?

Based on GuruFocus' analysis, Tenable Holdings stock appears to be undervalued. The current stock price of €34.60 is trading 18.7% below its estimated GF Value™ of €42.55. GuruFocus considers Tenable Holdings to be Modestly Undervalued.

Key valuation signals for STU:TE7:

  • EV-to-FCF: 18.04 (40% below median its 10-year median of 30.08)
  • GF Value™: €42.55 vs. price of €34.60 (18.7% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 22.2% above the Software median (#910 of 1595)

No single metric tells the full story. See the STU:TE7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tenable Holdings Business Description

Other Exchanges TENB:USATENB:Mexico0ZC0:UK
Address 6100 Merriweather Drive, 12th Floor, Columbia, MD, USA, 21044
Founded in 2002, Tenable is a cybersecurity company that began providing vulnerability management solutions under its Nessus software. In recent years, Tenable has expanded its portfolio to provide a broader range of exposure management modules. Solutions include cloud security and compliance, active directory management, operational technology security and advanced vulnerability analytics. The Maryland-based company went public in 2018.
76GF Score

Get the complete analysis for STU:TE7

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.60
Price
€42.55
GF Value