Tenable HoldingsTENB +2.27%69 PB Ratio is 12.89 as of Jun. 25, 2026, which is 29% below its 10-year median of 18.16. GuruFocus rates TENB with a GF Score™ of 69/100 and a GF Value™ of $48.77 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,624 Software companies, Tenable Holdings ranks worse than 92.91% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Tenable Holdings's share price is $27.92. Tenable Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $2.17. Hence, Tenable Holdings's PB Ratio of today is 12.89.
Warning Sign:
Tenable Holdings Inc stock PB Ratio (=12.6) is close to 1-year high of 13.03.
The historical rank and industry rank for Tenable Holdings's PB Ratio or its related term are showing as below:
TENB'
s PB Ratio Range Over the Past 10 Years
Min: 6 Med: 18.16 Max: 42.85
Current: 12.87
During the past 10 years, Tenable Holdings's highest PB Ratio was 42.85. The lowest was 6.00. And the median was 18.16.
TENB's PB Ratio is ranked worse than 92.91% of 2624
companies
in the Software industry
Industry Median: 2.37
vs TENB: 12.87
During the past 12 months, Tenable Holdings's average Book Value Per Share Growth Rate was -32.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 15.30% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Tenable Holdings was 33.70% per year. The lowest was 4.80% per year. And the median was 19.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Tenable Holdings PB Ratio Related Terms
Tenable Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Tenable Holdings's PB Ratio 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.
For the Software - Infrastructure subindustry, Tenable Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Software Industry
For the Software industry and Technology sector, Tenable Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tenable Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Tenable Holdings (TENB) has a PB Ratio of 12.89 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tenable Holdings and its competitors. This is 29% below median its historical median of 18.16. Over the past decade, Tenable Holdings' PB Ratio has ranged from 6.00 to 42.85. According to the industry distribution chart, Tenable Holdings ranks #2438 out of 2624 companies in the Software industry, placing it in the top 92.9%.
Is Tenable Holdings' PB Ratio too high?
Tenable Holdings' current PB Ratio of 12.89 is 29% below median its 10-year median of 18.16. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 42.85. The Software industry median PB Ratio is 2.37. Tenable Holdings' value of 12.89 is 443.9% above this industry median. Based on the distribution chart, Tenable Holdings ranks #2438 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Tenable Holdings has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tenable Holdings' PB Ratio compare to TDC and NTCT?
According to the Software industry distribution chart, Tenable Holdings ranks #2438 out of 2624 companies for PB Ratio. This places Tenable Holdings in the lower half of its industry. The industry median PB Ratio is 2.37. Tenable Holdings' value of 12.89 is 443.9% above this benchmark. Historically, Tenable Holdings' own PB Ratio has ranged from 6.00 to 42.85 over the past decade. While the company's 10-year median is 18.16 vs. the industry median of 2.37, 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.37, based on 2,624 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenable Holdings's current PB Ratio of 12.89 is 443.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tenable Holdings and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenable Holdings's current PB Ratio is 12.89, which is 29% below median its own 10-year median of 18.16. 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 (TENB) is currently considered Possible Value Trap. The stock's GF Value™ is $48.77, compared to a current price of $27.92 — trading 42.8% below its estimated fair value. The current PB Ratio is 12.89, which is 29% below median its 10-year median of 18.16 and 443.9% above the Software industry median of 2.37. Tenable Holdings' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Tenable Holdings (TENB), the current PB Ratio is 12.89 as of Jun. 25, 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 (TENB) Overvalued in 2026?
Based on GuruFocus' analysis, Tenable Holdings stock appears to be undervalued.
The current stock price of $27.92 is trading 42.8% below its estimated GF Value™ of $48.77.
GuruFocus considers Tenable Holdings to be Possible Value Trap.
Key valuation signals for TENB:
PB Ratio: 12.89 (29% below median its 10-year median of 18.16)
GF Value™: $48.77 vs. price of $27.92 (42.8% below fair value)
Industry Position: 443.9% above the Software median (#2438 of 2624)
No single metric tells the full story. See the TENB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
69GF Score
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