TENB Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	4.59B EUR	4.07B EUR	1.94B EUR	2.79B EUR
Enterprise Value	4.42B EUR	4.37B EUR	2.22B EUR	3.01B EUR
Valuation Multiples
Trailing P/E	693.17x	604.14x	--	--
Forward P/E	19.07x	--	--	--
Price to Sales	4.39x	3.9x	1.9x	3.67x
Price to Book	23.16x	20.53x	7.81x	8.54x
EV/Revenue	4.24x	4.18x	2.17x	3.96x
EV/EBITDA	82.3x	46.44x	28.75x	56.86x
Price to FCF (P/FCF)	17.86x	16.01x	7.68x	16.4x
EV/FCF	17.21x	17.17x	8.78x	17.74x
FCF Yield	5.6%	6.24%	13.03%	6.1%