Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 47.26x is 60% below its estimated 2-year average of 118.92x, near the low end of its estimated 2-year range (37.08x–231.54x).
As of 2026-10-02T20:25:56.359Z. 39.86% below its estimated 12-month average of 78.58x.
Calculation as of: 2026-10-02T20:25:56.359Z.
Quote observation: 2026-10-02T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c4dac3bba24c0a58f4c77652add14b603d66497d59af0e428120fd7a9d909f19
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-01.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
47.26x
EV/EBITDA RATIO AVG TTM
78.58x
EV/EBITDA RATIO AVG 3Y
N/A
EV/EBITDA RATIO AVG 5Y
N/A
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-39.86%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
25.94x
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+82.19%
vs the sector median at left
Tenable Holdings, Inc.
Market Cap
$4.06B
EV/EBITDA Ratio
47.26x
TTM Avg
78.58x
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$4.18B
EV/EBITDA Ratio
14.54x
TTM Avg
19.16x
3Y Avg
21.94x
5Y Avg
21.94x
Market Cap
$4.34B
EV/EBITDA Ratio
38.89x
TTM Avg
266.93x
3Y Avg
324.27x
5Y Avg
324.27x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Tenable Holdings, Inc. (TENB) | $4.06B | 47.26x | 78.58x | N/A | N/A |
| Dlocal Limited (DLO)vs › | $4.03B | 12.36x | 14.67x | 17.22x | 40.08x |
| Ondas Holdings Inc. (ONDS)vs › | $4.13B | N/A | N/A | N/A | N/A |
| Clear Secure, Inc. (YOU)vs › | $4.18B | 14.54x | 19.16x | 21.94x | 21.94x |
| Workiva Inc. (WK)vs › | $3.88B | 104.81x | 295.29x | 295.29x | 295.29x |
| Wix.com Ltd. (WIX)vs › | $3.81B | N/A | 73.60x | 541.83x | 541.83x |
| Itron, Inc. (ITRI)vs › | $3.79B | 8.69x | 12.77x | 17.32x | 45.66x |
| Bill.com Holdings, Inc. (BILL)vs › | $4.34B | 38.89x | 266.93x | 324.27x | 324.27x |
| AXT, Inc. (AXTI)vs › | $4.36B | 301.36x | 306.84x | 245.73x | 49.73x |
| Axcelis Technologies, Inc. (ACLS)vs › | $4.54B | 41.35x | 26.36x | 17.08x | 16.79x |
At 47.3, EV/EBITDA is at an extreme level, where the multiple carries little signal — higher than 8% of readings in its estimated 2-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 2-year low
37.1
median
107.3
estimated 2-year high
231.5
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-10-01 | 48.51x |
| 2026-09-30 | 48.86x |
| 2026-09-29 | 47.10x |
| 2026-09-28 | 46.45x |
| 2026-09-25 | 45.22x |
| 2026-09-24 | 48.22x |
| 2026-09-23 | 48.66x |
| 2026-09-22 | 48.26x |
| 2026-09-21 | 48.62x |
| 2026-09-18 | 47.66x |
| 2026-09-17 | 48.45x |
| 2026-09-16 | 48.83x |
| 2026-09-15 | 50.99x |
| 2026-09-14 | 47.22x |
| 2026-09-11 | 40.98x |
| 2026-09-10 | 43.39x |
| 2026-09-09 | 45.45x |
| 2026-09-08 | 45.49x |
| 2026-09-04 | 46.18x |
| 2026-09-03 | 46.48x |
| 2026-09-02 | 46.16x |
| 2026-09-01 | 47.71x |
| 2026-08-31 | 51.07x |
| 2026-08-28 | 50.47x |
| 2026-08-27 | 50.40x |
| 2026-08-26 | 45.44x |
| 2026-08-25 | 44.34x |
| 2026-08-24 | 45.79x |
| 2026-08-21 | 46.34x |
| 2026-08-20 | 46.00x |
| 2026-08-19 | 47.47x |
| 2026-08-18 | 48.80x |
| 2026-08-17 | 47.48x |
| 2026-08-14 | 51.29x |
| 2026-08-13 | 53.43x |
| 2026-08-12 | 49.62x |
| 2026-08-11 | 50.68x |
| 2026-08-10 | 49.25x |
| 2026-08-07 | 48.85x |
| 2026-08-06 | 48.58x |
| 2026-08-05 | 48.37x |
| 2026-08-04 | 62.24x |
| 2026-08-03 | 60.67x |
| 2026-07-31 | 56.88x |
| 2026-07-30 | 56.74x |
| 2026-07-29 | 55.00x |
| 2026-07-28 | 54.82x |
| 2026-07-27 | 56.56x |
| 2026-07-24 | 56.25x |
| 2026-07-23 | 55.23x |
| 2026-07-22 | 57.19x |
| 2026-07-21 | 59.24x |
| 2026-07-20 | 65.20x |
| 2026-07-17 | 68.64x |
| 2026-07-16 | 68.47x |
| 2026-07-15 | 69.15x |
| 2026-07-14 | 73.14x |
| 2026-07-13 | 67.54x |
| 2026-07-10 | 68.48x |
| 2026-07-09 | 71.06x |
| 2026-07-08 | 68.08x |
| 2026-07-07 | 69.85x |
| 2026-07-06 | 70.93x |
| 2026-07-02 | 66.57x |
| 2026-07-01 | 65.43x |
| 2026-06-30 | 63.77x |
| 2026-06-29 | 58.27x |
| 2026-06-26 | 52.95x |
| 2026-06-25 | 48.44x |
| 2026-06-24 | 49.22x |
| 2026-06-23 | 48.15x |
| 2026-06-22 | 46.65x |
| 2026-06-18 | 47.51x |
| 2026-06-17 | 47.53x |
| 2026-06-16 | 47.59x |
| 2026-06-15 | 48.89x |
| 2026-06-12 | 47.40x |
| 2026-06-11 | 47.51x |
| 2026-06-10 | 47.40x |
| 2026-06-09 | 47.22x |
| 2026-06-08 | 48.63x |
| 2026-06-05 | 49.10x |
| 2026-06-04 | 51.44x |
| 2026-06-03 | 52.09x |
| 2026-06-02 | 54.06x |
| 2026-06-01 | 51.49x |
| 2026-05-29 | 49.72x |
| 2026-05-28 | 46.02x |
| 2026-05-27 | 43.58x |
| 2026-05-26 | 45.81x |
| 2026-05-22 | 45.21x |
| 2026-05-21 | 44.75x |
| 2026-05-20 | 45.29x |
| 2026-05-19 | 44.88x |
| 2026-05-18 | 41.42x |
| 2026-05-15 | 38.77x |
| 2026-05-14 | 37.08x |
| 2026-05-13 | 37.30x |
| 2026-05-12 | 37.99x |
| 2026-05-11 | 38.48x |
| 2026-05-08 | 39.33x |
| 2026-05-07 | 38.85x |
| 2026-05-06 | 38.24x |
| 2026-05-05 | 64.38x |
| 2026-05-04 | 63.85x |
| 2026-05-01 | 64.96x |
| 2026-04-30 | 64.02x |
| 2026-04-29 | 65.62x |
| 2026-04-28 | 62.78x |
| 2026-04-27 | 62.86x |
| 2026-04-24 | 61.62x |
| 2026-04-23 | 60.13x |
| 2026-04-22 | 63.14x |
| 2026-04-21 | 61.87x |
| 2026-04-20 | 60.24x |
| 2026-04-17 | 59.77x |
| 2026-04-16 | 58.89x |
| 2026-04-15 | 58.62x |
| 2026-04-14 | 55.69x |
| 2026-04-13 | 54.43x |
| 2026-04-10 | 50.65x |
| 2026-04-09 | 51.67x |
| 2026-04-08 | 55.86x |
| 2026-04-07 | 56.60x |
| 2026-04-06 | 57.32x |
| 2026-04-02 | 54.89x |
| 2026-04-01 | 53.43x |
| 2026-03-31 | 53.08x |
| 2026-03-30 | 53.46x |
| 2026-03-27 | 52.03x |
| 2026-03-26 | 56.85x |
| 2026-03-25 | 56.36x |
| 2026-03-24 | 58.64x |
| 2026-03-23 | 62.31x |
| 2026-03-20 | 61.12x |
| 2026-03-19 | 62.09x |
| 2026-03-18 | 62.50x |
| 2026-03-17 | 62.23x |
| 2026-03-16 | 61.84x |
| 2026-03-13 | 62.36x |
| 2026-03-12 | 62.36x |
| 2026-03-11 | 62.97x |
| 2026-03-10 | 63.47x |
| 2026-03-09 | 64.38x |
| 2026-03-06 | 64.43x |
| 2026-03-05 | 64.82x |
| 2026-03-04 | 62.64x |
| 2026-03-03 | 61.45x |
| 2026-03-02 | 60.57x |
| 2026-02-27 | 82.19x |
| 2026-02-26 | 82.77x |
| 2026-02-25 | 81.30x |
| 2026-02-24 | 78.56x |
| 2026-02-23 | 75.70x |
| 2026-02-20 | 84.82x |
| 2026-02-19 | 92.20x |
| 2026-02-18 | 92.85x |
| 2026-02-17 | 93.28x |
| 2026-02-13 | 95.02x |
| 2026-02-12 | 93.36x |
| 2026-02-11 | 95.02x |
| 2026-02-10 | 96.37x |
| 2026-02-09 | 92.39x |
| 2026-02-06 | 89.92x |
| 2026-02-05 | 84.24x |
| 2026-02-04 | 84.08x |
| 2026-02-03 | 85.36x |
| 2026-02-02 | 92.97x |
| 2026-01-30 | 93.12x |
| 2026-01-29 | 91.27x |
| 2026-01-28 | 94.71x |
| 2026-01-27 | 95.79x |
| 2026-01-26 | 97.18x |
| 2026-01-23 | 94.63x |
| 2026-01-22 | 95.71x |
| 2026-01-21 | 94.17x |
| 2026-01-20 | 92.35x |
| 2026-01-16 | 93.36x |
| 2026-01-15 | 95.33x |
| 2026-01-14 | 94.94x |
| 2026-01-13 | 95.37x |
| 2026-01-12 | 97.14x |
| 2026-01-09 | 97.80x |
| 2026-01-08 | 98.92x |
| 2026-01-07 | 100.23x |
| 2026-01-06 | 97.88x |
| 2026-01-05 | 96.95x |
| 2026-01-02 | 95.71x |
| 2025-12-31 | 98.80x |
| 2025-12-30 | 99.92x |
| 2025-12-29 | 100.43x |
| 2025-12-26 | 101.01x |
| 2025-12-24 | 101.28x |
| 2025-12-23 | 101.43x |
| 2025-12-22 | 103.25x |
| 2025-12-19 | 103.67x |
| 2025-12-18 | 104.79x |
| 2025-12-17 | 103.17x |
| 2025-12-16 | 103.21x |
| 2025-12-15 | 103.52x |
| 2025-12-12 | 109.43x |
| 2025-12-11 | 110.86x |
| 2025-12-10 | 111.48x |
| 2025-12-09 | 110.51x |
| 2025-12-08 | 110.20x |
| 2025-12-05 | 109.89x |
| 2025-12-04 | 110.86x |
| 2025-12-03 | 111.48x |
| 2025-12-02 | 110.20x |
| 2025-12-01 | 109.39x |
| 2025-11-28 | 110.36x |
| 2025-11-26 | 109.39x |
| 2025-11-25 | 110.40x |
| 2025-11-24 | 107.11x |
| 2025-11-21 | 108.58x |
| 2025-11-20 | 107.00x |
| 2025-11-19 | 107.58x |
| 2025-11-18 | 107.58x |
| 2025-11-17 | 108.58x |
| 2025-11-14 | 112.14x |
| 2025-11-13 | 112.41x |
| 2025-11-12 | 114.18x |
| 2025-11-11 | 116.27x |
| 2025-11-10 | 116.31x |
| 2025-11-07 | 114.80x |
| 2025-11-06 | 113.68x |
| 2025-11-05 | 114.76x |
| 2025-11-04 | 152.64x |
| 2025-11-03 | 157.51x |
| 2025-10-31 | 157.51x |
| 2025-10-30 | 156.64x |
| 2025-10-29 | 155.58x |
| 2025-10-28 | 164.25x |
| 2025-10-27 | 163.24x |
| 2025-10-24 | 164.00x |
| 2025-10-23 | 162.58x |
| 2025-10-22 | 163.04x |
| 2025-10-21 | 164.81x |
| 2025-10-20 | 161.26x |
| 2025-10-17 | 157.56x |
| 2025-10-16 | 158.37x |
| 2025-10-15 | 159.59x |
| 2025-10-14 | 158.52x |
| 2025-10-13 | 159.13x |
| 2025-10-10 | 157.71x |
| 2025-10-09 | 160.45x |
| 2025-10-08 | 161.97x |
| 2025-10-07 | 158.37x |
| 2025-10-06 | 160.55x |
| 2025-10-03 | 160.40x |
| 2025-10-02 | 160.04x |
| 2025-10-01 | 156.74x |
| 2025-09-30 | 158.22x |
| 2025-09-29 | 161.72x |
| 2025-09-26 | 160.75x |
| 2025-09-25 | 160.30x |
| 2025-09-24 | 162.07x |
| 2025-09-23 | 163.09x |
| 2025-09-22 | 164.86x |
| 2025-09-19 | 163.64x |
Showing the most recent 260 of 404 data points. The chart above shows the full history.