The .NET System.ComponentModel namespace comes with an IEditableObject interface, you could also use INotifyPropertyChanging and INotifyPropertyChanged. MVC Pattern would also make it that your interface responds to changes in the model through events thus updating or restoring the value of your textbox.
Effectively the Memento Pattern.
Have you had a look into these? Here is a how to.
A simple and quicker version would be to store the state of the textbox OnTextChanged. Each undo would return the last event in an Array. The C# Stack Type would be handy here. You could clear the state once you are off the interface also or after Apply.