Okta, Inc. (OKTA)

NASDAQ: OKTA · USD

$222

-3.91 (-1.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-10

Our latest published analysis: OKTA rated Sell

Okta, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$39.3 / share

Potential value

$51.8 / share

Upside to FV

-53.2%

from $222

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$14.7B
Revenue (ttm)	3.1B
Net income (ttm)	296M
EPS (ttm)	$1.64
Shares out	174.8M
P/E (trailing)	135.2x
P/E (forward)	19.8x
Volume	1,909,722
Beta	0.73

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.1B
Net income (ttm): 296M
EPS (ttm): $1.64
P/E (trailing): 135.2x
P/E (forward): 19.8x
Market cap: $14.7B

Item	P1	P2	P3	P4	Trend
Period	2023-01-31	2024-01-31	2025-01-31	2026-01-31	Trend
Revenue	$1.86B	$2.26B	$2.61B	$2.92B	+16.3%
Gross profit	$1.31B	$1.68B	$1.99B	$2.26B	+19.8%
Operating income	$-790.0M	$-329.0M	$51.0M	$259.0M	—
Net income	$-815.0M	$-355.0M	$28.0M	$235.0M	—
EPS (diluted)	$-5.16	$-2.17	$0.06	$1.31	—
EBITDA	$-676.0M	$-230.0M	$149.0M	$355.0M	—
R&D	$620.0M	$656.0M	$642.0M	$639.0M	+1.0%
SG&A	$1.48B	$1.49B	$1.41B	$1.47B	-0.2%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	매도
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	매도
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	적극 매수
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	보유
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	매도
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	매도

Base and Bull scenarios

Bull20%

Price target

$51.80

-38.3% from spot

Consolidation of identity management leads to robust cross-selling of workforce and customer identity solutions, accelerating revenue growth while margins expand significantly.

Revenue growth re-accelerates to 15%+ on successful cross-selling.
Operating margins expand towards the 33% sector median.
Terminal multiple expands to 25x.

Base60%

Price target

$39.30

-53.2% from spot

Okta matures into a durable but slower-growing compounder. Single-digit revenue growth and heavy SBC dilution cap value creation, driving a massive divergence against market-implied 22% growth.

Revenue growth stabilizes in the 8-11% internal valuation cross-checks band.
Operating margin remains stagnant at 15%.
Terminal PE settles at 21x.

Sensitivity: Ke × terminal growth

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
7.6%	$46.3	$50.9	$56.4	$63.2	$68.8
8.6%	$39.3	$42.5	$46.3	$50.9	$56.4
9.6%	$34.1	$36.6	$39.3	$42.5	$46.3
10.6%	$30.2	$32.0	$34.1	$36.6	$39.3
11.6%	$27.0	$28.5	$30.2	$32.0	$34.1

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E19.8

P25 n/aP50 n/aP75 n/a

Trailing P/E64.1

P25 n/aP50 n/aP75 n/a

ROE4.3

P25 n/aP50 n/aP75 n/a

ROIC4.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All OKTA indicators

Market & fundamental data

Available fields

257

Groups with data

Currency

USD

Showing 257 of 257 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001660134
Company name	Okta, Inc.
Country	United States
Country code	US
CUSIP number	679295105
Earnings date	2026-12-01
Earnings time	amc
Employees	6,366
Employees change	452
Employees growth	7.64%
Enterprise value	$36.6B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-07-31
First seen	2026-05-09
Fiscal year end	January
Founded	2009
Industry	Software - Infrastructure
IPO date	2017-04-07
Is primary listing	Yes
Is SPAC	No
ISIN number	US6792951054
Last 10-K release date	2026-03-05
Last earnings date	2026-08-26
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$38.8B
Market cap category	Large-Cap
Next earnings date	2026-12-01
Options	Yes
Price	$222.16
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	OKTA
U.S. state	California
Website	https://www.okta.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	60.37x
Earnings yield	0.74%
EV/Earnings	124.03x
EV/EBIT	155.56x
EV/EBITDA	114.37x
EV/FCF	37.5x
EV/Sales	11.95x
FCF / EV yield	2.67%
FCF yield	2.51%
Forward EV/Sales	10.87x
Forward P/E	54.47x
Forward P/S	11.53x
Graham number	38.40593
Graham upside	-82.77%
Industry forward P/E	29.48x
Industry P/E	39.18x
P/(FCF - SBC) ratio	81.85x
P/(OCF - SBC) ratio	80.49x
P/B ratio	5.67x
P/E ratio	135.17x
P/FCF ratio	39.79x
P/OCF ratio	39.47x
P/S ratio	12.68x
PEG ratio	3.12x
Price / tangible book value	27.71x
Price/EBITDA ratio	121.37x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	7.68%
EBITDA margin	10.45%
Effective tax rate	8.64%
FCF margin	31.86%
Gross margin	78.13%
Operating margin	7.68%
Pretax margin	10.54%
Profit margin	9.63%
Profit per employee	$46,497
Profitable quarters	9
Profitable years	2
Revenue per employee	$482,721
ROA	1.58%
ROA (5Y)	-3.11%
ROCE	3.32%
ROE	4.31%
ROE (5Y)	-8.45%
ROIC	4.56%
ROIC (5Y)	-7.12%
SBC / revenue	16.37%
Tax / revenue	0.91%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	109.05%
EPS growth (Q)	75.68%
EPS growth (QoQ)	54.76%
EPS growth quarters	3
EPS growth years	4
FCF growth	15.45%
FCF growth (Q)	41.21%
FCF growth (QoQ)	-15.58%
FCF growth 3Y	55.37%
FCF growth 5Y	50.84%
Gross profit growth	12.99%
Gross profit growth (Q)	14.46%
Gross profit growth 3Y	17.06%
Gross profit growth 5Y	26.75%
Net income growth	76.19%
Net income growth (Q)	73.13%
Net income growth (QoQ)	56.76%
Net income growth quarters	17
Net income growth years	4
OCF growth	15.71%
OCF growth (Q)	40.12%
OCF growth (QoQ)	-15.52%
OCF growth 3Y	54.43%
OCF growth 5Y	49.58%
Operating income growth	184.34%
Operating income growth (Q)	160.98%
Revenue growth	11.22%
Revenue growth (Q)	10.58%
Revenue growth (QoQ)	5.23%
Revenue growth 10Y	43.01%
Revenue growth 3Y	14.17%
Revenue growth 5Y	24.71%
Revenue growth quarters	38
Revenue growth years	11

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-8M
Depreciation and amortization	$85M
EBIT	$236M
EBITDA	$321M
EPS	$1.64
FCF per share	$5.60
Financing cash flow	$-1.4B
Free cash flow	$979M
Free cash flow minus SBC	$476M
Gross profit	$2.4B
Income taxes	$28M
Investing cash flow	$346M
Net borrowing	$-860M
Net cash flow	$-115M
Net income	$296M
Operating cash flow minus SBC	$484M
Operating income	$236M
Revenue	$3.1B
Stock-based compensation	$503M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	4.76
Book value per share	$39.89
Debt / EBITDA	0.15
Debt / equity	0.01
Debt / FCF	0.05
Goodwill	$5.5B
Interest coverage	78.67
Long-term assets	$6B
Long-term liabilities	$140M
Net cash (debt)	$2.2B
Net cash / market cap	5.77%
Net cash growth	17.1%
Net debt / EBITDA	-7
Net debt / equity	-0.32
Net debt / FCF	-2.29
Piotroski F-Score	7
Property, plant and equipment	$86M
Shareholders' equity	$7B
Tangible book value	$1.4B
Tangible book value per share	$8.04
Total assets	$9.1B
Total cash	$2.3B
Total debt	$53M
Total liabilities	$2.2B
WACC	8.28%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.33
Current assets	$3.1B
Current liabilities	$2B
Current ratio	1.53
Net working capital	$-1.2B
Quick ratio	1.38
Working capital	$1.1B
Working capital turnover	3.1

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.21%
Dividend yield	0%
Shareholder yield	3.21%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$136.92
1D price change	-1.73%
1M price change	14.03%
1M total return	14.03%
1W price change	14.72%
1W total return	14.72%
1Y price change	147.28%
1Y return CAGR	147.44%
1Y total return	147.28%
20-day SMA	$213.42
200-day SMA	$123.29
3M price change	61.96%
3M total return	61.96%
3Y price change	231.81%
3Y return CAGR	49.14%
3Y total return	231.81%
50-day SMA	$189.69
50-day SMA vs 200-day SMA	50over200
52-week high	$235.00
52-week high date	2026-10-12
52-week low	$62.66
52-week low date	2026-04-10
5Y price change	-10.97%
5Y return CAGR	-2.3%
5Y total return	-10.97%
6M price change	192.33%
6M total return	192.33%
All-time high	$294.00
All-time high date	2021-02-12
All-time low	$21.52
All-time low date	2017-08-01
Average true range (ATR)	$11.19
Average volume	3.1M
Beta (1Y)	1.61
Beta (2Y)	1.1
Beta (5Y)	0.73
Change from 52-week high	-5.46%
Change from 52-week low	254.55%
Change from all-time high	-24.29%
Change from all-time low	934.29%
Change from open	-1.7%
Day's gap	-0.03%
Dollar volume	$424.3M
High price	$228.56
Low price	$221.37
Monthly RSI	79.88
Open price	$226.00
Position in 52-week range	10.99%
Premarket change	-0.17%
Premarket close	$226.07
Premarket price	$225.69
Premarket volume	20.6K
Previous close	$226.07
Price vs 150-day SMA	62.57%
Price vs 20-day SMA	4.29%
Price vs 200-day SMA	80.54%
Price vs 50-day SMA	17.34%
Relative volume	0.62
RSI	59.54
Sharpe ratio	1.6
Sharpe ratio (3Y)	0.9
Sharpe ratio (5Y)	0.19
Sortino ratio	3.13
Sortino ratio (3Y)	1.67
Sortino ratio (5Y)	0.38
Volume	1.9M
Weekly RSI	68.64
YTD price change	157.41%
YTD total return	157.41%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	166.7M
Float percentage	95.38%
Shares change (QoQ)	0.62%
Shares change (YoY)	-3.21%
Shares held by insiders	4.42%
Shares held by institutions	94.85%
Shares outstanding	174.8M
Short % of float	4.17%
Short % of shares	3.98%
Short ratio	2 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	181

Deeper analysis on OKTA

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this OKTA report

What is the latest published OKTA stock rating?

Okta, Inc. is shown with Sell in the latest published report, analyzed 2026-05-10. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full OKTA analysis?

The full latest published report, analyzed 2026-05-10, lives at /stocks/OKTA/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for OKTA?

The latest published report analyzed 2026-05-10 gives OKTA a fair value of USD 39 and a potential value of USD 52. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the OKTA page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-10). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellOKTA · Fair value $39.3-53.2%

Read full analysis →

Okta, Inc. (OKTA)

Our latest published analysis: OKTA rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · OKTA

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All OKTA indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on OKTA

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	7.1
Balance Sheet	7.0
Profitability	3.5
Revenue Growth	6.0
Risk Assessment	8.5
Competitive Moat	6.5
Earnings Quality	9.0
Capital Efficiency	2.5