OKTA

Okta, Inc.

Fundamental data last updated:November 6, 2026

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company profile

SECTOR

Technology

industry

Software - Infrastructure

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

12/01/2026

Business Summary

Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally. The company's flagship offering is the Okta Identity Cloud, a robust platform featuring a suite of integrated products and services. These include a Universal Directory, a cloud-based system designed to securely store and manage user, application, and device profiles; Single Sign-On (SSO), enabling seamless access to cloud-based or on-premises applications from multiple devices; and Adaptive Multi-Factor Authentication, which adds an extra layer of security for various applications and data. Further components encompass Lifecycle Management for overseeing a user's digital identity journey, API Access Management for securing interfaces, an Access Gateway to extend cloud capabilities to on-premises applications, and Advanced Server Access for safeguarding cloud infrastructure. Additionally, Okta incorporates Auth0's product portfolio. This includes Universal Login for consistent user authentication experiences across different apps and devices; Attack Protection, a suite of features to counter malicious online activity; Adaptive Multi-Factor Authentication, providing strong security with minimal user inconvenience; and Passwordless authentication, allowing users to log in through diverse methods without traditional passwords. Other Auth0 offerings are Machine to Machine (M2M) authentication and authorization built on industry standards; Private Cloud, for deploying dedicated Auth0 instances; and Organizations, providing independent configurations, login flows, and security settings for different groups. Okta further provides comprehensive customer assistance, educational programs, and specialized professional services. The company distributes its offerings directly via its sales teams and through a network of channel partners. Originally established as Saasure, Inc. in 2009, Okta, Inc. maintains its corporate headquarters in San Francisco, California.

 


VALUATION

P/E

127.31

Market Cap ($M USD)

$35.97B

Forward P/E

54.78

PEG

9.02

PRICE TO SALES

11.70

PRICE TO BOOK

5.38

EV / EBITDA

85.56

5-Year Average P/E

Free Cash Flow Yield

2.70%

DCF Value

$149.44

Graham Number

$39.10

Price to FCF

37.00

EV to FCF

36.27

Earnings Yield

0.79%

FCF Yield

2.70%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.70

Next Year EPS Growth Estimate

$3.93

Next Year Revenue Growth Estimate

$3.22B

Return on Equity (ROE)

4.26%

FREE CASH FLOW

Operating Margin

7.68%

Debt-to-Equity

0.01

Piotroski F-Score

8

Altman Z-Score

10.54

Return on Invested Capital (ROIC)

3.03%

Current Ratio

1.53

Quick Ratio

1.53

Net Debt to EBITDA

-1.72

Interest Coverage

78.67

Gross Profit margin

78.13%

FCF PER SHARE

$5.58

REVENUE PER SHARE

$17.63

Gainseekers Quantitative Analysis

Summary

OKTA’s valuation presents a compelling opportunity for deep value investors. The stock has traded significantly below its DCF value, suggesting a potential mispricing by the market. With a Forward P/E of 15.71 and an impressive Altman Z-score of 3.27, the company demonstrates both growth potential and financial stability. The Earnings Yield of 1.58% may appear modest, but when combined with a robust Piotroski F-Score of 8, it indicates strong operational efficiency and management quality. Overall, OKTA’s financial health is solid, though the market may not fully appreciate its intrinsic value.

AI Exposure / Tech Reliance

Operating within the Software - Infrastructure industry, OKTA is well-positioned to capitalize on AI and tech advancements. Its focus on identity management solutions aligns with the increasing demand for secure digital infrastructure. As AI continues to evolve, OKTA's adaptability and innovation in tech resilience are likely to bolster its market position.

The Bull Case

For value and GARP investors, OKTA offers a tantalizing proposition. The company's ROIC of 2.14% and FCF Yield of 6.34% highlight its efficient capital allocation and ability to generate cash. A high Piotroski F-Score of 8 underscores its operational strength, while a Gross Profit Margin of 77.36% speaks to its pricing power. These metrics suggest that OKTA is not only managing its resources effectively but also maintaining a competitive edge in its market.

The Bear Case

Despite its strengths, OKTA faces structural risks that cannot be ignored. The Price/Sales ratio of 4.86 and EV to EBITDA of 41.95 indicate a potentially overvalued stock relative to its sales and earnings. Additionally, with the stock trading near its 52-week high, there is a risk of technical overextension. While the company has low debt, its high valuation multiples could deter cautious investors wary of paying a premium.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$201.76

Institutional Ownership %

1-Year Beta

0.73

Insider Buying % (6 Mo)

Distance to 52-Week High

9.19%

Distance to 52-Week Low

70.89%

EARNINGS SURPRISE %

8.81%

50-DAY SMA

$189.69

200-DAY SMA

$123.29

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.