Okta, Inc.

NasdaqGS:OKTA Stock Report

Market Cap: US$16.5b

Okta Valuation

Is OKTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OKTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$153.28
Fair Value
40.3% undervalued intrinsic discount
42
Number of Analysts

Below Fair Value: OKTA ($91.56) is trading below our estimate of fair value ($153.28)

Significantly Below Fair Value: OKTA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OKTA?

Key metric: As OKTA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OKTA. This is calculated by dividing OKTA's market cap by their current earnings.
What is OKTA's PE Ratio?
PE Ratio123.3x
EarningsUS$130.00m
Market CapUS$16.53b

Price to Earnings Ratio vs Peers

How does OKTA's PE Ratio compare to its peers?

The above table shows the PE ratio for OKTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.9x
GDDY GoDaddy
31.7x15.00%US$24.3b
AKAM Akamai Technologies
25x13.79%US$11.6b
VRSN VeriSign
33.4x7.76%US$26.8b
WIX Wix.com
57.5x26.31%US$8.7b
OKTA Okta
123.3x25.02%US$16.5b

Price-To-Earnings vs Peers: OKTA is expensive based on its Price-To-Earnings Ratio (123.3x) compared to the peer average (36.9x).

Price to Earnings Ratio vs Industry

How does OKTA's PE Ratio compare vs other companies in the US IT Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MLGO MicroAlgo
3.3xn/aUS$17.38m
GTCH GBT Technologies
0.1xn/aUS$3.70m
MITI Mitesco
2.8xn/aUS$3.24m
GMTH GMTech
3.6xn/aUS$2.14m
OKTA 123.3xIndustry Avg. 29.1xNo. of Companies7PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OKTA is expensive based on its Price-To-Earnings Ratio (123.3x) compared to the US IT industry average (29.1x).

Price to Earnings Ratio vs Fair Ratio

What is OKTA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OKTA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio123.3x
Fair PE Ratio41.6x

Price-To-Earnings vs Fair Ratio: OKTA is expensive based on its Price-To-Earnings Ratio (123.3x) compared to the estimated Fair Price-To-Earnings Ratio (41.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OKTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$91.56
US$122.36
+33.64%
12.89%US$148.00US$75.00n/a42
Jul ’26US$98.55
US$123.32
+25.13%
11.93%US$148.00US$75.00n/a41
Jun ’26US$103.17
US$123.32
+19.53%
11.93%US$148.00US$75.00n/a41
May ’26US$111.86
US$117.33
+4.89%
10.72%US$140.00US$75.00n/a40
Apr ’26US$104.69
US$117.29
+12.03%
11.31%US$140.00US$75.00n/a39
Mar ’26US$90.49
US$106.00
+17.14%
12.71%US$140.00US$75.00n/a37
Feb ’26US$94.22
US$104.22
+10.61%
12.53%US$140.00US$75.00n/a37
Jan ’26US$78.80
US$103.58
+31.45%
13.13%US$140.00US$75.00n/a37
Dec ’25US$77.56
US$96.45
+24.36%
15.98%US$140.00US$75.00n/a36
Nov ’25US$73.23
US$98.55
+34.58%
15.63%US$140.00US$75.00n/a35
Oct ’25US$72.58
US$106.45
+46.67%
14.22%US$140.00US$75.00n/a36
Sep ’25US$78.73
US$108.64
+38.00%
12.98%US$140.00US$75.00n/a36
Aug ’25US$91.38
US$114.95
+25.79%
10.03%US$140.00US$95.00n/a36
Jul ’25US$94.55
US$114.89
+21.52%
10.07%US$140.00US$95.00US$98.5536
Jun ’25US$88.68
US$114.25
+28.83%
11.15%US$140.00US$81.14US$103.1737
May ’25US$93.34
US$113.42
+21.52%
11.77%US$140.00US$81.14US$111.8638
Apr ’25US$103.49
US$113.42
+9.60%
11.77%US$140.00US$81.14US$104.6938
Mar ’25US$108.49
US$109.50
+0.93%
14.60%US$140.00US$75.00US$90.4938
Feb ’25US$84.90
US$87.26
+2.78%
13.40%US$120.00US$64.00US$94.2239
Jan ’25US$90.53
US$84.29
-6.89%
14.57%US$120.00US$64.00US$78.8038
Dec ’24US$73.63
US$84.04
+14.14%
14.78%US$120.00US$64.00US$77.5638
Nov ’24US$68.73
US$91.45
+33.06%
12.28%US$120.00US$64.00US$73.2339
Oct ’24US$81.51
US$93.94
+15.25%
11.85%US$120.00US$64.00US$72.5841
Sep ’24US$86.16
US$93.32
+8.31%
11.71%US$120.00US$64.00US$78.7341
Aug ’24US$76.19
US$92.05
+20.81%
13.12%US$120.00US$64.00US$91.3841
Jul ’24US$69.35
US$91.93
+32.55%
13.19%US$120.00US$64.00US$94.5541
AnalystConsensusTarget
Consensus Narrative from 42 Analysts
US$122.36
Fair Value
25.2% undervalued intrinsic discount
42
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/11 16:24
End of Day Share Price 2025/07/11 00:00
Earnings2025/04/30
Annual Earnings2025/01/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Okta, Inc. is covered by 63 analysts. 45 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ellie BagshawArete Research Services LLP
Shrenik KothariBaird
Ishan MajumdarBaptista Research