Okta, Inc.

DB:0OK Stock Report

Market Cap: €12.5b

Okta Valuation

Is 0OK 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0OK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0OK (€73.15) is trading below our estimate of fair value (€139.6)

Significantly Below Fair Value: 0OK is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0OK?

Key metric: As 0OK is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0OK. This is calculated by dividing 0OK's market cap by their current revenue.
What is 0OK's PS Ratio?
PS Ratio5.3x
SalesUS$2.45b
Market CapUS$13.01b

Price to Sales Ratio vs Peers

How does 0OK's PS Ratio compare to its peers?

The above table shows the PS ratio for 0OK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.9x
IOS IONOS Group
2.1x8.3%€3.2b
NEM Nemetschek
12.5x14.1%€11.5b
BC8 Bechtle
0.6x6.8%€4.0b
QBY q.beyond
0.5x4.8%€91.2m
0OK Okta
5.3x10.5%€13.0b

Price-To-Sales vs Peers: 0OK is expensive based on its Price-To-Sales Ratio (5.3x) compared to the peer average (3.9x).

Price to Sales Ratio vs Industry

How does 0OK's PS Ratio compare vs other companies in the DE IT Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
ASKN asknet Solutions
0.01x20.1%US$984.32k
No more companies available in this PS range
0OK 5.3xIndustry Avg. 0.7xNo. of Companies6PS00.61.21.82.43+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0OK is expensive based on its Price-To-Sales Ratio (5.3x) compared to the German IT industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is 0OK's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0OK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.3x
Fair PS Ratio8.4x

Price-To-Sales vs Fair Ratio: 0OK is good value based on its Price-To-Sales Ratio (5.3x) compared to the estimated Fair Price-To-Sales Ratio (8.4x).

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 0OK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€73.15
€91.56
+25.2%
15.8%€132.13€70.79n/a36
Nov ’25€66.90
€91.14
+36.2%
15.6%€129.47€69.36n/a35
Oct ’25€66.52
€95.25
+43.2%
14.2%€125.27€67.11n/a36
Sep ’25€71.11
€98.09
+37.9%
13.0%€126.41€67.72n/a36
Aug ’25€83.89
€106.20
+26.6%
10.0%€129.35€87.77n/a36
Jul ’25€86.39
€107.36
+24.3%
10.1%€130.82€88.77n/a36
Jun ’25€82.32
€105.32
+27.9%
11.2%€129.05€74.79n/a37
May ’25€86.77
€104.47
+20.4%
11.8%€128.95€74.74n/a38
Apr ’25€96.47
€104.47
+8.3%
11.8%€128.95€74.74n/a38
Mar ’25€99.65
€101.05
+1.4%
14.6%€129.19€69.21n/a38
Feb ’25€77.68
€80.76
+4.0%
13.4%€111.06€59.23n/a39
Jan ’25€83.19
€76.16
-8.5%
14.6%€108.42€57.82n/a38
Dec ’24€64.52
€77.22
+19.7%
14.8%€110.26€58.80n/a38
Nov ’24€64.54
€86.14
+33.5%
12.3%€113.03€60.28€66.9039
Oct ’24€76.37
€87.55
+14.6%
11.8%€111.84€59.65€66.5241
Sep ’24€79.21
€86.01
+8.6%
11.7%€110.60€58.99€71.1141
Aug ’24€68.78
€83.71
+21.7%
13.1%€109.13€58.20€83.8941
Jul ’24€63.02
€85.57
+35.8%
13.2%€111.70€59.57€86.3941
Jun ’24€69.12
€85.28
+23.4%
13.6%€111.53€59.48€82.3241
May ’24€61.30
€84.14
+37.3%
13.4%€109.54€58.42€86.7740
Apr ’24€78.48
€84.43
+7.6%
13.4%€110.03€58.68€96.4738
Mar ’24€66.84
€76.50
+14.5%
18.4%€117.24€42.21€99.6537
Feb ’24€68.95
€73.94
+7.2%
19.0%€115.04€41.41€77.6835
Jan ’24€62.24
€74.64
+19.9%
23.0%€122.64€42.45€83.1932
Dec ’23€62.15
€76.65
+23.3%
25.3%€123.50€42.75€64.5230
Nov ’23€56.48
€94.41
+67.2%
23.4%€146.80€45.56€64.5429

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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