Okta, Inc.

BIT:1OKTA Stock Report

Market Cap: €13.3b

Okta Valuation

Is 1OKTA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 1OKTA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1OKTA (€75.27) is trading below our estimate of fair value (€104.75)

Significantly Below Fair Value: 1OKTA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1OKTA?

Key metric: As 1OKTA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1OKTA. This is calculated by dividing 1OKTA's market cap by their current earnings.
What is 1OKTA's PE Ratio?
PE Ratio80.3x
EarningsUS$195.00m
Market CapUS$15.67b

Price to Earnings Ratio vs Peers

How does 1OKTA's PE Ratio compare to its peers?

The above table shows the PE ratio for 1OKTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.8x
WIIT Wiit
56.6x35.18%€506.4m
DHH Dominion Hosting Holding
31.3x20.45%€119.8m
REY Reply
16.3x5.74%€4.3b
CYB Cyberoo
15.1x20.56%€57.8m
1OKTA Okta
80.3x18.96%€15.7b

Price-To-Earnings vs Peers: 1OKTA is expensive based on its Price-To-Earnings Ratio (80.3x) compared to the peer average (29.8x).

Price to Earnings Ratio vs Industry

How does 1OKTA's PE Ratio compare vs other companies in the European IT Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1OKTA 80.3xIndustry Avg. 19.2xNo. of Companies27PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1OKTA is expensive based on its Price-To-Earnings Ratio (80.3x) compared to the European IT industry average (19.2x).

Price to Earnings Ratio vs Fair Ratio

What is 1OKTA'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.

1OKTA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio80.3x
Fair PE Ratio33.8x

Price-To-Earnings vs Fair Ratio: 1OKTA is expensive based on its Price-To-Earnings Ratio (80.3x) compared to the estimated Fair Price-To-Earnings Ratio (33.8x).

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 1OKTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€75.27
€95.82
+27.30%
16.10%€123.37€63.81n/a40
Dec ’26€70.80
€101.79
+43.78%
13.57%€124.90€64.61n/a40
Nov ’26€78.20
€104.12
+33.14%
11.95%€122.35€64.62n/a38
Oct ’26€78.70
€102.64
+30.42%
11.82%€121.08€63.95n/a40
Sep ’26€78.10
€103.17
+32.10%
12.65%€122.09€64.49n/a41
Aug ’26€83.56
€106.54
+27.50%
12.88%€129.62€65.69n/a41
Jul ’26€82.91
€105.34
+27.05%
11.93%€126.42€64.07n/a41
Jun ’26€91.34
€108.62
+18.92%
11.93%€130.36€66.06n/a41
May ’26€98.32
€103.11
+4.87%
10.72%€123.03€65.91n/a40
Apr ’26n/a
€108.41
0%
11.31%€129.40€69.32n/a39
Mar ’26n/a
€102.21
0%
12.71%€134.99€72.32n/a37
Feb ’26n/a
€100.09
0%
12.53%€134.46€72.03n/a37
Jan ’26n/a
€99.90
0%
13.13%€135.03€72.34n/a37
Dec ’25n/a
€91.15
0%
15.98%€132.30€70.88€70.8036
Nov ’25n/a
€91.14
0%
15.63%€129.47€69.36€78.2035
Oct ’25n/a
€95.25
0%
14.22%€125.27€67.11€78.7036
Sep ’25n/a
€98.09
0%
12.98%€126.41€67.72€78.1036
Aug ’25n/a
€106.20
0%
10.03%€129.35€87.77€83.5636
Jul ’25n/a
€107.00
0%
10.07%€130.38€88.47€82.9136
Jun ’25n/a
€105.32
0%
11.15%€129.05€74.79€91.3437
May ’25n/a
€105.73
0%
11.77%€130.51€75.64€98.3238
Apr ’25n/a
€104.47
0%
11.77%€128.95€74.74n/a38
Mar ’25n/a
€101.05
0%
14.60%€129.19€69.21n/a38
Feb ’25n/a
€80.28
0%
13.40%€110.40€58.88n/a39
Jan ’25n/a
€76.16
0%
14.57%€108.42€57.82n/a38
Dec ’24n/a
€77.22
0%
14.78%€110.26€58.80n/a38
€95.9
Fair Value
21.5% undervalued intrinsic discount
40
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/25 09:45
End of Day Share Price 2025/12/23 00:00
Earnings2025/10/31
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 65 analysts. 43 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
Saket KaliaBarclays