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OKTA

OKTA

Technology · Software - Infrastructure

$116.46-1.41%
Mkt Cap: $20.24B

Performance

OKTA (OKTA) Stock Analysis 2026

Rule-based · Updated daily · Not financial advice

OKTA (OKTA) operates in the Software - Infrastructure space within the Technology sector. With a market cap of $20.2B, it qualifies as a mid-cap company. Growth is moderate and the business remains profitable, offering a balanced risk/reward profile compared to high-multiple peers.

Bull Case3
  • Forward P/E (27.2×) is lower than trailing P/E (84.4×) — analysts expect earnings to improve
  • Revenue growth of 11% YoY shows solid business momentum
  • Earnings grew 21% YoY — bottom-line is expanding fast
Bear Case3
  • High P/E of 84.4× implies high expectations already priced in — leaves little room for disappointment
  • High debt-to-equity of 5.96× increases financial risk, especially with elevated interest rates
  • No dividend history — total return depends entirely on price appreciation

Verdict

Hold

Mixed signals — strengths and risks roughly balance. Wait for a clearer catalyst.

AI Insight

Powered by Claude

AI-generated analysis for informational purposes only. Not financial advice.

Related Articles

Revenue & Results

Dividends

This stock does not pay dividends.

If You Had Invested…

Hypothetical return based on historical prices

$

* Dividend reinvestment calculated at ex-date price. For informational purposes only.

Earnings

Next Earnings

Aug 25, 2026

70

days

EPS (TTM)

$1.38

P/E (TTM)

84.4

Fwd P/E

27.2

Earnings History

SEC EDGAR · official filings

SEC filings

SEC Filings

Official EDGAR documents

All filings

Key Statistics

Valuation

Market Cap$20.24B
P/E Ratio84.39
Forward P/E27.21
P/B Ratio
PEG Ratio1.10
EPS (TTM)$1.38

Trading

Open
Day High
Day Low
52W High$142.35
52W Low$62.66
Volume
Avg Volume (3M)4,027,895
Beta0.79

Dividends

Dividend Yield
Annual Rate
Ex-Div Date
Payout Ratio0.00%

Profitability

Profit Margin8.24%
Operating Margin7.32%
ROE3.67%
ROA1.14%
Revenue Growth11.20%
Earnings Growth21.20%

Balance Sheet

Total Revenue$3.00B
Total Debt$411.00M
Debt / Equity5.96
Current Ratio1.43
Free Cash Flow$977.75M

Fair Value Estimates

Current price: $116.46

Graham Number

√(22.5 × EPS × Book Value)

$34.95

-70.0% downside

Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.

Bazin Ceiling Price

Avg. Annual DPS (5Y) ÷ 6%

N/A

Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.

These are simplified estimates. Not financial advice.

Buy & Hold Checklist

Quality criteria for long-term holding

5/10

63% score

Pays dividends

No dividend history found

Dividend consistency (5Y+)

Uninterrupted dividend payments for at least 5 years

ROE above 10%

3.7%

Return on equity — measures how efficiently capital is used

Positive profit margin

8.2%

Net profit margin must be positive — company earns more than it spends

Revenue growth (annual)

+11.2%

Annual revenue must be growing compared to the prior year

Earnings growth (annual)

+21.2%

Annual earnings must be growing compared to the prior year

Debt/Equity below 2×

5.96×

Low financial leverage reduces risk of distress

Current ratio above 1

1.43×

Short-term assets must cover short-term liabilities

Daily liquidity above $5M

$469M/day

High trading volume ensures easy entry and exit

Dividend yield above 0%

Stock must distribute income to shareholders

Related Assets

Technology

About OKTA

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Sector

Technology

Industry

Software - Infrastructure

Location

San Francisco, United States

Employees

6,366