Stock · OKTA · Technology
United States · Large Cap · listed since 2017 · Revenue 12 mo. $3.1B
Price as of 11/06/2026
Okta, Inc. operates as an identity partner in the United States and internationally.
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.
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Summary
52.4 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €774.5M (2026), it supports €8.6B. The remaining €20.4B of the market value assume it grows 17.0% a year for 10 years and not at all afterwards.
Required FCF growth per year
17.0%
no growth afterwards
Price to operating cash flow 30.6×, within its usual range.
Middle half of 20 quarters: 22.9× to 164.2×, median 34.9×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
4 more unchanged: Revenue, 12 mo., Gross margin, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 3.36% | 14.60% | Rank 19 |
| Return on capital (Greenblatt) | 14.97% | 29.77% | Rank 28 |
| EBIT margin | 5.24% | 17.40% | Rank 18 |
| FCF margin | 29.56% | 18.54% | Rank 81 |
| Gross margin | 77.36% | 48.47% | Rank 87 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 11.84% | 12.70% | Rank 47 |
| Earnings growth, 3 years per yeardoes not count towards the rank | – | 9.54% | |
| Earnings growth, 5 years per yeardoes not count towards the rank | – | 14.07% | |
| Sustainable growth (ROE × retained earnings) | 0.72% | 2.87% | Rank 15 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 0.78% | 2.64% | Rank 20 |
| FCF yield | 2.67% | 3.06% | Rank 46 |
| EV/saleslower is better | 10.36 | 5.18 | Rank 25 |
| EV/EBITlower is better | 197.68 | 26.24 | Rank 6 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 86.84% | −0.59% | Rank 96 |
| Share price, 6 months | 101.54% | −4.46% | Rank 100 |
| Share price, 3 months | 18.87% | −5.84% | Rank 90 |
| Distance from 52-week high | −27.33% | −33.23% | Rank 60 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −9.61% | 1.65% | Rank 93 |
| Change in share countlower is better | 2.40% | −0.17% | Rank 15 |
| Dividend streak in years | – | 8 | Rank 18 |
| Price reaction to results, market-adjusted | 28.17% | −1.57% | Rank 99 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 72.08% | 53.98% | Rank 84 |
| Net debt/EBITDAlower is better | −6.00 | −0.20 | Rank 95 |
| Debt to equitylower is better | 0.06 | 0.33 | Rank 78 |
| Volatility, 1 yearlower is better | 69.13% | 50.37% | Rank 23 |
Ten years in figures
| Year | Revenue | EBIT margin | FCF, $M | Shares | Net debt |
|---|---|---|---|---|---|
| 2017 | $160.8M | −46.4% | −53.8 | 90.8M | −$23.3M |
| 2018 | $256.5M | −43.6% | −37.2 | 83.0M | −$127.9M |
| 2019 | $399.3M | −30.0% | −7.5 | 108M | $131.2M |
| 2020 | $586.1M | −31.7% | 27.7 | 117M | $584.2M |
| 2021 | $835.0M | −24.4% | 111.0 | 127M | $1.5B |
| 2022 | $1.3B | −59.1% | 87.0 | 148M | $1.8B |
| 2023 | $1.9B | −43.7% | 63.0 | 158M | $2.1B |
| 2024 | $2.3B | −22.8% | 488.0 | 164M | $963.0M |
| 2025 | $2.6B | −2.4% | 730.0 | 175M | $543.0M |
| 2026 | $2.9B | 5.2% | 863.0 | 179M | −$436.0M |
2 of 7 StockScorer Score rules met · How the score is built
Okta Inc mainly meets criteria in the Momentum category. Result from 18 strategies checked.
Okta Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
2 of 7 rules met
3 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Okta Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 128.7 | 35.1 |
| P/B ratio | 4.3 | 5.5 |
| Return on equity (ROE) | 3.4% | 14.6% |
| Equity ratio | 72.1% | 54.0% |
| Debt-to-equity (D/E) | 0.06 | 0.33 |
| Dividend yield | 0.0% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| OKTA | Okta Incthis page | |
| TWLO | Twilio Inc | Low4.5 |
| ZS | Zscaler Inc | locked |
| CPAY | Corpay Inc | High7.3 |
| NTAP | NetApp Inc | locked |
| CRWV | CoreWeave, Inc. Class A Common Stock | locked |
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