Okta, Inc. (OKTA) Financial Ratios
12 years of historical data (2015–2026) · Technology · Software - Infrastructure
EV/EBITDA
↓
76.85
↓-72% vs avg
5yr avg: 272.96
30Y Low59.1·High59.1
P/FCF
↓
21.63
↓-82% vs avg
5yr avg: 117.68
30Y Low16.7·High184.6
P/B Ratio
↓
3.02
+7% vs avg
5yr avg: 2.82
30Y Low2.1·High47.5
ROE
↑
3.5%
↓+142% vs avg
5yr avg: -8.4%
30Y Low-480%·High4%
Debt/EBITDA
↓
1.69
↓-88% vs avg
5yr avg: 14.45
30Y Low1.7·High27.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OKTA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Okta, Inc. trades at 89.9x earnings, 89% below its 5-year average of 817.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 210%. On a free-cash-flow basis, the stock trades at 21.6x P/FCF, 82% below the 5-year average of 117.7x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.6B | $15.1B | $16.5B | $13.5B | $11.6B | $29.3B | $32.9B | $15.0B | $8.9B | $2.4B | — |
| Enterprise Value | $19.1B | $14.7B | $17.0B | $14.5B | $13.7B | $31.1B | $34.5B | $15.6B | $9.0B | $2.3B | — |
| P/E Ratio → | 89.93 | 64.49 | 1570.33 | — | — | — | — | — | — | — | — |
| P/S Ratio | 6.70 | 5.19 | 6.32 | 5.98 | 6.26 | 22.53 | 39.46 | 25.61 | 22.20 | 9.53 | — |
| P/B Ratio | 3.02 | 2.16 | 2.58 | 2.30 | 2.13 | 4.95 | 47.47 | 37.03 | 35.11 | 12.26 | — |
| P/FCF | 21.63 | 16.74 | 22.60 | 27.71 | 184.64 | 336.72 | 296.84 | 542.20 | — | — | — |
| P/OCF | 21.41 | 16.57 | 22.00 | 26.41 | 135.26 | 281.68 | 257.42 | 269.95 | 584.07 | — | — |
P/E links to full P/E history page with 30-year chart
OKTA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Okta, Inc.'s enterprise value stands at 76.8x EBITDA, 72% below its 5-year average of 273.0x. The Technology sector median is 16.7x, placing the stock at a 359% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.04 | 6.53 | 6.40 | 7.39 | 23.90 | 41.30 | 26.61 | 22.52 | 9.03 | — |
| EV / EBITDA | 76.85 | 59.08 | 486.85 | — | — | — | — | — | — | — | — |
| EV / EBIT | 125.06 | 96.15 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 16.25 | 23.34 | 29.69 | 218.02 | 357.07 | 310.66 | 563.30 | — | — | — |
OKTA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Okta, Inc. earns an operating margin of 5.2%. Operating margins have expanded from -22.8% to 5.2% over the past 3 years, signaling improving operational efficiency. ROE of 3.5% is modest. ROIC of 1.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.4% | 77.4% | 76.3% | 74.3% | 70.6% | 69.5% | 73.9% | 72.8% | 71.6% | 68.5% | 65.2% |
| Operating Margin | 5.2% | 5.2% | -2.4% | -22.8% | -43.7% | -59.1% | -24.4% | -31.7% | -30.0% | -43.6% | -46.4% |
| Net Profit Margin | 8.1% | 8.1% | 1.1% | -15.7% | -43.9% | -65.2% | -31.9% | -35.6% | -31.4% | -42.8% | -46.7% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 0.5% | -6.3% | -14.3% | -25.6% | -48.4% | -63.5% | -55.6% | -119.6% | -480.5% |
| ROA | 2.5% | 2.5% | 0.3% | -3.9% | -8.8% | -13.6% | -10.1% | -14.2% | -18.1% | -41.5% | -53.5% |
| ROIC | 1.7% | 1.7% | -0.7% | -5.4% | -8.0% | -11.6% | -9.5% | -20.3% | -39.4% | -516.9% | — |
| ROCE | 2.2% | 2.2% | -0.9% | -6.9% | -10.3% | -15.8% | -12.9% | -20.4% | -38.4% | -107.8% | -254.1% |
OKTA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Okta, Inc. carries a Debt/EBITDA ratio of 1.7x, which is manageable (42% below the sector average of 2.9x). The company holds a net cash position — cash of $858M exceeds total debt of $422M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 38.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.15 | 0.22 | 0.43 | 0.34 | 2.84 | 2.72 | 1.70 | — | — |
| Debt / EBITDA | 1.69 | 1.69 | 27.20 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.06 | 0.08 | 0.16 | 0.38 | 0.30 | 2.21 | 1.44 | 0.52 | -0.64 | — |
| Net Debt / EBITDA | -1.75 | -1.75 | 15.51 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.48 | 0.74 | 1.97 | 33.38 | 20.34 | 13.82 | 21.10 | — | — | — |
| Interest Coverage | 38.25 | 38.25 | -12.60 | -41.13 | -71.82 | -8.34 | -2.66 | -6.79 | -7.33 | — | — |
Net cash position: cash ($858M) exceeds total debt ($422M)
OKTA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.36x means Okta, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.67x to 1.36x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.36 | 1.36 | 1.35 | 1.67 | 2.20 | 2.45 | 1.86 | 2.92 | 1.24 | 1.69 | 0.69 |
| Quick Ratio | 1.36 | 1.36 | 1.35 | 1.67 | 2.20 | 2.45 | 1.86 | 2.92 | 1.24 | 1.69 | 0.69 |
| Cash Ratio | 1.00 | 1.00 | 1.00 | 1.24 | 1.76 | 2.01 | 1.65 | 2.57 | 0.98 | 1.22 | 0.28 |
| Asset Turnover | — | 0.30 | 0.28 | 0.25 | 0.20 | 0.14 | 0.25 | 0.30 | 0.41 | 0.64 | 1.23 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 85.90 | 86.84 | 90.16 | 94.49 | 111.75 | 85.16 | 81.04 | 85.41 | 74.34 | 78.41 |
OKTA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Okta, Inc. returns 0.4% to shareholders annually primarily through share buybacks. The earnings yield of 1.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.6% | 0.1% | — | — | — | — | — | — | — | — |
| FCF Yield | 4.6% | 6.0% | 4.4% | 3.6% | 0.5% | 0.3% | 0.3% | 0.2% | — | — | — |
| Buyback Yield | 0.4% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.4% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $179M | $175M | $164M | $158M | $148M | $127M | $117M | $108M | $83M | $91M |
Peer Comparison
Compare OKTA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OKTAYou | $20B | 89.9 | 76.8 | 21.6 | 77.4% | 5.2% | 3.5% | 1.7% | 1.7 |
 SAIL | $8B | -25.6 | — | 146.1 | 64.5% | -28.7% | -42.9% | -25.0% | — |
 CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
 VRNT | $1B | 19.7 | 9.5 | 8.7 | 71.3% | 11.7% | 6.3% | 5.3% | 2.9 |
 ZS | $20B | -462.4 | — | 27.8 | 76.9% | -4.8% | -2.7% | -8.4% | — |
 CRWD | $174B | -1053.6 | — | 133.1 | 74.7% | -6.1% | -4.2% | -351.6% | — |
 S | $5B | -11.0 | — | 66.6 | 73.2% | -30.9% | -29.0% | -16.6% | — |
 PANW | $196B | 179.9 | 122.4 | 56.5 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 FTNT | $107B | 59.6 | 47.3 | 48.1 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 TENB | $3B | -89.6 | 77.7 | 12.1 | 78.1% | 0.1% | -9.9% | 0.2% | 10.8 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 12 years · Updated daily
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OKTA — Frequently Asked Questions
Quick answers to the most common questions about buying OKTA stock.
What is Okta, Inc.'s P/E ratio?
Okta, Inc.'s current P/E ratio is 89.9x. The historical average is 64.5x. This places it at the 100th percentile of its historical range.
What is Okta, Inc.'s EV/EBITDA?
Okta, Inc.'s current EV/EBITDA is 76.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 59.1x.
What is Okta, Inc.'s ROE?
Okta, Inc.'s return on equity (ROE) is 3.5%. The historical average is -95.8%.
Is OKTA stock overvalued?
Based on historical data, Okta, Inc. is trading at a P/E of 89.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Okta, Inc.'s profit margins?
Okta, Inc. has 77.4% gross margin and 5.2% operating margin.
How much debt does Okta, Inc. have?
Okta, Inc.'s Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.