Okta, Inc. (OKTA) P/E Ratio History
Historical price-to-earnings valuation from 2025 to 2026
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OKTA Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Okta, Inc. (OKTA) trades at a price-to-earnings ratio of 59.1x, with a stock price of $77.47 and trailing twelve-month earnings per share of $1.30.
The current P/E is 73% below its 5-year average of 222.4x. Over the past five years, OKTA's P/E has ranged from a low of 64.5x to a high of 704.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, OKTA trades at a 115% premium to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
Relative to the broader market, OKTA commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our OKTA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
OKTA P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $1B | 19.7Lowest | 1.02Best | +271%Best | |
| $129B | 114.7 | - | -56% | |
| $67B | 37.0 | 1.12 | +8% | |
| $3.1T | 30.3 | 1.61 | +16% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
OKTA Historical P/E Data (2025–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Sat Jan 31 2026 00:00:00 GM | $84.48 | $1.31 | 64.5x | -71% |
| FY2026 Q3 | Fri Oct 31 2025 00:00:00 GM | $91.53 | $1.09 | 84.0x | -62% |
| FY2026 Q2 | $97.80 | $0.94 | 103.6x | -53% | |
| FY2026 Q1 | Wed Apr 30 2025 00:00:00 GM | $112.16 | $0.72 | 155.0x | -30% |
| FY2025 Q4 | Fri Jan 31 2025 00:00:00 GM | $94.22 | $0.13 | 704.7x | +217% |
Average P/E for displayed period: 222.4x
Full OKTA Stock Analysis
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Start ComparisonOKTA — Frequently Asked Questions
Quick answers to the most common questions about buying OKTA stock.
Is OKTA stock overvalued or undervalued?
OKTA trades at 59.1x P/E, below its 5-year average of 222.4x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does OKTA's valuation compare to peers?
Okta, Inc. P/E of 59.1x compares to sector median of 27.5x. The premium reflects expected growth above peers.
What is OKTA's PEG ratio?
OKTA PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2025-2026.