Okta, Inc. (OKTA) P/E Ratio History
Historical price-to-earnings valuation from 2025 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, Okta, Inc. (OKTA) trades at a price-to-earnings ratio of 1208.3x, with a stock price of $72.50 and trailing twelve-month earnings per share of $1.09.
The current P/E is 362% above its 5-year average of 261.8x. Over the past five years, OKTA's P/E has ranged from a low of 84.0x to a high of 704.7x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, OKTA trades at a 4689% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
Relative to the broader market, OKTA commands a significant premium over the S&P 500 median P/E of 26.2x. 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.
Peer Comparison
P/E metrics vs. Cybersecurity and identity management peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
PANWPalo Alto Networks, Inc. | $105B | 93.1 | - | -56% |
FTNTFortinet, Inc. | $59B | 32.5 | 0.98 | +8% |
CHKPCheck Point Software Technologies Ltd. | $16B | 20.4 | 3.11 | +5% |
GENGen Digital Inc. | $14B | 21.9 | 8.01 | +8% |
QLYSQualys, Inc. | $3B | 19.9 | 0.88Best | +15% |
OKTAOkta, Inc. | $563M | 1208.3 | - | +103% |
OSPNOneSpan Inc. | $412M | 5.8Lowest | - | +30% |
RPDRapid7, Inc. | $395M | 15.6 | - | +116% |
ALLTAllot Ltd. | $251M | 79.1 | - | +153% |
ALARAlarum Technologies Ltd. | $47M | 7.7 | - | +161%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Fri Oct 31 2025 00:00:00 GM | $91.53 | $1.09 | 84.0x | -68% |
| FY2026 Q2 | $97.80 | $0.94 | 103.6x | -60% | |
| FY2026 Q1 | Wed Apr 30 2025 00:00:00 GM | $112.16 | $0.72 | 155.0x | -41% |
| FY2025 Q4 | Fri Jan 31 2025 00:00:00 GM | $94.22 | $0.13 | 704.7x | +169% |
Average P/E for displayed period: 261.8x
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Start ComparisonFrequently Asked Questions
Is OKTA stock overvalued or undervalued?
OKTA trades at 1208.3x P/E, above its 5-year average of 261.8x. The 100th percentile ranking indicates a premium to historical valuation.
How does OKTA's valuation compare to peers?
Okta, Inc. P/E of 1208.3x compares to sector median of 25.2x. 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.