Okta, Inc. (OKTA) P/E Ratio History
UndervaluedTrading at 113.3x vs 5Y avg 194.2x · 67th percentile · Below historical baseline · Data 2025–2027
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P/E Ratio Analysis
As of July 8, 2026, Okta, Inc. (OKTA) trades at a price-to-earnings ratio of 113.3x, with a stock price of $148.47 and trailing twelve-month earnings per share of $1.39.
The current P/E is 42% below its 5-year average of 194.2x. Over the past five years, OKTA's P/E has ranged from a low of 53.4x to a high of 704.7x, placing the current valuation at the 67th percentile of its historical range.
Compared to the Technology sector median P/E of 29.6x, OKTA trades at a 283% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 197.0x.
Relative to the broader market, OKTA commands a significant premium over the S&P 500 median P/E of 25.9x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
OKTA P/E vs Peers
Cybersecurity and identity management peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $1B | 19.7Lowest | 1.02Best | +271%Best | |
| $230B | 210.7 | - | -56% | |
| $117B | 65.3 | 1.97 | +8% | |
| $2.9T | 28.5 | 1.51 | +16% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
OKTA Historical P/E Data (2025–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q1 | - | $73.65 | $1.38 | 53.4x | -73% |
| FY2026 Q4 | Jan 31 2026 | $84.48 | $1.31 | 64.5x | -67% |
| FY2026 Q3 | Oct 31 2025 | $91.53 | $1.09 | 84.0x | -57% |
| FY2026 Q2 | - | $97.80 | $0.94 | 103.6x | -47% |
| FY2026 Q1 | Apr 30 2025 | $112.16 | $0.72 | 155.0x | -20% |
| FY2025 Q4 | Jan 31 2025 | $94.22 | $0.13 | 704.7x | +263% |
Average P/E for displayed period: 194.2x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
1+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
OKTA — Frequently Asked Questions
Quick answers to the most common questions about buying OKTA stock.
What is OKTA's P/E ratio?
Okta, Inc. (OKTA) trailing twelve-month P/E ratio is 113.3x, based on TTM diluted EPS of $1.39. The 5-year average P/E is 194.2x and the historical range spans 53.4x to 704.7x.
Is OKTA stock overvalued or undervalued?
OKTA trades at 113.3x P/E, below its 5-year average of 194.2x. At the 67th percentile of its historical range (53.4x–704.7x), the stock is priced at a discount to its own history.
Is OKTA stock expensive?
No, OKTA is not expensive on a historical basis. The current P/E of 113.3x is below the 5-year average of 194.2x and sits at the 67th percentile of its valuation range.
What is OKTA's historical P/E range?
Over the past 5 years, OKTA's P/E ratio has ranged from 53.4x to 704.7x, with a median of 103.6x and an average of 194.2x. The current P/E of 113.3x places the stock at the 67th percentile of this range. Full historical data spans 2025–2027.
How does OKTA's P/E compare to the S&P 500?
OKTA trades at 113.3x P/E versus the S&P 500 median of 25.9x. The 337% premium to the market typically reflects higher expected earnings growth or quality.
How does OKTA's valuation compare to Technology peers?
Okta, Inc. P/E of 113.3x compares to the Technology sector median of 29.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is OKTA's PEG ratio?
OKTA PEG ratio is N/A, based on a P/E of 113.3x and EPS growth of 2083.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is OKTA's earnings yield?
OKTA earnings yield is 0.88%, the inverse of its 113.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.