Okta, Inc. (OKTA) Key Metrics
OKTA valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $32.74B
- Enterprise value
- $33.66B
- P/E (TTM)
- 112.8
- Forward P/E
- 54.3
- PEG ratio
- 1.70
- Price / sales
- 10.7 10-yr median 9.5
- Price / book
- 5.1 10-yr median 4.9
- EV / EBITDA
- 81.7
- Dividend yield
- —
- Beta
- 0.73
OKTA key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsOKTA valuation Price multiples at each fiscal year-end price.
OKTA returns How much profit the business earns on the capital it uses.
OKTA per-share figures Results divided by the shares outstanding at year-end.
OKTA financial health Debt, liquidity and how easily interest is covered.
OKTA efficiency & capital use Working capital cycle and where the cash goes.
OKTA valuation history
OKTA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OKTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OKTA cash returned to shareholders
OKTA price vs earnings per share
OKTA key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $15.15B | $16.50B | $13.52B | $11.63B | $29.29B | $32.95B | $15.01B | $8.86B | $2.44B | — |
| Enterprise value | $13.02B | $14.93B | $12.62B | $11.42B | $28.82B | $32.36B | $14.71B | $8.73B | $2.23B | — |
| P/E ratio | 64.5 | 589.2 | — | — | — | — | — | — | — | — |
| Price / sales | 5.2 | 6.3 | 6.0 | 6.3 | 22.5 | 39.5 | 25.6 | 22.2 | 9.5 | — |
| Price / book | 2.2 | 2.6 | 2.3 | 2.1 | 4.9 | 47.5 | 37.0 | 35.1 | 12.3 | — |
| Price / free cash flow | 16.7 | 22.6 | 27.7 | 184.6 | 336.7 | 296.8 | 542.2 | — | — | — |
| Price / operating cash flow | 16.6 | 22.0 | 26.4 | 135.3 | 281.7 | 257.4 | 270.0 | 584.1 | — | — |
| EV / sales | 4.5 | 5.7 | 5.6 | 6.1 | 22.2 | 38.8 | 25.1 | 21.9 | 8.7 | — |
| EV / EBITDA | 36.7 | 100.2 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 14.4 | 20.4 | 25.9 | 181.3 | 331.3 | 291.5 | 531.4 | — | — | — |
| Earnings yield | 1.6% | 0.2% | −2.6% | −7.0% | −2.9% | −0.8% | −1.4% | −1.4% | −4.5% | — |
| Free cash flow yield | 6.0% | 4.4% | 3.6% | 0.5% | 0.3% | 0.3% | 0.2% | −0.1% | −1.5% | — |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | — |
| Shareholder yield (dividends + buybacks) | 0.5% | 0.9% | 0.0% | 0.0% | 0.0% | 0.3% | 2.0% | 0.0% | 0.0% | — |
| Share price at fiscal year-end | $84.48 | $94.22 | $82.65 | $73.61 | $197.89 | $259.01 | $128.05 | $82.43 | $29.45 | — |
| Per share | ||||||||||
| Revenue per share | $16.28 | $14.91 | $13.83 | $11.76 | $8.78 | $6.56 | $5.00 | $3.71 | $3.09 | $1.77 |
| Earnings per share | $1.31 | $0.16 | −$2.17 | −$5.16 | −$5.73 | −$2.09 | −$1.78 | −$1.17 | −$1.32 | −$0.83 |
| Operating cash flow per share | $5.10 | $4.28 | $3.13 | $0.54 | $0.70 | $1.01 | $0.47 | $0.14 | −$0.30 | −$0.46 |
| Free cash flow per share | $5.05 | $4.17 | $2.98 | $0.40 | $0.59 | $0.87 | $0.24 | −$0.07 | −$0.45 | −$0.59 |
| Cash per share | $14.24 | $14.41 | $13.46 | $16.33 | $16.90 | $20.09 | $11.97 | $5.24 | $2.77 | $0.42 |
| Book value per share | $39.04 | $36.58 | $35.98 | $34.59 | $40.00 | $5.46 | $3.46 | $2.35 | $2.40 | −$0.17 |
| Tangible book value per share | $7.93 | $4.68 | $1.83 | −$1.11 | $1.38 | $4.87 | $2.77 | $2.05 | $2.18 | −$0.30 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | — |
| Capex per share | $0.05 | $0.11 | $0.15 | $0.15 | $0.11 | $0.13 | $0.24 | $0.21 | $0.14 | $0.13 |
| Debt per share | $2.35 | $5.44 | $7.93 | $14.98 | $13.71 | $15.48 | $9.42 | $4.00 | $0.22 | $0.00 |
| Shares outstanding | 179.3M | 175.1M | 163.6M | 158.0M | 148.0M | 127.2M | 117.2M | 107.5M | 83.0M | 90.8M |
| Change in shares outstanding | +2.4% | +7.0% | +3.6% | +6.7% | +16.4% | +8.5% | +9.0% | +29.5% | −8.5% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.5% | 0.5% | −6.3% | −14.3% | −25.6% | −48.4% | −63.5% | −55.6% | −119.6% | — |
| Return on invested capital (ROIC) | 2.9% | −0.8% | −8.0% | −12.0% | −21.8% | −151.0% | −130.6% | −178.2% | — | — |
| Return on assets (ROA) | 2.5% | 0.3% | −3.9% | −8.8% | −13.6% | −10.1% | −14.2% | −18.1% | −41.5% | −53.5% |
| Return on tangible assets | 5.7% | 0.7% | −10.4% | −22.2% | −24.3% | −8.3% | −11.1% | −13.2% | −28.8% | −63.2% |
| Free cash flow margin | 31.0% | 28.0% | 21.6% | 3.4% | 6.7% | 13.3% | 4.7% | −1.9% | −14.5% | −33.5% |
| Income quality (OCF / net income) | 3.89 | 26.79 | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $422.0M | $952.0M | $1.30B | $2.37B | $2.03B | $1.97B | $1.10B | $429.6M | $18.2M | $200,000 |
| Cash & short-term investments | $2.55B | $2.52B | $2.20B | $2.58B | $2.50B | $2.56B | $1.40B | $563.8M | $229.7M | $37.7M |
| Net debt | −$2.13B | −$1.57B | −$905.0M | −$213.0M | −$472.0M | −$587.2M | −$298.7M | −$134.2M | −$211.5M | −$37.5M |
| Debt / equity | 0.06 | 0.15 | 0.22 | 0.43 | 0.34 | 2.84 | 2.72 | 1.70 | 0.09 | — |
| Debt / assets | 0.04 | 0.10 | 0.14 | 0.25 | 0.22 | 0.60 | 0.56 | 0.44 | 0.05 | 0.00 |
| Net debt / EBITDA | −6.00 | −10.54 | — | — | — | — | — | — | — | — |
| Current ratio | 1.36 | 1.35 | 1.67 | 2.20 | 2.45 | 1.86 | 2.92 | 1.24 | 1.69 | 0.69 |
| Quick ratio | 1.36 | 1.35 | 1.67 | 2.14 | 2.45 | 1.86 | 2.92 | 1.24 | 1.69 | 0.69 |
| Interest coverage | 38.2 | -12.6 | -64.5 | -73.8 | -8.4 | -2.8 | -6.9 | -7.9 | — | — |
| Working capital | $919.0M | $893.0M | $1.20B | $1.76B | $1.80B | $1.33B | $1.05B | $135.0M | $129.6M | −$41.7M |
| Invested capital | $4.87B | $4.83B | $4.98B | $5.25B | $5.45B | $106.8M | $106.6M | $118.2M | −$12.1M | −$53.1M |
| Tangible asset value | $1.42B | $819.0M | $300.0M | −$175.0M | $204.0M | $619.0M | $324.8M | $220.4M | $193.3M | −$15.6M |
| Net current asset value | $762.0M | $384.0M | −$121.0M | −$612.0M | −$243.0M | $273.8M | $49.7M | −$23.8M | $129.6M | −$41.7M |
| Graham number | $33.93 | $11.47 | — | — | — | — | — | — | — | — |
| Graham net-net per share | $1.99 | −$0.25 | −$2.93 | −$5.41 | −$3.27 | $0.77 | −$0.42 | −$0.91 | $0.98 | −$0.78 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | — |
| Share buybacks (net) | $73.0M | $148.0M | $0 | $0 | $0 | $103.9M | $294.5M | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 8.1% | 20.3% | 0.0% | 0.0% | 0.0% | 93.6% | — | — | — | — |
| Capex / revenue | 0.3% | 0.8% | 1.1% | 1.2% | 1.3% | 2.0% | 4.8% | 5.7% | 4.7% | 7.3% |
| Capex / operating cash flow | 1.0% | 2.7% | 4.7% | 26.7% | 16.3% | 13.3% | 50.2% | 149.4% | — | — |
| Capex / depreciation | 0.09 | 0.20 | 0.29 | 0.20 | 0.16 | 0.46 | 1.57 | 2.83 | 1.71 | 2.57 |
| Stock-based compensation / revenue | 0.0% | 21.6% | 30.2% | 36.4% | 43.5% | 23.4% | 21.6% | 19.1% | 19.4% | 10.7% |
| R&D / revenue | 21.9% | 24.6% | 29.0% | 33.4% | 36.1% | 26.7% | 27.2% | 25.6% | 27.6% | 24.0% |
| SG&A / revenue | 50.2% | 54.1% | 65.7% | 79.4% | 92.5% | 71.6% | 77.3% | 75.9% | 84.5% | 87.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 81.8 | 82.5 | 83.9 | 86.3 | 83.2 | 71.0 | 69.6 | 66.6 | 61.7 | 65.3 |
| Days of inventory on hand | — | — | — | 61.5 | — | — | 0.0 | 0.0 | 0.0 | — |
| Days payables outstanding | 6.9 | 7.4 | 7.5 | 10.7 | 13.1 | 10.4 | 7.2 | 19.3 | 42.8 | 49.8 |
| Cash conversion cycle (days) | 74.9 | 75.1 | 76.3 | 137.1 | 70.1 | 60.6 | 62.4 | 47.3 | 18.9 | 15.5 |
| Receivables turnover | 4.46 | 4.42 | 4.35 | 4.23 | 4.39 | 5.14 | 5.24 | 5.48 | 5.91 | 5.59 |
| Payables turnover | 52.88 | 49.44 | 48.42 | 34.12 | 27.76 | 35.13 | 50.86 | 18.91 | 8.52 | 7.33 |
| Inventory turnover | — | — | — | 5.93 | — | — | 159,382,000.00 | 113,421,000.00 | 80,755,000.00 | — |
| Asset turnover | 0.30 | 0.28 | 0.25 | 0.20 | 0.21 | 0.32 | 0.40 | 0.58 | 0.97 | 1.15 |
| Average receivables | $654.0M | $590.0M | $520.0M | $439.5M | $296.4M | $162.5M | $111.8M | $72.8M | $43.4M | $28.8M |
| Average payables | $12.5M | $12.5M | $12.0M | $16.0M | $14.3M | $6.2M | $3.1M | $6.0M | $9.5M | $7.6M |
| Average inventory | — | — | — | $92.0M | — | — | $1 | $1 | $1 | — |
| Intangibles / total assets | 57.4% | 59.2% | 62.2% | 60.6% | 62.1% | 2.3% | 4.1% | 3.2% | 4.5% | 9.0% |
Computed from OKTA's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
OKTA valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Okta traded at 64.5 times earnings. Based on the latest twelve months, the trailing P/E is 112.8 and the forward P/E is 54.3. Okta earned a return on equity of 3.5% and a return on invested capital of 2.9% in fiscal 2026. It ended the year with $422.0 million of debt and $2.6 billion in cash and short-term investments, a net cash position of $2.1 billion. It returned $73.0 million to shareholders: $0 in dividends and $73.0 million in share buybacks, 8% of free cash flow. The share count rose 97.5% from 90.8M to 179.3M over 9 years.
See the OKTA income statement, the OKTA chart for price history, or the OKTA stock overview for the latest quote and news.
OKTA key metrics FAQ
What is Okta's P/E ratio?
Okta's trailing P/E ratio is 112.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 54.3. At the end of fiscal 2026 it was 64.5.
What is Okta's EV/EBITDA?
Okta's enterprise value was 36.7 times EBITDA at the end of fiscal 2026 (enterprise value $13.0 billion, EBITDA $355.0 million); the current EV/EBITDA is 81.7.
What is Okta's return on equity?
Okta's return on equity (ROE) was 3.5% in fiscal 2026: net income of $235.0 million on average shareholders' equity of $6.7 billion.
What is Okta's ROIC?
Okta's return on invested capital was 2.9% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Okta have?
Okta had total debt of $422.0 million at the end of fiscal 2026, a debt-to-equity ratio of 0.06 and more cash than debt.
Does Okta buy back its shares?
Yes. Okta spent $73.0 million on net share repurchases in fiscal 2026 Shares outstanding changed +2.4% over the year, to 179.3M..
What is Okta's free cash flow yield?
Okta generated $905.0 million of free cash flow in fiscal 2026, a free cash flow yield of 6.0% on its market value at year-end ($15.1 billion).
What is Okta's current ratio?
Okta's current ratio was 1.36 at the end of fiscal 2026: current assets were 1.36 times current liabilities.