EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Okta, Inc (0KB7) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Okta, Inc $194, price $214, upside -9.1%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

GB · ISIN US6792951054

OI Broad data Sep 24, 2026

Okta, Inc

0KB7 · LSE

Overvalued / MonitorQuality growthQuality is not strong enough to offset the price risk.

!Fair value $194.14 · Overvalued (−9.1%)
✓Quality 67/100
✓Healthy Growth (revenue 5y +28.4 %/yr)
!Thin margins · 8.2% net margin (TTM)
✓generates free cash flow
!Narrow moat 35/100

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$213.58 $63.12 Fair Value $194.14 Dec 2025 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.

How to read this chart

10‑month range $63.12 – $213.58 · fair‑value band $135.90 – $252.38 · the $213.58 price screens above the $194.14 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 24, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Okta, Inc. operates as an identity partner in the United States and internationally.

Show more

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Stock analysis

Okta, Inc (0KB7) currently trades at $213.58, while our model-based Fair Value estimate is $194.14, so the stock looks roughly fairly valued today (gap 10.0%).

Show more

Valuation

Bull case: the DCF Models group reads highest at a median of $120.76 per share, and 1 of the 24 models we run sit above the $213.58 price.

Bear case: the Economic Profit group reads lowest at $20.68, and 23 of the 24 models stay below the price. Evidence for this calculation is high.

Scenario range: $135.90 (bear) to $252.38 (bull), the price of $213.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 67/100 (solid quality).

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Okta, Inc reported revenue of $2.9B in FY2026 versus $1.3B in FY2022, a compound +22.4%/yr. Reported net income was $235M in FY2026.

Key figures

Market cap $38.3B · EPS (TTM) $−6.37 · Net margin 8.1% · Return on equity 3.7% · Return on assets (EBIT) −4.4% · Operating margin 7.3% · Revenue (TTM) $3.0B · Revenue growth (YoY) +11.2%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

Fair Value models

Bear $135.90 Fair Value $194.14 Bull $252.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF $140.20 $211.62 $434.29 72
5Y EBITDA Exit $62.11 $85.59 $130.95 70
EPV $18.93 $20.68 $22.19 70
All 24 models by family
DCF Models
FCF DCF $140.20 $211.62 $434.29 72
Owner Earnings $52.12 $105.96 $214.82 66
5Y Revenue Exit $55.78 $72.79 $106.92 68
5Y EBITDA Exit $62.11 $85.59 $130.95 70
5Y P/E Exit $69.53 $120.76 $186.33 65
10Y Revenue Exit $81.41 $127.71 $144.27 64
10Y EBITDA Exit $86.48 $141.02 $222.81 62
10Y P/E Exit $91.77 $156.64 $253.49 58
Earnings-Based
Graham-Dodd $14.64 $102.07 $143.24 61
Lynch FV $52.73 $75.33 $97.93 59
PEG = 1.0 $52.73 $75.33 $97.93 55
EPV $18.93 $20.68 $22.19 70
Multiples
P/E Multiple $32.29 $43.05 $53.81 63
P/S Multiple $27.44 $36.59 $45.74 58
P/B Multiple $27.44 $36.59 $45.74 55
EV/EBIT $26.78 $33.08 $39.39 63
EV/EBITDA $30.09 $37.51 $44.92 64
EV/Revenue $20.61 $26.08 $31.54 52
Asset-Based
NCAV (Graham) $32.05 $42.95 $64.10 51
Growth DCF
Growth DCF $132.14 $244.42 $425.31 70
Rev-Margin DCF $59.67 $82.44 $131.47 67
Economic Profit
Residual Income $46.16 $44.82 $45.63 68
ROIC Compounder $18.93 $20.68 $22.19 68
Growth Earnings
Growth-Adj P/E $67.95 $97.07 $126.19 65

Open the full fair value analysis →

Notify me when 0KB7 reaches fair value

Put 0KB7 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 82

Profitability 30
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 47
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.4%
Start year 2021 (pandemic). Over 10 years: +42.3% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−24.4% (2021) → 5.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

Growth Forecast

A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.5% a year for the price and +5.9% for the forecasts.
Forecast 2027 (sales)+9.6%
Forecast 2028 (sales)+9.5%
Projected 2029 (sales)+8.6%
Projected 2030 (sales)+7.7%
Projected 2031 (sales)+6.7%

Watch 0KB7, get fair value alerts →

Compare Okta, Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Explore undervalued stocks

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Okta, Inc · Fair Value
$194.14 −9%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Okta, Inc Fair Value". https://www.fairvalue-calculator.com/stock/0KB7

Frequently asked questions

Is Okta, Inc (0KB7) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $194.14 versus a price of $213.58, about −9% upside (fairly valued).
What is the fair value of 0KB7?
Our model-based fair value for Okta, Inc is $194.14 (as of Sep 24, 2026), built from audited fundamentals. The current price: $213.58.
What is the quality score of 0KB7?
Okta, Inc has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Okta, Inc (0KB7)?
Our model-based price target is the fair value of $194.14 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $135.90, optimistic scenario $252.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Okta, Inc stock forecast for 2026?
Our models put fair value at $194.14, about −9% upside versus a price of $213.58 (fairly valued). Cautious scenario $135.90, optimistic scenario $252.38. The calculation is refreshed regularly with new filings.
What is the revenue of Okta, Inc (0KB7)?
Okta, Inc reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Sep 24, 2026).
What growth is priced into Okta, Inc (0KB7)?
For today's price to be fair in a discounted-cash-flow model, Okta, Inc would have to grow free cash flow by +22.3 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0KB7 use?
Our models discount Okta, Inc at 9.7 %: a base by market capitalisation (unknown), damped by beta 0.77, country premium for United Kingdom. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Okta, Inc that is +22.3 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Okta, Inc (0KB7) delivered so far?
Over the past 5 years revenue at Okta, Inc grew +28.4 % a year. The price currently implies +22.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of Okta, Inc (0KB7)?
The free-cash-flow yield on the price is 2.36 %: that much free cash flow Okta, Inc produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Okta, Inc (0KB7)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Okta, Inc it is $194.14 per share (as of Sep 24, 2026), against a price of $213.58. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Okta, Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0KB7 trades above its calculated fair value: price $213.58, fair value $194.14, a gap of about −9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0KB7?
No. The price is what the market pays today ($213.58); the fair value is what the company's own numbers justify ($194.14). For Okta, Inc the two are $19.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Okta, Inc worth?
The market values Okta, Inc at about $38.3B (market capitalisation, as of Sep 24, 2026). Per share that is $213.58; our models calculate a fair value of $194.14 per share.
What do the bullish and bearish scenarios say about 0KB7?
Our models span a range for Okta, Inc: cautious scenario $135.90, base $194.14, optimistic $252.38 per share (as of Sep 24, 2026, price $213.58). The range comes from different growth and margin assumptions, not from analyst opinions.
Is Okta, Inc stock attractive at the current price?
The data as of Sep 24, 2026: price $213.58, calculated fair value $194.14 (−9%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0KB7 calculated?
We run Okta, Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $194.14, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Okta, Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Okta, Inc (0KB7)?
The closing price on Oct 2, 2026 was $213.58. Our model-based fair value is $194.14, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Okta, Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($135.90 to $252.38) leaves room in how you read the outcome.

Key figures of Okta, Inc

How large is the market capitalisation of Okta, Inc (0KB7)?
The market capitalisation of Okta, Inc is $38.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Okta, Inc (0KB7)?
Earnings per share at Okta, Inc are $−6.37. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Okta, Inc (0KB7)?
The net margin of Okta, Inc is 8.1% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Okta, Inc (0KB7)?
The return on equity (ROE) of Okta, Inc is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Okta, Inc (0KB7)?
On an EBIT basis the return on assets of Okta, Inc is −4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Okta, Inc (0KB7)?
The operating margin of Okta, Inc is 7.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Okta, Inc (0KB7)?
Revenue at Okta, Inc is growing +11.2% versus a year earlier (3y avg +16.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Okta, Inc (0KB7)?
Earnings per share at Okta, Inc are growing +21.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Okta, Inc (0KB7) hold?
Okta, Inc holds more cash than debt, $436M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed

Continue in the live analysis

Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.

Open the live analysis →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.