Okta Inc (OKTA) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Okta Inc stock $142, price $191, that is 25.6% below the price, quality 69 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Okta Inc
OKTA · USOur calculation puts a fair price 26% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $45.02 – $271.75 · fair‑value band $99.48 – $184.76 · the $191.05 price screens above the $142.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Okta, Inc. operates as an identity partner in the United States and internationally.
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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 (OKTA) currently trades at $191.05, while our model-based Fair Value estimate is $142.12, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $85.51 per share, and 0 of the 24 models we run sit above the $191.05 price.
Bear case: the Multiples group reads lowest at $24.58, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $99.48 (bear) to $184.76 (bull), the price of $191.05 sits above 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 69/100 (solid quality), in the Technology sector.
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 $34.3B Large · P/E ratio 116.9 · P/S ratio 11.1 · EPS (TTM) $1.66 · Net margin 9.6% · Return on equity 4.3% · Return on assets (EBIT) −4.4% · Operating margin 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 18% below its 52-week high and 204% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −16% fair-value upside, at −26%, OKTA screens richer than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 6 officers or directors sold shares worth $49.2M and none bought.
- SaleShibu NinanChief Accounting Officer2× since Jan 13, 2026: 15,729 shares, avg. $209.58$3.3MOct 8, 202610b5-1 plan
- SaleTodd McKinnonChief Executive Officer, Director4× since Dec 22, 2025: 140,307 shares, avg. $153.18$21.5MSep 22, 202610b5-1 plan
- SaleEric Robert KelleherOfficer7× since Dec 18, 2025: 43,054 shares, avg. $106.04$4.6MSep 18, 202610b5-1 plan
- SaleBrett TigheChief Financial Officer3× since Jan 13, 2026: 155,000 shares, avg. $138.38$21.4MSep 2, 202610b5-1 plan
- SaleLarissa SchwartzOfficer9× since Nov 11, 2025: 48,395 shares, avg. $110.46$5.3MJun 22, 202610b5-1 plan
- SaleShellye L ArchambeauDirector2,500 shares at $85.00$212,500May 18, 202610b5-1 plan
- BuyDavid SchellhaseDirector3,712 shares at $72.04$267,404Apr 16, 202610b5-1 plan
- SaleJonathan James AddisonChief Revenue Officer23,304 shares at $77.79$1.8MMar 25, 202610b5-1 plan
Plus 21 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
OKTA screens overvalued: fair value 26% below the price. Compare with Microsoft Corporation →
Recent news
- Okta (OKTA) Could Be 38% Above Fair Value After Data Leak Headlines
- Okta (OKTA) Tied To Data Leak Exposing 40,000 DHS Employee Records
- Okta to replace Kenvue in S&P 500
- Cloudflare, Fastly, Oracle, JFrog, and Okta shares plummet, what you need to know
Compare Okta Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 342 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Microsoft Corporation MSFT | $555.80 | $611.38 | +10% | vs OKTA |
| Fortinet, Inc FTNT | $129.39 | $138.83 | +7% | vs OKTA |
| Oracle Corporation ORCL | $123.73 | $111.97 | −10% | vs OKTA |
| Block, Inc XYZ | $87.63 | $76.95 | −12% | vs OKTA |
| NetApp, Inc NTAP | $187.67 | $156.80 | −16% | vs OKTA |
| Synopsys, Inc SNPS | $462.95 | $288.23 | −38% | vs OKTA |
| Zscaler, Inc ZS | $224.44 | $101.45 | −55% | vs OKTA |
| Palantir Technologies Inc PLTR | $171.70 | $42.30 | −75% | vs OKTA |
| CrowdStrike Holdings CRWD | $241.00 | $37.97 | −84% | vs OKTA |
| Palo Alto Networks, Inc PANW | $348.04 | $39.54 | −89% | vs OKTA |
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Key figures of Okta Inc
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