Okta Inc
NASDAQ:OKTA

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Okta Inc
NASDAQ:OKTA
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Price: 83.28 USD 1.95% Market Closed
Market Cap: 14.1B USD
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Relative Value

The Relative Value of one OKTA stock under the Base Case scenario is 96.62 USD. Compared to the current market price of 83.28 USD, Okta Inc is Undervalued by 14%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

OKTA Relative Value
Base Case
96.62 USD
Undervaluation 14%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
88
vs Industry
17
Median 3Y
6.3
Median 5Y
10.3
Industry
2.4
Forward
5.4
vs History
vs Industry
Median 3Y
-26.2
Median 5Y
-57
Industry
23.2
Forward
29.9
vs History
92
vs Industry
22
Median 3Y
57.4
Median 5Y
230.5
Industry
17.4
vs History
33
vs Industry
17
Median 3Y
44.4
Median 5Y
25.3
Industry
21.3
vs History
73
vs Industry
42
Median 3Y
2.4
Median 5Y
3.1
Industry
2.9
vs History
93
vs Industry
18
Median 3Y
6.2
Median 5Y
10.1
Industry
2.4
Forward
4.7
vs History
93
vs Industry
26
Median 3Y
8.5
Median 5Y
14.8
Industry
4.9
vs History
vs Industry
Median 3Y
-25.2
Median 5Y
-66
Industry
12.9
Forward
21.7
vs History
vs Industry
Median 3Y
-21.3
Median 5Y
-49.6
Industry
16.5
Forward
22.4
vs History
93
vs Industry
22
Median 3Y
54.6
Median 5Y
221.9
Industry
16.3
vs History
88
vs Industry
22
Median 3Y
50.5
Median 5Y
260.8
Industry
19
vs History
74
vs Industry
42
Median 3Y
1.9
Median 5Y
2.5
Industry
2.5

Multiples Across Competitors

OKTA Competitors Multiples
Okta Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Okta Inc
NASDAQ:OKTA
14.3B USD 5.6 -365.9 -233.4 -90.3
CA
Shopify Inc
NYSE:SHOP
140.7B USD 17.1 101.7 139.1 144.7
US
Snowflake Inc.
NYSE:SNOW
55.7B USD 16.3 -49.4 -46.6 -40.7
US
Cloudflare Inc
NYSE:NET
38.7B USD 24.6 -412.1 -1 082.5 -234.1
US
GoDaddy Inc
NYSE:GDDY
28.8B USD 6.4 15.6 31.5 36.7
US
Verisign Inc
NASDAQ:VRSN
19.2B USD 12.4 22.3 18.4 19
US
MongoDB Inc
NASDAQ:MDB
18.3B USD 9.5 -91.2 -64.2 -59.6
US
Twilio Inc
NYSE:TWLO
16.8B USD 3.9 -36.3 128.3 -144.6
US
Akamai Technologies Inc
NASDAQ:AKAM
14.4B USD 3.6 27.4 11.2 20.9
IL
Wix.Com Ltd
NASDAQ:WIX
12.1B USD 7.1 130.1 111.1 162
US
Switch Inc
F:821
7.7B EUR 12.1 21.3 33.6 106.1
P/S Multiple
Revenue Growth P/S to Growth
US
Okta Inc
NASDAQ:OKTA
Average P/S: 10.8
5.6
39%
0.1
CA
Shopify Inc
NYSE:SHOP
17.1
87%
0.2
US
Snowflake Inc.
NYSE:SNOW
16.3
96%
0.2
US
Cloudflare Inc
NYSE:NET
24.6
104%
0.2
US
GoDaddy Inc
NYSE:GDDY
6.4
26%
0.2
US
Verisign Inc
NASDAQ:VRSN
12.4
12%
1
US
MongoDB Inc
NASDAQ:MDB
9.5
68%
0.1
US
Twilio Inc
NYSE:TWLO
3.9
26%
0.1
US
Akamai Technologies Inc
NASDAQ:AKAM
3.6
23%
0.2
IL
Wix.Com Ltd
NASDAQ:WIX
7.1
48%
0.1
US
S
Switch Inc
F:821
12.1
N/A N/A
P/E Multiple
Earnings Growth P/E to Growth
US
Okta Inc
NASDAQ:OKTA
Average P/E: 53.1
Negative Multiple: -365.9
N/A N/A
CA
Shopify Inc
NYSE:SHOP
101.7
1 782%
0.1
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -49.4 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -412.1 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
15.6
-13%
N/A
US
Verisign Inc
NASDAQ:VRSN
22.3
9%
2.4
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -91.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -36.3 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.4
110%
0.2
IL
Wix.Com Ltd
NASDAQ:WIX
130.1
1 359%
0.1
US
S
Switch Inc
F:821
21.3
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Okta Inc
NASDAQ:OKTA
Average EV/EBITDA: 67.6
Negative Multiple: -233.4
N/A N/A
CA
Shopify Inc
NYSE:SHOP
139.1
3 409%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -46.6 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -1 082.5 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
31.5
116%
0.3
US
Verisign Inc
NASDAQ:VRSN
18.4
15%
1.2
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -64.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
128.3
N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
11.2
49%
0.2
IL
Wix.Com Ltd
NASDAQ:WIX
111.1
1 614%
0.1
US
S
Switch Inc
F:821
33.6
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Okta Inc
NASDAQ:OKTA
Average EV/EBIT: 81.6
Negative Multiple: -90.3
N/A N/A
CA
Shopify Inc
NYSE:SHOP
144.7
42 967%
0
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -40.7 N/A N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -234.1 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
36.7
107%
0.3
US
Verisign Inc
NASDAQ:VRSN
19
12%
1.5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -59.6 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -144.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
20.9
85%
0.2
IL
Wix.Com Ltd
NASDAQ:WIX
162
6 834%
0
US
S
Switch Inc
F:821
106.1
N/A N/A

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