What is Okta, Inc. (OKTA) worth?

On 12 Nov 2026 our base value for Okta, Inc. is $142.39 a share, 22.0% below its $182.54 close; 0 of 1 valuation methods put it above the price.

Valuation methods

MethodValuevs priceBasis
Discounted cash flow——perpetuity refused: the 10.04% discount rate sits 0.56pt from the 10.6% the model would compound (floor 2pt) — growth and discounting cancel through the explicit window, so the answer is the terminal block and the house fade, not this company's cash flows. The target rests on the exit multiple alone
Exit multiple (P/E)$142.39-22.0%earnings per share $3.93 valued at 40.49× (the stock's own median P/E) in 5 years, discounted back
Sum of the parts——no sum of the parts: the filing discloses one operating segment, and one business summed is an earnings multiple with extra steps, not a second opinion
Price to sales——not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run
Tangible book——used only for lenders, where book value is the business
Price to FFO (REITs)——used only for REITs

How we got this number

Each working is rebuilt by code from the valuation's own figures and checked against the published value.

Exit multiple (P/E)

Earnings per share grow on the same fading path as the DCF:

YearGrowthEarnings per share
Now—$3.93
Year 110.60%$4.35
Year 28.70%$4.72
Year 37.27%$5.07
Year 46.21%$5.38
Year 55.40%$5.67
Earnings per share in year 5$5.67
Exit P/E (the stock's own median P/E)40.49×
Value in 5 years = earnings × P/E$229.69
Discounted at 10.04% over 5 years: ÷ 1.6131$142.39
Base value

The base value is the average of the methods kept in it:

MethodValue
Exit multiple (P/E)$142.39

One method is kept, so the base value is its value: $142.39

Targets

Base value $142.39 a share

One-year price simulation: a 10% chance the price is below $49.21 and a 10% chance it is above $412.84 in a year; a 39% chance it is higher than today's $182.54, from 82.56% volatility. The simulation assumes the price drifts up at our discount rate of 10.04% a year.

Base value history

WeekPriceBase value
12 Nov 2026$182.54$142.39

Data as of 12 Nov 2026; financials to 31 Jul 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.

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