Okta, Inc. (OKTA)

DCF Valuation · Technology · Software - Infrastructure

Valuation as at 2026-08-14 · see also the S&P 500 Most Undervalued screen

About Okta, Inc.

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.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Okta, Inc. OKTA

Technology · Software - Infrastructure

Price
$154.95
Market Cap
$26.93B
Free Cash Flow
$0.98B
Beta
0.76
P/E (TTM)
106.1x
52-Week Range
$62.66–$157.00

Okta, Inc.'s price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

$154.95 +97% vs 2024-08
S&P 500 $78.73$94.22$99.97$80.33$73.65$154.95 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

$0.42 +20% vs Q2 '25
$0.35$0.37$0.24$0.35$0.42Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

$0.27B +14% vs Q2 '25
$0.24B$0.16B$0.21B$0.25B$0.27BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share

No dividend history available.

Value investing scale · Buffett · Dalio · Graham

Partial Fit
11 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for OKTA →

Intrinsic value estimate · 5-year forecast

BEAR
$109.00
vs current $154.95
-29.7% ❌ Overvalued
BASE
$168.80
vs current $154.95
+8.9% ⚠️ Fairly Valued
BULL
$269.77
vs current $154.95
+74.1% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.98B
Reported free cash flow (Yahoo)
Risk-free rate
4.68% ● LIVE
Live 10-yr govt bond
Beta
0.76
Direct from Yahoo
Equity risk premium
5.50%
Market-specific seed
Cost of debt
5.28%
Synthetic rating AAA, ICR 38.3x
Tax rate
25.00%
Estimated default
Capital structure
E 98% / D 2%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth8.1%16.2%24.3%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)9.80%8.80%7.80%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.68% + 0.76 × 5.50% = 8.87% · WACC = weighted by 98%/2% capital structure

These numbers come from running Okta, Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or OKTA's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with OKTA →

More S&P 500 stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the S&P 500 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Okta, Inc. (OKTA) undervalued?

The Base-case DCF estimates intrinsic value at $168.80 vs a price of $154.95 on 2026-08-14 — a +8.9% margin, so the Base case reads fairly valued. This is a mechanical output, not advice.