Okta (OKTA) - P/B ratio

P/B ratio as of June 2023 : 2.16

According to Okta's latest financial reports the company has a price-to-book ratio of 2.16.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Okta - P/B ratio (from 2017 to 2023)

P/B ratio by year

Year	P/B ratio	Change
2023-12-31	N/A	-100%
2022-12-31	2.02	-65.26%
2021-12-31	5.83	-87.95%
2020-12-31	48.4	37.79%
2019-12-31	35.1	21.8%
2018-12-31	28.8	72.73%
2017-12-31	16.7	INF%
2016-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
LiveRamp RAMP	1.82	-15.58%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company. In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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