P/E ratio for Okta (OKTA)
P/E ratio as of April 2024 (TTM): -25.6
According to Okta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -25.5745. At the end of 2022 the company had a P/E ratio of -11.8.
P/E ratio history for Okta from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -11.8 | -75.32% |
| 2021 | -47.9 | -63.64% |
| 2020 | -132 | 87.27% |
| 2019 | -70.3 | 24.6% |
| 2018 | -56.5 | 216.95% |
| 2017 | -17.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 RigNet RNET | N/A | N/A | 🇺🇸 USA |
 LiveRamp RAMP | -23.5 | -7.96% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.