Okta
OKTA
#1273
Rank
$13.42 B
Marketcap
$81.18
Share price
-2.96%
Change (1 day)
12.48%
Change (1 year)

P/E ratio for Okta (OKTA)

P/E ratio as of February 2024 (TTM): -22.0

According to Okta's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -22. 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%
2020-13287.27%
2019-70.324.6%
2018-56.5216.95%
2017-17.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
-25.6 16.54%๐Ÿ‡บ๐Ÿ‡ธ 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.