Stock fact sheet · data as of
Okta, Inc. (OKTA): fair value, margin of safety and Wheel Score
Ticker symbol OKTA · Technology · Software - Infrastructure · United States · Class A common stock · Growth
OKTA is Okta, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is OKTA undervalued?
Okta, Inc. (OKTA) closed at 191.05 on 5 Nov 2026, 132% above the GLS average fair value of 82.21. 8 of the 8 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between Lynch (15.49) and Payback Time (168.12). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, OKTA is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 14, growth score 75, out of 100).
Nine valuation models for OKTA
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 152.47 | -20% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 39.10 | -80% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 44.40 | -77% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 15.49 | -92% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 103.97 | -46% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 115.26 | -40% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 168.12 | -12% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 18.87 | -90% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.56 | -98% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 201.76 | +6% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Okta, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 4.2/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 3.2%, ROE 3.4%, ROA 2.4% - with debt at 0.06 times equity and a free-cash-flow yield of 3.0%.
Okta, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Subscription and Circulation 99%, Technology Service 2% (quarter Q2 FY2027).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 6/10 on the GLS smart-money scales; the last recorded Congressional buy was on 4 Sep 2026.
| Piotroski F-score | 8 / 9 | ROIC | 3.2% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 3.4% |
| Debt / equity | 0.06 | ROA | 2.4% |
| Free-cash-flow yield | 3.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 6 / 10 |
Wheel Score 39: Weak
With a Wheel Score of 39 Okta, Inc. sits in the Weak band. It fails filter 3, below fair value - trades 132% above our fair value; and filter 7, a premium worth selling - implied volatility 87% (over 80%); Value (weak) is its weakest part.
Implied volatility is 87%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 82,572 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 3.7M shares a day on a market cap of $31.9B, with a beta of 0.73 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that strong.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 132% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 87% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 132% above fair value | |
| Premium | Fair | implied volatility 87% | |
| Moat | Fair | moat 4.2/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Strong | 8,174 contracts a day, 82,572 open interest | |
| Stability | Strong | beta 0.73, $31.9B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 1 Dec 2026 (after the close), 26 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Infrastructure
The 12 companies below are the closest to Okta, Inc. by market cap within the Software - Infrastructure industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
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| TWLO Twilio Inc. | 213.50 | 199.26 | -7% | 40Weak | $33.0B |
| VRSN VeriSign, Inc. | 318.03 | 178.66 | -78% | 44Weak | $28.5B |
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| CPAY Corpay, Inc. | 418.60 | 493.09 | +15% | 45Weak | $27.5B |
| CRWV CoreWeave, Inc. Class A Common Stock | 48.42 | - | - | 15Weak | $26.7B |
| MDB MongoDB, Inc. | 328.38 | 59.67 | -450% | 37Weak | $26.4B |
| IOT Samsara Inc. | 42.81 | 8.87 | -383% | 42Weak | $25.1B |
| RBRK Rubrik, Inc. | 118.99 | 34.09 | -249% | 28Weak | $24.5B |
| XYZ Block, Inc. | 87.61 | 45.40 | -93% | 37Weak | $47.4B |
| BSQKZ Block, Inc. | 89.11 | 45.91 | -94% | 20No options | $48.2B |
| FFIV F5, Inc. | 329.72 | 268.50 | -23% | 45Weak | $18.7B |
| GEN Gen Digital Inc. | 30.89 | 46.37 | +33% | 55Fair | $18.3B |
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Start free See the Sunday ScanQuestions about OKTA
What kind of share is OKTA?
OKTA is Okta, Inc.'s Class A common stock. The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is OKTA undervalued right now?
No: at 191.05 the stock trades 132% above the GLS average fair value of 82.21 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of OKTA and what does it mean?
OKTA scores 39 out of 100 (Weak) - it fails Wheel Trade Filters 3, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for OKTA?
82.21 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Okta, Inc. report earnings next?
The next earnings report is due on 1 Dec 2026 (after the close), 26 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does OKTA have listed options, and how liquid are they?
Yes. The nightly snapshot found 570 listed contracts with 82,572 open interest across all expiries and implied volatility of 87% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.