Is Okta, Inc. (OKTA) Undervalued?
Based on the current stock price of $88.61 and a P/E ratio of 80.55,Okta, Inc. has a PEG ratio of 3.59.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 3.59, OKTA appears to be potentially overvalued relative to its growth rate of 22.42%.
Based on a PEG ratio of 3.59 (adjusted for dividends).
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How we analyzed OKTA
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 80.55and dividing it by the annual growth rate of 22.42%.
PEG = 80.55 (P/E) ÷ 22.42 (Growth) = 3.59
Frequently Asked Questions about OKTA
What is the current PEG Ratio for Okta, Inc. (OKTA)?+
The current PEG Ratio for Okta, Inc. is 3.59. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is OKTA stock undervalued right now?+
Based on the PEG ratio of 3.59, Okta, Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for OKTA?+
The PEGY ratio for Okta, Inc. is 3.59. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.