The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-12), Okta's share price is $85.00. Okta's Book Value per Share for the quarter that ended in Oct. 2024 was $36.56. Hence, Okta's PB Ratio of today is 2.32.
The historical rank and industry rank for Okta's PB Ratio or its related term are showing as below:
OKTA'
s PB Ratio Range Over the Past 10 Years
Min: 1.33 Med: 17.01 Max: 66.98
Current: 2.32
During the past 10 years, Okta's highest PB Ratio was 66.98. The lowest was 1.33. And the median was 17.01.
OKTA's PB Ratio is ranked better than 61.55% of 2572
companies
in the Software industry
Industry Median: 2.89
vs OKTA: 2.32
During the past 12 months, Okta's average Book Value Per Share Growth Rate was 5.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 88.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 91.30% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Okta was 156.20% per year. The lowest was 40.30% per year. And the median was 102.60% per year.
Back to Basics: PB Ratio
Okta PB Ratio Historical Data
The historical data trend for Okta's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Infrastructure subindustry, Okta's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Okta's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Okta's PB Ratio distribution charts can be found below:
* The bar in red indicates where Okta's PB Ratio falls into.
Okta PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Okta's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Okta PB Ratio Related Terms
Thank you for viewing the detailed overview of Okta's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OKTA has been successfully added to your 