Okta (BSP:O1KT34) Price-to-Tangible-Book : 54.47 (As of Apr. 30, 2024)

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What is Okta Price-to-Tangible-Book?

As of today (2024-04-30), Okta's share price is R$24.02. Okta's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was R$0.44. Hence, Okta's Price to Tangible Book Ratio of today is 54.47.

The historical rank and industry rank for Okta's Price-to-Tangible-Book or its related term are showing as below:

BSP:O1KT34' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 16.89 Med: 47.2 Max: 151.87
Current: 52.22

During the past 10 years, Okta's highest Price to Tangible Book Ratio was 151.87. The lowest was 16.89. And the median was 47.20.

BSP:O1KT34's Price-to-Tangible-Book is ranked worse than
96.26% of 2087 companies
in the Software industry
Industry Median: 3.66 vs BSP:O1KT34: 52.22

A closely related ratio is called PB Ratio. As of today, Okta's share price is R$24.02. Okta's Book Value per Sharefor the quarter that ended in Jan. 2024 was R$8.66. Hence, Okta's P/B Ratio of today is 2.77.

Okta Price-to-Tangible-Book Historical Data

The historical data trend for Okta's Price-to-Tangible-Book 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.

* Premium members only.

Okta Price-to-Tangible-Book Chart

Okta Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Price-to-Tangible-Book

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55.13

144.78

47.85

Okta Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	532.35	85.15	47.85

Competitive Comparison of Okta's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Okta's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Okta's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Okta's Price-to-Tangible-Book falls into.

Okta Price-to-Tangible-Book Calculation

Okta's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jan. 2024 )
	=	24.02	/	0.441
	=	54.47

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Okta Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Okta's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Okta (BSP:O1KT34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Okta Inc (BSP:O1KT34) » Definitions » Price-to-Tangible-Book

Comparable Companies

GEN GDDY DOX IOT DBX FFIV NTNX PATH TOST CFLT MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

OKTA:USA OKTA:Mexico 0OK:Germany

Address

100 First Street, Suite 600, San Francisco, CA, USA, 94105

Website

https://www.okta.com

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.

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