Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Okta's share price for the quarter that ended in Jan. 2024 was $82.65. Okta's Shares Outstanding (EOP) for the quarter that ended in Jan. 2024 was 167 Mil. Therefore, Okta's market cap for the quarter that ended in Jan. 2024 was $13,813 Mil.
Okta's quarterly market cap
declined
from Jul. 2023 ($12,608 Mil) to Oct. 2023 ($11,144 Mil) but then
increased
from Oct. 2023 ($11,144 Mil) to Jan. 2024 ($13,813 Mil).
Okta's annual market cap
declined
from Jan. 2022 ($30,990 Mil) to Jan. 2023 ($11,874 Mil) but then
increased
from Jan. 2023 ($11,874 Mil) to Jan. 2024 ($13,813 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Okta's Enterprise Value for Today is $15,560 Mil.
Okta Market Cap Historical Data
The historical data trend for Okta's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Software Industry
For the Software industry and Technology sector, Okta's Market Cap distribution charts can be found below:
* The bar in red indicates where Okta's Market Cap falls into.
Okta Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Okta's Market Cap for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Okta (NAS:OKTA) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Okta Market Cap Related Terms
Thank you for viewing the detailed overview of Okta's Market Cap 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.
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