As of today (2024-05-02), Okta's share price is $93.36. Okta's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $1.80. Hence, Okta's Price to Tangible Book Ratio of today is 52.01.
The historical rank and industry rank for Okta's Price-to-Tangible-Book or its related term are showing as below:
OKTA'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 16.89 Med: 47.2 Max: 151.87
Current: 51.87
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.
OKTA's Price-to-Tangible-Book is ranked worse than 96.18% of 2092
companies
in the Software industry
Industry Median: 3.655
vs OKTA: 51.87
A closely related ratio is called PB Ratio. As of today, Okta's share price is $93.36. Okta's Book Value per Sharefor the quarter that ended in Jan. 2024 was $35.23. Hence, Okta's P/B Ratio of today is 2.65.
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.
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:
* 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 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 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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