Okta, Inc.
$29.48B- Market cap
- $29.89B
- Debt
- +$445.00M
- Cash
- −$858.00M
Capital structure 99% equity / 1% debt · EV / Revenue 10.10x · EV / EBITDA 83.98x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt capMarket cap $29.89B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: OKTA stock price vs AES: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AES's multiple
Needs AES P/E.
Implied fair value · at OKTA's multiple
Needs OKTA P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: OKTA FY 2026 (ended Jan 31, 2026) · AES FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 99% equity / 1% debt · EV / Revenue 10.10x · EV / EBITDA 83.98x
Capital structure 27% equity / 73% debt · EV / Revenue 3.03x · EV / EBITDA 7.78x
AES carries the larger enterprise value at $37.12B against $29.48B; AES trades on the lower EV / Revenue multiple (3.03x vs 10.10x); AES on the lower EV / EBITDA (7.78x vs 83.98x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Okta, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
THE AES CORPORATION · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.06x
6.92x
Net debt / EBITDA
Leverage against operating earnings
-1.18x
5.57x
Cash and equivalents
Liquid reserves on the balance sheet
$858.00M
$1.56B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$445.00M
$28.13B
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