Which has the lower trailing P/E, OKTA or ON?

ON has the lower trailing P/E: OKTA trades at 80.98 and ON at 46.94. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, OKTA or ON?

Over the past five years, OKTA grew revenue faster — OKTA at a 24.72% CAGR versus ON at 2.67%.

Is OKTA or ON more profitable?

ON runs the higher net margin — OKTA at 9.63% versus ON at 10.17%.

How have OKTA and ON total returns compared?

Over the past 5 years, OKTA delivered -12.51% and ON delivered 20.84% annualized total return. Past performance doesn't predict future results.

Okta, Inc. (OKTA) vs ON Semiconductor Corporation (ON)

A side-by-side comparison of Okta, Inc. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 27, 2026. Differences are shown without an overall score or investment verdict.

OKTA

Okta, Inc.

$28.72B

$172.91TechnologyDelayed quote: Aug 27, 2026, 4:00 PM EDT

ON Semiconductor Corporation

$29.12B

$74.80TechnologyDelayed quote: Aug 27, 2026, 4:00 PM EDT

Total return — OKTA vs ON

growth of $100 · dividends reinvested · last 9y

OKTA +471.8% (+21.4%/yr)ON +385.9% (+19.2%/yr)OKTA compounded faster over this window

OKTA ON

OKTA vs ON: by the numbers

•ON is the larger company ($29.12B vs $28.72B market cap).
•ON trades at the lower trailing earnings multiple (46.94 vs 80.98 P/E), one valuation lens rather than an overall verdict.
•ON converts more revenue to profit (10.17% vs 9.63% net margin).
•OKTA grew revenue faster over the past five years (24.72% vs 2.67% CAGR).

Metrics side by side

Valuation

Metric	OKTA	ON
P/E ratio	80.98	46.94
Forward P/E	39.05	22.89
P/S ratio	7.82	4.78
P/B ratio	3.45	4.10
EV / EBITDA	74.05	24.74
FCF yield	4.04%	5.98%

Profitability

Metric	OKTA	ON
Gross margin	78.13%	37.45%
Operating margin	7.68%	11.66%
Net margin	9.63%	10.17%
ROE	4.24%	8.73%
ROIC	3.03%	5.23%

Growth (annualized)

Metric	OKTA	ON
Revenue CAGR (5Y)	24.72%	2.67%
EPS CAGR (5Y)	N/A	-12.64%
FCF CAGR (5Y)	51.23%	17.01%
Total return CAGR (5Y)	-12.51%	10.71%

Frequently asked

Which has the lower trailing P/E, OKTA or ON?: ON has the lower trailing P/E: OKTA trades at 80.98 and ON at 46.94. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, OKTA or ON?: Over the past five years, OKTA grew revenue faster — OKTA at a 24.72% CAGR versus ON at 2.67%.
Is OKTA or ON more profitable?: ON runs the higher net margin — OKTA at 9.63% versus ON at 10.17%.
How have OKTA and ON total returns compared?: Over the past 5 years, OKTA delivered -12.51% and ON delivered 20.84% annualized total return. Past performance doesn't predict future results.

Go deeper

Full OKTA analysis Full ON analysis Interactive comparison tool

Dig into the metrics

Okta P/E ratio ON Semiconductor P/E ratio Okta ROE ON Semiconductor ROE Okta operating margin ON Semiconductor operating margin Okta revenue growth ON Semiconductor revenue growth Okta free cash flow ON Semiconductor free cash flow

Okta & ON Semiconductor appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 27, 2026.