Stock Analysis
Oneok, Inc.OKE
P/E 16.09×· 5Y range 10.68–24.51×· 42th percentile of history
Sector: Utilities · Industry: Natural Gas Transmission & Distribution
AnalystsHold28 analystsP/E 16.1× sits at the 42nd percentile of its 5.086926762491444-year history.
Cash covers 0% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Growth77
- Quality70
Risks
- Financial Health24
Mixed picture — no clear quality or value edge.
Market context
+2.9% today· Z 1.9σ
Bull Case
- ✓ROE 15.8% — efficient capital deployment
- ✓Revenue CAGR 19.4% — durable top-line growth
What's happening with OKE
Profile
Strong growth; financial health and moat lag behind.
How is each axis scored?
- Valuation61/100 · Moderate
- P/E vs own history (42th pct)12/25
- FCF yield (4.9%)12/25
- P/S (1.5x)25/25
- EV/EBIT (15.0x)12/25
- Growth77/100 · Strong
- Revenue CAGR (19.4%)20/25
- Net income CAGR (22.7%)25/25
- EPS CAGR 5Y (12.8%)20/25
- Fwd implied growth (8.1%)12/25
- Profitability65/100 · Moderate
- ROIC (8.6%)12/25
- ROE (15.8%)20/25
- Net margin (9.3%)13/25
- Operating margin (15.5%)20/25
- Financial Health24/100 · Weak
- Altman Z (1.26)3/25
- Current ratio (0.74)6/25
- Interest coverage (3.5x)10/25
- Net cash / debt (D/A 48%)5/25
- Quality70/100 · Moderate
- Piotroski F (6/9)15/25
- Beneish M (-2.27)20/25
- FCF conversion (79%)15/25
- Margin stability (σ 5.1%)20/25
- Moat36/100 · Weak
- ROIC >12% years (0/10 yrs)0/25
- Median gross margin (28.8%)6/25
- FCF-positive years (8/10 yrs)18/25
- Worst-year net margin (worst 3.2%)12/25
Risk Flags
- ⚠Altman Z 1.3 — distress-zone balance sheet
About Oneok, Inc.
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. Show more
It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
Headquarters: TULSA, OK · Employees: 6,326 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
61BP/E (TTM)16.1xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 10.7x–24.5x · 42nd pct
P/FCF19.9xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
FCF Yield4.9%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 3.7%–9.6% · 24th pct · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
P/S (TTM)1.49xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.0x–3.4x · 32nd pct
EV/EBIT15.0xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 10.3x–21.0x · 45th pct
EV/Sales7.2xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E14.9xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.55xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.75C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield4.57%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio72.3%C
Grade C: HighDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
Profitability
65BROIC8.6%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE15.8%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA5.4%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin9.3%C
Grade C: AverageNet Income / Revenue
Operating Margin15.5%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin27.2%D
Grade D: LowGross Profit / Revenue
FCF Margin7.4%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
True FCF Margin7.4%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
Growth
77B+Revenue CAGR19.4%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR22.7%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)12.8%C
Grade C: OkCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth8.1%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+41.1%D
Grade D: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
24EAltman Z-Score1.26D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.74xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.59xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage3.5xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment11.3yD
Grade D: SlowYears to repay net debt via FCF · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
Net Debt/EBIT5.4xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.43xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.00xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
70B+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.27A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion79.5%C
Grade C: AverageFCF / Net Income · Elevated investment — CapEx = 53% of operating cash flow, weighing on reported FCF
Margin Stability5.1%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue8.3%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.85xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
SPEARS MARY M Filed | SPEARS MARY M | Option exercise | -2316 | |
SPEARS MARY M Filed | SPEARS MARY M | Tax withholding | -1016 | |
SPEARS MARY M Filed | SPEARS MARY M | Option exercise | +2.3K | |
SWORDS SHERIDAN C Filed | SWORDS SHERIDAN C | Option exercise | -4343 | |
SWORDS SHERIDAN C Filed | SWORDS SHERIDAN C | Tax withholding | -1905 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
SWORDS SHERIDAN C Filed | SWORDS SHERIDAN C | Option exercise | +4.3K | |
HULSE WALTER S III Filed | HULSE WALTER S III | Option exercise | -7238 | |
HULSE WALTER S III Filed | HULSE WALTER S III | Tax withholding | -3174 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
36DROIC >12% Years0/10 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)28.8%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years8/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor3.2%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$5.80
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$0.26
Cash & short-term investments per share (Finnhub)
Book Value / Share$36.39
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$33.02B
Total debt obligations (short + long term)
Cash & Equiv.$161.00M
Cash and short-term investments
Net Debt$32.86B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$23.08B
Shareholders' equity (book value)
Asset / Liability1.51xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$58.82B
Current Market Capitalization
Beta0.79B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Oneok, Inc. (OKE)
OKE is up 2.93% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Oneok, Inc.. Altman Z-Score of 1.26 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.27 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 19% annually, with net income growing about 23% per year — a strong growth profile.
- Takes ~11.3 years to repay net debt from free cash flow.
- The stock currently yields 4.6% in dividends.
See how OKE ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all OKE moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 8 | Regular | 90.30 | +2.56% | 2.06 |
| Oct 8 | After-hours | 90.84 | +3.17% | 2.48 |
| Sep 25 | Regular | 88.51 | -2.93% | -2.29 |
| Sep 25 | After-hours | 88.63 | -2.80% | -2.18 |
Frequently Asked Questions about OKE
What is the current Oneok, Inc. (OKE) stock price?
OKE is trading at $93.31 at the last market close, up 2.93% on the session. PreMarketPrice tracks OKE pre-market, intraday and after-hours prices.
Is OKE stock a buy right now?
PreMarketPrice's quantitative model rates Oneok, Inc.'s financial health at 24/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is OKE stock overvalued?
Oneok, Inc. trades at a trailing P/E of 16.1 and our valuation score rates it 61/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Oneok, Inc. report earnings?
No confirmed earnings date is currently scheduled for OKE. The Earnings section lists recent reports and updates as dates are announced.
What sector does Oneok, Inc. operate in?
Oneok, Inc. operates in the Utilities sector, within the Natural Gas Transmission & Distribution industry. The Related Stocks section lists sector peers for comparison.
What does Oneok, Inc. do?
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation.
About Oneok, Inc. (OKE) Stock
Oneok, Inc. (OKE) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission & Distribution industry. As of the latest update, Oneok, Inc. is trading at $93.31, up 2.93% on the day with a market capitalization of $58.8 billion. The financial health score for OKE is 24/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for OKE stock.
OKE Stock Analysis & Key Metrics
On PreMarketPrice, you can track Oneok, Inc. (OKE) across multiple dimensions:
- Pre-market price & movement: Real-time OKE stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for OKE with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Oneok, Inc. across multiple reporting periods.
- Financial health score: A composite score of 24/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for OKE.
- Sector peers: Compare OKE against 4 other utilities stocks on key financial metrics.
Is OKE a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Oneok, Inc. (OKE) as an investment. The financial health score of 24/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Oneok, Inc. (OKE) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.