Oneok, Inc. (OKE) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
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. It...
Oneok, Inc. (OKE) currently trades at a P/E ratio of 16.09 (historical range: 10.68–24.51, median: 16.56), placing it at the 42th percentile — near its historical average, P/S ratio of 1.49 (range: 1.01–3.44, 32th percentile — below its historical average), EV/EBITDA of 15.00 (range: 10.28–21.00, 45th percentile).
Oneok, Inc. trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 16.09 | 16.56 | 42th | near its historical average |
| P/S Ratio | 1.49 | 1.67 | 32th | below its historical average |
| EV/EBITDA | 15.00 | 15.26 | 45th | near its historical average |
| FCF Yield | 4.94% | 5.85% | 24th | above its historical average |
Oneok, Inc. (OKE) Valuation & P/E History
Oneok, Inc. (OKE) is a US-listed stock operating in the Utilities sector, specifically the Natural Gas Transmission & Distribution industry currently trading at $93.31 with a market capitalization of $58.8 billion. This page provides historical valuation analysis for OKE based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 16.09 is below the historical median of 16.56, placing OKE at the 42th percentile of its valuation range. The P/S ratio of 1.49 compares to a median of 1.67.
OKE Valuation Metrics & Historical Range
The valuation table above shows Oneok, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether OKE is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests OKE is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Oneok, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is OKE Overvalued or Undervalued?
Oneok, Inc. trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 40 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive OKE is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full OKE analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.OKE trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.