ONEOK, Inc. OKE
- Market cap
- $57.5B
- P/E
- 15.3×
Follow OKE
ONEOK, Inc. (OKE) EV/EBITDA
As of 25 September 2026, ONEOK, Inc. (OKE) trades at a EV/EBITDA of 11.4×. Over the past ten years it has ranged from 7.9× (March 2020) to 19.3× (June 2018); the current reading is higher than 25% of that period. That is above the Oil & Gas Midstream industry median of 8.1× and above the Energy sector median of 7.0×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 10.7× | (27.04%) |
| FY2024 | 14.7× | 27.75% |
| FY2023 | 11.5× | (5.94%) |
| FY2022 | 12.2× | (0.87%) |
| FY2021 | 12.3× | (20.84%) |
| FY2020 | 15.6× | (14.79%) |
| FY2019 | 18.3× | 31.27% |
| FY2018 | 13.9× | 1.32% |
| FY2017 | 13.8× | 13.35% |
| FY2016 | 12.1× | 21.29% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 11.3× | (5.26%) |
| Mar 2026 | 11.9× | 10.98% |
| Dec 2025 | 10.7× | (1.00%) |
| Sep 2025 | 10.8× | (11.66%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| ET Energy Transfer LP compare | 8.1× |
| LNG Cheniere Energy, Inc. compare | 10.0× |
| EPD Enterprise Products Partners L.P. compare | 10.6× |
| MPLX MPLX LP compare | 11.2× |
| OKE ONEOK, Inc. | 11.4× |
| TRP TC Energy Corporation compare | 12.9× |
| KMI Kinder Morgan, Inc. compare | 13.1× |
| TRGP Targa Resources, Inc. compare | 14.4× |
| WMB Williams Companies, Inc. (The) compare | 16.2× |
| Oil & Gas Midstream industry median | 8.1× |
| Energy sector median | 7.0× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on OKE
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement