ONEOK, Inc. OKE

88.63 (2.55) (2.80%) as of 25 Sep
Market cap
$57.5B
P/E
15.3×
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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

Against its own ten years

Low 7.9× High 19.3×
Ten-year median 12.4×
Current reading's percentile 25

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)

The full definition of EV/EBITDA →

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