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) P/B ratio
As of 25 September 2026, ONEOK, Inc. (OKE) trades at a P/B ratio of 2.4×. Over the past ten years it has ranged from 1.0× (December 2015) to 5.5× (April 2022); the current reading is higher than 31% of that period. That is above the Oil & Gas Midstream industry median of 2.1× and above the Energy sector median of 1.5×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 2.0× | (23.27%) |
| FY2024 | 2.7× | 27.09% |
| FY2023 | 2.1× | (52.64%) |
| FY2022 | 4.4× | 1.04% |
| FY2021 | 4.4× | 59.25% |
| FY2020 | 2.7× | (45.52%) |
| FY2019 | 5.0× | 48.97% |
| FY2018 | 3.4× | 17.99% |
| FY2017 | 2.9× | (20.95%) |
| FY2016 | 3.6× | 162.84% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 2.4× | (6.25%) |
| Mar 2026 | 2.5× | 24.81% |
| Dec 2025 | 2.0× | (2.02%) |
| Sep 2025 | 2.1× | (11.15%) |
| 42 more quarters | Free account |
Against its own ten years
Low 1.0×
High 5.5×
Ten-year median
3.1×
Current reading's percentile
31
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| ET Energy Transfer LP compare | 1.5× |
| KMI Kinder Morgan, Inc. compare | 2.1× |
| TRP TC Energy Corporation compare | 2.4× |
| OKE ONEOK, Inc. | 2.4× |
| EPD Enterprise Products Partners L.P. compare | 2.6× |
| MPLX MPLX LP compare | 4.0× |
| LNG Cheniere Energy, Inc. compare | 4.9× |
| WMB Williams Companies, Inc. (The) compare | 5.5× |
| TRGP Targa Resources, Inc. compare | 15.7× |
| Oil & Gas Midstream industry median | 2.1× |
| Energy sector median | 1.5× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
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
- Price to free cash flow
- EV/EBITDA
- 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