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/E ratio

As of 25 September 2026, ONEOK, Inc. (OKE) trades at a P/E ratio of 15.3×. Over the past ten years it has ranged from 5.0× (March 2020) to 45.3× (January 2018); the current reading is higher than 16% of that period. That is above the Oil & Gas Midstream industry median of 13.2× and above the Energy sector median of 13.7×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 13.6× (30.03%)
FY2024 19.4× 51.47%
FY2023 12.8× (23.15%)
FY2022 16.7× (4.50%)
FY2021 17.4× (37.76%)
FY2020 28.0× 14.40%
FY2019 24.5× 27.10%
FY2018 19.3× (52.76%)
FY2017 40.8× 16.62%
FY2016 35.0× 65.92%

Quarterly

Period P/E ratio Change
Jun 2026 15.0× (6.97%)
Mar 2026 16.1× 18.81%
Dec 2025 13.6× 1.28%
Sep 2025 13.4× (15.69%)
42 more quarters

Against its own ten years

Low 5.0× High 45.3×
Ten-year median 20.3×
Current reading's percentile 16

P/E ratio against peers

Company P/E ratio
MPLX MPLX LP compare 12.2×
EPD Enterprise Products Partners L.P. compare 12.8×
ET Energy Transfer LP compare 13.7×
OKE ONEOK, Inc. 15.3×
KMI Kinder Morgan, Inc. compare 19.7×
LNG Cheniere Energy, Inc. compare 19.9×
TRP TC Energy Corporation compare 24.4×
TRGP Targa Resources, Inc. compare 26.5×
WMB Williams Companies, Inc. (The) compare 27.5×
Oil & Gas Midstream industry median 13.2×
Energy sector median 13.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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