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) Price to free cash flow

As of 25 September 2026, ONEOK, Inc. (OKE) trades at a price to free cash flow of 19.3×. Over the past ten years it has ranged from 0.0× (March 2021) to 635× (March 2019); the current reading is higher than 64% of that period. That is above the Oil & Gas Midstream industry median of 10.1× and above the Energy sector median of 10.8×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 18.8× (8.33%)
FY2024 20.5× 68.21%
FY2023 12.2× (27.52%)
FY2022 16.8× 18.37%
FY2021 14.2× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 491× 2,323.63%
FY2017 20.2× 23.07%
FY2016 16.5× —

Quarterly

Period Price to free cash flow Change
Jun 2026 18.9× (25.77%)
Mar 2026 25.4× 35.49%
Dec 2025 18.8× 19.09%
Sep 2025 15.8× (11.26%)
42 more quarters

Against its own ten years

Low 0.0× High 635×
Ten-year median 15.9×
Current reading's percentile 64

Price to free cash flow against peers

Company Price to free cash flow
WMB Williams Companies, Inc. (The) compare n/m
ET Energy Transfer LP compare 13.3×
MPLX MPLX LP compare 13.4×
EPD Enterprise Products Partners L.P. compare 19.3×
OKE ONEOK, Inc. 19.3×
LNG Cheniere Energy, Inc. compare 20.7×
TRP TC Energy Corporation compare 20.9×
KMI Kinder Morgan, Inc. compare 25.8×
TRGP Targa Resources, Inc. compare 80.5×
Oil & Gas Midstream industry median 10.1×
Energy sector median 10.8×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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