OGE ENERGY CORP (OGE) Fundamental Analysis & Valuation

NYSE:OGE • US6708371033

48.89 USD
+0.07 (+0.14%)
At close: Mar 4, 2026
48.89 USD
0 (0%)
After Hours: 3/4/2026, 4:15:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This OGE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Taking everything into account, OGE scores 4 out of 10 in our fundamental rating. OGE was compared to 46 industry peers in the Electric Utilities industry. While OGE is still in line with the averages on profitability rating, there are concerns on its financial health. OGE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. OGE Profitability Analysis

1.1 Basic Checks

  • OGE had positive earnings in the past year.
  • In the past year OGE had a positive cash flow from operations.
  • Each year in the past 5 years OGE has been profitable.
  • Of the past 5 years OGE 4 years had a positive operating cash flow.
OGE Yearly Net Income VS EBIT VS OCF VS FCFOGE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B -1B

1.2 Ratios

  • OGE has a better Return On Assets (3.28%) than 78.26% of its industry peers.
  • With a Return On Equity value of 9.46%, OGE perfoms like the industry average, outperforming 45.65% of the companies in the same industry.
  • OGE has a Return On Invested Capital of 4.97%. This is amongst the best in the industry. OGE outperforms 80.43% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for OGE is in line with the industry average of 4.48%.
  • The last Return On Invested Capital (4.97%) for OGE is above the 3 year average (4.79%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.28%
ROE 9.46%
ROIC 4.97%
ROA(3y)3.25%
ROA(5y)4.18%
ROE(3y)9.4%
ROE(5y)12.29%
ROIC(3y)4.79%
ROIC(5y)4.66%
OGE Yearly ROA, ROE, ROICOGE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15

1.3 Margins

  • OGE has a Profit Margin of 14.44%. This is comparable to the rest of the industry: OGE outperforms 58.70% of its industry peers.
  • In the last couple of years the Profit Margin of OGE has declined.
  • With a decent Operating Margin value of 24.52%, OGE is doing good in the industry, outperforming 65.22% of the companies in the same industry.
  • In the last couple of years the Operating Margin of OGE has remained more or less at the same level.
  • With a Gross Margin value of 61.35%, OGE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • OGE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 24.52%
PM (TTM) 14.44%
GM 61.35%
OM growth 3Y8.42%
OM growth 5Y-0.07%
PM growth 3Y-9.87%
PM growth 5YN/A
GM growth 3Y6.53%
GM growth 5Y-2.5%
OGE Yearly Profit, Operating, Gross MarginsOGE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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3

2. OGE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), OGE is destroying value.
  • OGE has more shares outstanding than it did 1 year ago.
  • OGE has more shares outstanding than it did 5 years ago.
  • OGE has a better debt/assets ratio than last year.
OGE Yearly Shares OutstandingOGE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
OGE Yearly Total Debt VS Total AssetsOGE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

2.2 Solvency

  • Based on the Altman-Z score of 1.40, we must say that OGE is in the distress zone and has some risk of bankruptcy.
  • OGE has a Altman-Z score of 1.40. This is amongst the best in the industry. OGE outperforms 80.43% of its industry peers.
  • The Debt to FCF ratio of OGE is 68.45, which is on the high side as it means it would take OGE, 68.45 years of fcf income to pay off all of its debts.
  • OGE's Debt to FCF ratio of 68.45 is fine compared to the rest of the industry. OGE outperforms 69.57% of its industry peers.
  • OGE has a Debt/Equity ratio of 1.14. This is a high value indicating a heavy dependency on external financing.
  • OGE has a Debt to Equity ratio of 1.14. This is in the better half of the industry: OGE outperforms 69.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 68.45
Altman-Z 1.4
ROIC/WACC0.7
WACC7.07%
OGE Yearly LT Debt VS Equity VS FCFOGE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

2.3 Liquidity

  • A Current Ratio of 0.78 indicates that OGE may have some problems paying its short term obligations.
  • OGE's Current ratio of 0.78 is in line compared to the rest of the industry. OGE outperforms 52.17% of its industry peers.
  • A Quick Ratio of 0.49 indicates that OGE may have some problems paying its short term obligations.
  • OGE's Quick ratio of 0.49 is on the low side compared to the rest of the industry. OGE is outperformed by 60.87% of its industry peers.
Industry RankSector Rank
Current Ratio 0.78
Quick Ratio 0.49
OGE Yearly Current Assets VS Current LiabilitesOGE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. OGE Growth Analysis

3.1 Past

  • OGE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.94%.
  • Measured over the past years, OGE shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.51% on average per year.
  • Looking at the last year, OGE shows a quite strong growth in Revenue. The Revenue has grown by 9.21% in the last year.
  • OGE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.96% yearly.
EPS 1Y (TTM)5.94%
EPS 3Y-11.17%
EPS 5Y-5.51%
EPS Q2Q%-32%
Revenue 1Y (TTM)9.21%
Revenue growth 3Y-1.15%
Revenue growth 5Y8.96%
Sales Q2Q%-4.56%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.14% on average over the next years.
  • OGE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.95% yearly.
EPS Next Y5.38%
EPS Next 2Y6.04%
EPS Next 3Y6.5%
EPS Next 5Y7.14%
Revenue Next Year4.34%
Revenue Next 2Y2.64%
Revenue Next 3Y4.39%
Revenue Next 5Y4.95%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
OGE Yearly Revenue VS EstimatesOGE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B 4B
OGE Yearly EPS VS EstimatesOGE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

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3

4. OGE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.07, OGE is valued on the expensive side.
  • OGE's Price/Earnings ratio is in line with the industry average.
  • OGE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.83.
  • Based on the Price/Forward Earnings ratio of 20.00, the valuation of OGE can be described as rather expensive.
  • OGE's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of OGE to the average of the S&P500 Index (24.95), we can say OGE is valued inline with the index average.
Industry RankSector Rank
PE 21.07
Fwd PE 20
OGE Price Earnings VS Forward Price EarningsOGE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • OGE's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, OGE is valued a bit cheaper than 69.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 124.59
EV/EBITDA 11.52
OGE Per share dataOGE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OGE does not grow enough to justify the current Price/Earnings ratio.
  • OGE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.92
PEG (5Y)N/A
EPS Next 2Y6.04%
EPS Next 3Y6.5%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. OGE Dividend Analysis

5.1 Amount

  • OGE has a Yearly Dividend Yield of 3.50%.
  • Compared to an average industry Dividend Yield of 3.14, OGE pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, OGE pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

  • The dividend of OGE has a limited annual growth rate of 1.30%.
  • OGE has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)1.3%
Div Incr Years0
Div Non Decr Years0
OGE Yearly Dividends per shareOGE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 72.64% of the earnings are spent on dividend by OGE. This is not a sustainable payout ratio.
  • The dividend of OGE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP72.64%
EPS Next 2Y6.04%
EPS Next 3Y6.5%
OGE Yearly Income VS Free CF VS DividendOGE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B
OGE Dividend Payout.OGE Dividend Payout, showing the Payout Ratio.OGE Dividend Payout.PayoutRetained Earnings

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OGE Fundamentals: All Metrics, Ratios and Statistics

OGE ENERGY CORP

NYSE:OGE (3/4/2026, 4:15:00 PM)

After market: 48.89 0 (0%)

48.89

+0.07 (+0.14%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryElectric Utilities
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners71.88%
Inst Owner Change7%
Ins Owners0.42%
Ins Owner Change4.81%
Market Cap10.30B
Revenue(TTM)3.26B
Net Income(TTM)470.70M
Analysts70
Price Target47.9 (-2.02%)
Short Float %4.33%
Short Ratio5.95
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
Yearly Dividend1.68
Dividend Growth(5Y)1.3%
DP72.64%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2.1%
Min EPS beat(2)-1.16%
Max EPS beat(2)5.36%
EPS beat(4)3
Avg EPS beat(4)7.17%
Min EPS beat(4)-1.16%
Max EPS beat(4)23.62%
EPS beat(8)5
Avg EPS beat(8)1.79%
EPS beat(12)8
Avg EPS beat(12)3.78%
EPS beat(16)11
Avg EPS beat(16)96.46%
Revenue beat(2)1
Avg Revenue beat(2)1.21%
Min Revenue beat(2)-12.33%
Max Revenue beat(2)14.76%
Revenue beat(4)3
Avg Revenue beat(4)2.56%
Min Revenue beat(4)-12.33%
Max Revenue beat(4)14.76%
Revenue beat(8)4
Avg Revenue beat(8)-2.34%
Revenue beat(12)4
Avg Revenue beat(12)-9.38%
Revenue beat(16)6
Avg Revenue beat(16)-2.33%
PT rev (1m)0.58%
PT rev (3m)-1.12%
EPS NQ rev (1m)-6.63%
EPS NQ rev (3m)-13.13%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 21.07
Fwd PE 20
P/S 3.16
P/FCF 124.59
P/OCF 9.06
P/B 2.07
P/tB 2.07
EV/EBITDA 11.52
EPS(TTM)2.32
EY4.75%
EPS(NY)2.44
Fwd EY5%
FCF(TTM)0.39
FCFY0.8%
OCF(TTM)5.4
OCFY11.04%
SpS15.47
BVpS23.62
TBVpS23.62
PEG (NY)3.92
PEG (5Y)N/A
Graham Number35.11
Profitability
Industry RankSector Rank
ROA 3.28%
ROE 9.46%
ROCE 6.02%
ROIC 4.97%
ROICexc 4.97%
ROICexgc 4.97%
OM 24.52%
PM (TTM) 14.44%
GM 61.35%
FCFM 2.54%
ROA(3y)3.25%
ROA(5y)4.18%
ROE(3y)9.4%
ROE(5y)12.29%
ROIC(3y)4.79%
ROIC(5y)4.66%
ROICexc(3y)4.79%
ROICexc(5y)4.67%
ROICexgc(3y)4.79%
ROICexgc(5y)4.67%
ROCE(3y)5.86%
ROCE(5y)5.67%
ROICexgc growth 3Y-1.13%
ROICexgc growth 5Y2.68%
ROICexc growth 3Y-1.13%
ROICexc growth 5Y2.68%
OM growth 3Y8.42%
OM growth 5Y-0.07%
PM growth 3Y-9.87%
PM growth 5YN/A
GM growth 3Y6.53%
GM growth 5Y-2.5%
F-Score6
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 1.14
Debt/FCF 68.45
Debt/EBITDA 4.17
Cap/Depr 188.35%
Cap/Sales 32.34%
Interest Coverage 2.98
Cash Conversion 83.66%
Profit Quality 17.57%
Current Ratio 0.78
Quick Ratio 0.49
Altman-Z 1.4
F-Score6
WACC7.07%
ROIC/WACC0.7
Cap/Depr(3y)207.71%
Cap/Depr(5y)207.66%
Cap/Sales(3y)37.65%
Cap/Sales(5y)33.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.94%
EPS 3Y-11.17%
EPS 5Y-5.51%
EPS Q2Q%-32%
EPS Next Y5.38%
EPS Next 2Y6.04%
EPS Next 3Y6.5%
EPS Next 5Y7.14%
Revenue 1Y (TTM)9.21%
Revenue growth 3Y-1.15%
Revenue growth 5Y8.96%
Sales Q2Q%-4.56%
Revenue Next Year4.34%
Revenue Next 2Y2.64%
Revenue Next 3Y4.39%
Revenue Next 5Y4.95%
EBIT growth 1Y7.26%
EBIT growth 3Y7.17%
EBIT growth 5Y8.89%
EBIT Next Year79%
EBIT Next 3Y27.8%
EBIT Next 5Y19.66%
FCF growth 1Y129.74%
FCF growth 3YN/A
FCF growth 5Y5.83%
OCF growth 1Y39.9%
OCF growth 3Y10.49%
OCF growth 5Y9.79%

OGE ENERGY CORP / OGE FAQ

Can you provide the ChartMill fundamental rating for OGE ENERGY CORP?

ChartMill assigns a fundamental rating of 4 / 10 to OGE.


What is the valuation status for OGE stock?

ChartMill assigns a valuation rating of 3 / 10 to OGE ENERGY CORP (OGE). This can be considered as Overvalued.


Can you provide the profitability details for OGE ENERGY CORP?

OGE ENERGY CORP (OGE) has a profitability rating of 6 / 10.


What is the financial health of OGE ENERGY CORP (OGE) stock?

The financial health rating of OGE ENERGY CORP (OGE) is 3 / 10.


Is the dividend of OGE ENERGY CORP sustainable?

The dividend rating of OGE ENERGY CORP (OGE) is 5 / 10 and the dividend payout ratio is 72.64%.