ONEOK INC (OKE) Fundamental Analysis & Valuation

NYSE:OKE • US6826801036

Current stock price

92.12 USD
+1.18 (+1.3%)
At close:
92 USD
-0.12 (-0.13%)
Pre-Market:

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

6

1. OKE Profitability Analysis

1.1 Basic Checks

  • In the past year OKE was profitable.
  • In the past year OKE had a positive cash flow from operations.
  • In the past 5 years OKE has always been profitable.
  • In the past 5 years OKE always reported a positive cash flow from operatings.
OKE Yearly Net Income VS EBIT VS OCF VS FCFOKE 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 2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.09%, OKE is in the better half of the industry, outperforming 64.11% of the companies in the same industry.
  • OKE has a Return On Equity of 15.09%. This is in the better half of the industry: OKE outperforms 76.56% of its industry peers.
  • OKE has a better Return On Invested Capital (7.28%) than 66.99% of its industry peers.
  • OKE had an Average Return On Invested Capital over the past 3 years of 7.24%. This is significantly below the industry average of 23.05%.
  • The last Return On Invested Capital (7.28%) for OKE is above the 3 year average (7.24%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.09%
ROE 15.09%
ROIC 7.28%
ROA(3y)5.28%
ROA(5y)5.85%
ROE(3y)16.34%
ROE(5y)20.09%
ROIC(3y)7.24%
ROIC(5y)8.22%
OKE Yearly ROA, ROE, ROICOKE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50 100 150

1.3 Margins

  • The Profit Margin of OKE (10.09%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of OKE has grown nicely.
  • OKE has a Operating Margin (17.31%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of OKE has declined.
  • OKE has a Gross Margin (30.50%) which is comparable to the rest of the industry.
  • OKE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 17.31%
PM (TTM) 10.09%
GM 30.5%
OM growth 3Y12.79%
OM growth 5Y-5.55%
PM growth 3Y9.48%
PM growth 5Y7.09%
GM growth 3Y15.1%
GM growth 5Y-5.36%
OKE Yearly Profit, Operating, Gross MarginsOKE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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1

2. OKE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), OKE is creating some value.
  • The number of shares outstanding for OKE has been increased compared to 1 year ago.
  • Compared to 5 years ago, OKE has more shares outstanding
  • Compared to 1 year ago, OKE has an improved debt to assets ratio.
OKE Yearly Shares OutstandingOKE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
OKE Yearly Total Debt VS Total AssetsOKE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • OKE has an Altman-Z score of 1.60. This is a bad value and indicates that OKE is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of OKE (1.60) is comparable to the rest of the industry.
  • The Debt to FCF ratio of OKE is 13.41, which is on the high side as it means it would take OKE, 13.41 years of fcf income to pay off all of its debts.
  • OKE's Debt to FCF ratio of 13.41 is in line compared to the rest of the industry. OKE outperforms 49.76% of its industry peers.
  • OKE has a Debt/Equity ratio of 1.40. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.40, OKE is doing worse than 71.29% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF 13.41
Altman-Z 1.6
ROIC/WACC1.01
WACC7.22%
OKE Yearly LT Debt VS Equity VS FCFOKE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.71 indicates that OKE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.71, OKE is not doing good in the industry: 73.21% of the companies in the same industry are doing better.
  • OKE has a Quick Ratio of 0.71. This is a bad value and indicates that OKE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.56, OKE is doing worse than 74.64% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.71
Quick Ratio 0.56
OKE Yearly Current Assets VS Current LiabilitesOKE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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5

3. OKE Growth Analysis

3.1 Past

  • OKE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.84%.
  • OKE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.37% yearly.
  • Looking at the last year, OKE shows a very strong growth in Revenue. The Revenue has grown by 54.99%.
  • Measured over the past years, OKE shows a very strong growth in Revenue. The Revenue has been growing by 31.53% on average per year.
EPS 1Y (TTM)4.84%
EPS 3Y11.6%
EPS 5Y16.37%
EPS Q2Q%-1.27%
Revenue 1Y (TTM)54.99%
Revenue growth 3Y14.53%
Revenue growth 5Y31.53%
Sales Q2Q%29.5%

3.2 Future

  • Based on estimates for the next years, OKE will show a small growth in Earnings Per Share. The EPS will grow by 6.85% on average per year.
  • Based on estimates for the next years, OKE will show a small growth in Revenue. The Revenue will grow by 0.93% on average per year.
EPS Next Y6.41%
EPS Next 2Y6.78%
EPS Next 3Y7.93%
EPS Next 5Y6.85%
Revenue Next Year-1.64%
Revenue Next 2Y1.44%
Revenue Next 3Y0.12%
Revenue Next 5Y0.93%

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 decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
OKE Yearly Revenue VS EstimatesOKE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B
OKE Yearly EPS VS EstimatesOKE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8

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4

4. OKE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.00, which indicates a correct valuation of OKE.
  • OKE's Price/Earnings ratio is a bit cheaper when compared to the industry. OKE is cheaper than 60.77% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of OKE to the average of the S&P500 Index (25.61), we can say OKE is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 15.97 indicates a correct valuation of OKE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of OKE indicates a somewhat cheap valuation: OKE is cheaper than 65.55% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, OKE is valued a bit cheaper.
Industry RankSector Rank
PE 17
Fwd PE 15.97
OKE Price Earnings VS Forward Price EarningsOKE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as OKE.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as OKE.
Industry RankSector Rank
P/FCF 23.71
EV/EBITDA 12.26
OKE Per share dataOKE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates OKE does not grow enough to justify the current Price/Earnings ratio.
  • OKE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.65
PEG (5Y)1.04
EPS Next 2Y6.78%
EPS Next 3Y7.93%

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

8

5. OKE Dividend Analysis

5.1 Amount

  • OKE has a Yearly Dividend Yield of 4.84%, which is a nice return.
  • OKE's Dividend Yield is a higher than the industry average which is at 3.29.
  • Compared to an average S&P500 Dividend Yield of 1.89, OKE pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.84%

5.2 History

  • The dividend of OKE has a limited annual growth rate of 2.62%.
  • OKE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • OKE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.62%
Div Incr Years2
Div Non Decr Years34
OKE Yearly Dividends per shareOKE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • OKE pays out 76.13% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of OKE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP76.13%
EPS Next 2Y6.78%
EPS Next 3Y7.93%
OKE Yearly Income VS Free CF VS DividendOKE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B
OKE Dividend Payout.OKE Dividend Payout, showing the Payout Ratio.OKE Dividend Payout.PayoutRetained Earnings

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OKE Fundamentals: All Metrics, Ratios and Statistics

ONEOK INC

NYSE:OKE (3/25/2026, 8:04:00 PM)

Premarket: 92 -0.12 (-0.13%)

92.12

+1.18 (+1.3%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-23
Earnings (Next)04-27
Inst Owners79%
Inst Owner Change3.17%
Ins Owners0.17%
Ins Owner Change0.97%
Market Cap58.02B
Revenue(TTM)33.63B
Net Income(TTM)3.39B
Analysts74.07
Price Target89.67 (-2.66%)
Short Float %4.18%
Short Ratio5.44
Dividend
Industry RankSector Rank
Dividend Yield 4.84%
Yearly Dividend4.26
Dividend Growth(5Y)2.62%
DP76.13%
Div Incr Years2
Div Non Decr Years34
Ex-Date02-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.47%
Min EPS beat(2)1.03%
Max EPS beat(2)1.9%
EPS beat(4)2
Avg EPS beat(4)-3.77%
Min EPS beat(4)-17.53%
Max EPS beat(4)1.9%
EPS beat(8)4
Avg EPS beat(8)-1.64%
EPS beat(12)5
Avg EPS beat(12)-6.16%
EPS beat(16)8
Avg EPS beat(16)-3.8%
Revenue beat(2)1
Avg Revenue beat(2)-0.02%
Min Revenue beat(2)-0.26%
Max Revenue beat(2)0.22%
Revenue beat(4)3
Avg Revenue beat(4)1.23%
Min Revenue beat(4)-0.26%
Max Revenue beat(4)3.39%
Revenue beat(8)4
Avg Revenue beat(8)-6.86%
Revenue beat(12)4
Avg Revenue beat(12)-11.18%
Revenue beat(16)6
Avg Revenue beat(16)-8.31%
PT rev (1m)0.4%
PT rev (3m)-0.94%
EPS NQ rev (1m)-6.37%
EPS NQ rev (3m)-6.84%
EPS NY rev (1m)-2.5%
EPS NY rev (3m)-4.36%
Revenue NQ rev (1m)-6.8%
Revenue NQ rev (3m)-6.76%
Revenue NY rev (1m)-8.66%
Revenue NY rev (3m)-7.1%
Valuation
Industry RankSector Rank
PE 17
Fwd PE 15.97
P/S 1.73
P/FCF 23.71
P/OCF 10.36
P/B 2.58
P/tB 5.03
EV/EBITDA 12.26
EPS(TTM)5.42
EY5.88%
EPS(NY)5.77
Fwd EY6.26%
FCF(TTM)3.89
FCFY4.22%
OCF(TTM)8.89
OCFY9.65%
SpS53.4
BVpS35.7
TBVpS18.3
PEG (NY)2.65
PEG (5Y)1.04
Graham Number65.98
Profitability
Industry RankSector Rank
ROA 5.09%
ROE 15.09%
ROCE 9.66%
ROIC 7.28%
ROICexc 7.29%
ROICexgc 8.89%
OM 17.31%
PM (TTM) 10.09%
GM 30.5%
FCFM 7.28%
ROA(3y)5.28%
ROA(5y)5.85%
ROE(3y)16.34%
ROE(5y)20.09%
ROIC(3y)7.24%
ROIC(5y)8.22%
ROICexc(3y)7.29%
ROICexc(5y)8.29%
ROICexgc(3y)8.83%
ROICexgc(5y)9.35%
ROCE(3y)9.52%
ROCE(5y)10.78%
ROICexgc growth 3Y-4.3%
ROICexgc growth 5Y3.86%
ROICexc growth 3Y-9.32%
ROICexc growth 5Y0.57%
OM growth 3Y12.79%
OM growth 5Y-5.55%
PM growth 3Y9.48%
PM growth 5Y7.09%
GM growth 3Y15.1%
GM growth 5Y-5.36%
F-Score7
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF 13.41
Debt/EBITDA 4.3
Cap/Depr 208.19%
Cap/Sales 9.37%
Interest Coverage 3.36
Cash Conversion 76.32%
Profit Quality 72.12%
Current Ratio 0.71
Quick Ratio 0.56
Altman-Z 1.6
F-Score7
WACC7.22%
ROIC/WACC1.01
Cap/Depr(3y)197.94%
Cap/Depr(5y)179.58%
Cap/Sales(3y)9.24%
Cap/Sales(5y)7.46%
Profit Quality(3y)90.98%
Profit Quality(5y)99.07%
High Growth Momentum
Growth
EPS 1Y (TTM)4.84%
EPS 3Y11.6%
EPS 5Y16.37%
EPS Q2Q%-1.27%
EPS Next Y6.41%
EPS Next 2Y6.78%
EPS Next 3Y7.93%
EPS Next 5Y6.85%
Revenue 1Y (TTM)54.99%
Revenue growth 3Y14.53%
Revenue growth 5Y31.53%
Sales Q2Q%29.5%
Revenue Next Year-1.64%
Revenue Next 2Y1.44%
Revenue Next 3Y0.12%
Revenue Next 5Y0.93%
EBIT growth 1Y15.17%
EBIT growth 3Y29.17%
EBIT growth 5Y24.24%
EBIT Next Year38.81%
EBIT Next 3Y14.53%
EBIT Next 5Y9.43%
FCF growth 1Y-14.65%
FCF growth 3Y12.82%
FCF growth 5YN/A
OCF growth 1Y14.55%
OCF growth 3Y24.43%
OCF growth 5Y24.14%

ONEOK INC / OKE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ONEOK INC (OKE) stock?

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


What is the valuation status for OKE stock?

ChartMill assigns a valuation rating of 4 / 10 to ONEOK INC (OKE). This can be considered as Fairly Valued.


Can you provide the profitability details for ONEOK INC?

ONEOK INC (OKE) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for OKE stock?

The Price/Earnings (PE) ratio for ONEOK INC (OKE) is 17 and the Price/Book (PB) ratio is 2.58.


Is the dividend of ONEOK INC sustainable?

The dividend rating of ONEOK INC (OKE) is 8 / 10 and the dividend payout ratio is 76.13%.