OKE Oneok PE ratio, current and historical analysis
The PE ratio for Oneok stock stands at 20.78 as of Feb 21, 2025. This results from the current EPS of $4.72 and stock price of $98.1. An increase of 20% has been seen in the P/E ratio compared to the average of 17.3 of the last 4 quarters.
OKE PE ratio history
Over the last ten years, the average PE ratio of Oneok has been 23.64. The current 20.78 PE ratio is 12% below the historical average. Over the past ten years, OKE's PE ratio was at its highest in the Dec 2017 quarter at 41.12, with a price of $53.45 and an EPS of $1.3. The Mar 2020 quarter recorded the bottom point at 11.3, with a price of $21.81 and an EPS of $1.93.
Oneok PE ratio by year
Maximum annual increase: 97.3% in 2013
Maximum annual decrease: -53.14% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2023 | 12.79 | -25.03% | $70.22 | $5.49 |
| 2022 | 17.06 | -2.46% | $65.7 | $3.85 |
| 2021 | 17.49 | -35.29% | $58.76 | $3.36 |
| 2020 | 27.03 | 10.37% | $38.38 | $1.42 |
| 2019 | 24.49 | 27.09% | $75.67 | $3.09 |
| 2018 | 19.27 | -53.14% | $53.95 | $2.8 |
| 2017 | 41.12 | 19.6% | $53.45 | $1.3 |
| 2016 | 34.38 | 63.09% | $57.41 | $1.67 |
| 2015 | 21.08 | -36.49% | $24.66 | $1.17 |
| 2014 | 33.19 | -31.14% | $49.79 | $1.5 |
| 2013 | 48.2 | 97.3% | $62.18 | $1.29 |
| 2012 | 24.43 | -3.06% | $42.75 | $1.75 |
| 2011 | 25.2 | 42.61% | $43.35 | $1.72 |
| 2010 | 17.67 | 14.96% | $27.74 | $1.57 |
| 2009 | 15.37 | 58.29% | $22.29 | $1.45 |
Oneok PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2024 | 19.31 | 7.28% | $91.13 | $4.72 |
| Jun 2024 | 18 | -4.81% | $81.55 | $4.53 |
| Mar 2024 | 18.91 | 47.85% | $80.17 | $4.24 |
| Dec 2023 | 12.79 | 10.07% | $70.22 | $5.49 |
| Sep 2023 | 11.62 | 2.2% | $63.43 | $5.46 |
| Jun 2023 | 11.37 | -4.77% | $61.72 | $5.43 |
| Mar 2023 | 11.94 | -30.01% | $63.54 | $5.32 |
| Dec 2022 | 17.06 | 20.23% | $65.7 | $3.85 |
| Sep 2022 | 14.19 | -9.73% | $51.24 | $3.61 |
| Jun 2022 | 15.72 | -25% | $55.5 | $3.53 |
| Mar 2022 | 20.96 | 19.84% | $70.63 | $3.37 |
| Dec 2021 | 17.49 | -2.56% | $58.76 | $3.36 |
| Sep 2021 | 17.95 | -1.59% | $57.99 | $3.23 |
| Jun 2021 | 18.24 | -6.37% | $55.64 | $3.05 |
| Mar 2021 | 19.48 | -27.93% | $50.66 | $2.6 |
OKE average PE ratio chart
Currently, OKE's PE ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
OKE PE vs peers
OKE's PE ratio is lower than its peer stocks SE and EQT, but it is greater than SRE's and WES's. Oneok's current PE ratio of 20.78 is above the average of its peers, which is 18.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WES Western Midstream Partners LP | 10.49 | $15.65B |
| UGI Ugi Corp | 12.91 | $7.1B |
| SRE Sempra Energy | 19.02 | $55.17B |
| OKE Oneok Inc | 20.78 | $57.31B |
| ATO Atmos Energy Corp | 21.41 | $23.79B |
| SWX Southwest Gas Holdings Inc | 30.76 | $5.52B |
| EQT EQT Corp | 111.64 | $30.02B |
| SE Sea Ltd | 750.71 | $73.16B |
| NFG National Fuel Gas Co | N/A | $6.59B |
Frequently asked questions
What is Oneok's PE ratio?
As of Feb 21, 2025, OKE stock has a price to earnings ratio of 20.78.
What is the 3-year average PE ratio for Oneok (OKE)?
The 3-year average PE ratio for OKE stock is 15.62.
What is the 5-year average PE ratio for Oneok (OKE)?
The 5-year average PE ratio for OKE stock is 17.02.
What is the highest PE ratio for OKE?
Over the last ten years, the quarterly PE ratio reached a historic high of 41.12 in the Dec 2017 quarter.
How does the current PE ratio for OKE compare to its historical average?
OKE's price to earnings ratio is currently 12% below its 10-year historical average.
How is OKE's PE ratio calculated (Oneok PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Feb 21, 2025), Oneok's stock price is $98.1. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $4.72. Therefore, Oneok's P/E ratio for today is 20.78. PE RATIO(20.78) = STOCK PRICE($98.1) / TTM EPS($4.72)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.