The PE ratio for Oneok stock stands at 16.38 as of Aug 14, 2026. This results from the current EPS of $5.8 and stock price of $94.99. An increase of 13% has been seen in the P/E ratio compared to the average of 14.5 of the last 4 quarters.
OKE PE ratio history
Over the last ten years, the average PE ratio of Oneok has been 21.72. The current 16.38 PE ratio is 25% 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 |
|---|---|---|---|---|
| 2025 | 13.54 | -29.99% | $73.5 | $5.43 |
| 2024 | 19.34 | 51.21% | $100.4 | $5.19 |
| 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 |
Oneok PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 14.99 | -6.95% | $86.94 | $5.8 |
| Mar 2026 | 16.11 | 18.98% | $90.39 | $5.61 |
| Dec 2025 | 13.54 | 1.12% | $73.5 | $5.43 |
| Sep 2025 | 13.39 | -15.68% | $72.97 | $5.45 |
| Jun 2025 | 15.88 | -17.89% | $81.63 | $5.14 |
| Mar 2025 | 19.34 | 0% | $99.22 | $5.13 |
| Dec 2024 | 19.34 | 0.16% | $100.4 | $5.19 |
| 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 |
OKE Price vs fair value
OKE average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, OKE's PE ratio is above the 3 and 5-year historical averages, but it is below the 10-year average.
PE comparison
With a P/E of 16.38, OKE is above the industry average but below the Energy sector and its peers average. But compared to its Energy sector average of 16.41, Oneok's P/E is only 0.2% lower.
OKE PE vs peers
Frequently asked questions
What is Oneok's PE ratio?
As of Aug 14, 2026, OKE stock has a price to earnings ratio of 16.38.
What is the 3-year average PE ratio for Oneok (OKE)?
The 3-year average PE ratio for OKE stock is 16.1.
What is the 5-year average PE ratio for Oneok (OKE)?
The 5-year average PE ratio for OKE stock is 16.0.
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 25% 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 (Aug 14, 2026), Oneok's stock price is $94.99. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $5.8. Therefore, Oneok's P/E ratio for today is 16.38. PE RATIO(16.38) = STOCK PRICE($94.99) / TTM EPS($5.8)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.