Stock AnalizONEOK Inc. OKE
Oil & Gas Production · data as of November 13, 2026
ONEOK Inc. (OKE) is a utility company listed in the US with a market value of about $56.6B. In the twelve months to September 30, 2026 it had revenue of $43.2B and net income of $4.1B, a net margin of 9.4%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is future growth (4/5); the weakest is financial health (1/5).
Key numbers: a P/E of 13.9, a price to free cash flow of 22.4, 5-year revenue growth of 32% a year, a 5-year average ROIC of 9%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 33% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
Checks not passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 5-year average ROIC above 12%
- More cash than debt, or low debt to equity
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
- Liabilities below 60% of assets
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.2B | $33.6B | $21.7B | $17.7B | $22.4B | $16.5B | $8.5B | $10.2B | $12.6B | $12.2B | $8.9B |
| Net income | $4.1B | $3.4B | $3.0B | $2.7B | $1.7B | $1.5B | $613M | $1.3B | $1.2B | $388M | $352M |
| Free cash flow | $2.5B | $2.4B | $2.9B | $2.8B | $1.7B | $1.8B | -$296M | -$1.9B | $45M | $803M | $729M |
| EPS (diluted) | $6.44 | $5.42 | $5.17 | $5.48 | $3.84 | $3.35 | $1.42 | $3.07 | $2.78 | $1.29 | $1.66 |
| Net margin | 9.4% | 10.1% | 14.0% | 15.0% | 7.7% | 9.1% | 7.2% | 12.6% | 9.2% | 3.2% | 4.0% |
| ROIC | — | 8.1% | 7.6% | 8.1% | 10.6% | 9.9% | 5.1% | 7.9% | 8.7% | 5.7% | 11.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $102.33, 14% above the current price; targets range from $93.00 to $112.00; the consensus rating is “Buy”; expected EPS is $6.39 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is ONEOK’s P/E ratio?
About 13.9, based on the last twelve months of diluted earnings per share (forward P/E about 15.0).
Is ONEOK stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 33% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does ONEOK pay a dividend?
Yes. The dividend yield is about 4.85%, and it has paid dividends for 10 years in our data.
Is ONEOK a good stock to buy?
We do not give buy or sell advice. ONEOK scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.