Oneok (OKE) fundamentals: P/E, valuation, undervalued?
Oneok · Energy · ref. ETF XLE · price $94.72
In short — Oneok trades at 16.4× earnings (P/E), 15.1× forward, with a net margin of 9.3 % and revenue growth of +53 %. Read: Fairly valued (P/E 15 in line with ~14% growth (PEG 1.1)).
Is Oneok stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$94.72+24.8% over range
Aug 28, 25low $64.31 · high $97.07Aug 27, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
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Hold
27% recommend buying · 11 analysts
Valuation : Fairly valued — P/E 15 in line with ~14% growth (PEG 1.1)
Valuation
16.4
P/E (price/earnings)
15.1
Forward P/E
1.15
PEG
2.6
Price/book (P/B)
$59.7B
Market cap
5.78
EPS
Profitability & growth
9.3 %
Net margin
+53 %
Revenue growth
+14 %
Earnings growth
$33.0B
Total debt
Oneok income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $22.4B | $1.7B | 7.7 % |
| 2023 | $17.7B | $2.7B | 15.0 % |
| 2024 | $21.7B | $3.0B | 14.0 % |
| 2025 | $33.6B | $3.4B | 10.1 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Oneok's P/E and is the stock undervalued? What's a good P/E?
Oneok's P/E is 16.4 (forward 15.1). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Fairly valued".
Is Oneok profitable?
Oneok has a net margin of 9.3 % (EPS 5.78). The company is profitable.
Is OKE stock expensive?
Our read: "Fairly valued" — P/E 15 in line with ~14% growth (PEG 1.1). Cross-check with growth and sector.
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