Oneok (OKE) has a P/E ratio of 16.06, below the Energy sector average of 20.59.
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The P/E ratio compares a company's stock price to its earnings per share. A lower P/E ratio may indicate that the stock is undervalued.
The latest P/E ratio for OKE is 16.06. That is below the Energy sector average of 20.59. Investors often review this figure alongside Oneok's historical trend and sector peers before judging valuation or financial health.
Against Energy companies, OKE currently prints 16.06 for P/E ratio, while the sector average sits near 20.59. That is roughly 22.0% below the sector mean. Large gaps often invite a closer look at Oneok's growth, margins, and balance sheet.
A P/E ratio of 16.06 for Oneok is not 'good' or 'bad' on its own. Compare it with the peer average (20.59) and with OKE's multi-year chart on this page. Persistently elevated multiples need growth or quality to justify them; depressed multiples need a catalyst or evidence the business is misunderstood.
After noting OKE's P/E ratio (16.06), review year-over-year change, peer averages, and a few neighboring metrics such as revenue, margins, or valuation multiples. That combination usually beats staring at a single figure. The navigation links on this page jump you to those related views.
This page's peer comparison chart is the fastest way to stack Oneok's P/E ratio against similar Energy names. You can also browse sector and industry screens on Stockcircle for a broader set of Energy companies and their key multiples and fundamentals.