P/E ratio for Oneok (OKE)

P/E ratio history for Oneok from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Atmos Energy ATO	25.2	21.43%	🇺🇸 USA
Sempra Energy SRE	23.5	13.46%	🇺🇸 USA
National Fuel Gas NFG	11.9	-42.67%	🇺🇸 USA
Western Midstream WES	13.8	-33.59%	🇺🇸 USA
Sea (Garena) SE	240	1,058.82%	🇸🇬 Singapore
UGI Corporation UGI	-3.67	-117.72%	🇺🇸 USA
Southwest Gas SWX	-23.2	-211.84%	🇺🇸 USA
EQT Corporation EQT	5.77	-72.17%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.