Oneok
OKE
#408
Rank
$45.93 B
Marketcap
$78.70
Share price
-0.81%
Change (1 day)
17.87%
Change (1 year)
Oneok is an American pipeline operator that operates in the midstream business - the long-distance transport and processing of gas products.

P/E ratio for Oneok (OKE)

P/E ratio as of April 2024 (TTM): 14.5

According to Oneok's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.5311. At the end of 2022 the company had a P/E ratio of 17.1.

P/E ratio history for Oneok from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202217.1-2.13%
202117.4-36.85%
202027.612.75%
201924.527.1%
201819.3-54.22%
201742.123.16%
201634.262.13%
201521.1-36.5%
201433.2-21.34%
201342.297.32%
201221.4-3.63%
201122.243.49%
201015.515.34%
200913.457.26%
20088.53-38.87%
200713.92.35%
200613.6219.17%
20054.27-58.98%
200410.4-18.14%
200312.75.92%
200212.0-37.35%
200119.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
19.6 34.55%๐Ÿ‡บ๐Ÿ‡ธ USA
17.5 20.34%๐Ÿ‡บ๐Ÿ‡ธ USA
13.0-10.51%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.63-124.96%๐Ÿ‡บ๐Ÿ‡ธ USA
-22.2-252.76%๐Ÿ‡บ๐Ÿ‡ธ USA
117 704.16%๐Ÿ‡ธ๐Ÿ‡ฌ Singapore
10.4-28.73%๐Ÿ‡บ๐Ÿ‡ธ USA
4.65-68.03%๐Ÿ‡บ๐Ÿ‡ธ 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.