P/E ratio for Oneok (OKE)
P/E ratio as of June 2023 (TTM): 11.5
According to Oneok's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.5225. At the end of 2016 the company had a P/E ratio of 34.2.
P/E ratio history for Oneok from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2016 | 34.2 | 62.13% |
| 2015 | 21.1 | -36.5% |
| 2014 | 33.2 | -21.07% |
| 2013 | 42.1 | 96.64% |
| 2012 | 21.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Atmos Energy ATO | 19.6 | 70.43% | 🇺🇸 USA |
 Sempra Energy SRE | 18.6 | 61.03% | 🇺🇸 USA |
 Western Midstream
WES | 9.38 | -18.60% | 🇺🇸 USA |
 UGI Corporation
UGI | -9.69 | -184.10% | 🇺🇸 USA |
 Southwest Gas
SWX | -20.8 | -280.38% | 🇺🇸 USA |
 Sea (Garena) SE | -20.2 | -275.12% | 🇸🇬 Singapore |
 National Fuel Gas
NFG | 8.33 | -27.74% | 🇺🇸 USA |
 EQT Corporation
EQT | 2.98 | -74.15% | 🇺🇸 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.