P/E ratio for Oneok (OKE)
P/E ratio as of April 2024 (TTM): 14.9
According to Oneok's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.8663. 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 |
|---|---|---|
| 2022 | 17.1 | -2.13% |
| 2021 | 17.4 | -36.85% |
| 2020 | 27.6 | 12.75% |
| 2019 | 24.5 | 27.1% |
| 2018 | 19.3 | -54.22% |
| 2017 | 42.1 | 23.16% |
| 2016 | 34.2 | 62.13% |
| 2015 | 21.1 | -36.5% |
| 2014 | 33.2 | -21.34% |
| 2013 | 42.2 | 97.32% |
| 2012 | 21.4 | -3.63% |
| 2011 | 22.2 | 43.49% |
| 2010 | 15.5 | 15.34% |
| 2009 | 13.4 | 57.26% |
| 2008 | 8.53 | -38.87% |
| 2007 | 13.9 | 2.35% |
| 2006 | 13.6 | 219.17% |
| 2005 | 4.27 | -58.98% |
| 2004 | 10.4 | -18.14% |
| 2003 | 12.7 | 5.92% |
| 2002 | 12.0 | -37.35% |
| 2001 | 19.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Atmos Energy ATO | 20.0 | 34.57% | 🇺🇸 USA |
 Sempra Energy SRE | 18.0 | 21.32% | 🇺🇸 USA |
 Western Midstream
WES | 13.2 | -11.21% | 🇺🇸 USA |
 UGI Corporation
UGI | -3.84 | -125.82% | 🇺🇸 USA |
 Southwest Gas
SWX | -22.8 | -253.48% | 🇺🇸 USA |
 Sea (Garena) SE | 132 | 789.69% | 🇸🇬 Singapore |
 National Fuel Gas
NFG | 10.4 | -30.19% | 🇺🇸 USA |
 EQT Corporation
EQT | 5.04 | -66.09% | 🇺🇸 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.