OKE Valuation

ONEOK Inc

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76.380

+0.49(0.646%)1D

Overview
Forecast
Valuation
Earnings

OKE Relative Valuation

OKE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, OKE is overvalued; if below, it's undervalued.

Historical Valuation

ONEOK Inc (OKE) is now in the Undervalued zone, suggesting that its current forward PE ratio of 12.67 is considered Undervalued compared with the five-year average of 14.63. The fair price of ONEOK Inc (OKE) is between 80.13 to 98.82 according to relative valuation methord. Compared to the current price of 75.89 USD , ONEOK Inc is Undervalued By 5.29%.

Relative Value

Fair Zone

80.13-98.82

Current Price：75.89

5.29%

Undervalued

12.67

Trailing

Forward

9.29

EV/EBITDA

ONEOK Inc. (OKE) has a current EV/EBITDA of 9.29. The 5-year average EV/EBITDA is 10.29. The thresholds are as follows: Strongly Undervalued below 8.06, Undervalued between 8.06 and 9.17, Fairly Valued between 11.41 and 9.17, Overvalued between 11.41 and 12.52, and Strongly Overvalued above 12.52. The current Forward EV/EBITDA of 9.29 falls within the Historic Trend Line -Fairly Valued range.

12.27

EV/EBIT

ONEOK Inc. (OKE) has a current EV/EBIT of 12.27. The 5-year average EV/EBIT is 13.33. The thresholds are as follows: Strongly Undervalued below 10.06, Undervalued between 10.06 and 11.69, Fairly Valued between 14.96 and 11.69, Overvalued between 14.96 and 16.60, and Strongly Overvalued above 16.60. The current Forward EV/EBIT of 12.27 falls within the Historic Trend Line -Fairly Valued range.

1.31

ONEOK Inc. (OKE) has a current PS of 1.31. The 5-year average PS is 1.54. The thresholds are as follows: Strongly Undervalued below 0.83, Undervalued between 0.83 and 1.18, Fairly Valued between 1.89 and 1.18, Overvalued between 1.89 and 2.25, and Strongly Overvalued above 2.25. The current Forward PS of 1.31 falls within the Historic Trend Line -Fairly Valued range.

6.79

P/OCF

ONEOK Inc. (OKE) has a current P/OCF of 6.79. The 5-year average P/OCF is 8.55. The thresholds are as follows: Strongly Undervalued below 5.99, Undervalued between 5.99 and 7.27, Fairly Valued between 9.83 and 7.27, Overvalued between 9.83 and 11.11, and Strongly Overvalued above 11.11. The current Forward P/OCF of 6.79 falls within the Undervalued range.

11.98

P/FCF

ONEOK Inc. (OKE) has a current P/FCF of 11.98. The 5-year average P/FCF is 13.51. The thresholds are as follows: Strongly Undervalued below 8.51, Undervalued between 8.51 and 11.01, Fairly Valued between 16.01 and 11.01, Overvalued between 16.01 and 18.51, and Strongly Overvalued above 18.51. The current Forward P/FCF of 11.98 falls within the Historic Trend Line -Fairly Valued range.

ONEOK Inc (OKE) has a current Price-to-Book (P/B) ratio of 2.19. Compared to its 3-year average P/B ratio of 3.36 , the current P/B ratio is approximately -34.77% higher. Relative to its 5-year average P/B ratio of 3.59, the current P/B ratio is about -39.05% higher. ONEOK Inc (OKE) has a Forward Free Cash Flow (FCF) yield of approximately 6.10%. Compared to its 3-year average FCF yield of 6.11%, the current FCF yield is approximately -0.12% lower. Relative to its 5-year average FCF yield of 4.35% , the current FCF yield is about 40.08% lower.

2.19

P/B

Median3y

3.36

Median5y

3.59

6.10

FCF Yield

Median3y

6.11

Median5y

4.35

Competitors Valuation Multiple

The average P/S ratio for OKE's competitors is 2.30, providing a benchmark for relative valuation. ONEOK Inc Corp (OKE) exhibits a P/S ratio of 1.31, which is -43.29% above the industry average. Given its robust revenue growth of 61.16%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of OKE decreased by 14.54% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 4.89B to 7.89B.

The secondary factor is the Margin Expansion, contributed -32.12%to the performance.

Overall, the performance of OKE in the past 1 year is driven by Revenue Growth. Which is more sustainable.

61.16%

4.89B → 7.89B

Revenue Growth

-32.12%

15.94 → 10.82

Margin Expansion

-43.58%

26.44 → 14.92

P/E Change

-14.54%