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ONEOK forward PE OKE

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
16.1×
10-year median
15.9×
Against its 10-year history
52nd
percentile: 0 is its lowest day, 100 its highest
10-year range
7.8× to 31.2×
Peer median
14.7×

ONEOK's forward PE is 16.1× as of Oct 23, 2026.

That is above its ten-year median of 15.9×, close to the middle of its last ten years.

Over that time it ranged from 7.8× in Mar 2020 to 31.2× in Dec 2016.

The median for 10 oil and gas pipeline stocks of a similar size is 14.7×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far16.1×12.6×16.3×
202512.6×11.6×19.8×
202418.3×14.3×21.3×
202314.7×10.9×15.1×
202212.4×9.9×19.2×
202116.1×12.9×18.6×
202012.4×7.8×28.8×
201928.2×19.3×28.2×
201818.0×18.0×25.3×
201722.1×20.9×30.8×
201630.5×11.1×31.2×
201513.6×10.5×32.8×
201432.8×26.5×45.5×
201326.3×21.5×28.1×
201223.5×17.9×26.9×
201119.2×14.3×19.2×
201014.3×12.2×17.7×
200915.7×7.0×15.7×
200810.9×9.0×18.9×
200713.7×13.6×17.5×

Against its peers

Companies in Oil & Gas Midstream nearest ONEOK's size, closest first, today.

CompanyForward PE
OKEONEOK16.1×
MPLXMPLX Lp12.9×
LNGCheniere Energy16.6×
TRGPTarga Resources26.6×
ETEnergy Transfer12.3×
KMIKinder Morgan23.3×
EPDEnterprise Products Partners12.2×
WMBWilliams Companies29.5×
VGVenture Global8.2×
CQPCheniere Energy Partners14.7×
WESWestern Midstream Partnersn/m
Peer median14.7×

Where ONEOK ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on ONEOK

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.