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ONEOK price to book ratio OKE

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.6×
10-year median
3.9×
Against its 10-year history
24th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.4× to 63.0×
Peer median
4.3×

ONEOK's price to book ratio is 2.6× as of Oct 23, 2026.

That is below its ten-year median of 3.9×, lower than on 76% of days in the last ten years.

Over that time it ranged from 1.4× in Mar 2020 to 63.0× in Mar 2017.

The median for 10 oil and gas pipeline stocks of a similar size is 4.3×.

Price to book ratio 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 far2.6×2.1×2.7×
20252.1×1.9×3.8×
20243.5×2.4×4.0×
20232.5×2.3×5.0×
20224.7×3.7×5.4×
20214.5×2.9×4.9×
20202.8×1.4×5.1×
20195.0×3.5×5.0×
20183.3×3.3×4.4×
20173.8×3.6×63.0×
201656.4×10.2×57.7×
201512.5×9.6×18.0×
201416.7×5.1×24.0×
20135.0×3.4×5.0×
20123.6×3.2×4.2×
20113.6×2.2×3.6×
20102.1×1.7×2.1×
20091.9×1.4×1.9×

Against its peers

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

CompanyPrice to book ratio
OKEONEOK2.6×
MPLXMPLX Lp4.3×
LNGCheniere Energy10.0×
TRGPTarga Resources17.7×
ETEnergy Transfer2.0×
KMIKinder Morgan2.4×
EPDEnterprise Products Partners2.6×
WMBWilliams Companies6.6×
VGVenture Global4.1×
CQPCheniere Energy Partners42.5×
WESWestern Midstream Partners4.4×
Peer median4.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on ONEOK

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