ONEOK price to free cash flow OKE

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 20.8×
10-year median: 18.9×
Against its 10-year history: 55th; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.5× to 69.1×
Peer median: 20.0×

ONEOK's price to free cash flow is 20.8× as of Oct 23, 2026.

That is above its ten-year median of 18.9×, close to the middle of its last ten years.

Over that time it ranged from 10.5× in May 2023 to 69.1× in Feb 2019.

The median for 10 oil and gas pipeline stocks of a similar size is 20.0×.

Price to free cash flow over time

median 18.9×

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

Year	End of year	Low	High
2026 so far	20.8×	15.7×	26.4×
2025	15.7×	14.4×	23.4×
2024	21.6×	15.0×	25.1×
2023	15.5×	10.5×	17.8×
2022	16.1×	12.8×	18.9×
2021	17.2×	16.9×	43.6×
2020	n/m a value too high to mean anything
2019	69.1×	57.6×	69.1×
2018	53.9×	23.1×	64.2×
2017	22.7×	12.2×	25.2×
2016	25.0×	20.3×	64.7×
2015	n/m a value too high to mean anything
2014	n/m a value too high to mean anything
2013	n/m a value too high to mean anything
2012	325×	305×	498×
2011	498×	12.7×	498×
2010	12.6×	6.5×	12.6×

Against its peers

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

Company	Price to free cash flow
OKEONEOK	20.8×
MPLXMPLX Lp	18.0×
LNGCheniere Energy	22.1×
TRGPTarga Resources	87.5×
ETEnergy Transfer	13.2×
KMIKinder Morgan	24.3×
EPDEnterprise Products Partners	23.1×
WMBWilliams Companies	n/m
VGVenture Global	n/m
CQPCheniere Energy Partners	11.5×
WESWestern Midstream Partners	15.3×
Peer median	20.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on ONEOK

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.