OKE

NYSE

ONEOK INC /NEW/

Energy, Oil & Gas Storage & Transportation

$86.42

close 7 Aug 2026

+17.34%

52-week change

$54.48B

market cap

$64.02

$96.07

52-week range

Expected price

$86.37 – $105.57

Current price

$86.42

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)14.90x

P/S (TTM)1.38x

P/B2.38x

EV/EBITDA (TTM)11.23x

FCF yield (TTM)5.33%

PEG (TTM, GAAP)1.22

Context

P/E, own 5-year average16.65x

P/E, sector median15.54x*

Price at 5-year median P/E$96.74*

Indicated dividend yield4.95%

Forward — analyst consensus

Forward P/E (FY2026)14.89x*

Forward P/E (FY2027)13.85x

Forward PEG1.99*

Consensus EPS FY2026 (9 analysts)$5.81

EPS growth (FY2026→FY2027)7.47%

Revenue growth (FY2026)23.31%

Street view

Price target (mean)$96.29*

Target upside11.42%

Ratings (buy / hold / sell)11 / 12 / 0

FY2026 EPS revisions, 30d (up / down)3 / 6

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$86.42

Cash & equivalents$161.00M

Total debt$31.52B

Shares outstanding630.36M

Result

DCF price per share$214.23

Current price$86.42

Margin of safety+147.90%

PV of years 1–10$46.24B

PV of terminal value$120.17B

Equity value$135.04B

Market-implied growth+8.40%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$3.40B	$3.98B	$4.65B	$5.44B	$6.36B	$7.44B	$8.70B	$10.18B	$11.90B	$13.92B	$259.44B
PV	$3.15B	$3.41B	$3.69B	$4.00B	$4.33B	$4.69B	$5.08B	$5.50B	$5.95B	$6.45B	$120.17B

period to 30 Jun 2026, filed 4 Aug 2026, close 7 Aug 2026