ONEOK, Inc.

BMV:OKE * Stock Report

Market Cap: Mex$820.1b

ONEOK Valuation

Is OKE * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OKE * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OKE * (MX$1267.43) is trading below our estimate of fair value (MX$1990.42)

Significantly Below Fair Value: OKE * is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OKE *?

Key metric: As OKE * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OKE *. This is calculated by dividing OKE *'s market cap by their current earnings.
What is OKE *'s PE Ratio?
PE Ratio13.7x
EarningsUS$3.34b
Market CapUS$45.84b

Price to Earnings Ratio vs Peers

How does OKE *'s PE Ratio compare to its peers?

The above table shows the PE ratio for OKE * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.9x
VISTA A Vista Energy. de
6.9x1.79%Mex$89.2b
MPLX MPLX
11.4x3.18%US$54.9b
TRP TC Energy
20.5x5.49%CA$76.3b
ET Energy Transfer
12.9x12.06%US$55.8b
OKE * ONEOK
13.7x7.46%Mex$45.8b

Price-To-Earnings vs Peers: OKE * is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (12.9x).

Price to Earnings Ratio vs Industry

How does OKE *'s PE Ratio compare vs other companies in the Global Oil and Gas Industry?

31 CompaniesPrice / EarningsEstimated GrowthMarket Cap
OKE * 13.7xIndustry Avg. 13.0xNo. of Companies76PE0816243240+
31 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OKE * is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the Global Oil and Gas industry average (13x).

Price to Earnings Ratio vs Fair Ratio

What is OKE *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OKE * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate OKE *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Mex$1.54k
Fair Value
17.8% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Insufficient data to show price forecast.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/28 01:04
End of Day Share Price 2025/11/18 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ONEOK, Inc. is covered by 37 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Ethan BellamyBaird
Theresa ChenBarclays