Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.20.
Forward PE Ratio (16.20) = Close Price ($93.33) / Consensus Forward EPS ($5.76)
FORWARD PE RATIO
16.20
SECTOR MEDIAN · ENERGY
13.10
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+23.71%
vs the sector median at left
ONEOK, Inc.
Market Cap
$58.81B
Forward PE Ratio
16.20
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| ONEOK, Inc. (OKE) | $58.81B | 16.20 |
| MPLX Lp (MPLX)vs › | $59.27B | 13.57 |
| Diamondback Energy, Inc. (FANG)vs › | $59.28B | N/A |
| Occidental Petroleum Corporation (OXY)vs › | $60.97B | 10.16 |
| Baker Hughes Company (BKR)vs › | $61.88B | 23.77 |
| Devon Energy Corporation (DVN)vs › | $54.01B | 9.56 |
| Targa Resources Corp. (TRGP)vs › | $64.20B | 26.59 |
| Kinder Morgan, Inc. (KMI)vs › | $68.99B | 20.37 |
| Energy Transfer LP (ET)vs › | $72.92B | 12.64 |
| Cameco Corporation (CCJ)vs › | $44.65B | 66.41 |
Trailing P/E
16.1
reported TTM EPS
Forward P/E
16.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.76 implies -0.7% EPS decline vs the reported trailing $5.80.
At today's $93.33 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $5.76 | $5.51 – $5.93 | 12 | 16.2x |
| 2027-12-31 | $6.23 | $5.63 – $7.00 | 13 | 15.0x |
| 2028-12-31 | $6.94 | $6.21 – $7.80 | 13 | 13.5x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
