Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.33 as of Saturday, July 25, 2026.
Forward PE Ratio (16.33) = Close Price ($93.16) / Consensus Forward EPS ($5.70)
FORWARD PE RATIO
16.33
SECTOR MEDIAN · ENERGY
13.49
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+21.05%
vs the sector median at left
ONEOK, Inc.
Market Cap
$58.69B
Forward PE Ratio
16.33
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| ONEOK, Inc. (OKE) | $58.69B | 16.33 |
| Diamondback Energy, Inc. (FANG)vs › | $57.58B | N/A |
| Targa Resources Corp. (TRGP)vs › | $60.39B | 25.98 |
| Occidental Petroleum Corporation (OXY)vs › | $56.99B | 10.27 |
| Baker Hughes Company (BKR)vs › | $56.80B | 23.92 |
| Energy Transfer LP (ET)vs › | $70.06B | 13.57 |
| Kinder Morgan, Inc. (KMI)vs › | $73.11B | 21.91 |
| Eni S.p.A. (E)vs › | $76.03B | 10.49 |
| Suncor Energy Inc. (SU)vs › | $77.71B | 6.99 |
| EOG Resources, Inc. (EOG)vs › | $77.97B | 8.81 |
Trailing P/E
16.6
reported TTM EPS
Forward P/E
16.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.70 implies +1.6% EPS growth vs the reported trailing $5.61.
At today's $93.16 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 | $5.70 | $5.24 – $6.00 | 12 | 16.3x |
| 2027-12-31 | $6.22 | $5.72 – $6.91 | 13 | 15.0x |
| 2028-12-31 | $6.86 | $6.02 – $7.57 | 13 | 13.6x |
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
