Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 16.97.
Forward PE Ratio (16.97) = Close Price ($96.28) / Consensus Forward EPS ($5.75)
FORWARD PE RATIO
16.97
SECTOR MEDIAN · ENERGY
13.46
median of 45 covered companies
CURRENT VS SECTOR MEDIAN
+26.08%
vs the sector median at left
ONEOK, Inc.
Market Cap
$60.67B
Forward PE Ratio
16.97
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| ONEOK, Inc. (OKE) | $60.67B | 16.97 |
| MPLX Lp (MPLX)vs › | $61.13B | 13.92 |
| Occidental Petroleum Corporation (OXY)vs › | $61.45B | 9.80 |
| Targa Resources Corp. (TRGP)vs › | $62.56B | 26.10 |
| Baker Hughes Company (BKR)vs › | $63.88B | 24.32 |
| Diamondback Energy, Inc. (FANG)vs › | $56.88B | 9.79 |
| TC Energy Corporation (TRP)vs › | $65.82B | 16.47 |
| Devon Energy Corporation (DVN)vs › | $53.86B | 9.46 |
| Kinder Morgan, Inc. (KMI)vs › | $70.32B | 21.02 |
| Energy Transfer LP (ET)vs › | $74.24B | 12.80 |
Trailing P/E
16.8
reported TTM EPS
Forward P/E
17.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.75 implies -0.9% EPS decline vs the reported trailing $5.80.
At today's $96.28 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 | $5.75 | $5.51 – $5.88 | 10 | 16.8x |
| 2027-12-31 | $6.20 | $5.63 – $6.99 | 11 | 15.5x |
| 2028-12-31 | $6.94 | $6.17 – $7.80 | 10 | 13.9x |
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
