ONEOK, Inc. (OKE)
NYSE · Energy · market cap 52.88B
Share price
$93.22
At the last nightly close
Intrinsic value
$98.28
Range $98.28 – $107.92 — the conservative figure is the low end.
Margin of safety
+5.4%
($98.28 − $93.22) ÷ $93.22
EV / EBIT
65.4
On the median operating profit of 15 fiscal years through 2025.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.
The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-03.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2025-FY | 33.63B | 5.82B | 3.39B | 5.43 | 2.45B |
| 2024-FY | 21.70B | 5.06B | 3.04B | 5.19 | 2.87B |
| 2023-FY | 17.68B | 4.23B | 2.66B | 5.49 | 2.83B |
| 2022-FY | 22.39B | 2.81B | 1.72B | 3.85 | 1.70B |
| 2021-FY | 16.54B | 2.60B | 1.50B | 3.35 | 1.85B |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- ONEOK Announces Higher Second-Quarter 2026 Earnings: Net Income up 13%, Adjusted EBITDA up 7% – ONEOKir.oneok.com
- ONEOK (OKE) Earnings Date and Reports 2026marketbeat.com
- ONEOK (OKE) Earnings: Latest Report, Earnings Call & Financialspublic.com
- ONEOK Stock Price | OKE Stock Quote, News, and History | Markets Insidermarkets.businessinsider.com
- Why Is Oneok (OKE) Up 9.2% Since Last Earnings Report?finance.yahoo.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on OKE.
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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.