ONEOK

ONEOK EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of ONEOK (OKE) as of Nov 3, 2026 is 7.78. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 10.79 — a change of -27.93% (lower).

EV/EBIT

7.78

YoY

-27.93%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of ONEOK is 2025 7.78 . EV/EBIT (Enterprise Value to EBIT) of ONEOK was 2024 10.79 . It decreases by -27.93% lower compared to the previous year.

The ONEOK EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2019
29.03 USD
Jan 1, 2020
38.12 USD
Jan 1, 2021
18.99 USD
Jan 1, 2022
17.86 USD
Jan 1, 2023
13.31 USD
Jan 1, 2024
10.79 USD
Jan 1, 2025
7.78 USD
Jan 1, 2026 (e)
9.41 USD
The ONEOK EV/EBIT history
YEAREV/EBITYoY
est9.41+21.00%
7.78-27.93%
10.79-18.90%
13.31-25.49%
17.86-5.97%
18.99-50.18%
38.12+31.31%
29.03-0.11%
29.06-19.22%
35.97-6.49%
38.47-29.49%
54.56+16.61%
46.79+792.93%
5.24+11.02%
4.72-5.22%
4.98+21.76%
4.09+7.92%
3.79+105.98%
1.84-40.26%
3.08-10.72%
3.45—

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ONEOK Valuation

Details

Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides ONEOK's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates ONEOK's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots ONEOK's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if ONEOK grows earnings faster than its peers.

ONEOK Stock analysis

What does ONEOK do? ONEOK Inc is an American company based in Tulsa, Oklahoma. Its history dates back to 1906 when it was founded as the Oklahoma Natural Gas Company. In 1980, it was renamed ONEOK Inc and has since become a leading wholesaler of natural gas and petroleum products in the United States. The business model of ONEOK Inc is based on the production, processing, storage, and transportation of natural gas and petroleum products. The company operates several pipelines that traverse America's major oil and gas fields. These pipelines transport millions of barrels of crude oil and billions of cubic feet of natural gas across the country. ONEOK Inc also has numerous gas processing facilities, including facilities for removing impurities and moisture. The processed products, derived from both raw gas and oil extraction, can then be sold in various forms. Natural gas processing is one of the largest business areas of ONEOK Inc. The company is one of the leading producers of ethane, butane, and propane, which are used in the chemical industry, as fuels, and in agriculture. ONEOK Inc offers a wide range of products and also provides specialty gas products such as hydrocarbons and nitrogen compounds. Another important business area of ONEOK Inc is the storage of natural gas and petroleum products. The company owns several underground storage facilities and tank farms where natural gas and petroleum products are stored. These facilities enable the company to hold large quantities of energy in reserve and ensure reliable supply during peak demand periods. ONEOK Inc also operates its own retail brand, ONEOK Partners LP. This brand offers various products and services, such as household heating, fuel, and propane tanks. Through this brand, the company sells directly to end consumers, to sell its products in local markets. In recent years, ONEOK Inc has focused on aligning its business towards sustainability and renewable energy. The company has started investing in renewable energies such as solar and wind power and constantly seeks opportunities to reduce its emissions. ONEOK Inc also relies on advanced technologies and processes to make its operations more efficient and sustainable. In summary, ONEOK Inc is a key player in the energy industry, serving customers throughout America. The company specializes in the production, processing, storage, and transportation of natural gas and petroleum products and has numerous facilities and pipelines that transport its products across the country. ONEOK Inc is also capable of offering a wide range of products and provides its customers with a variety of services such as storage and household heating. The company has begun to align itself with renewable energies and invest in technologies that reduce its emissions and make its operations more sustainable. ONEOK is one of the most popular companies on Eulerpool.

Frequently Asked Questions about ONEOK stock

EV/EBIT (Enterprise Value to EBIT) of ONEOK is 7.78 in 2025.

EV/EBIT (Enterprise Value to EBIT) of ONEOK changed from 10.79 to 7.78, representing a -27.93% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) ONEOK since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s ONEOK with sector peers and the industry average to assess whether it is attractive.

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Valuation — ONEOK

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