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ONEOK (STU:ONK) Cyclically Adjusted Price-to-FCF : 47.71 (As of Mar. 03, 2025)


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What is ONEOK Cyclically Adjusted Price-to-FCF?

As of today (2025-03-03), ONEOK's current share price is €93.04. ONEOK's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 was €1.95. ONEOK's Cyclically Adjusted Price-to-FCF for today is 47.71.

The historical rank and industry rank for ONEOK's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:ONK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 46.74   Med: 66.27   Max: 2361
Current: 48.87

During the past years, ONEOK's highest Cyclically Adjusted Price-to-FCF was 2361.00. The lowest was 46.74. And the median was 66.27.

STU:ONK's Cyclically Adjusted Price-to-FCF is ranked worse than
87.41% of 397 companies
in the Oil & Gas industry
Industry Median: 12.81 vs STU:ONK: 48.87

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

ONEOK's adjusted free cash flow per share data for the three months ended in Dec. 2024 was €1.705. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €1.95 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


ONEOK Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for ONEOK's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ONEOK Cyclically Adjusted Price-to-FCF Chart

ONEOK Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 2,096.62 57.65 48.87

ONEOK Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 57.65 65.92 50.88 51.42 48.87

Competitive Comparison of ONEOK's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Midstream subindustry, ONEOK's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ONEOK's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ONEOK's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where ONEOK's Cyclically Adjusted Price-to-FCF falls into.



ONEOK Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

ONEOK's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=93.04/1.95
=47.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ONEOK's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, ONEOK's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.705/133.1571*133.1571
=1.705

Current CPI (Dec. 2024) = 133.1571.

ONEOK Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201503 -1.337 99.621 -1.787
201506 0.038 100.684 0.050
201509 0.255 100.392 0.338
201512 0.304 99.792 0.406
201603 0.146 100.470 0.193
201606 0.687 101.688 0.900
201609 0.972 101.861 1.271
201612 1.326 101.863 1.733
201703 0.684 102.862 0.885
201706 1.211 103.349 1.560
201709 0.346 104.136 0.442
201712 0.430 104.011 0.550
201803 0.454 105.290 0.574
201806 0.324 106.317 0.406
201809 -0.374 106.507 -0.468
201812 -0.342 105.998 -0.430
201903 -1.143 107.251 -1.419
201906 -0.461 108.070 -0.568
201909 -1.443 108.329 -1.774
201912 -1.058 108.420 -1.299
202003 -1.151 108.902 -1.407
202006 -0.593 108.767 -0.726
202009 -0.025 109.815 -0.030
202012 0.966 109.897 1.170
202103 0.670 111.754 0.798
202106 0.738 114.631 0.857
202109 0.469 115.734 0.540
202112 1.675 117.630 1.896
202203 0.418 121.301 0.459
202206 1.024 125.017 1.091
202209 0.651 125.227 0.692
202212 1.523 125.222 1.620
202303 1.939 127.348 2.027
202306 0.960 128.729 0.993
202309 1.067 129.860 1.094
202312 1.418 129.419 1.459
202403 0.132 131.776 0.133
202406 1.508 132.554 1.515
202409 1.202 133.029 1.203
202412 1.705 133.157 1.705

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


ONEOK  (STU:ONK) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


ONEOK Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of ONEOK's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


ONEOK Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ONEOK Inc (STU:ONK) » Definitions » Cyclically Adjusted Price-to-FCF
Address
100 West Fifth Street, Tulsa, OK, USA, 74103
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation and natural gas liquids transportation and fractionation. It also operates a refined product and crude oil segment connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.

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