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ONEOKXSWX:OKE -2.30%86 EV-to-OCF is 14.98 as of Aug. 23, 2026, which is 11% below its 10-year median of 16.84. GuruFocus rates XSWX:OKE with a GF Score™ of 86/100 and a GF Value™ of CHF93.28. The stock has 8 warning signs investors should review. Among 1,027 Oil & Gas companies, ONEOK ranks worse than 81.5% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, ONEOK's Enterprise Value is CHF73,440 Mil.
ONEOK's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF4,901 Mil. Therefore, ONEOK's EV-to-OCF for today is 14.98.
The historical rank and industry rank for ONEOK's EV-to-OCF or its related term are showing as below:
XSWX:OKE'
s EV-to-OCF Range Over the Past 10 Years
Min: 10.47 Med: 16.84 Max: 24.78
Current: 14.92
During the past 13 years, the highest EV-to-OCF of ONEOK was 24.78. The lowest was 10.47. And the median was 16.84.
XSWX:OKE's EV-to-OCF is ranked worse than 81.5% of 1027
companies
in the Oil & Gas industry
Industry Median: 5.74
vs XSWX:OKE: 14.92
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-23), ONEOK's stock price is CHF75.10.
ONEOK's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was CHF4.612. Therefore, ONEOK's PE Ratio (TTM) for today is 16.28.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ONEOK's share price for today is CHF75.10.
ONEOK's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF4.612.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
ONEOK EV-to-OCF Related Terms
ONEOK EV-to-OCF Historical Data
* Premium members only.
The historical data trend for ONEOK's EV-to-OCF 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.
For the Oil & Gas Midstream subindustry, ONEOK's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ONEOK's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where ONEOK's EV-to-OCF falls into.
ONEOK's current Enterprise Value is CHF73,440 Mil.
ONEOK's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF4,901 Mil.
* 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 (XSWX:OKE) has a EV-to-OCF of 14.98 as of Aug. 23, 2026. This is 11% below median its historical median of 16.84. Over the past decade, ONEOK's EV-to-OCF has ranged from 10.47 to 24.78. According to the industry distribution chart, ONEOK ranks #837 out of 1027 companies in the Oil & Gas industry, placing it in the top 81.5%.
Is ONEOK's EV-to-OCF too high?
ONEOK's current EV-to-OCF of 14.98 is 11% below median its 10-year median of 16.84. Over the past 10 years, this metric has ranged from a low of 10.47 to a high of 24.78. The Oil & Gas industry median EV-to-OCF is 5.74. ONEOK's value of 14.98 is 161% above this industry median. Based on the distribution chart, ONEOK ranks #837 out of 1027 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, ONEOK has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does ONEOK's EV-to-OCF compare to MPLX and TRGP?
According to the Oil & Gas industry distribution chart, ONEOK ranks #837 out of 1027 companies for EV-to-OCF. This places ONEOK in the lower half of its industry. The industry median EV-to-OCF is 5.74. ONEOK's value of 14.98 is 161% above this benchmark. Historically, ONEOK's own EV-to-OCF has ranged from 10.47 to 24.78 over the past decade. While the company's 10-year median is 16.84 vs. the industry median of 5.74, ONEOK has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.74, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ONEOK's current EV-to-OCF of 14.98 is 161% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ONEOK's current EV-to-OCF is 14.98, which is 11% below median its own 10-year median of 16.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONEOK stock overvalued right now?
ONEOK (XSWX:OKE) has a current EV-to-OCF of 14.98. The stock's GF Value™ is CHF93.28, compared to a current price of CHF75.10 — trading 19.5% below its estimated fair value. The current EV-to-OCF is 14.98, which is 11% below median its 10-year median of 16.84 and 161% above the Oil & Gas industry median of 5.74. ONEOK's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For ONEOK (XSWX:OKE), the current EV-to-OCF is 14.98 as of Aug. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ONEOK (XSWX:OKE) Overvalued in 2026?
Based on GuruFocus' analysis, ONEOK stock appears to be undervalued.
The current stock price of CHF75.10 is trading 19.5% below its estimated GF Value™ of CHF93.28.
Key valuation signals for XSWX:OKE:
EV-to-OCF: 14.98 (11% below median its 10-year median of 16.84)
GF Value™: CHF93.28 vs. price of CHF75.10 (19.5% below fair value)
Industry Position: 161% above the Oil & Gas median (#837 of 1027)
No single metric tells the full story. See the XSWX:OKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oneok is a diversified midstream service provider specializing in natural gas gathering, processing, storage, and transportation, as well as natural gas liquids transportation and fractionation. It also operates in the refined product and crude oil segment, connecting producers, refiners, and consumers. Operations are in the midcontinent, Permian, and Rocky Mountain regions.
86GF Score
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