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Price / Book for ONEOK Inc

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OKE: ONEOK Inc

ONEOK, Inc. operates as a midstream service provider of gathering, processing, fractionation, transportation, storage, and marine export services in the United States. It operates in four segments: Na...

98.48 USD
Price
USD
Fair Value
Upside
76.23 - 118.07
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on ONEOK Inc's Price / Book:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.0x20.0x40.0x60.0x

Performance Summary
  • ONEOK's latest twelve months price / book is 3.5x
  • ONEOK's price / book for fiscal years ending December 2020 to 2024 averaged 3.6x.
  • ONEOK's operated at median price / book of 3.5x from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, ONEOK's price / book peaked in December 2022 at 4.7x.
  • ONEOK's price / book hit its 5-year low in December 2023 of 2.5x.
  • ONEOK's price / book decreased in 2020 (2.8x, -44.8%) and 2023 (2.5x, -46.1%) and increased in 2021 (4.5x, +61.7%), 2022 (4.7x, +3.7%), and 2024 (3.5x, +37.7%).

How does ONEOK's Price / Book benchmark against competitors?

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We've identified the following companies as similar to ONEOK Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Price / Book

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price_to_book
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Price / Book in the valuation category include:

  • 4 Week Price Total Return - The total change in price (adjusted of dividends and splits when applicable) over the last 4 weeks.
  • 1 Month Price Total Return - The total change in price (adjusted of dividends and splits when applicable) over the last 1 month.
  • Total Enterprise Value (TEV) - The total value of a firm including claims of creditors (secured and unsecured) and shareholders (preferred and common). Unlikely Enterprise Value (EV), Total Enterprise Value includes value related to the non-operating assets of the business.
  • 52 Week High, Current - The highest trade price over the last year adjusted including the current trading session
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Price / Book

Compares a firm's market value of equity to the amount of common equity listed on the balance sheet.

Definition of Price / Book

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Price to Book is defined as:

Price / Book = Market Cap / Common Equity

Applying this formula, ONEOK’s Price / Book is calculated below:

Market Capitalization [ $58.865 B ]
(/) Common Equity [ $17.036 B ]
(=) Price / Book [ 3.5x ]

Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.

The tables below summarizes the trend in ONEOK’s price / book over the last five years:

Date Market Cap Book Value Price / Book
2020-12-31 16.768 B 6.042 B 2.8
2021-12-31 26.985 B 6.015 B 4.5
2022-12-31 30.21 B 6.494 B 4.7
2023-12-31 41.371 B 16.484 B 2.5
2024-12-31 58.865 B 17.036 B 3.5

Click the link below to download a spreadsheet with an example Price / Book calculation for ONEOK Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-3.6x-0.6x2.4x7.3x04080120

The chart above depicts the distribution of price / book for companies operating in the Energy sector in the Developed economic region. Over 1,340 companies were considered in this analysis, and 815 had meaningful values. The average price / book of companies in the sector is 1.5x with a standard deviation of 1.7x.

ONEOK Inc's Price / Book of 3.5x ranks in the 86.0% percentile for the sector. The following table provides additional summary stats:

Price / Book In The Energy Sector
Economic Risk RegionDeveloped
Total Constituents1,343
Included Constituents815
Min-3.4x
Max7.0x
Median1.1x
Mean1.5x
Standard Deviation1.7x

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