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ONEOK, Inc (O1KE34) Fair Value & Analysis

Energy · BR · Market cap R$290B

OI ONEOK, Inc O1KE34 · SA
PriceR$230.02
Fair ValueR$32.03
Upside-86.1%
Quality42/100
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Evidence: High Range R$19.38 – R$55.74

Fair value as of: Jul 16, 2026

From 26 valuation models · updated today

Share price +2.7% over the past month.

Price vs Fair Value (12 months)

R$241.49 R$171.10 Fair Value R$32.03 Jul 2025 Jul 2026

12‑month range R$171.10 – R$241.49 · fair‑value band R$19.38 – R$55.74 · the R$230.02 price screens above the R$32.03 fair value. As of Jul 16, 2026.

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Analysis

ONEOK, Inc (O1KE34) currently trades at R$230.02, while our model-based Fair Value estimate is R$32.03, implying the stock looks roughly 86.1% overvalued today. We read business quality at 42/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, ONEOK, Inc generated revenue of R$35.2B at a net margin of 10.0%. Revenue grew 19.6% year over year. It earns a return on equity of 15.9%. Net debt stands at R$32.7B. Fundamentals as of Jul 16, 2026

Our scenario range runs from R$19.38 (bear case) to R$55.74 (bull case); at R$230.02, the current price sits above that range. The share trades about 7% below its 52-week high and 34% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -46% fair-value upside, at -86%, O1KE34 screens richer than that median.

Key figures & financial health

Revenue (TTM) R$35.2B
Revenue growth (YoY) +19.6%
Net margin 10.0%
Return on equity 15.9%
Free cash flow R$2.4B FY2025
P/E ratio 15.8
More key figures
Operating margin 14.9%
EPS (TTM) R$14.54
Dividend yield 1.8%
EPS growth (YoY) +18.0%
Net debt R$32.7B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

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: Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines; and Refined Products and Crude. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent, Permian Basin, North Texas, Gulf Coast region, and Rocky Mountain regions; and provides midstream services to producers of NGLs. It also owns NGL gathering and distribution pipelines, fractionation, terminal and storage facilities; and transports refined products, including gasoline, diesel fuel, aviation fuel, kerosene, and heating oil. In addition, the company transports and stores natural gas through regulated interstate and intrastate natural gas transmission pipelines, and natural gas storage facilities; it owns and operates a parking garage in downtown Tulsa, Oklahoma; and …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ONEOK, Inc reported revenue of R$33.6B in FY2025 versus R$16.5B in FY2021, a compound +19.4%/yr. Reported net income was R$3.4B in FY2025, compounding +22.6%/yr from FY2021.

Revenue +19.4%/yr
FY21 R$16.5B
FY22 R$22.4B
FY23 R$17.7B
FY24 R$21.7B
FY25 R$33.6B
Net income +22.6%/yr
FY21 R$1.5B
FY22 R$1.7B
FY23 R$2.7B
FY24 R$3.0B
FY25 R$3.4B

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Cite: Fair Value Calculator (2026). "ONEOK, Inc Fair Value". https://www.fairvalue-calculator.com/stock/O1KE34

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.

Similar stocks

10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Enbridge Inc ENB $56.32 $36.22 -36%
The Williams Companies, Inc WMB $72.26 $13.22 -82%
Enterprise Products Partners L.P. EPD $37.25 $15.66 -58%
TC Energy Corporation TRP C$96.15 C$30.44 -68%
Kinder Morgan, Inc KMI $31.84 $17.10 -46%
Energy Transfer LP, ET $18.75 $6.53 -65%
Targa Resources Corp TRGP $272.54 $67.42 -75%
MPLX LP owns and MPLX $56.90 $62.33 +10%
Cheniere Energy, Inc LNG $238.82 $227.70 -5%
Venture Global, Inc VG $11.26 $13.76 +22%

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Frequently asked questions

Is ONEOK, Inc (O1KE34) undervalued?
As of Jul 16, 2026, our model estimates a fair value of R$32.03 versus a price of R$230.02, about −86% (overvalued). Model-based estimate, not financial advice.
What is the fair value of O1KE34?
Our model-based fair value for ONEOK, Inc is R$32.03 (as of Jul 16, 2026), built from audited fundamentals. The current price is R$230.02.
What is the quality score of O1KE34?
ONEOK, Inc has a Quality Score of 42/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ONEOK, Inc (O1KE34)?
ONEOK, Inc reported trailing-twelve-month revenue of about R$35.2B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of O1KE34?
The net profit margin of ONEOK, Inc is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does ONEOK, Inc pay a dividend?
ONEOK, Inc currently shows a dividend yield of about 1.88% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.