OKENEUTRAL

OKE EV/EBITDA Analysis

12.0x

Updated 225h ago·SEC filings & market data

Key Takeaway

The current EV/EBITDA of 11.8x means that for every dollar of earnings before interest, taxes, depreciation, and amortization (EBITDA), the company’s total enterprise value—its market capitalization plus debt minus cash—is 11.8 times that amount.

Sector Performance

41th percentile

OKE

12.0x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

11.8x(Aug 2026)

↓ Declining

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Deep Analysis

This places it below the sector median of 13.5x, and in the 40th percentile among peers, so it trades at a lower multiple than most companies in its group. The trend is stable: the year-over-year change is not available, but quarter-over-quarter the metric rose from 11.4x to 11.8x, a +3.6% increase. A stable or slightly rising EV/EBITDA near a moderate level suggests the market is assigning a consistent valuation without any sharp repricing. Combined with the 40th percentile position, this implies limited downside from valuation compression but also no unusual discount that would signal a clear buying opportunity. This metric supports the overall NEUTRAL verdict: the level and stable trend align with a fair, balanced risk-return profile.

Frequently Asked Questions

What does the EV/EBITDA tell investors about OKE?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are OKE's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.