Stock Analysis on Net

ONEOK Inc. (NYSE:OKE)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 8, 2023.

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

ONEOK Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of ONEOK Inc. Annual Report.


The financial data presents the evolution of the share price, sales per share, and price-to-sales (P/S) ratio of the company over an 18-year period.

Share Price Trend
The share price displayed considerable volatility throughout the period. It began at $14.71 in 2006, rising to a peak of $58.81 by 2014, indicating substantial appreciation over the eight-year span. However, a sharp decline to $21.31 was observed in 2016, followed by a recovery period during which the price reached a high of $73.61 in early 2020. The subsequent years saw fluctuating values, ending at $65.45 in 2023. This pattern suggests cyclical price movements rather than a consistent upward trend.
Sales per Share Trend
Sales per share were highest in the earlier years, peaking at $76.77 in 2009. After 2009, a generally declining trend is evident, reaching a low of $19.20 by 2021. A moderate recovery follows with values advancing to $50.06 in 2023. Overall, sales per share show significant fluctuations with an initial peak and subsequent decline before partial rebound, indicating variability in revenue generation on a per-share basis.
Price-to-Sales (P/S) Ratio Trend
The P/S ratio reveals notable changes over the years. Starting at a low 0.27 in 2006, it rose gradually to 0.84 in 2014, reflecting increasing market valuation relative to sales during that period. The ratio then surged sharply to a peak of 2.99 in 2020, implying the market price grew substantially relative to sales per share, suggesting increased investor optimism or market expectations despite lower sales. Following this peak, the P/S ratio declined to 1.31 by 2023, indicating a decrease in valuation multiple but still reflecting a higher market valuation relative to historical norms.
Overall Insights
The trends convey periods of growth, decline, and recovery in both share price and sales per share, with share price generally demonstrating more pronounced volatility than sales. The P/S ratio progression suggests changing investor perception of the company’s market value relative to its sales, with particularly high valuation multiples during and after 2020 despite sales experiencing downturns earlier. This divergence may point to external market influences or strategic company developments affecting investor expectations.

Comparison to Competitors

ONEOK Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)


Comparison to Industry (Energy)