What Is ONEOK, Inc. (OKE) Worth in 2026?
According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on ONEOK, Inc. at its current price of $92.20. The composite intrinsic value is estimated at $61.39 (-33.4% average return), with 8 models flagging overvaluation risk. Notably, First Chicago sees the most upside at +67.7% (fair value: $154.66), while Dynamic NAV is the most conservative at -96.0% ($3.64). The spread between these extremes — +163.8% — reveals how different analytical frameworks can reach starkly different conclusions.
What Do the Models Say About OKE?
12 of 13 models are currently active for OKE. Of these, 3 models suggest upside while 9 models suggest overvaluation. The Bayesian DCF estimates OKE's intrinsic value at $69.46, implying -24.7% downside from the current price. See which stocks rank higher →
How Does OKE Rank in Natural Gas Transmisison & Distribution?
Among 7 Natural Gas Transmisison & Distribution stocks, OKE ranks #1 by Quality of Company score. CirclFi's QOC score of 8.9/10 evaluates 32 fundamental signals. A score of 8.9 places OKE in the top tier.
As a oil and gas company, ONEOK, Inc. operates in a sector where finding and development costs (F&D) is a critical driver of valuation. Investors evaluating OKE should weigh these sector-specific dynamics alongside our model-derived fair values.
Is OKE a Value Trap?
CirclFi's Value Trap algorithm assigns OKE a score of 21/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →
Multi-Model Methodology
12 of 13 models are active for ONEOK, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →
According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, ONEOK, Inc. is rated at 8.9/10. This strong-tier score demonstrates strong fundamentals across the majority of our quality signals.
The gap between the most bullish and bearish model spans +163.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →
Data Sources & Confidence
Every OKE valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →
Across OKE's 12 active models, average confidence is 45%. Lower confidence may reflect limited history or high volatility.
CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →
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