Using the PEG framework with analyst consensus forward EPS growth of 10.9% plus 4.4% dividend yield, ONEOK, Inc. has a fair value of $61.13 based on NTM EPS (FY2026) of $5.62. The current PEG ratio is 1.53.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG tends to undervalue slow growers — consider dividend yield and asset value instead.
| EPS Growth RateForward | 6.5% |
| Dividend Yield | +4.4% |
| Adjusted Growth (clamped 8–25%) | 10.9% |
| Fair P/E | 10.9x |
| NTM EPS (FY2026) | $5.62 |
| Fair Value | $61.13 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $5.42 | — | — |
| FY2026E | $5.62 | +3.7% | 7 |
| FY2027E | $6.11 | +8.7% | 6 |
| FY2028E | $6.67 | +9.3% | 6 |
| FY2029E | $7.27 | +9.0% | 5 |
| FY2030E | $7.43 | +2.1% | 3 |
5Y Forward EPS CAGR: 6.5%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.5B | $3.35 | — |
| FY2022 | $1.7B | $3.84 | +14.6% |
| FY2023 | $2.7B | $5.48 | +42.7% |
| FY2024 | $3.0B | $5.17 | -5.7% |
| FY2025 | $3.4B | $5.42 | +4.8% |
4Y Historical EPS CAGR: 12.8%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.