Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
ONEOK Inc., EBITDA calculation
US$ in thousands
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).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | ONEOK Inc. EBITDA increased from 2020 to 2021 and from 2021 to 2022. |
Enterprise Value to EBITDA Ratio, Current
ONEOK Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 42,141,201) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 3,551,723) |
| Valuation Ratio | |
| EV/EBITDA | 11.87 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | 6.19 |
| ConocoPhillips | 5.10 |
| Exxon Mobil Corp. | 6.67 |
| Occidental Petroleum Corp. | 5.09 |
| EV/EBITDA, Sector | |
| Oil, Gas & Consumable Fuels | 4.31 |
| EV/EBITDA, Industry | |
| Energy | 4.47 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
ONEOK Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 42,693,473) | 41,998,057) | 34,036,023) | 43,137,106) | 35,859,514) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 3,551,723) | 3,338,829) | 2,093,864) | 2,619,299) | 2,416,112) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 12.02 | 12.58 | 16.26 | 16.47 | 14.84 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | 4.74 | 7.18 | 18.57 | 6.39 | — | |
| ConocoPhillips | 3.82 | 6.34 | 23.12 | 4.13 | — | |
| Exxon Mobil Corp. | 4.54 | 7.07 | 16.97 | 6.91 | — | |
| Occidental Petroleum Corp. | 3.70 | 5.30 | — | 10.32 | — | |
| EV/EBITDA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 4.40 | 6.79 | 24.59 | — | — | |
| EV/EBITDA, Industry | ||||||
| Energy | 4.65 | 7.04 | 36.95 | — | — | |
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).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 42,693,473 ÷ 3,551,723 = 12.02
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | ONEOK Inc. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022. |