WallStSmart

Energy Transfer LP (ET)vsONEOK Inc (OKE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Energy Transfer LP generates 173% more annual revenue ($107.38B vs $39.37B). OKE leads profitability with a 9.3% profit margin vs 4.9%. ET appears more attractively valued with a PEG of 0.67. ET earns a higher WallStSmart Score of 72/100 (B).

ET

Strong Buy

72

out of 100

Grade: B

Growth: 7.3Profit: 6.0Value: 8.7Quality: 4.3
Piotroski: 3/9

OKE

Strong Buy

69

out of 100

Grade: B-

Growth: 8.0Profit: 6.5Value: 4.7Quality: 4.0
Piotroski: 4/9Altman Z: 1.14
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ETUndervalued (+86.3%)

Margin of Safety

+86.3%

Fair Value

$157.28

Current Price

$21.55

$135.73 discount

UndervaluedFair: $157.28Overvalued
OKESignificantly Overvalued (-58.2%)

Margin of Safety

-58.2%

Fair Value

$61.08

Current Price

$96.62

$35.54 premium

UndervaluedFair: $61.08Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ET6 strengths · Avg: 8.8/10
Revenue GrowthGrowth
78.4%10/10

Revenue surging 78.4% year-over-year

EPS GrowthGrowth
85.3%10/10

Earnings expanding 85.3% YoY

Market CapQuality
$74.20B9/10

Large-cap with strong market position

PEG RatioValuation
0.678/10

Growing faster than its price suggests

P/E RatioValuation
14.9x8/10

Attractively priced relative to earnings

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

OKE5 strengths · Avg: 8.6/10
Revenue GrowthGrowth
52.8%10/10

Revenue surging 52.8% year-over-year

Market CapQuality
$60.91B9/10

Large-cap with strong market position

P/E RatioValuation
16.5x8/10

Attractively priced relative to earnings

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.44B8/10

Generating 1.4B in free cash flow

Areas to Watch

ET3 concerns · Avg: 3.0/10
Profit MarginProfitability
4.9%3/10

4.9% margin — thin

Debt/EquityHealth
1.993/10

Elevated debt levels

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

OKE3 concerns · Avg: 3.0/10
PEG RatioValuation
1.784/10

Expensive relative to growth rate

Debt/EquityHealth
1.443/10

Elevated debt levels

Altman Z-ScoreHealth
1.142/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ET

The strongest argument for ET centers on Revenue Growth, EPS Growth, Market Cap. Revenue growth of 78.4% demonstrates continued momentum. PEG of 0.67 suggests the stock is reasonably priced for its growth.

Bull Case : OKE

The strongest argument for OKE centers on Revenue Growth, Market Cap, P/E Ratio. Revenue growth of 52.8% demonstrates continued momentum.

Bear Case : ET

The primary concerns for ET are Profit Margin, Debt/Equity, Piotroski F-Score. Debt-to-equity of 1.99 is elevated, increasing financial risk. Thin 4.9% margins leave little buffer for downturns.

Bear Case : OKE

The primary concerns for OKE are PEG Ratio, Debt/Equity, Altman Z-Score.

Key Dynamics to Monitor

OKE carries more volatility with a beta of 0.72 — expect wider price swings.

ET is growing revenue faster at 78.4% — sustainability is the question.

ET generates stronger free cash flow (2.7B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ET scores higher overall (72/100 vs 69/100) and 78.4% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Energy Transfer LP

ENERGY · OIL & GAS MIDSTREAM · USA

Energy Transfer LP offers energy related services. The company is headquartered in Dallas, Texas.

ONEOK Inc

ENERGY · OIL & GAS MIDSTREAM · USA

Oneok, Inc. is a diversified Fortune 500 energy corporation based in Tulsa, Oklahoma.

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