Verdict: Side-by-side breakdown using the Bull Rankings model. OKE scored 58.3, PBA scored 40.2 — OKE leads.
Compare another set
Different reporting periods. OKE's fundamentals are as of June 2026, but PBA's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
OKE
ONEOK, Inc.
Oil & Gas Midstream · Quality-Growth
58.3
$89.80 · $56.6B
fundamentals as of
Score gap
18.1
OKE leads
PBA
Pembina Pipeline Corporation
Oil & Gas Midstream · Quality-Growth
40.2
$47.31 · $27.5B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestOKE15.5x
Fastest growthOKE+40.8%
Strongest balance sheetPBA0.81
Highest qualityPBA68 / 100
Largest discount to fair valueOKE-27%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
OKE
stronger →← stronger
PBA
66
Qualityreturns · margins · balance sheet
68
50
Growthrevenue & earnings expansion
50
60
Valuevaluation vs sector peers
22
OKE and PBA split the three pillars evenly.
Fundamentals, head-to-head
OKE
PBA
$2.8bB
FCF
$1.5bC+
+40.8%A
Rev
+5.3%C+
1.43C
D/E
0.81C+
15.5xB
P/E
23.1xC+
1.71C+
PEG
1.70C+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
OKE
PBA
27% below
Price vs fair valuelower is cheaper
1% below
~7%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~4%/yr
+5%
1-yr DCF upside
-1%
+38%
5-yr DCF upside
+1%
+105%
10-yr DCF upside
+3%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
OKE
Why this score
Cyclical growth
PBA
Why this score
Raising its dividend
Cyclical growth
Foreign reporter (CAD)
The companies
OKEONEOK, Inc.
Oil & Gas Midstream · $89.80 · beta 0.80
Why now
Oil & Gas Midstream · market cap $56.6b. 10% off the 52-week high of $99.85. Revenue growing +41% — in hypergrowth territory. 20 sell-side analysts rate this a Buy with a mean 1-yr target of $101.20 (implying +13% upside).
Moat
ROE 16% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. $56.6b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Dividend payout 73% of earnings on a 4.7% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
PBAPembina Pipeline Corporation
Oil & Gas Midstream · $47.31 · beta 0.75
Why now
Oil & Gas Midstream · market cap $27.5b. 8% off the 52-week high of $51.58.
Moat
Net margin 22% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 10% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 126% of net income — earnings translate cleanly into cash.
Risk
Dividend payout 101% of earnings on a 4.4% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where OKE and PBA diverge
On the headline score the gap is 18.1 points in favor of OKE. The widest single difference is Value, where OKE leads by 37.6 points.
ValueOKE 59.8 · PBA 22.2OKE +37.6
QualityOKE 66.4 · PBA 68.4level
GrowthOKE 50.0 · PBA 50.0level
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is OKE or PBA the better stock?
OKE scores higher: OKE 58.3, PBA 40.2 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do OKE and PBA differ most?
The widest gap is value, where OKE leads by 38 points on the 0–100 pillar scale. The other two pillars are close enough to call level, so this is the one place they genuinely separate.
How are OKE and PBA scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.