Verdict: Side-by-side breakdown using the Bull Rankings model. PAGP scored 58.5, OKE scored 58.3 — PAGP leads.
Compare another set
PAGP
Plains GP Holdings, L.P.
Oil & Gas Midstream · Quality-Growth
58.5
$26.62 · $6.2B
fundamentals as of
Score gap
0.2
PAGP leads
OKE
ONEOK, Inc.
Oil & Gas Midstream · Quality-Growth
58.3
$89.80 · $56.6B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestOKE15.5x
Fastest growthOKE+40.8%
Strongest balance sheetPAGP0.56
Highest qualityPAGP70 / 100
Largest discount to fair valuePAGP-91%
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)
PAGP
stronger →← stronger
OKE
70
Qualityreturns · margins · balance sheet
66
50
Growthrevenue & earnings expansion
50
57
Valuevaluation vs sector peers
60
PAGP and OKE split the three pillars evenly.
Fundamentals, head-to-head
PAGP
OKE
$2.4bB
FCF
$2.8bB
+12.2%B+
Rev
+40.8%A
0.56B
D/E
1.43C
60.5xC
P/E
15.5xB
0.67A-
PEG
1.71C+
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
PAGP
OKE
91% below
Price vs fair valuelower is cheaper
27% below
decline
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~7%/yr
+888%
1-yr DCF upside
+5%
+1006%
5-yr DCF upside
+38%
+1211%
10-yr DCF upside
+105%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
PAGP
Why this score
Raising its dividend
Cyclical growth
OKE
Why this score
Cyclical growth
The companies
PAGPPlains GP Holdings, L.P.
Oil & Gas Midstream · $26.62 · beta 0.52
Why now
Oil & Gas Midstream · market cap $6.2b. 7% off the 52-week high of $28.70. Revenue growing +12%, comfortably above the S&P median. PEG 0.67 — paying under fair value for the growth rate. 13 sell-side analysts rate this a Buy with a mean 1-yr target of $26.38 (implying -1% upside).
Moat
Free cash flow runs well ahead of reported net income.
Risk
Trailing P/E 60.5x prices in sustained high growth — any quarter that disappoints triggers sharp re-rating. Dividend payout 363% of earnings on a 6.3% yield — distribution coverage is thin; one earnings stumble could force a dividend cut. Net margin 1.1% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first.
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.
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 PAGP and OKE diverge
The two are effectively level on the headline score. The widest single difference is Quality, where PAGP leads by 3.6 points.
QualityPAGP 70.0 · OKE 66.4PAGP +3.6
ValuePAGP 57.3 · OKE 59.8level
GrowthPAGP 50.0 · OKE 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 PAGP or OKE the better stock?
PAGP scores higher: PAGP 58.5, OKE 58.3 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 PAGP and OKE differ most?
The widest gap is quality, where PAGP leads by 4 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 PAGP and OKE 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.