OGE Energy Corp. (OGE) Financial Ratios
30 years of historical data (1996–2025) · Utilities · Regulated Electric
EV/EBITDA
↓
11.35
+1% vs avg
5yr avg: 11.18
30Y Low6.2·High14.2
P/FCF
↓
118.03
+1% vs avg
5yr avg: 117.13
30Y Low5.8·High194.0
P/B Ratio
↓
1.92
+10% vs avg
5yr avg: 1.76
30Y Low1.2·High2.3
ROE
↓
9.8%
↑-23% vs avg
5yr avg: 12.7%
30Y Low-4%·High19%
Debt/EBITDA
↓
4.17
↓-5% vs avg
5yr avg: 4.39
30Y Low2.1·High5.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OGE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OGE Energy Corp. trades at 20.4x earnings, 33% above its 5-year average of 15.3x, sitting at the 97th percentile of its historical range. Compared to the Utilities sector median P/E of 19.0x, the stock trades at a premium of 7%. On a free-cash-flow basis, the stock trades at 118.0x P/FCF, roughly in line with the 5-year average of 117.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.8B | $8.6B | $8.3B | $7.0B | $7.9B | $7.7B | $6.4B | $8.9B | $7.9B | $6.6B | $6.7B |
| Enterprise Value | $15.4B | $14.3B | $13.8B | $11.9B | $12.4B | $12.7B | $10.0B | $12.2B | $10.9B | $9.7B | $9.6B |
| P/E Ratio → | 20.39 | 18.41 | 18.84 | 16.87 | 11.91 | 10.43 | — | 20.59 | 18.49 | 10.62 | 19.79 |
| P/S Ratio | 2.99 | 2.65 | 2.78 | 2.62 | 2.35 | 2.10 | 3.00 | 4.00 | 3.46 | 2.91 | 2.96 |
| P/B Ratio | 1.92 | 1.74 | 1.79 | 1.56 | 1.80 | 1.90 | 1.76 | 2.16 | 1.96 | 1.71 | 1.94 |
| P/FCF | 118.03 | 104.56 | — | 129.71 | — | — | 102.33 | 194.02 | 20.81 | — | — |
| P/OCF | 8.58 | 7.60 | 10.22 | 5.69 | 8.34 | — | 8.94 | 13.10 | 8.26 | 8.39 | 10.37 |
P/E links to full P/E history page with 30-year chart
OGE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OGE Energy Corp.'s enterprise value stands at 11.3x EBITDA, roughly in line with its 5-year average of 11.2x. This is roughly in line with the Utilities sector median of 11.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.39 | 4.63 | 4.43 | 3.67 | 3.47 | 4.69 | 5.48 | 4.81 | 4.31 | 4.23 |
| EV / EBITDA | 11.35 | 10.53 | 10.76 | 10.25 | 11.17 | 13.20 | 10.91 | 14.24 | 13.45 | 12.26 | 11.57 |
| EV / EBIT | 19.29 | 17.90 | 17.84 | 17.08 | 12.98 | 12.18 | — | 19.92 | 16.40 | 13.31 | 15.02 |
| EV / FCF | — | 173.01 | — | 219.17 | — | — | 159.93 | 265.92 | 28.90 | — | — |
OGE Profitability
Margins and return-on-capital ratios measuring operating efficiency
OGE Energy Corp. earns an operating margin of 24.5%, above the Utilities sector average of 18.5%. ROE of 9.8% is modest. ROIC of 5.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.2% | 44.2% | 46.7% | 47.1% | 35.9% | 29.1% | 47.8% | 42.7% | 39.8% | 40.0% | 41.7% |
| Operating Margin | 24.5% | 24.5% | 25.0% | 24.3% | 19.2% | 14.9% | 24.6% | 22.6% | 21.6% | 22.6% | 22.3% |
| Net Profit Margin | 14.4% | 14.4% | 14.8% | 15.6% | 19.7% | 20.2% | -8.2% | 19.4% | 18.7% | 27.4% | 15.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.8% | 9.8% | 9.6% | 9.3% | 15.7% | 19.2% | -4.5% | 10.6% | 10.8% | 17.0% | 10.0% |
| ROA | 3.4% | 3.4% | 3.3% | 3.3% | 5.3% | 6.3% | -1.6% | 4.0% | 4.0% | 6.1% | 3.5% |
| ROIC | 5.8% | 5.8% | 5.7% | 5.4% | 5.4% | 5.0% | 5.3% | 5.2% | 5.2% | 5.7% | 6.1% |
| ROCE | 6.2% | 6.2% | 6.2% | 5.8% | 5.8% | 5.1% | 5.1% | 5.0% | 5.1% | 5.6% | 5.7% |
OGE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OGE Energy Corp. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (20% below the sector average of 5.2x). Net debt stands at $5.7B ($5.7B total debt minus $200000 cash). Interest coverage of just 3.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.14 | 1.14 | 1.19 | 1.07 | 1.03 | 1.23 | 0.99 | 0.80 | 0.79 | 0.82 | 0.83 |
| Debt / EBITDA | 4.17 | 4.17 | 4.30 | 4.18 | 4.10 | 5.19 | 3.93 | 3.85 | 3.88 | 3.99 | 3.47 |
| Net Debt / Equity | — | 1.14 | 1.19 | 1.07 | 1.01 | 1.23 | 0.99 | 0.80 | 0.76 | 0.82 | 0.83 |
| Net Debt / EBITDA | 4.16 | 4.16 | 4.30 | 4.18 | 4.02 | 5.19 | 3.93 | 3.85 | 3.76 | 3.97 | 3.47 |
| Debt / FCF | — | 68.45 | — | 89.45 | — | — | 57.60 | 71.90 | 8.09 | — | — |
| Interest Coverage | 2.96 | 2.96 | 3.05 | 3.04 | 5.75 | 6.43 | -0.88 | 4.07 | 3.97 | 4.52 | 4.25 |
OGE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.78x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.65x to 0.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.78 | 0.78 | 0.73 | 0.65 | 0.74 | 0.56 | 0.61 | 0.65 | 0.64 | 0.52 | 0.53 |
| Quick Ratio | 0.49 | 0.49 | 0.42 | 0.30 | 0.58 | 0.42 | 0.40 | 0.45 | 0.43 | 0.35 | 0.38 |
| Cash Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | — | 0.00 | — | 0.11 | 0.02 | 0.00 |
| Asset Turnover | — | 0.23 | 0.22 | 0.21 | 0.27 | 0.29 | 0.20 | 0.20 | 0.21 | 0.22 | 0.23 |
| Inventory Turnover | 5.60 | 5.60 | 4.21 | 3.43 | 7.48 | 16.35 | 7.25 | 9.34 | 7.42 | 8.22 | 8.16 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
OGE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OGE Energy Corp. returns 3.6% to shareholders annually primarily through dividends. The payout ratio of 72.6% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.6% | 4.0% | 0.0% | 4.7% | 4.1% | 4.2% | 4.9% | 3.4% | 3.5% | 3.8% | 3.4% |
| Payout Ratio | 72.6% | 72.6% | 0.3% | 79.9% | 49.5% | 44.1% | — | 69.0% | 64.0% | 40.0% | 66.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 5.4% | 5.3% | 5.9% | 8.4% | 9.6% | — | 4.9% | 5.4% | 9.4% | 5.1% |
| FCF Yield | 0.8% | 1.0% | — | 0.8% | — | — | 1.0% | 0.5% | 4.8% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.6% | 4.0% | 0.0% | 4.7% | 4.1% | 4.2% | 5.2% | 3.4% | 3.5% | 3.8% | 3.4% |
| Shares Outstanding | — | $203M | $201M | $201M | $201M | $200M | $200M | $201M | $201M | $200M | $200M |
Peer Comparison
Compare OGE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OGEYou | $10B | 20.4 | 11.3 | 118.0 | 44.2% | 24.5% | 9.8% | 5.8% | 4.2 |
 EVRG | $19B | 22.5 | 12.7 | — | 32.3% | 25.2% | 8.4% | 4.5% | 5.7 |
 NWE | $4B | 23.8 | 13.2 | — | 82.3% | 20.2% | 6.3% | 4.0% | 5.7 |
 AVA | $3B | 16.7 | 10.3 | — | 24.2% | 18.0% | 7.3% | 4.5% | 5.3 |
 OTTR | $4B | 13.4 | 9.5 | 37.5 | 27.8% | 26.5% | 15.6% | 10.4% | 2.4 |
 IDA | $8B | 24.1 | 17.3 | — | 22.1% | 21.9% | 9.4% | 4.6% | 5.6 |
 AEP | $69B | 19.2 | 13.6 | — | 31.8% | 24.3% | 12.1% | 5.1% | 5.7 |
 XEL | $48B | 22.6 | 14.2 | — | 24.3% | 19.6% | 9.4% | 4.0% | 6.0 |
 WEC | $37B | 23.2 | 15.3 | — | 50.5% | 24.2% | 11.6% | 5.1% | 5.8 |
 DTE | $31B | 20.9 | 13.3 | — | 84.9% | 15.0% | 12.2% | 4.8% | 6.2 |
 CNP | $28B | 26.8 | 14.2 | — | 28.7% | 22.6% | 9.6% | 4.8% | 6.5 |
| Utilities Median | — | 19.0 | 11.9 | 18.6 | 38.4% | 18.5% | 9.3% | 4.9% | 5.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Deep dive into OGE consensus models and risk factors.
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OGE — Frequently Asked Questions
Quick answers to the most common questions about buying OGE stock.
What is OGE Energy Corp.'s P/E ratio?
OGE Energy Corp.'s current P/E ratio is 20.4x. The historical average is 15.2x. This places it at the 97th percentile of its historical range.
What is OGE Energy Corp.'s EV/EBITDA?
OGE Energy Corp.'s current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.3x.
What is OGE Energy Corp.'s ROE?
OGE Energy Corp.'s return on equity (ROE) is 9.8%. The historical average is 12.3%.
Is OGE stock overvalued?
Based on historical data, OGE Energy Corp. is trading at a P/E of 20.4x. This is at the 97th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is OGE Energy Corp.'s dividend yield?
OGE Energy Corp.'s current dividend yield is 3.57% with a payout ratio of 72.6%.
What are OGE Energy Corp.'s profit margins?
OGE Energy Corp. has 44.2% gross margin and 24.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does OGE Energy Corp. have?
OGE Energy Corp.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.