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Stock Comparison · Structural lead, mixed market

Coherent vs ONEOK: Which Stock Looks Stronger in 2026?

ONEOK holds the cleaner structural position, with the lead spread across valuation and profitability. Coherent does not offset that deficit through any equally strong structural edge elsewhere. In the market, Coherent carries the stronger setup — intact trend against ONEOK's broken trend. That leaves a split case: the structural lead stays with ONEOK, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in valuation, but profitability adds another real layer to the result. ONEOK, Inc. leads by 36 points on the overall comparison score.

Trajectory Similarity
0.62
Moderately similar
Peer-set rank: #9
within Coherent Corp.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

The clearest structural overlap shows up in revenue growth trajectory and operating margin level.

Similarity drivers
revenue growth trajectoryoperating margin level
What reduces the match
recent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
COHR
Coherent Corp.
23
Peer-Score
Signal qualityMedium
vs
OKE
ONEOK, Inc.
59
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: COHR vs OKE Profitability 5 42 Stability 31 37 Valuation 8 83 Growth 62 71 COHR OKE
Gap Ranking
#1 Valuation +75
#2 Profitability +37
#3 Growth +9
#4 Stability +6
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for COHR and OKE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer COHROKE Relative valuation Structural strength

ONEOK, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, ONEOK, Inc. ranks near the top of the group; Coherent Corp. sits in the weaker half.
Profitability
ONEOK, Inc. sits higher in the group on profitability, adding to the overall structural advantage.
Valuation — Dominant Gap
COHR
8
OKE
83
Gap+75in favour of OKE

The multiple-based pricing edge comes from a forward P/E that is 20.1 turns lower.

What keeps the gap from being one-sided

On the market side, Coherent carries the stronger trend while ONEOK's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

The lead is built on both valuation and profitability, making it broader than a single-dimension result.

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Break down the COHR vs OKE comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how COHR and OKE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.