Home Compare KOG.OL vs OKE
Stock Comparison · Comparison

Kongsberg Gruppen A vs ONEOK: Which Stock Looks Stronger in 2026?

Kongsberg Gruppen ASA holds the cleaner structural position, with the lead spread across profitability and valuation. ONEOK still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (KOG.OL: STOXX 600, OKE: S&P 500).

Updated 2026-08-16

This is not just a one-metric split: both profitability and growth materially support the lead. The overall score gap is 8 points in favour of Kongsberg Gruppen ASA.

Trajectory Similarity
0.62
Moderately similar
Peer-set rank: #6
within Kongsberg Gruppen ASA'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 strongest overlap appears in revenue stability.

Similarity drivers
revenue stability
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
KOG.OL
Kongsberg Gruppen ASA
58
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600
vs
OKE
ONEOK, Inc.
50
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

Score differences across key dimensions.

Dimension spread: KOG.OL vs OKE Profitability 86 29 Stability 54 41 Valuation 24 80 Growth 71 45 KOG.OL OKE
Gap Ranking
#1 Profitability +57
#2 Valuation +56
#3 Growth +26
#4 Stability +13
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for KOG.OL and OKE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer KOG.OLOKE Relative valuation Structural strength

The setup splits cleanly: structure favours Kongsberg Gruppen ASA, while the price setup favours ONEOK, Inc..

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

Entry today — historical context

Where KOG.OL and OKE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY KOG.OL Elevated · near norm 0th 50th 100th 3 pct gap OKE Elevated · near norm 0th 50th 100th 94th 97th
KOG.OL (94th percentile) and OKE (97th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Kongsberg Gruppen ASA ranks near the top of the group on profitability; ONEOK, Inc. sits in the weaker half.
Valuation
The same broad pattern appears on valuation: ONEOK, Inc. ranks near the top of the group, while Kongsberg Gruppen ASA stays in the weaker half.
Profitability — Dominant Gap
KOG.OL
86
OKE
29
Gap+57in favour of KOG.OL

Capital efficiency adds support, with a 36-point ROIC advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for ONEOK, with a forward P/E that is 14.8 turns lower there.

What this means for the comparison

The profitability edge is decisive, even though current pricing and valuation still lean somewhat toward ONEOK, Inc..

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how KOG.OL 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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.