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Stock Comparison · Structural lead, mixed market

ONEOK vs Western Digital: Which Stock Looks Stronger in 2026?

ONEOK holds the cleaner structural position, with valuation as the main driver and profitability adding further support. Western Digital does not offset that deficit through any equally strong structural edge elsewhere. In the market, Western Digital 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 lead is spread across valuation and profitability, rather than sitting in one isolated gap. ONEOK, Inc. leads by 23 points on the overall comparison score.

Trajectory Similarity
0.55
Loose match
Peer-set rank: #23
within ONEOK, Inc.'s functional peer set

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

A loose similarity means the comparison is still methodologically valid, but the structural overlap is limited.

The match is driven mainly by recent revenue growth and margin trend.

Similarity drivers
recent revenue growthmargin trend
What reduces the match
revenue growth trajectory
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
OKE
ONEOK, Inc.
59
Peer-Score
Signal qualityMedium
vs
WDC
Western Digital Corporation
36
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: OKE vs WDC Profitability 42 20 Stability 37 25 Valuation 83 60 Growth 71 OKE WDC
Gap Ranking
#1 Valuation +23
#2 Profitability +22
#3 Stability +12
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for OKE and WDC Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer OKEWDC Relative valuation Structural strength

ONEOK, Inc. looks stronger both structurally and on relative valuation.

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

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but ONEOK, Inc. still holds a clear edge.
Profitability
ONEOK, Inc. holds the stronger peer position on profitability.
Valuation — Dominant Gap
OKE
83
WDC
60
Gap+23in favour of OKE

The multiple-based pricing edge comes from a forward P/E that is 5.2 turns lower.

What keeps the gap from being one-sided

On the market side, Western Digital 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

Valuation is the clearest driver, and profitability also supports ONEOK, Inc.'s broader structural position.

Explore full peer positioning in AssetNext

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

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Similar valuation-and-profitability comparisons

Explore how OKE and WDC 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.