OGE Energy Corp. (OGE) is a publicly traded company in the Utilities — Regulated Electric industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
OGE Energy Corp., along with its various subsidiaries, operates as a comprehensive energy and utility provider. The company facilitates the physical delivery and associated services for electricity, natural gas, crude oil, and natural gas liquids across the United States. Its core operations encompass the generation, transmission, distribution, and sale of electrical power.
Is OGE Energy Corp. stock overvalued or undervalued in 2026?
OGE Energy Corp. (OGE) trades at 18.6× earnings (P/E), below the median of the 83 utilities companies over $2bn in Kaplio's universe. At the decade median (17.6×) $47 (-6 %); at its sector median (20.7×) $55 (+12 %).
Kaplio overview: OGE Energy Corp.
Market cap $10B · 52 weeks $42 – $50 (1 % below the high) · P/E 18.6× · 2027 expected P/E 18.9× · Dividend 3.4 % · 11 years rising · Next earnings February 17, 2027 · expected EPS $0.32 · Closing price, Oct 30 · accounts published Oct 27.
- Valuation: P/E 18.6× (fairly priced).
- Business: ROE 11.1 % (solid).
- Balance sheet: Net debt/EBITDA 4.1× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (17.6×) $47 (-6 %); at its sector median (20.7×) $55 (+12 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in utilities: 4 of 5 pass
- Interest coverage 3.0×, borderline.
- Regulated ROE (8-12%) 11.1 %, passes.
- 10y dividend growth 5.1 %, passes.
- Net debt / EBITDA 4.1×, passes.
- Payout Ratio 72.6 %, passes, near the threshold.
Against its peers (reference peers) — OGE Energy Corp.: P/E 18.6×; EV/EBITDA 10.6×; ROIC 5.3 %; $10.2B. IDACORP, Inc. (P/E 22.3×; EV/EBITDA 14.1×; ROIC 4.0 %; $8.4B), Pinnacle West Capital Corporation (P/E 20.4×; EV/EBITDA 10.9×; ROIC 3.2 %; $12.9B), Alliant Energy Corporation (P/E 20.0×; EV/EBITDA 14.4×; ROIC 4.1 %; $18.6B).
Expensive or cheap against its last ten years?
P/E at each close: today 18.6× · median 17.6× · minimum 9.2× · maximum 27.0× · cheap below 12.5× · expensive above 20.5×. It has been cheaper than today 57% of the time over its last ten years.
Dividend
tight · Yield 3.4 % ($1.69 per share in 2025) · Years raising it ≥ 11 · 5-year growth +2 % a year · Free cash flow coverage -0.1× · With $1,000 invested today you'd collect $34.40 a year ($2.87 a month).
Profitability
| Return on Equity | 11.14% |
| Return on Invested Capital | 5.26% |
| Return on Assets | 3.75% |
| Gross Margin | 53.94% |
| Operating Margin | 25.84% |
| Net Margin | 16.61% |
Financial Health
| Debt / Equity | 1.12 |
| Current Ratio | 0.81 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.29 |
Price Performance
| 1 month | +8.32% |
| 3 months | +4.48% |
| Year-to-date | +15.85% |
| 1 year | +12.08% |
| 3 years | +43.39% |
| 5 years | +42.69% |
| 10 years | +66.40% |
Dividend History
Paid in the last 12 months: $1.7038 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-10-05 | $0.4288 |
| 2026-07-06 | $0.4250 |
| 2026-04-06 | $0.4250 |
| 2026-01-05 | $0.4250 |
| 2025-10-06 | $0.4250 |
| 2025-07-07 | $0.4213 |
| 2025-04-07 | $0.4213 |
| 2025-01-06 | $0.4213 |
| 2024-10-07 | $0.4213 |
| 2024-07-08 | $0.4182 |
Amounts adjusted for stock splits.
Related companies: EVRG · LNT · SO · DUK · ETR · DTE · EIX · PNW
Explore sector: Utilities · Regulated Electric
More sections of OGE: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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