OGE Energy Corp. (OGE) Key Metrics
OGE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.82B
- Enterprise value
- $15.08B
- P/E (TTM)
- 20.9 10-yr median 18.4
- Forward P/E
- 17.2
- PEG ratio
- 2.99
- Price / sales
- 3.0 10-yr median 2.8
- Price / book
- 1.9 10-yr median 1.8
- EV / EBITDA
- 11.0 10-yr median 10.1
- Dividend yield
- 3.62% $1.72 a year
- Beta
- 0.49
OGE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOGE valuation Price multiples at each fiscal year-end price.
OGE returns How much profit the business earns on the capital it uses.
OGE per-share figures Results divided by the shares outstanding at year-end.
OGE financial health Debt, liquidity and how easily interest is covered.
OGE efficiency & capital use Working capital cycle and where the cash goes.
OGE valuation history
OGE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OGE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OGE cash returned to shareholders
OGE price vs earnings per share
OGE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.65B | $8.30B | $7.02B | $7.94B | $7.69B | $6.38B | $8.93B | $7.86B | $6.58B | $6.69B |
| Enterprise value | $14.31B | $13.83B | $11.86B | $12.40B | $12.67B | $9.96B | $11.55B | $10.91B | $9.74B | $9.55B |
| P/E ratio | 18.4 | 18.8 | 16.8 | 11.9 | 10.4 | — | 20.6 | 18.5 | 10.6 | 19.8 |
| Price / sales | 2.7 | 2.8 | 2.6 | 2.4 | 2.1 | 3.0 | 4.0 | 3.5 | 2.9 | 3.0 |
| Price / book | 1.7 | 1.8 | 1.6 | 1.8 | 1.9 | 1.8 | 2.2 | 2.0 | 1.7 | 1.9 |
| Price / free cash flow | 104.6 | — | 129.7 | — | — | 102.3 | 194.0 | 20.8 | — | — |
| Price / operating cash flow | 7.6 | 10.2 | 5.7 | 9.4 | — | 8.9 | 13.1 | 8.3 | 8.4 | 10.4 |
| EV / sales | 4.4 | 4.6 | 4.4 | 3.7 | 3.5 | 4.7 | 5.2 | 4.8 | 4.3 | 4.2 |
| EV / EBITDA | 10.3 | 10.5 | 9.9 | 8.8 | 8.7 | 39.8 | 11.9 | 11.1 | 9.6 | 10.0 |
| EV / free cash flow | 173.0 | — | 219.2 | — | — | 159.9 | 251.1 | 28.9 | — | — |
| Earnings yield | 5.4% | 5.3% | 5.9% | 8.4% | 9.6% | −2.7% | 4.9% | 5.4% | 9.4% | 5.1% |
| Free cash flow yield | 1.0% | −3.3% | 0.8% | −2.6% | −14.2% | 1.0% | 0.5% | 4.8% | −0.6% | −0.2% |
| Dividend yield | 4.0% | 4.1% | 4.7% | 4.1% | 4.2% | 4.9% | 3.4% | 3.5% | 3.8% | 3.4% |
| Shareholder yield (dividends + buybacks) | 4.0% | 4.1% | 4.7% | 4.2% | 4.3% | 5.2% | 3.5% | 3.5% | 3.8% | 3.4% |
| Share price at fiscal year-end | $42.70 | $41.25 | $34.93 | $39.55 | $38.38 | $31.86 | $44.47 | $39.19 | $32.91 | $33.45 |
| Per share | ||||||||||
| Revenue per share | $16.10 | $14.83 | $13.31 | $16.81 | $18.24 | $10.61 | $11.12 | $11.32 | $11.31 | $11.30 |
| Earnings per share | $2.32 | $2.19 | $2.07 | $3.32 | $3.68 | −$0.87 | $2.16 | $2.12 | $3.10 | $1.69 |
| Operating cash flow per share | $5.62 | $4.04 | $6.13 | $4.20 | −$1.56 | $3.56 | $3.40 | $4.74 | $3.92 | $3.23 |
| Free cash flow per share | $0.41 | −$1.38 | $0.27 | −$1.03 | −$5.45 | $0.31 | $0.23 | $1.88 | −$0.20 | −$0.08 |
| Cash per share | $0.00 | $0.00 | $0.00 | $0.44 | −$0.00 | $0.01 | $3.40 | $0.47 | $0.07 | $0.00 |
| Book value per share | $24.58 | $23.05 | $22.46 | $21.98 | $20.25 | $18.15 | $20.63 | $19.98 | $19.26 | $17.23 |
| Tangible book value per share | $24.57 | $20.33 | $20.72 | $21.03 | $26.91 | $24.49 | $20.76 | $18.94 | $17.59 | $15.97 |
| Dividends per share | $1.69 | $1.68 | $1.66 | $1.64 | $1.62 | $1.57 | $1.49 | $1.36 | $1.24 | $1.13 |
| Capex per share | $5.21 | $5.42 | $5.86 | $5.23 | $3.89 | $3.25 | $3.17 | $2.86 | $4.12 | $3.30 |
| Debt per share | $27.96 | $27.43 | $24.09 | $22.65 | $24.88 | $17.94 | $16.48 | $15.70 | $15.84 | $14.34 |
| Shares outstanding | 202.5M | 201.3M | 200.9M | 200.8M | 200.3M | 200.1M | 200.7M | 200.5M | 200.0M | 199.9M |
| Change in shares outstanding | +0.6% | +0.2% | +0.0% | +0.2% | +0.1% | −0.3% | +0.1% | +0.2% | +0.1% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.8% | 9.6% | 9.3% | 15.7% | 19.2% | −4.5% | 10.6% | 10.8% | 17.0% | 10.0% |
| Return on invested capital (ROIC) | 6.5% | 6.5% | 6.3% | 6.1% | 5.6% | 5.9% | 6.8% | 6.0% | 7.7% | 5.7% |
| Return on assets (ROA) | 3.4% | 3.3% | 3.3% | 5.3% | 6.3% | −1.6% | 4.0% | 4.0% | 6.1% | 3.5% |
| Return on tangible assets | 3.3% | 3.4% | 3.3% | 5.4% | 5.3% | −1.4% | 3.9% | 4.0% | 6.1% | 3.5% |
| Free cash flow margin | 2.5% | −9.3% | 2.0% | −6.2% | −29.9% | 2.9% | 2.1% | 16.6% | −1.8% | −0.7% |
| Income quality (OCF / net income) | 2.42 | 1.84 | 2.96 | 1.27 | −0.42 | — | 1.57 | 2.24 | 1.27 | 1.91 |
| Financial health | ||||||||||
| Total debt | $5.66B | $5.52B | $4.84B | $4.55B | $4.98B | $3.59B | $3.31B | $3.15B | $3.17B | $2.87B |
| Cash & short-term investments | $200,000 | $600,000 | $200,000 | $88.1M | −$358,000 | $1.1M | $681.5M | $94.3M | $14.4M | $300,000 |
| Net debt | $5.66B | $5.52B | $4.84B | $4.46B | $4.98B | $3.59B | $2.63B | $3.05B | $3.15B | $2.87B |
| Debt / equity | 1.14 | 1.19 | 1.07 | 1.03 | 1.23 | 0.99 | 0.80 | 0.79 | 0.82 | 0.83 |
| Debt / assets | 0.39 | 0.40 | 0.38 | 0.36 | 0.40 | 0.33 | 0.30 | 0.29 | 0.30 | 0.29 |
| Net debt / EBITDA | 4.07 | 4.20 | 4.03 | 3.15 | 3.42 | 14.32 | 2.71 | 3.09 | 3.11 | 2.99 |
| Current ratio | 0.78 | 0.73 | 0.65 | 0.74 | 0.56 | 0.61 | 0.65 | 0.64 | 0.52 | 0.53 |
| Quick ratio | 0.49 | 0.42 | 0.30 | 0.58 | 0.42 | 0.40 | 0.45 | 0.43 | 0.35 | 0.38 |
| Interest coverage | 3.0 | 2.9 | 2.8 | 3.9 | 3.4 | 3.3 | 3.3 | 2.9 | 3.2 | 3.4 |
| Working capital | −$236.2M | −$334.7M | −$407.7M | −$461.4M | −$476.0M | −$268.9M | −$227.7M | −$312.1M | −$453.5M | −$477.7M |
| Invested capital | $10.64B | $10.16B | $9.35B | $8.87B | $9.04B | $7.22B | $6.77B | $7.06B | $7.00B | $6.31B |
| Tangible asset value | $4.98B | $4.09B | $4.16B | $4.22B | $5.39B | $4.90B | $4.17B | $3.80B | $3.52B | $3.19B |
| Net current asset value | −$8.54B | −$8.18B | −$7.51B | −$6.79B | −$7.94B | −$6.66B | −$6.45B | −$6.19B | −$6.06B | −$5.95B |
| Graham number | $35.85 | $33.73 | $32.38 | $40.49 | $40.95 | — | $31.66 | $30.88 | $36.62 | $25.61 |
| Graham net-net per share | −$43.87 | −$42.55 | −$39.06 | −$36.12 | −$40.86 | −$34.16 | −$29.56 | −$31.77 | −$31.34 | −$30.94 |
| Capital allocation | ||||||||||
| Dividends paid | $341.9M | $338.5M | $333.2M | $329.3M | $324.9M | $314.9M | $299.2M | $272.2M | $247.6M | $225.1M |
| Share buybacks (net) | $0 | $0 | $0 | $900,000 | $3.4M | $14.7M | $10.3M | $100,000 | $100,000 | $0 |
| Dividend payout ratio | 72.6% | 76.7% | 79.9% | 49.5% | 44.1% | — | 69.0% | 64.0% | 40.0% | 66.6% |
| Dividends + buybacks / free cash flow | 413.4% | — | 615.9% | — | — | 529.1% | 672.8% | 72.1% | — | — |
| Capex / revenue | 32.3% | 36.5% | 44.1% | 31.1% | 21.3% | 30.7% | 28.5% | 25.3% | 36.4% | 29.2% |
| Capex / operating cash flow | 92.7% | 134.2% | 95.6% | 124.6% | — | 91.3% | 93.3% | 60.3% | 105.0% | 102.4% |
| Capex / depreciation | 1.88 | 2.02 | 2.33 | 2.28 | 1.87 | 1.66 | 1.79 | 1.78 | 2.91 | 2.05 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.5% | 0.3% | 0.3% | 0.5% | 0.6% | 0.6% | 0.4% | 0.2% |
| SG&A / revenue | — | — | — | 17.9% | 15.5% | 26.6% | 0.4% | 0.5% | 25.2% | 24.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 49.8 | 44.5 | 79.1 | 67.1 | 30.7 | 43.2 | 42.4 | 41.2 | 45.9 | 44.5 |
| Days of inventory on hand | 70.4 | 90.7 | 90.6 | 37.8 | 21.9 | 47.7 | 45.8 | 46.6 | 43.9 | 49.2 |
| Days payables outstanding | 65.8 | 66.8 | 93.6 | 61.0 | 37.0 | 73.6 | 62.0 | 62.7 | 58.6 | 64.8 |
| Cash conversion cycle (days) | 54.4 | 68.4 | 76.1 | 43.9 | 15.6 | 17.4 | 26.2 | 25.1 | 31.2 | 29.0 |
| Receivables turnover | 7.33 | 8.21 | 4.61 | 5.44 | 11.88 | 8.45 | 8.61 | 8.87 | 7.95 | 8.19 |
| Payables turnover | 5.55 | 5.47 | 3.90 | 5.99 | 9.86 | 4.96 | 5.89 | 5.82 | 6.22 | 5.63 |
| Inventory turnover | 5.18 | 4.02 | 4.03 | 9.66 | 16.65 | 7.65 | 7.96 | 7.83 | 8.31 | 7.42 |
| Asset turnover | 0.23 | 0.23 | 0.21 | 0.27 | 0.31 | 0.20 | 0.20 | 0.21 | 0.22 | 0.23 |
| Average receivables | $444.6M | $363.8M | $579.8M | $620.9M | $307.6M | $251.2M | $259.1M | $256.1M | $284.4M | $275.7M |
| Average payables | $328.1M | $291.1M | $362.6M | $361.4M | $262.8M | $223.2M | $217.1M | $234.8M | $217.9M | $233.9M |
| Average inventory | $351.2M | $395.2M | $351.1M | $223.9M | $155.6M | $144.8M | $160.6M | $174.7M | $163.3M | $177.7M |
| Intangibles / total assets | 0.0% | 4.0% | 2.7% | 1.5% | −10.6% | −11.8% | −0.3% | 1.9% | 3.2% | 2.5% |
Computed from OGE's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
OGE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), OGE Energy traded at 18.4 times earnings, against a 10-year median of 18.4. Based on the latest twelve months, the trailing P/E is 20.9 and the forward P/E is 17.2. OGE Energy earned a return on equity of 9.8% and a return on invested capital of 6.5% in fiscal 2025. It ended the year with $5.7 billion of debt and $0.2 million in cash and short-term investments, net debt of $5.7 billion. It returned $341.9 million to shareholders: $341.9 million in dividends and $0 in share buybacks, 413% of free cash flow.
See the OGE income statement, the OGE chart for price history, or the OGE stock overview for the latest quote and news.
OGE key metrics FAQ
What is OGE Energy's P/E ratio?
OGE Energy's trailing P/E ratio is 20.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.2. At the end of fiscal 2025 it was 18.4, compared with a 10-year median of 18.4.
What is OGE Energy's EV/EBITDA?
OGE Energy's enterprise value was 10.3 times EBITDA at the end of fiscal 2025 (enterprise value $14.3 billion, EBITDA $1.4 billion); the current EV/EBITDA is 11.0.
What is OGE Energy's return on equity?
OGE Energy's return on equity (ROE) was 9.8% in fiscal 2025: net income of $470.7 million on average shareholders' equity of $4.8 billion.
What is OGE Energy's ROIC?
OGE Energy's return on invested capital was 6.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does OGE Energy have?
OGE Energy had total debt of $5.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.14 and $5.7 billion of net debt (4.07 times EBITDA).
What is OGE Energy's dividend yield?
OGE Energy's forward dividend yield is 3.62%. OGE Energy paid $341.9 million in dividends in fiscal 2025 ($1.69 per share), a payout ratio of 72.6%.
What is OGE Energy's free cash flow yield?
OGE Energy generated $82.7 million of free cash flow in fiscal 2025, a free cash flow yield of 1.0% on its market value at year-end ($8.6 billion).
What is OGE Energy's current ratio?
OGE Energy's current ratio was 0.78 at the end of fiscal 2025: current assets were 0.78 times current liabilities.
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