OGE Energy (OGE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

OGE Energy

NYSE•Utilities•Utilities - Regulated Electric

$45.51-0.79(-0.02%)After hours

Market Cap

$9.40B

P/E

20.1x

P/S

2.9x

P/B

1.9x

OGE Energy Corp., through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States. It owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets. The company also provides retail electric services to approximately 913,000 customers that covers a service area of approximately 30,000 square miles. Additionally, it offers bill payment and electric construction services for residential and business sectors. OGE Energy Corp. was founded in 1902 and is based in Oklahoma City, Oklahoma.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (16/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability15/25

Growth11/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality16/25

Strengths

Strong marginsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.1x5y range 8.0x – 21.6x

Currently near its 20-quarter median.

P/S · 2.9x5y range 1.9x – 3.1x

Currently near its 20-quarter median.

P/B · 1.9x5y range 1.5x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 5.8% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.4x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $9.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.24B
Q. Revenue: $711.90M
TTM EBITDA: $1.34B
TTM Op. Income: $784.20M
Q. Op. Income: $191.60M
TTM Net Income: $467.00M
Q. Net Income: $116.30M
EPS: $0.56
Shares Out.: $206.50M

$3.24B in TTM revenue grew 0.6% YoY, reaching $711.90M last quarter. TTM EBITDA of $1.34B and TTM operating income of $784.20M show growth is flowing through to the bottom line. TTM net income of $467.00M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 69.4%
EBITDA Margin: 46.3%
Op. Margin: 26.9%
Net Margin: 16.3%

Op. margin of 26.9% is up 1.8% YoY — cost efficiency is improving. Net margin at 16.3% and gross margin of 69.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 7% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.1x
P/S Ratio: 2.9x
P/B Ratio: 1.9x

At 20.1x P/E, the stock trades within typical market levels. P/S of 2.9x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 11% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $14.63B
Cash: $900,000
Long-Term Debt: $5.60B
Book Value: $4.98B
D/E Ratio: 1.1
Debt/EBITDA: 17.0

With $14.63B in assets and $5.60B in long-term debt, D/E is 1.1and book value is $4.98B — moderate leverage. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $335.90M
TTM Free Cash Flow: $274.20M
FCF Margin: 8.5%
FCF / Net Income: 0.6

TTM FCF of $274.20M on $335.90M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.