Nope, and that’s a common confusion. A knighthood (like “Sir” or “Dame”) is a higher honor, called a KBE. OBE is the one just below that.
So if an OBE is like a gold star, a knighthood is like a golden crown. Still, an OBE is hugely respected and often leads to more opportunities and speaking engagements.
For most people, an OBE is the achievement of a lifetime. It’s the kind of thing you’d put on your resume and brag about at every family dinner.