HBNC
Horizon Bancorp
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: HBNC
- PE Ratio
The current PE ratio of HBNC can't be determined, as the TTM EPS of -$3.01 is negative. The last recorded PE ratio for Horizon Bancorp was 12.92 in June 2025.
HBNC PE ratio history
The average historical PE ratio of Horizon Bancorp for the last ten years is 14.05. Over the past ten years, HBNC's PE ratio was at its highest in the Sep 2024 quarter at 32.4, when the stock price was $15.55 and the EPS was $0.48. The lowest value was in the Mar 2023 quarter, when it reached 5.48 with a price of $11.06 and an EPS of $2.02.
Horizon Bancorp PE ratio by year
Maximum annual increase: 217.16% in 2023
Maximum annual decrease: -41.22% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | N/A | N/A | $16.96 | -$3.24 |
| 2024 | 19.89 | -11.05% | $16.11 | $0.81 |
| 2023 | 22.36 | 217.16% | $14.31 | $0.64 |
| 2022 | 7.05 | -32.73% | $15.08 | $2.14 |
| 2021 | 10.48 | 3.05% | $20.85 | $1.99 |
| 2020 | 10.17 | -18.12% | $15.86 | $1.56 |
| 2019 | 12.42 | 9.43% | $19 | $1.53 |
| 2018 | 11.35 | -41.22% | $15.78 | $1.39 |
| 2017 | 19.31 | -17.23% | $18.53 | $0.96 |
| 2016 | 23.33 | 63.38% | $18.67 | $0.8 |
| 2015 | 14.28 | 8.18% | $12.43 | $0.87 |
| 2014 | 13.2 | 17.23% | $11.62 | $0.88 |
| 2013 | 11.26 | 36.65% | $11.26 | $1 |
| 2012 | 8.24 | 10.75% | $8.73 | $1.06 |
| 2011 | 7.44 | -22.09% | $5.14 | $0.69 |
Horizon Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | N/A | N/A | $16.57 | -$3.01 |
| Dec 2025 | N/A | N/A | $16.96 | -$3.24 |
| Sep 2025 | N/A | N/A | $16.01 | -$3.92 |
| Jun 2025 | 12.92 | -10.9% | $15.38 | $1.19 |
| Mar 2025 | 14.5 | -27.1% | $15.08 | $1.04 |
| Dec 2024 | 19.89 | -38.61% | $16.11 | $0.81 |
| Sep 2024 | 32.4 | 12.62% | $15.55 | $0.48 |
| Jun 2024 | 28.77 | 21.09% | $12.37 | $0.43 |
| Mar 2024 | 23.76 | 6.26% | $12.83 | $0.54 |
| Dec 2023 | 22.36 | 256.05% | $14.31 | $0.64 |
| Sep 2023 | 6.28 | 13.36% | $10.68 | $1.7 |
| Jun 2023 | 5.54 | 1.09% | $10.41 | $1.88 |
| Mar 2023 | 5.48 | -22.27% | $11.06 | $2.02 |
| Dec 2022 | 7.05 | -15.57% | $15.08 | $2.14 |
| Sep 2022 | 8.35 | 2.08% | $17.96 | $2.15 |
HBNC Price vs fair value
HBNC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
PE comparison
HBNC PE vs peers
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 11.05 | $893.32M |
| SRCE 1St Source Corp | 12.11 | $1.9B |
| FRME First Merchants Corp | 12.29 | $2.64B |
| GABC German American Bancorp Inc | 12.61 | $1.72B |
| ONB Old National Bancorp | 12.92 | $9.78B |
| LKFN Lakeland Financial Corp | 14.32 | $1.53B |
| HBNC Horizon Bancorp Inc | N/A | $1.01B |
Frequently asked questions
What is Horizon Bancorp's PE ratio?
The current price to earnings ratio of HBNC can't be calculated, as its EPS of -$3.01 is negative.
What is the 3-year average PE ratio for Horizon Bancorp (HBNC)?
As an average over the last 3 years, HBNC stock has a PE ratio of 18.49.
What is the 5-year average PE ratio for Horizon Bancorp (HBNC)?
As an average over the last 5 years, HBNC stock has a PE ratio of 13.72.
What is the highest PE ratio for HBNC?
The highest quarterly PE ratio in the last ten years has been 32.4 and it was in the Sep 2024 quarter.
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.