ONB
Old National Bancorp
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: ONB
- PE Ratio
The PE ratio for Old National Bancorp stock stands at 11.74 as of Aug 1, 2026. This results from the current EPS of $2.27 and stock price of $26.64. The current PE ratio is nearly equal to the average from the previous 4 quarters.
ONB PE ratio history
Over the last ten years, the average PE ratio of Old National Bancorp has been 13.25. The current 11.74 PE ratio is 11% below the historical average. Over the past ten years, ONB's PE ratio was at its highest in the Dec 2017 quarter at 25.29, with a price of $17.45 and an EPS of $0.69. The Jun 2023 quarter recorded the bottom point at 6.39, with a price of $13.94 and an EPS of $2.18.
Old National Bancorp PE ratio by year
Maximum annual increase: 48.27% in 2024
Maximum annual decrease: -50.49% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 12.39 | -3.5% | $22.31 | $1.8 |
| 2024 | 12.84 | 48.27% | $21.71 | $1.69 |
| 2023 | 8.66 | -27.29% | $16.89 | $1.95 |
| 2022 | 11.91 | 10.38% | $17.98 | $1.51 |
| 2021 | 10.79 | -10.75% | $18.12 | $1.68 |
| 2020 | 12.09 | -8.13% | $16.56 | $1.37 |
| 2019 | 13.16 | 5.11% | $18.29 | $1.39 |
| 2018 | 12.52 | -50.49% | $15.4 | $1.23 |
| 2017 | 25.29 | 46.27% | $17.45 | $0.69 |
| 2016 | 17.29 | 28.74% | $18.15 | $1.05 |
| 2015 | 13.43 | -13.35% | $13.56 | $1.01 |
| 2014 | 15.5 | 0.85% | $14.88 | $0.96 |
| 2013 | 15.37 | 23.06% | $15.37 | $1 |
| 2012 | 12.49 | -18.53% | $11.87 | $0.95 |
| 2011 | 15.33 | -43.26% | $11.65 | $0.76 |
Old National Bancorp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 11.41 | 1.15% | $25.9 | $2.27 |
| Mar 2026 | 11.28 | -8.96% | $22.1 | $1.96 |
| Dec 2025 | 12.39 | -2.36% | $22.31 | $1.8 |
| Sep 2025 | 12.69 | 1.68% | $21.95 | $1.73 |
| Jun 2025 | 12.48 | 2.46% | $21.34 | $1.71 |
| Mar 2025 | 12.18 | -5.14% | $21.19 | $1.74 |
| Dec 2024 | 12.84 | 14.23% | $21.71 | $1.69 |
| Sep 2024 | 11.24 | 11.84% | $18.66 | $1.66 |
| Jun 2024 | 10.05 | 7.37% | $17.19 | $1.71 |
| Mar 2024 | 9.36 | 8.08% | $17.41 | $1.86 |
| Dec 2023 | 8.66 | 31.01% | $16.89 | $1.95 |
| Sep 2023 | 6.61 | 3.44% | $14.54 | $2.2 |
| Jun 2023 | 6.39 | -9.62% | $13.94 | $2.18 |
| Mar 2023 | 7.07 | -40.64% | $14.42 | $2.04 |
| Dec 2022 | 11.91 | -23.36% | $17.98 | $1.51 |
ONB Price vs fair value
ONB 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.
The current PE ratio of ONB is above the 3 and 5-year historical averages, but it is below the 10-year average.
PE comparison
With a P/E of 11.74, ONB is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 13.56, Old National Bancorp's P/E is 13% lower.
ONB PE vs peers
ONB's PE ratio is lower than its peer stocks HBAN and RF. Old National Bancorp is presently trading at a lower PE ratio (11.74) than its peer group average of 13.03.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ONB Old National Bancorp | 11.87 | $10.31B |
| THFF First Financial Corp | 12.12 | $979.89M |
| PEBO Peoples Bancorp Inc | 12.58 | $1.51B |
| FRME First Merchants Corp | 12.89 | $2.77B |
| RF Regions Financial Corp | 12.91 | $26.77B |
| SRCE 1St Source Corp | 13.12 | $2.2B |
| HBAN Huntington Bancshares Inc | 13.18 | $34.87B |
| GABC German American Bancorp Inc | 14.2 | $1.94B |
| LKFN Lakeland Financial Corp | 14.92 | $1.59B |
| HBNC Horizon Bancorp Inc | N/A | $1.07B |
Frequently asked questions
What is Old National Bancorp's PE ratio?
As of Aug 1, 2026, ONB stock has a price to earnings ratio of 11.74.
What is the 3-year average PE ratio for Old National Bancorp (ONB)?
The 3-year average PE ratio for ONB stock is 10.93.
What is the 5-year average PE ratio for Old National Bancorp (ONB)?
The 5-year average PE ratio for ONB stock is 11.15.
What is the highest PE ratio for ONB?
Over the last ten years, the quarterly PE ratio reached a historic high of 25.29 in the Dec 2017 quarter.
How does the current PE ratio for ONB compare to its historical average?
ONB's price to earnings ratio is currently 11% below its 10-year historical average.
How is ONB's PE ratio calculated (Old National Bancorp PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Aug 1, 2026), Old National Bancorp's stock price is $26.64. The earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $2.27. Therefore, Old National Bancorp's P/E ratio for today is 11.74. PE RATIO(11.74) = STOCK PRICE($26.64) / TTM EPS($2.27)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.