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ONB Old National Bancorp PE ratio, current and historical analysis

The PE ratio for Old National Bancorp stock stands at 8.86 as of Jun 21, 2024. This results from the current EPS of $1.86 and stock price of $16.48. An increase of 14% has been seen in the P/E ratio compared to the average of 7.8 of the last 4 quarters.

ONB PE ratio history

How has ONB's PE ratio performed in the past

Over the last ten years, the average PE ratio of Old National Bancorp has been 13.75. The current 8.86 PE ratio is 36% 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.

Average
13.75
Median
13.09
Minimum
6.39
Maximum
25.29

Old National Bancorp PE ratio by year

Maximum annual increase: 46.27% in 2017

Maximum annual decrease: -50.49% in 2018

Year PE ratio Change
2023 8.66 -27.29%
2022 11.91 10.38%
2021 10.79 -10.75%
2020 12.09 -8.13%
2019 13.16 5.11%
2018 12.52 -50.49%
2017 25.29 46.27%
2016 17.29 28.74%
2015 13.43 -13.35%
2014 15.5 0.85%

ONB average PE ratio chart

What is the average PE ratio of ONB for the past years

The current PE ratio of ONB is below the 3, 5 and 10-year averages.

3-year avg
10.5
5-year avg
11.03
10-year avg
13.75
15-year avg
18.26

ONB PE vs peers

What is ONB's PE ratio compared to its peers

ONB's PE ratio is lower than its peer stocks HBAN and RF, but it is greater than PEBO's and THFF's. Old National Bancorp is presently trading at a lower PE ratio (8.86) than its peer group average of 11.82.

Stock name PE ratio Market cap
THFF First Financial Corp 7.43 $411.6M
PEBO Peoples Bancorp Inc 8.47 $1.01B
ONB Old National Bancorp 8.86 $5.26B
FRME First Merchants Corp 9.1 $1.85B
SRCE 1St Source Corp 10.14 $1.23B
RF Regions Financial Corp 10.29 $17.34B
HBAN Huntington Bancshares Inc 11.28 $18.3B
GABC German American Bancorp Inc 11.61 $977.78M
LKFN Lakeland Financial Corp 16.3 $1.51B
HBNC Horizon Bancorp Inc 21.76 $518.36M

Frequently asked questions

What is Old National Bancorp's PE ratio?

As of Jun 21, 2024, ONB stock has a price to earnings ratio of 8.86.

What is the 3-year average PE ratio for Old National Bancorp (ONB)?

The 3-year average PE ratio for ONB stock is 10.5.

What is the 5-year average PE ratio for Old National Bancorp (ONB)?

The 5-year average PE ratio for ONB stock is 11.03.

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 36% below its 10-year historical average.

Why is Old National Bancorp's PE ratio so low?

ONB's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.

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 (Jun 21, 2024), Old National Bancorp's stock price is $16.48. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.86. Therefore, Old National Bancorp's P/E ratio for today is 8.86. PE RATIO(8.86) = STOCK PRICE($16.48) / TTM EPS($1.86)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.