The PE ratio for Old National Bancorp stock stands at 6.65 as of Sep 28, 2023. This results from the current EPS of $2.18 and stock price of $14.49. A decrease of 35% has been seen in the P/E ratio compared to the average of 10.2 of the last 4 quarters.
Over the last ten years, the average PE ratio of Old National Bancorp has been 14.23. The current 6.65 PE ratio is 53% 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.
Maximum annual increase: 46.27% in 2017
Maximum annual decrease: -50.49% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 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% |
| 2013 | 15.37 | 23.06% |
The current PE ratio of ONB is below the 3, 5 and 10-year averages.
ONB's PE ratio is lower than its peer stocks RF and LKFN, but it is greater than HBAN's and FRME's. Old National Bancorp is presently trading at a lower PE ratio (6.65) than its peer group average of 7.64.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HBNC Horizon Bancorp Inc | 5.68 | $471.09M |
| THFF First Financial Corp | 6.19 | $410.04M |
| FRME First Merchants Corp | 6.4 | $1.67B |
| HBAN Huntington Bancshares Inc | 6.68 | $15.2B |
| ONB Old National Bancorp | 6.74 | $4.3B |
| PEBO Peoples Bancorp Inc | 7.32 | $900.53M |
| RF Regions Financial Corp | 7.4 | $16.33B |
| SRCE 1St Source Corp | 8.18 | $1.03B |
| GABC German American Bancorp Inc | 8.76 | $808.24M |
| LKFN Lakeland Financial Corp | 12.94 | $1.2B |
As of Sep 28, 2023, ONB stock has a price to earnings ratio of 6.65.
The 3-year average PE ratio for ONB stock is 11.23.
The 5-year average PE ratio for ONB stock is 12.31.
Over the last ten years, the quarterly PE ratio reached a historic high of 25.29 in the Dec 2017 quarter.
ONB's price to earnings ratio is currently 53% below its 10-year historical average.
ONB's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Sep 28, 2023), Old National Bancorp's stock price is $14.49. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.18. Therefore, Old National Bancorp's P/E ratio for today is 6.65. PE RATIO(6.65) = STOCK PRICE($14.49) / TTM EPS($2.18)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.