The PE ratio for Old National Bancorp stock stands at 10.72 as of Jul 25, 2024. This results from the current EPS of $1.86 and stock price of $19.93. An increase of 38% has been seen in the P/E ratio compared to the average of 7.8 of the last 4 quarters.
Over the last ten years, the average PE ratio of Old National Bancorp has been 13.7. The current 10.72 PE ratio is 22% 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 |
|---|---|---|
| 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% |
The current PE ratio of ONB is above the 3-year historical average, but it is below the 5 and 10-year averages.
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 (10.72) than its peer group average of 14.9.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 9.87 | $546.99M |
| PEBO Peoples Bancorp Inc | 10.07 | $1.2B |
| ONB Old National Bancorp | 10.87 | $6.45B |
| FRME First Merchants Corp | 11.92 | $2.42B |
| RF Regions Financial Corp | 12.37 | $20.84B |
| SRCE 1St Source Corp | 13.17 | $1.6B |
| HBAN Huntington Bancshares Inc | 13.51 | $21.93B |
| GABC German American Bancorp Inc | 14.7 | $1.24B |
| LKFN Lakeland Financial Corp | 19.61 | $1.82B |
| HBNC Horizon Bancorp Inc | 30.31 | $722.18M |
As of Jul 25, 2024, ONB stock has a price to earnings ratio of 10.72.
The 3-year average PE ratio for ONB stock is 10.58.
The 5-year average PE ratio for ONB stock is 10.95.
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 22% below its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Old National Bancorp's stock price is $19.93. 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 10.72. PE RATIO(10.72) = STOCK PRICE($19.93) / TTM EPS($1.86)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.