P/E ratio for Old National Bank (ONB)
P/E ratio as of June 2023 (TTM): 6.70
According to Old National Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.7049. At the end of 2021 the company had a P/E ratio of 10.8.
P/E ratio history for Old National Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 10.8 | -10.69% |
| 2020 | 12.1 | -8.55% |
| 2019 | 13.2 | 5.3% |
| 2018 | 12.5 | -48.33% |
| 2017 | 24.3 | 40.36% |
| 2016 | 17.3 | 29.01% |
| 2015 | 13.4 | -13.52% |
| 2014 | 15.5 | 0.88% |
| 2013 | 15.4 | 22.57% |
| 2012 | 12.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 7.12 | 6.17% | 🇺🇸 USA |
 Regions Financial
RF | 7.77 | 15.95% | 🇺🇸 USA |
 Peoples Bancorp PEBO | 7.58 | 13.07% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 13.3 | 98.26% | 🇺🇸 USA |
 German American Bancorp GABC | 9.39 | 40.00% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 7.27 | 8.42% | 🇺🇸 USA |
 First Financial THFF | 6.14 | -8.47% | 🇺🇸 USA |
 1st Source
SRCE | 8.99 | 34.14% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 4.77 | -28.83% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.