Old National Bank
ONB
#2617
Rank
$5.03 B
Marketcap
$15.78
Share price
-0.75%
Change (1 day)
13.94%
Change (1 year)

P/E ratio for Old National Bank (ONB)

P/E ratio as of June 2024 (TTM): 7.25

According to Old National Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.2521. At the end of 2022 the company had a P/E ratio of 12.9.

P/E ratio history for Old National Bank from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202212.919.42%
202110.8-10.78%
202012.1-8.08%
201913.25.42%
201812.5-48.28%
201724.139.34%
201617.328.98%
201513.4-13.16%
201415.51.02%
201315.322.13%
201212.5-18.28%
201115.3-43.27%
201027.0-69.56%
200988.8364.46%
200819.145.67%
200713.1-16.77%
200615.8-31.51%
200523.0-14.94%
200427.131.53%
200320.663.6%
200212.6-21.52%
200116.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.03 10.76%๐Ÿ‡บ๐Ÿ‡ธ USA
7.71 6.27%๐Ÿ‡บ๐Ÿ‡ธ USA
8.14 12.25%๐Ÿ‡บ๐Ÿ‡ธ USA
17.0 134.30%๐Ÿ‡บ๐Ÿ‡ธ USA
10.3 42.00%๐Ÿ‡บ๐Ÿ‡ธ USA
7.32 0.95%๐Ÿ‡บ๐Ÿ‡ธ USA
6.51-10.27%๐Ÿ‡บ๐Ÿ‡ธ USA
9.64 32.94%๐Ÿ‡บ๐Ÿ‡ธ USA
6.77-6.62%๐Ÿ‡บ๐Ÿ‡ธ 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.