P/E ratio for Old National Bank (ONB)
P/E ratio as of April 2024 (TTM): 7.66
According to Old National Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.65653. 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 |
|---|---|---|
| 2022 | 12.9 | 19.42% |
| 2021 | 10.8 | -10.78% |
| 2020 | 12.1 | -8.08% |
| 2019 | 13.2 | 5.42% |
| 2018 | 12.5 | -48.28% |
| 2017 | 24.1 | 39.34% |
| 2016 | 17.3 | 28.98% |
| 2015 | 13.4 | -13.16% |
| 2014 | 15.5 | 1.02% |
| 2013 | 15.3 | 22.13% |
| 2012 | 12.5 | -18.28% |
| 2011 | 15.3 | -43.27% |
| 2010 | 27.0 | -69.56% |
| 2009 | 88.8 | 364.46% |
| 2008 | 19.1 | 45.67% |
| 2007 | 13.1 | -16.77% |
| 2006 | 15.8 | -31.51% |
| 2005 | 23.0 | -14.94% |
| 2004 | 27.1 | 31.53% |
| 2003 | 20.6 | 63.6% |
| 2002 | 12.6 | -21.52% |
| 2001 | 16.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 8.82 | 15.17% | 🇺🇸 USA |
 Regions Financial
RF | 8.10 | 5.84% | 🇺🇸 USA |
 Peoples Bancorp PEBO | 8.68 | 13.34% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 17.0 | 122.55% | 🇺🇸 USA |
 German American Bancorp GABC | 10.4 | 35.59% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 8.13 | 6.15% | 🇺🇸 USA |
 First Financial THFF | 6.84 | -10.65% | 🇺🇸 USA |
 1st Source
SRCE | 9.99 | 30.45% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 6.93 | -9.49% | 🇺🇸 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.