P/E ratio for Old National Bank (ONB)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
First Financial THFF	8.46	-4.23%	🇺🇸 USA
1st Source SRCE	11.9	34.21%	🇺🇸 USA
German American Bancorp GABC	12.8	45.02%	🇺🇸 USA
First Merchants Corporation FRME	9.00	1.94%	🇺🇸 USA
Huntington Bancshares HBAN	9.65	9.20%	🇺🇸 USA
Lakeland Financial Corp LKFN	19.3	118.63%	🇺🇸 USA
Horizon Bancorp HBNC	9.57	8.38%	🇺🇸 USA
Peoples Bancorp PEBO	8.99	1.82%	🇺🇸 USA
Regions Financial RF	9.57	8.37%	🇺🇸 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.