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	9.19	-7.23%	🇺🇸 USA
1st Source SRCE	12.9	29.96%	🇺🇸 USA
German American Bancorp GABC	14.6	47.80%	🇺🇸 USA
First Merchants Corporation FRME	10.4	4.83%	🇺🇸 USA
Huntington Bancshares HBAN	11.6	17.33%	🇺🇸 USA
Lakeland Financial Corp LKFN	21.2	113.73%	🇺🇸 USA
Horizon Bancorp HBNC	10.8	9.47%	🇺🇸 USA
Peoples Bancorp PEBO	10.3	3.73%	🇺🇸 USA
Regions Financial RF	11.2	12.99%	🇺🇸 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.