Old National Bancorp (ONB) Valuation
Historical valuation analysis based on 500 data points (2024-09-26 to 2026-09-24)
Old National Bancorp is a provider of lending and deposit services. The bank offers comprehensive wealth management, trust, investment advisory, brokerage, and foreign currency services. For busine...
Old National Bancorp (ONB) currently trades at a P/E ratio of 12.84 (historical range: 10.22–15.59, median: 12.94), placing it at the 45th percentile — near its historical average, P/S ratio of 2.43 (range: 1.92–2.71, 70th percentile — above its historical average).
Old National Bancorp trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 12.84 | 10.22 | 12.94 | 15.59 | 45th | near its historical average |
| P/S Ratio | 2.43 | 1.92 | 2.33 | 2.71 | 70th | above its historical average |
| FCF Yield | 0.07 | 0.06 | 0.08 | 0.10 | 49th | near its historical average |
Old National Bancorp (ONB) Valuation & P/E History
Old National Bancorp (ONB) is a US-listed stock operating in the Financial Services sector, specifically the National Commercial Banks industry currently trading at $25.09 with a market capitalization of $9.6 billion. This page provides historical valuation analysis for ONB based on 500 data points covering 2024-09-26 to 2026-09-24. The P/E ratio of 12.84 is below the historical median of 12.94, placing ONB at the 45th percentile of its valuation range. The P/S ratio of 2.43 compares to a median of 2.33.
ONB Valuation Metrics & Historical Range
The valuation table above shows Old National Bancorp's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ONB is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ONB is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Old National Bancorp.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ONB Overvalued or Undervalued?
Old National Bancorp trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 58 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ONB is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ONB analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ONB trades on NYSE. This page is for informational purposes only and is not financial advice.