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Old National Bancorp ONB NASDAQ

NASDAQ Global Select • Financial Services • Banks - Regional • US • USD

SharesGrow Score
66/100
4/7 Pass
SharesGrow Intrinsic Value
$40.26
+71.8%
Analyst Price Target
$27.29
+16.4%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Old National Bancorp (ONB) trades at a trailing P/E of 13.4, forward P/E of 9.0. Trailing earnings yield is 7.46%, forward earnings yield 11.07%. PEG 2.06. Graham Number is $29.16.

Criteria proven by this page:

  • VALUE (66/100, Pass) — P/E is below market average (13.4); analyst target implies upside (+16.4%); earnings yield beats bond yields (7.46%).
  • Forward P/E 9.0 (down from trailing 13.4) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 2.06 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 7.46% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 11.07% as earnings recover.
  • Analyst consensus target $27.29 (+16.4% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 66/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
66/100
SG Score
View full scorecard →
VALUE
66/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
58/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
17/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
59/100
→ Income
GROWTH
90/100
→ Income
INCOME
70/100
→ Income

Valuation Snapshot — ONB

Valuation Multiples
P/E (TTM)13.4
Forward P/E9.0
PEG Ratio2.06
Forward PEG0.20
P/B Ratio1.06
P/S Ratio2.43
EV/EBITDA16.5
Per Share Data
EPS (TTM)$1.73
Forward EPS (Est.)$2.59
Book Value / Share$21.90
Revenue / Share$9.56
FCF / Share$1.70
Yields & Fair Value
Earnings Yield7.46%
Forward Earnings Yield11.07%
Dividend Yield2.44%
Graham Number$29.16
SharesGrow IV$40.26 (+71.8%)
Analyst Target$27.29 (+16.4%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 17.3 4.36 1.28 3.56 2.91%
2017 25.1 -0.73 1.12 3.58 3.02%
2018 12.6 0.16 0.89 2.95 3.43%
2019 13.2 1.01 1.10 3.38 2.85%
2020 12.1 -8.41 0.92 3.04 3.39%
2021 10.8 0.48 0.99 3.51 3.10%
2022 11.6 -1.14 0.96 2.67 3.59%
2023 8.4 0.29 0.88 1.93 3.67%
2024 12.5 -0.93 1.06 2.27 2.85%
2025 12.9 1.99 1.02 2.33 2.60%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $1.05 $650.47M $134.26M 20.6%
2017 $0.69 $672.12M $95.73M 14.2%
2018 $1.22 $813.36M $190.83M 23.5%
2019 $1.38 $929.7M $238.21M 25.6%
2020 $1.36 $902.58M $226.41M 25.1%
2021 $1.67 $853.03M $277.54M 32.5%
2022 $1.50 $1.85B $428.29M 23.1%
2023 $1.94 $2.54B $581.99M 22.9%
2024 $1.68 $2.96B $539.19M 18.2%
2025 $1.79 $3.71B $669.26M 18%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $2.60 $2.57 – $2.65 $2.91B $2.89B – $2.93B 9
2027 $2.85 $2.79 – $2.96 $3.05B $3.04B – $3.06B 9
2028 $3.19 $3.15 – $3.24 $3.2B $3.2B – $3.2B 4
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