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OLD NATIONAL BANCORP /IN/ ONB

Nasdaq · stock · National Commercial Banks · website · IPO 1984-06-20

OLD NATIONAL BANCORP /IN/ statistics & valuation

P / E14.9×
P / B1.2×
P / FCF15.7×
Graham number +9.4%$29.63

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($29.63); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
7.40% 4.40% 7.10% 8.40% 7.60% 9.20% 8.40% 10.50% 8.50% 7.90% 2016201720182019202020212022202320242025
Shares outstanding
135.2M 152.0M 175.1M 172.7M 166.2M 165.9M 292.9M 292.7M 319.0M 389.7M 2016201720182019202020212022202320242025
Net debt ($)
-$36.6M -$41.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.90% 0.50% 1.00% 1.20% 1.00% 1.10% 0.90% 1.20% 1.00% 0.90% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-103.90% 207.00% 157.80% 150.10% 159.50% 224.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.12× 0.12× 2016201720182019202020212022202320242025
EPS ($)
$1.05 $0.69 $1.22 $1.38 $1.36 $1.67 $1.50 $1.94 $1.68 $1.79 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

OLD NATIONAL BANCORP /IN/ trades at about 15.1× earnings — above its 10-year norm (10-year range 8.5×–25.1×, median 13.2×).

8.5× 25.1×

Shaded band = 10-year range (8.5×–25.1×); dot = today's 15.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin220.9%191.2%182.1%149.8%78.2%97.8%
FCF margin224.2%159.5%150.1%157.8%207.0%-103.9%
Return on assets0.9%1.0%1.2%0.9%1.1%1.0%1.2%1.0%0.5%0.9%
Return on equity7.9%8.5%10.5%8.4%9.2%7.6%8.4%7.1%4.4%7.4%
Debt / equity0.12×0.12×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.