Old National BancorpONB +0.17%66 EV-to-FCF is 21.92 as of Jul. 10, 2026, which is 13% above its 10-year median of 19.36. GuruFocus rates ONB with a GF Score™ of 66/100 and a GF Value™ of $22.71 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,193 Banks companies, Old National Bancorp ranks worse than 84.24% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Old National Bancorp's Enterprise Value is $15,961 Mil.
Old National Bancorp's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $728 Mil. Therefore, Old National Bancorp's EV-to-FCF for today is 21.92.
The historical rank and industry rank for Old National Bancorp's EV-to-FCF or its related term are showing as below:
ONB'
s EV-to-FCF Range Over the Past 10 Years
Min: -57.53 Med: 19.36 Max: 194.65
Current: 21.92
During the past 13 years, the highest EV-to-FCF of Old National Bancorp was 194.65. The lowest was -57.53. And the median was 19.36.
ONB's EV-to-FCF is ranked worse than 84.24% of 1193
companies
in the Banks industry
Industry Median: 6.57
vs ONB: 21.92
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Old National Bancorp (NAS:ONB) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Old National Bancorp's PE Ratio (TTM) for today is calculated as:
Old National Bancorp's share price for today is $26.21.
Old National Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.938.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Old National Bancorp EV-to-FCF Related Terms
Old National Bancorp EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Old National Bancorp's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Old National Bancorp's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Old National Bancorp EV-to-FCF vs Banks Industry
For the Banks industry and Financial Services sector, Old National Bancorp's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Old National Bancorp's EV-to-FCF falls into.
Old National Bancorp's current Enterprise Value is $15,961 Mil.
Old National Bancorp's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $728 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Old National Bancorp (ONB) has a EV-to-FCF of 21.92 as of Jul. 10, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Old National Bancorp and its competitors. This is 13% above median its historical median of 19.36. According to the industry distribution chart, Old National Bancorp ranks #1005 out of 1193 companies in the Banks industry, placing it in the top 84.2%.
Is Old National Bancorp's EV-to-FCF too high?
Old National Bancorp's current EV-to-FCF of 21.92 is 13% above median its 10-year median of 19.36. The Banks industry median EV-to-FCF is 6.57. Old National Bancorp's value of 21.92 is 233.6% above this industry median. Based on the distribution chart, Old National Bancorp ranks #1005 out of 1193 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Old National Bancorp has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old National Bancorp's EV-to-FCF compare to SSB and ZION?
According to the Banks industry distribution chart, Old National Bancorp ranks #1005 out of 1193 companies for EV-to-FCF. This places Old National Bancorp in the lower half of its industry. The industry median EV-to-FCF is 6.57. Old National Bancorp's value of 21.92 is 233.6% above this benchmark. While the company's 10-year median is 19.36 vs. the industry median of 6.57, Old National Bancorp has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Banks company?
The median EV-to-FCF among Banks companies is 6.57, based on 1,193 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Old National Bancorp's current EV-to-FCF of 21.92 is 233.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Old National Bancorp and its competitors. For the Banks industry, the median EV-to-FCF is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old National Bancorp's current EV-to-FCF is 21.92, which is 13% above median its own 10-year median of 19.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old National Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Old National Bancorp (ONB) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.71, compared to a current price of $26.21 — trading 15.4% above its estimated fair value. The current EV-to-FCF is 21.92, which is 13% above median its 10-year median of 19.36 and 233.6% above the Banks industry median of 6.57. Old National Bancorp's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Old National Bancorp (ONB), the current EV-to-FCF is 21.92 as of Jul. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Old National Bancorp (ONB) Overvalued in 2026?
Based on GuruFocus' analysis, Old National Bancorp stock appears to be overvalued.
The current stock price of $26.21 is trading 15.4% above its estimated GF Value™ of $22.71.
GuruFocus considers Old National Bancorp to be Modestly Overvalued.
Key valuation signals for ONB:
EV-to-FCF: 21.92 (13% above median its 10-year median of 19.36)
GF Value™: $22.71 vs. price of $26.21 (15.4% above fair value)
Industry Position: 233.6% above the Banks median (#1005 of 1193)
No single metric tells the full story. See the ONB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 businesses, it provides treasury management, merchant, and capital markets services as well as community development lending and equity investment solutions intended to produce jobs and revitalize its communities. It earns interest income on loans as well as fee income from the origination of loans and from providing other services to its clients.
66GF Score
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