Old National BancorpONB +0.77%66 PB Ratio is 1.22 as of Jul. 06, 2026, which is 16% above its 10-year median of 1.05. GuruFocus rates ONB with a GF Score™ of 66/100 and a GF Value™ of $22.70 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,518 Banks companies, Old National Bancorp ranks worse than 58.37% on this metric.
Old National Bancorp stock PB Ratio (=1.21) is close to 5-year high of 1.27.
The historical rank and industry rank for Old National Bancorp's PB Ratio or its related term are showing as below:
ONB'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.05 Max: 1.42
Current: 1.22
During the past 13 years, Old National Bancorp's highest PB Ratio was 1.42. The lowest was 0.70. And the median was 1.05.
ONB's PB Ratio is ranked worse than 58.37% of 1518
companies
in the Banks industry
Industry Median: 1.1
vs ONB: 1.22
During the past 12 months, Old National Bancorp's average Book Value Per Share Growth Rate was 8.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Old National Bancorp was 8.30% per year. The lowest was -3.00% per year. And the median was 4.40% per year.
Back to Basics: PB Ratio
Old National Bancorp (NAS:ONB) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Old National Bancorp PB Ratio Related Terms
Old National Bancorp PB Ratio Historical Data
* Premium members only.
The historical data trend for Old National Bancorp's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Old National Bancorp's PB Ratio distribution charts can be found below:
* The bar in red indicates where Old National Bancorp's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Old National Bancorp (ONB) has a PB Ratio of 1.22 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Old National Bancorp and its competitors. This is 16% above median its historical median of 1.05. Over the past decade, Old National Bancorp's PB Ratio has ranged from 0.70 to 1.42. According to the industry distribution chart, Old National Bancorp ranks #886 out of 1518 companies in the Banks industry, placing it in the top 58.4%.
Is Old National Bancorp's PB Ratio too high?
Old National Bancorp's current PB Ratio of 1.22 is 16% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.42. The Banks industry median PB Ratio is 1.10. Old National Bancorp's value of 1.22 is 10.9% above this industry median. Based on the distribution chart, Old National Bancorp ranks #886 out of 1518 companies in the Banks industry, which is below the industry midpoint. 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 PB Ratio compare to SSB and ZION?
According to the Banks industry distribution chart, Old National Bancorp ranks #886 out of 1518 companies for PB Ratio. This places Old National Bancorp in the lower half of its industry. The industry median PB Ratio is 1.10. Old National Bancorp's value of 1.22 is 10.9% above this benchmark. Historically, Old National Bancorp's own PB Ratio has ranged from 0.70 to 1.42 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.10, 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 PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.10, based on 1,518 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Old National Bancorp's current PB Ratio of 1.22 is 10.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Old National Bancorp and its competitors. For the Banks industry, the median PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old National Bancorp's current PB Ratio is 1.22, which is 16% above median its own 10-year median of 1.05. 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 $22.70, compared to a current price of $26.20 — trading 15.4% above its estimated fair value. The current PB Ratio is 1.22, which is 16% above median its 10-year median of 1.05 and 10.9% above the Banks industry median of 1.10. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Old National Bancorp (ONB), the current PB Ratio is 1.22 as of Jul. 06, 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 $26.20 is trading 15.4% above its estimated GF Value™ of $22.70.
GuruFocus considers Old National Bancorp to be Modestly Overvalued.
Key valuation signals for ONB:
PB Ratio: 1.22 (16% above median its 10-year median of 1.05)
GF Value™: $22.70 vs. price of $26.20 (15.4% above fair value)
Industry Position: 10.9% above the Banks median (#886 of 1518)
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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