Old National Bancorp (FRA:ON1) PEG Ratio: 3.74 (As of Jul. 18, 2026) — 27% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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FRA:ON1 Old National Bancorp FRA:ON1
66 GF Score
Price €23.40
GF Value €19.90
! 7 Warning Signs
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What is Old National Bancorp PEG Ratio?

Old National Bancorp FRA:ON1 +2.63% 66 PEG Ratio is 3.74 as of Jul. 18, 2026, which is 27% above its 10-year median of 2.94. GuruFocus rates FRA:ON1 with a GF Score™ of 66/100 and a GF Value™ of €19.90. The stock has 7 warning signs investors should review. Among 1,228 Banks companies, Old National Bancorp ranks worse than 79.15% on this metric.

PE Ratio without NRI / 5-Year Book Value Growth Rate*

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, Old National Bancorp's PE Ratio without NRI is 11.58. Old National Bancorp's 5-Year Book Value growth rate is 3.10%. Therefore, Old National Bancorp's PEG Ratio for today is 3.74.

* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.


The historical rank and industry rank for Old National Bancorp's PEG Ratio or its related term are showing as below:

FRA:ON1' s PEG Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.94   Max: 12.29
Current: 3.67


During the past 13 years, Old National Bancorp's highest PEG Ratio was 12.29. The lowest was 1.21. And the median was 2.94.


FRA:ON1's PEG Ratio is ranked worse than
79.15% of 1228 companies
in the Banks industry
Industry Median: 1.555 vs FRA:ON1: 3.67

Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.


Old National Bancorp  (FRA:ON1) PEG Ratio Explanation

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.


Old National Bancorp PEG Ratio Related Terms


Old National Bancorp PEG Ratio Historical Data

* Premium members only.

The historical data trend for Old National Bancorp's PEG 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.

Old National Bancorp PEG Ratio Chart

Old National Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PEG Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.45 2.32 6.10 9.64 3.09

Old National Bancorp Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PEG Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.48 5.64 4.22 3.09 2.32

FRA:ON1 vs SSB, ZION, CFR: PEG Ratio Comparison

For the Banks - Regional subindustry, Old National Bancorp's PEG Ratio, along with its competitors' market caps and PEG 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 PEG Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Old National Bancorp's PEG Ratio distribution charts can be found below:

* The bar in red indicates where Old National Bancorp's PEG Ratio falls into.


FRA:ON1
66GF Score
Old National Bancorp FRA:ON1
PEG Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Old National Bancorp PEG Ratio Calculation

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The ratio we use is the 5-Year Book Value growth rate.

Old National Bancorp's PEG Ratio for today is calculated as

PEG Ratio=PE Ratio without NRI/5-Year Book Value Growth Rate*
=11.584158415842/3.10
=3.74

* 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.

* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.

Frequently Asked Questions Learn more about PEG Ratio →
What does a PEG Ratio of 3.74 mean?
Old National Bancorp (FRA:ON1) has a PEG Ratio of 3.74 as of Jul. 18, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Old National Bancorp and its competitors. This is 27% above median its historical median of 2.94. Over the past decade, Old National Bancorp's PEG Ratio has ranged from 1.21 to 12.29. According to the industry distribution chart, Old National Bancorp ranks #972 out of 1228 companies in the Banks industry, placing it in the top 79.2%.
Is Old National Bancorp's PEG Ratio too high?
Old National Bancorp's current PEG Ratio of 3.74 is 27% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 12.29. The Banks industry median PEG Ratio is 1.56. Old National Bancorp's value of 3.74 is 140.5% above this industry median. Based on the distribution chart, Old National Bancorp ranks #972 out of 1228 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, reflecting its overall financial health beyond just this single metric.
How does Old National Bancorp's PEG Ratio compare to SSB and ZION?
According to the Banks industry distribution chart, Old National Bancorp ranks #972 out of 1228 companies for PEG Ratio. This places Old National Bancorp in the lower half of its industry. The industry median PEG Ratio is 1.56. Old National Bancorp's value of 3.74 is 140.5% above this benchmark. Historically, Old National Bancorp's own PEG Ratio has ranged from 1.21 to 12.29 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 1.56, 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 PEG Ratio for a Banks company?
The median PEG Ratio among Banks companies is 1.56, based on 1,228 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Old National Bancorp's current PEG Ratio of 3.74 is 140.5% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Old National Bancorp and its competitors. For the Banks industry, the median PEG Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old National Bancorp's current PEG Ratio is 3.74, which is 27% above median its own 10-year median of 2.94. 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?
Old National Bancorp (FRA:ON1) has a current PEG Ratio of 3.74. The stock's GF Value™ is €19.90, compared to a current price of €23.40 — trading 17.6% above its estimated fair value. The current PEG Ratio is 3.74, which is 27% above median its 10-year median of 2.94 and 140.5% above the Banks industry median of 1.56. 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 PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Old National Bancorp (FRA:ON1), the current PEG Ratio is 3.74 as of Jul. 18, 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 (FRA:ON1) Overvalued in 2026?

Based on GuruFocus' analysis, Old National Bancorp stock appears to be overvalued. The current stock price of €23.40 is trading 17.6% above its estimated GF Value™ of €19.90.

Key valuation signals for FRA:ON1:

  • PEG Ratio: 3.74 (27% above median its 10-year median of 2.94)
  • GF Value™: €19.90 vs. price of €23.40 (17.6% above fair value)
  • GF Score™: 66/100 with 7 warning signs
  • Industry Position: 140.5% above the Banks median (#972 of 1228)

No single metric tells the full story. See the FRA:ON1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Old National Bancorp Business Description

Other Exchanges ONB:USA
Address One Main Street, Evansville, IN, USA, 47708
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

Get the complete analysis for FRA:ON1

PEG Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€23.40
Price
€19.90
GF Value