Stock Analysis
ON Semiconductor CorpON
P/E 44.49×· 5Y range 8.76–93.19×· 77th percentile of history
Sector: Technology · Industry: Semiconductors & Related Devices
AnalystsBuy38 analystsP/E 44.5× sits at the 77th percentile of its 5.086926762491444-year history.
Cash covers 82% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Financial Health95
- Quality77
Risks
- Valuation57
- Growth25
Mixed fundamentals at a demanding price.
Market context
-2.3% today· Z 1.0σ
Bull Case
- ✓Altman Z 4.5 — safe-zone balance sheet
- ✓Interest coverage 33.7× — debt well covered
What's happening with ON
Profile
Strong financial health and earnings quality; growth lags behind.
How is each axis scored?
- Valuation57/100 · Moderate
- P/E vs own history (77th pct)5/25
- FCF yield (5.4%)20/25
- P/S (4.5x)20/25
- EV/EBIT (19.8x)12/25
- Growth25/100 · Weak
- Revenue CAGR (-2.9%)0/25
- Net income CAGR (-41.2%)0/25
- EPS CAGR 5Y (-40.1%)0/25
- Fwd implied growth (151.6%)25/25
- Profitability64/100 · Moderate
- ROIC (14.2%)12/25
- ROE (8.7%)12/25
- Net margin (10.2%)20/25
- Operating margin (23.4%)20/25
- Financial Health95/100 · Strong
- Altman Z (4.48)25/25
- Current ratio (3.46)25/25
- Interest coverage (33.7x)25/25
- Net cash / debt (D/A 6%)20/25
- Quality77/100 · Strong
- Piotroski F (5/9)15/25
- Beneish M (-2.87)25/25
- FCF conversion (238%)25/25
- Margin stability (σ 9.5%)12/25
- Moat63/100 · Moderate
- ROIC >12% years (5/10 yrs)13/25
- Median gross margin (37.4%)13/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 2.0%)12/25
Risk Flags
- ⚠Revenue shrinking 2.9%/yr
About ON Semiconductor Corp
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Show more
Onsemi is the second-largest power chipmaker in the world and one of the largest suppliers of image sensors to the automotive market. Its chips sell into vehicle drivetrains, automotive safety systems, energy infrastructure, industrial automation, and data centers. Onsemi manufactures most of its products in-house, vertically integrated from design to production. Its sales are split between direct and distribution, and it holds a global manufacturing and customer footprint.
Headquarters: SCOTTSDALE, AZ · Employees: 22,670 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
57CP/E (TTM)44.3xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 8.8x–93.2x · 77th pct
P/FCF19.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield5.4%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 1.3%–10.3% · 71st pct
P/S (TTM)4.50xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 2.0x–8.7x · 78th pct
EV/EBIT19.8xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 8.0x–103.1x · 59th pct
EV/Sales4.8xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E17.6xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.86xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.23B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
64BROIC14.2%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE8.7%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA4.9%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin10.2%A
Grade A: HighNet Income / Revenue
Operating Margin23.4%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin37.7%C
Grade C: AverageGross Profit / Revenue
FCF Margin24.2%A
Grade A: HighFCF / Revenue
True FCF Margin21.8%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
25ERevenue CAGR-2.9%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-41.2%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-40.1%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth151.6%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-12.4%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income23.9%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.4%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
95A+Altman Z-Score4.48A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio3.46xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.49xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage33.7xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment0.6yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT0.6xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.65xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.82xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
77B+Piotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.87A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion238.1%A
Grade A: StrongFCF / Net Income
Margin Stability9.5%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue2.8%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.49xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
MASCARENAS PAUL ANTHONY Filed | MASCARENAS PAUL ANTHONY | Grant / award | +126 | |
GOPALSWAMY SUDHIR Filed | GOPALSWAMY SUDHIR | SellOpen market sale | -15578 | |
MASCARENAS PAUL ANTHONY Filed | MASCARENAS PAUL ANTHONY | Grant / award | +116 | |
GOPALSWAMY SUDHIR Filed | GOPALSWAMY SUDHIR | Tax withholding | -470 | |
Deitrich Thomas Filed | Deitrich Thomas | Grant / award | +2.0K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
WATERS GREGORY L Filed | WATERS GREGORY L | Grant / award | +2.0K | |
CARTER SUSAN K Filed | CARTER SUSAN K | Grant / award | +2.0K | |
Yan Christine Y Filed | Yan Christine Y | Grant / award | +2.0K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
63BROIC >12% Years5/10 yrsC
Grade C: ModerateShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)37.4%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor2.0%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$1.62
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$9.93
Cash & short-term investments per share (Finnhub)
Book Value / Share$18.54
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$4.71B
Total debt obligations (short + long term)
Cash & Equiv.$3.86B
Cash and short-term investments
Net Debt$844.50M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$7.24B
Shareholders' equity (book value)
Asset / Liability2.16xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$27.92B
Current Market Capitalization
Beta2.17D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jul 2026 · Ratio snapshot Oct 17, 2026
Key Insights: ON Semiconductor Corp (ON)
ON is down 2.32% at the last close. Piotroski F-Score of 5/9 indicates mixed fundamentals for ON Semiconductor Corp. Altman Z-Score of 4.48 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.87 suggests a low likelihood of earnings manipulation.
- Revenue has been contracting (CAGR ≈ -3%), which weighs on the growth outlook.
- ON Semiconductor Corp converts about 24% of revenue into free cash flow — strong cash generation.
- Takes ~0.6 years to repay net debt from free cash flow.
See how ON ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ON moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | After-hours | 71.82 | -6.35% | -2.60 |
Frequently Asked Questions about ON
What is the current ON Semiconductor Corp (ON) stock price?
ON is trading at $72.02 at the last market close, down 2.32% on the session. PreMarketPrice tracks ON pre-market, intraday and after-hours prices.
Is ON stock a buy right now?
PreMarketPrice's quantitative model rates ON Semiconductor Corp's financial health at 95/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ON stock overvalued?
ON Semiconductor Corp trades at a trailing P/E of 44.3 and our valuation score rates it 57/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does ON Semiconductor Corp report earnings?
No confirmed earnings date is currently scheduled for ON. The Earnings section lists recent reports and updates as dates are announced.
What sector does ON Semiconductor Corp operate in?
ON Semiconductor Corp operates in the Technology sector, within the Semiconductors & Related Devices industry. The Related Stocks section lists sector peers for comparison.
What does ON Semiconductor Corp do?
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets.
About ON Semiconductor Corp (ON) Stock
ON Semiconductor Corp (ON) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry. As of the latest update, ON Semiconductor Corp is trading at $72.02, down 2.32% on the day with a market capitalization of $27.9 billion. The financial health score for ON is 95/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for ON stock.
ON Stock Analysis & Key Metrics
On PreMarketPrice, you can track ON Semiconductor Corp (ON) across multiple dimensions:
- Pre-market price & movement: Real-time ON stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for ON with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for ON Semiconductor Corp across multiple reporting periods.
- Financial health score: A composite score of 95/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ON.
- Sector peers: Compare ON against 6 other technology stocks on key financial metrics.
Is ON a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate ON Semiconductor Corp (ON) as an investment. The financial health score of 95/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.ON Semiconductor Corp (ON) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.