Stock Analysis
Onto Innovation Inc.ONTO
P/E 79.20×· 5Y range 14.46–165.15×· top 8% of history
Sector: Technology · Industry: Measuring & Controlling Devices, Nec
AnalystsStrong Buy18 analystsP/E 79.2× sits at the 92nd percentile of its 5.0513347022587265-year history.
Cash covers 3660% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Financial Health100
Risks
- Valuation17
- Growth37
Mixed fundamentals at a demanding price.
Market context
-5.2% today· Z 1.2σ
Bull Case
- ✓Altman Z 27.4 — safe-zone balance sheet
- ✓Interest coverage 200.9× — debt well covered
What's happening with ONTO
Profile
Strong financial health; valuation and growth lag behind.
How is each axis scored?
- Valuation17/100 · Weak
- P/E vs own history (92th pct)0/25
- FCF yield (2.3%)5/25
- P/S (9.6x)12/25
- EV/EBIT (47.4x)0/25
- Growth37/100 · Weak
- Revenue CAGR (6.2%)12/25
- Net income CAGR (-1.0%)0/25
- EPS CAGR 5Y (-0.7%)0/25
- Fwd implied growth (176.2%)25/25
- Profitability57/100 · Moderate
- ROIC (11.5%)12/25
- ROE (6.5%)5/25
- Net margin (12.2%)20/25
- Operating margin (19.1%)20/25
- Financial Health100/100 · Strong
- Altman Z (27.41)25/25
- Current ratio (5.79)25/25
- Interest coverage (200.9x)25/25
- Net cash / debt (Net cash)25/25
- Quality52/100 · Moderate
- Piotroski F (5/9)15/25
- Beneish M (-2.75)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 10.8%)12/25
- Moat70/100 · Moderate
- ROIC >12% years (6/10 yrs)13/25
- Median gross margin (52.6%)20/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 0.6%)12/25
Risk Flags
- ⚠P/E 79.2× at top 8% of 5-year history
About Onto Innovation Inc.
Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. Show more
The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea the sources of total revenue.
Headquarters: WILMINGTON, MA · Employees: 1,790 · 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
17EP/E (TTM)78.9xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 14.5x–165.1x · 92nd pct
P/FCF44.7xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield2.3%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 1.0%–5.4% · 41st pct
P/S (TTM)9.64xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 3.0x–17.1x · 72nd pct
EV/EBIT47.4xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 42.0x–74.0x · 5th pct
EV/Sales10.3xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E28.6xC
Grade C: ExpensivePrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio5.14xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub 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
57CROIC11.5%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE6.5%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA5.0%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.2%A
Grade A: HighNet Income / Revenue
Operating Margin19.1%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin54.7%A
Grade A: PremiumGross Profit / Revenue
FCF Margin22.5%A
Grade A: HighFCF / Revenue
True FCF Margin19.8%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
37DRevenue CAGR6.2%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-1.0%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-0.7%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 Growth176.2%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)-1.1%B
Grade B: FlatShare count change over 5Y
SBC / Net Income22.8%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.8%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
100A+Altman Z-Score27.41A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio5.79xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio8.17xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage200.9xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt RepaymentNet CashA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.01xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt36.60xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
52CPiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.75A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability10.8%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue1.2%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.42xD
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 |
|---|---|---|---|---|
MILLER DAVID BRIAN Filed | MILLER DAVID BRIAN | SellOpen market sale | -2000 | |
Chen Shirley Filed | Chen Shirley | Tax withholding | -1516 | |
ROBERTS BRIAN K Filed | ROBERTS BRIAN K | Tax withholding | -3239 | |
Lynch Susan D Filed | Lynch Susan D | SellOpen market sale | -1000 | |
Su May Filed | Su May | Grant / award | +761 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Lynch Susan D Filed | Lynch Susan D | Grant / award | +761 | |
Kelley Stephen Douglas Filed | Kelley Stephen Douglas | Grant / award | +761 | |
SCHWARTZ STEPHEN S Filed | SCHWARTZ STEPHEN S | Grant / award | +761 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
70B+ROIC >12% Years6/10 yrsC
Grade C: ModerateShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)52.6%A
Grade A: DurableMedian 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 Floor0.6%C
Grade C: ModerateWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.79
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$38.39
Cash & short-term investments per share (Finnhub)
Book Value / Share$39.21
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$17.48M
Total debt obligations (short + long term)
Cash & Equiv.$639.62M
Cash and short-term investments
Net Debt$-622.15MA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$2.10B
Shareholders' equity (book value)
Asset / Liability8.86xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$10.80B
Current Market Capitalization
Beta1.63C
Grade C: VolatilePrice 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 Jun 2026 · Ratio snapshot Oct 16, 2026
Key Insights: Onto Innovation Inc. (ONTO)
ONTO is down 5.15% in after-hours trading. Piotroski F-Score of 5/9 indicates mixed fundamentals for Onto Innovation Inc.. Altman Z-Score of 27.41 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.75 suggests a low likelihood of earnings manipulation.
- Onto Innovation Inc. converts about 23% of revenue into free cash flow — strong cash generation.
- Company is effectively debt-free after netting cash.
- At a valuation score of 17/100, ONTO trades at a premium to its historical multiples (P/E 78.9).
See how ONTO ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all ONTO moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Regular | 241.54 | -8.35% | -2.67 |
| Oct 14 | After-hours | 237.00 | -10.07% | -3.22 |
| Oct 12 | Regular | 275.22 | -6.56% | -2.67 |
| Oct 12 | After-hours | 270.26 | -8.24% | -3.31 |
| Sep 21 | Regular | 276.05 | +4.79% | 3.19 |
Frequently Asked Questions about ONTO
What is the current Onto Innovation Inc. (ONTO) stock price?
ONTO is trading at $220.00 in after-hours trading, down 5.15% on the session. PreMarketPrice tracks ONTO pre-market, intraday and after-hours prices.
Is ONTO stock a buy right now?
PreMarketPrice's quantitative model rates Onto Innovation Inc.'s financial health at 100/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is ONTO stock overvalued?
Onto Innovation Inc. trades at a trailing P/E of 78.9 and our valuation score rates it 17/100 (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 Onto Innovation Inc. report earnings?
No confirmed earnings date is currently scheduled for ONTO. The Earnings section lists recent reports and updates as dates are announced.
What sector does Onto Innovation Inc. operate in?
Onto Innovation Inc. operates in the Technology sector, within the Measuring & Controlling Devices, Nec industry. The Related Stocks section lists sector peers for comparison.
What does Onto Innovation Inc. do?
Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers.
About Onto Innovation Inc. (ONTO) Stock
Onto Innovation Inc. (ONTO) is a US-listed stock operating in the Technology sector, specifically the Measuring & Controlling Devices, Nec industry. As of the latest update, Onto Innovation Inc. is trading at $220.00, down 5.15% on the day with a market capitalization of $10.8 billion. The financial health score for ONTO is 100/100, 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 ONTO stock.
ONTO Stock Analysis & Key Metrics
On PreMarketPrice, you can track Onto Innovation Inc. (ONTO) across multiple dimensions:
- Pre-market price & movement: Real-time ONTO 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 ONTO with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Onto Innovation Inc. across multiple reporting periods.
- Financial health score: A composite score of 100/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for ONTO.
- Sector peers: Compare ONTO against 6 other technology stocks on key financial metrics.
Is ONTO a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Onto Innovation Inc. (ONTO) as an investment. The financial health score of 100/100 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.Onto Innovation Inc. (ONTO) 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.