ON Semiconductor Corp (ON) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and one of the largest suppliers...
ON Semiconductor Corp (ON) currently trades at a P/E ratio of 44.49 (historical range: 8.76–93.19, median: 20.45), placing it at the 77th percentile — above its historical average, P/S ratio of 4.52 (range: 2.02–8.71, 78th percentile — above its historical average), EV/EBITDA of 19.91 (range: 7.99–103.07, 59th percentile).
Over the historical period (2021-09-14 to 2026-10-16), ON Semiconductor Corp's P/E ratio has expanded by 79% over the observed period (from an average of 22.6 to 40.4).
ON Semiconductor Corp trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 44.49 | 20.45 | 77th | above its historical average |
| P/S Ratio | 4.52 | 3.99 | 78th | above its historical average |
| EV/EBITDA | 19.91 | 16.60 | 59th | near its historical average |
| FCF Yield | 5.35% | 4.37% | 71th | below its historical average |
ON Semiconductor Corp (ON) Valuation & P/E History
ON Semiconductor Corp (ON) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry currently trading at $71.72 with a market capitalization of $27.9 billion. This page provides historical valuation analysis for ON based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 44.49 is above the historical median of 20.45, placing ON at the 77th percentile of its valuation range. The P/S ratio of 4.52 compares to a median of 3.99.
ON Valuation Metrics & Historical Range
The valuation table above shows ON Semiconductor Corp's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ON is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ON is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for ON Semiconductor Corp.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ON Overvalued or Undervalued?
ON Semiconductor Corp trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 71 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ON is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ON analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ON trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.