ON

ON Semiconductor Corporation

Fundamental data last updated:September 12, 2026

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company profile

SECTOR

Technology

industry

Semiconductors

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company operates through three segments the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group segments. It offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, including power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, including silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Phoenix, Arizona.

 


VALUATION

P/E

82.86

Market Cap ($M USD)

$47.27B

Forward P/E

21.91

PEG

0.08

PRICE TO SALES

7.80

PRICE TO BOOK

6.51

EV / EBITDA

39.69

5-Year Average P/E

Free Cash Flow Yield

3.08%

DCF Value

$22.14

Graham Number

$24.63

Price to FCF

32.51

EV to FCF

33.20

Earnings Yield

1.21%

FCF Yield

3.08%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.46

Next Year EPS Growth Estimate

$5.51

Next Year Revenue Growth Estimate

$7.94B

Return on Equity (ROE)

7.45%

FREE CASH FLOW

Operating Margin

10.84%

Debt-to-Equity

0.45

Piotroski F-Score

7

Altman Z-Score

8.37

Return on Invested Capital (ROIC)

6.07%

Current Ratio

4.87

Quick Ratio

3.14

Net Debt to EBITDA

0.82

Interest Coverage

10.02

Gross Profit margin

37.22%

FCF PER SHARE

$3.69

REVENUE PER SHARE

$15.38

Gainseekers Quantitative Analysis

Summary

ON Semiconductor Corporation’s valuation paints a stark picture of market exuberance. With a Price/Earnings ratio soaring above 70, the stock is priced for perfection, yet its DCF Value and Graham Number suggest a significant overvaluation. The Forward P/E of 18.75 hints at expected growth, but the minuscule Earnings Yield of 1.41% raises questions about immediate returns. However, the Altman Z-score of 7.28 indicates robust financial health, suggesting low bankruptcy risk despite the inflated valuation. Investors must weigh these contradictions carefully.

AI Exposure / Tech Reliance

Positioned in the semiconductor industry, ON Semiconductor is at the heart of the AI and tech revolution. Its products are crucial for powering AI applications, making it well-suited to capitalize on modern technological shifts. The company's adaptability in this fast-evolving sector is a key asset.

The Bull Case

For the value-driven investor, ON Semiconductor offers compelling institutional tailwinds. A Piotroski F-Score of 7 signals strong financial health, while a solid ROIC of 6.07% reflects efficient capital use. The company's Free Cash Flow Yield, though modest, combined with a healthy Operating Margin of 10.84%, underscores its ability to generate cash and maintain pricing power. These metrics suggest a company poised to leverage its capital efficiently in a growth-oriented market.

The Bear Case

Despite its strengths, ON Semiconductor faces significant structural risks. The Price/Sales ratio of 6.67 and Price/Book of 5.57 indicate a potentially overextended valuation. Trading near its 52-week high, the stock appears technically overbought. Moreover, the Earnings Yield of 1.41% offers little immediate return, challenging the justification for its current market price. Investors should be wary of these valuation pressures.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$94.25

Institutional Ownership %

1-Year Beta

1.94

Insider Buying % (6 Mo)

Distance to 52-Week High

7.06%

Distance to 52-Week Low

65.60%

EARNINGS SURPRISE %

4.40%

50-DAY SMA

$88.97

200-DAY SMA

$63.58

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.