ONON Semiconductor

$73.23

Is the price fair?

What ON's price assumes

ON Semiconductor trades at 47.3× earnings against 69.5× for the median Semiconductors name, cheaper than its own group.

47.3

Trailing P/E · Semiconductors median 69.5 · cheaper than the typical name in its group

Price / sales
4.04

Price / sales · as of 2026-Q1

Free cash flow yield
3.2%

Free cash flow yield · Semiconductors median 1.7%

Growth the price implies
+12%

Growth the price implies · The price pays for +12% free cash flow growth a year for a decade; the business has delivered +9.7% a year over the last three.

Details
Price / book2026-Q1
3.36
EV / EBIT2026-Q1
42.2
EV / sales2026-Q1
4.21
Technology median P/E376 names
37.0
Semiconductors median P/E49 names
69.5
Free cash flow, trailing twelve months
$1.50B
Market capitalisation
$47.3B
3-year revenue growth
−9.5%
3-year free cash flow growth
+9.7%
ON has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 86.8× today against a 19.3× median
52-week range$44.90 – $133.93
Today$73.23

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.