ONTOOnto Innovation Inc.

$294.47+140% 1Y

Is the price fair?

Watch

A demanding price: priced for +22% a year vs +8% a year delivered, at the top of its own P/E range, and rich vs its sector.

3 to watch
What the price assumes~+22% a yearderived · Jun 30, 2026

Priced for ~22% a year FCF growth. The price demands more than its three-year revenue growth of 8% a year, priced for acceleration.

Vs its own P/E rangedearest in 24 quartersderived

Expensive vs its own history: P/E 110.7 vs a 40.4 median over 24 quarters (+174% vs median).

Vs sector (EV/EBIT)124.0×derived · Jan 3, 2026

Sector median 30.5× across 203 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

P/E (valuation)bottom 5% of the market
FCF yieldbottom 10% of the market

Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.

What ONTO's price assumes

Onto Innovation Inc. trades at 111× earnings against 53.4× for the median Semiconductor Equipment & Materials name, more expensive than its own group.

111

Trailing P/E · Semiconductor Equipment & Materials median 53.4 · 2.07× the median: the market pays up for this one

Price / sales
17.0

Price / sales · today's price, fiscal year to Jan 3, 2026

Free cash flow yield
1.5%

Free cash flow yield · Semiconductor Equipment & Materials median 1.2%

Growth the price implies
+22%

Growth the price implies · The price pays for +22% free cash flow growth a year for a decade; the business has delivered +22% a year over the last three.

Details›
Price / booktoday's price, fiscal year to Jan 3, 2026
8.15
EV / EBITtoday's price, fiscal year to Jan 3, 2026
124
EV / salestoday's price, fiscal year to Jan 3, 2026
16.4
Technology median P/E459 names
37.7
Semiconductor Equipment & Materials median P/E24 names
53.4
Free cash flow, trailing twelve months
$252M
Market capitalisation
$17.1B
3-year revenue growth
+7.7%
3-year free cash flow growth
+22%
ONTO 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, 111× today against a 40.4× median
52-week range$121.34 – $350.93
Today$294.47

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