ONTOOnto Innovation Inc.
Is the price fair?
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.
Priced for ~22% a year FCF growth. The price demands more than its three-year revenue growth of 8% a year, priced for acceleration.
Expensive vs its own history: P/E 110.7 vs a 40.4 median over 24 quarters (+174% vs median).
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.
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.
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%
| Method | Per share |
|---|---|
| What its own history would imply | not 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.
Semiconductor Equipment & Materials
Ranks #4 of 18 by RyuScore