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ON SEMICONDUCTOR CORP ON

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 2000-04-27 · LEI

ON SEMICONDUCTOR CORP statistics & valuation

Market cap$35.5B
P / E293.6×
P / S5.9×
P / B4.6×
P / FCF25.0×
Net margin2.0%
Return on equity1.6%
FCF margin23.7%
Net debt$832.9M
Net debt / EBITDA1.1×
Enterprise value USD$36.4B
EV / EBITDA47.2×
Earnings yield EBIT/EV0.2%
Return on capital0.7%
Graham number -86.8%$11.04

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($11.04); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.70% 14.60% 10.70% 3.80% 4.50% 15.00% 22.80% 26.50% 22.20% 2.00% 2016201720182019202020212022202320242025
Gross margin (%)
33.30% 36.70% 38.10% 35.80% 32.70% 40.30% 49.00% 47.10% 45.40% 33.10% 2016201720182019202020212022202320242025
Operating margin (%)
6.30% 12.30% 14.40% 7.80% 6.60% 19.10% 28.30% 30.80% 25.00% 1.40% 2016201720182019202020212022202320242025
Return on equity (%)
9.90% 28.90% 19.60% 6.40% 6.60% 21.90% 30.60% 28.00% 17.80% 1.60% 2016201720182019202020212022202320242025
Shares outstanding
420.0M 428.3M 435.9M 416.0M 418.8M 443.8M 448.2M 446.8M 432.7M 411.8M 2016201720182019202020212022202320242025
Net debt ($)
$2.78B $2.23B $1.87B $2.85B $2.51B $1.91B $309.3M $896.9M $654.6M $832.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.60% 11.30% 8.30% 2.50% 2.70% 10.50% 15.90% 16.50% 11.20% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.50% 12.70% 12.90% 2.90% 9.50% 19.80% 19.20% 5.30% 17.10% 23.70% 2016201720182019202020212022202320242025
Debt / equity (×)
2.06× 1.13× 0.92× 1.13× 1.01× 0.71× 0.52× 0.43× 0.38× 0.39× 2016201720182019202020212022202320242025
EPS ($)
$0.43 $1.89 $1.44 $0.51 $0.56 $2.27 $4.25 $4.89 $3.63 $0.29 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ON SEMICONDUCTOR CORP trades at about 287.3× earnings — above its 10-year norm (10-year range 13.1×–206.5×, median 26×).

13.1× 287.3×

Shaded band = 10-year range (13.1×–206.5×); dot = today's 287.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin33.1%45.4%47.1%49.0%40.3%32.7%35.8%38.1%36.7%33.3%
Operating margin1.4%25.0%30.8%28.3%19.1%6.6%7.8%14.4%12.3%6.3%
Net margin2.0%22.2%26.5%22.8%15.0%4.5%3.8%10.7%14.6%4.7%
FCF margin23.7%17.1%5.3%19.2%19.8%9.5%2.9%12.9%12.7%9.5%
Return on assets1.0%11.2%16.5%15.9%10.5%2.7%2.5%8.3%11.3%2.6%
Return on equity1.6%17.8%28.0%30.6%21.9%6.6%6.4%19.6%28.9%9.9%
Debt / equity0.39×0.38×0.43×0.52×0.71×1.01×1.13×0.92×1.13×2.06×
Current ratio4.525.062.712.782.451.901.662.162.081.91

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.