US · USD
ON
ON Semiconductor Corporation
- Day's range
- US$82.96 – US$86.45
- Day's volume
- US$1.9bn
- 52-week range
- US$44.90 – US$133.93
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See how ON weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountON in numbers
- Market cap
- US$33bn
- P/E
- 52.44
- P/B
- 4.58
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- 0.41
ON trades at 52.44 times its earnings of the last 12 months.
ON price history
ON risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +68.97% | +19.01% | +38.19% |
| Volatility (annualised) | 73.98% | 52.28% | 52.51% |
| Largest drawdown | -38.58% | -52.47% | -63.16% |
| Positive months | 8/12 | 18/36 | 31/60 |
How much did investing in ON return?
US$1,000.00 invested on 01/11/2021 would be worth US$1,381.90 today.
- Value today in ON
- US$1,381.90
- Return over the period
- +38.19%
- Return per year
- +6.80%
- In the S&P 500
- US$1,690.98
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ON fundamentals
Valuation
- P/E52.44
- P/B4.58
- EV/EBITDA23.06
- EV/EBIT50.24
- EV/Revenue5.43
- P/EBIT49.35
- P/S5.33
- P/OCF19.77
- P/FCF22.03
- Earnings yield1.99%
- PEG ratio—
- Earnings per shareUS$1.62
- Book value per shareUS$18.54
Debt
- Net debtUS$594.9m
- Net debt/EBITDA0.41
- Net debt/Equity0.08
- Debt/Equity0.62
- Current ratio3.46
- Quick ratio2.49
- Cash ratio1.84
Efficiency
- Gross margin37.72%
- EBITDA margin23.54%
- Operating margin10.81%
- Net margin10.17%
- Asset turnover0.46
Profitability
- ROE8.73%
- ROA4.67%
- ROIC5.66%
- Payout0.00%
Growth
- Revenue CAGR (5 years)0.94%
- Earnings CAGR (5 years)3.78%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is ON's fair price?
Two classic value formulas, with today's numbers. The current price is US$84.89.
- Graham's fair price
- US$25.99
- 69.39% below the price
√(22.50 × US$1.62 × US$18.54)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to ON: it paid no distributions in the last five years.
Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.
Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.
ON indicators by year
Multiples at each year's closing price; margins and returns from that year's accounts.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 176.33 | 16.89 | 16.35 | 14.16 | 29.10 | 57.56 | 47.34 | 10.78 |
| P/B | 2.78 | 3.02 | 4.59 | 4.35 | 6.41 | 3.81 | 3.04 | 2.13 |
| EV/EBITDA | 28.26 | 11.17 | 11.61 | 9.35 | 16.50 | 16.32 | 12.42 | 6.24 |
| Earnings per share | US$0.31 | US$3.73 | US$5.11 | US$4.40 | US$2.33 | US$0.57 | US$0.52 | US$1.53 |
| Book value per share | US$19.47 | US$20.87 | US$18.21 | US$14.33 | US$10.60 | US$8.59 | US$8.03 | US$7.74 |
| ROE | 1.58% | 17.88% | 28.06% | 30.74% | 22.02% | 6.62% | 6.41% | 19.78% |
| ROIC | 0.98% | 16.55% | 25.34% | 29.43% | 17.83% | 5.86% | 5.56% | 14.52% |
| Gross margin | 33.09% | 45.41% | 47.06% | 48.97% | 40.27% | 32.65% | 35.77% | 38.08% |
| EBITDA margin | 12.85% | 34.04% | 38.15% | 34.97% | 27.96% | 18.53% | 18.59% | 23.07% |
| Net margin | 2.02% | 22.21% | 26.46% | 22.85% | 14.98% | 4.46% | 3.84% | 10.67% |
| Net debt/EBITDA | 0.56 | 0.15 | 0.27 | 0.09 | 0.91 | 2.48 | 2.65 | 1.25 |
ON financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | US$6bn | US$7.1bn | US$8.3bn | US$8.3bn | US$6.7bn | US$5.3bn |
| Cost of sales | -US$4bn | -US$3.9bn | -US$4.4bn | -US$4.2bn | -US$4bn | -US$3.5bn |
| Gross profit | US$2bn | US$3.2bn | US$3.9bn | US$4.1bn | US$2.7bn | US$1.7bn |
| EBITDA | US$770.2m | US$2.4bn | US$3.1bn | US$2.9bn | US$1.9bn | US$973.8m |
| EBIT | US$84.2m | US$1.8bn | US$2.5bn | US$2.4bn | US$1.3bn | US$348.7m |
| Net finance result | US$47.1m | US$69.7m | -US$2.9m | US$2.2m | -US$129.8m | -US$172.1m |
| Profit before tax | US$131.3m | US$1.8bn | US$2.5bn | US$2.4bn | US$1.2bn | US$176.6m |
| Income tax | -US$7.7m | -US$262.8m | -US$350.2m | -US$458.4m | -US$146.6m | US$59.8m |
| Net income | US$121m | US$1.6bn | US$2.2bn | US$1.9bn | US$1bn | US$234.2m |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does ON pay dividends?
ON has no distributions on record.
About On Semiconductor
- Sector
- Manufacturing
Questions about ON
How much is ON today?
ON is at US$84.89 (6.01% on the day), last traded on 02/10/2026.
What are the P/E and P/B of ON?
ON trades at a P/E of 52.44 and a P/B of 4.58.
How much did ON return in 12 months?
ON returned 68.97% in 12 months, with annualised volatility of 73.98% and a largest drawdown of -38.58%.