Stock · ON · Technology

ON Semiconductor Corporation

United States · Large Cap · listed since 2000 · Revenue 12 mo. $6.2B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$63.31
1 Y +20.1%
Market cap
$25.2B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −10.4% a year (3 years)EBIT margin 1.4%Payout 78.3% of operating cash flow

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

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ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

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Summary

ON Semiconductor Corporation is below the middle of the Technology sector overall

37.0 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 6.6% FCF growth a year: more than over the last 5 years, less than over the last 10 years.

If free cash flow stays at €1.3B (2025), it supports €14.1B. The remaining €8.5B of the market value assume it grows 6.6% a year for 10 years and not at all afterwards.

Required FCF growth per year

6.6%

no growth afterwards

Market value breakdown€22.6B market value, price as of 11/06/2026

€14.1B without growth
€8.5B priced-in growth
  • 5 yrs achieved −2.3%
  • 10 yrs achieved 11.6%
  • priced in 6.6%

Valuation against its own history

Price to operating cash flow 15.3×, within its usual range.

Middle half of 20 quarters: 11.7× to 16.8×, median 14.3×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

No sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

No indication in the stored figures.

What speaks against it

with respect to the priced-in expectation

  • Earnings declined earnings −92.3% year on year
  • Revenue declined revenue −15.4% year on year

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 2 of 3 changes for the better.

  • FCF, 12 mo.$1.0B → $1.3B+31.9%better
  • FCF margin16.5% → 21.3%+4.8 ppbetter
  • Shares outstanding394M → 404M+2.6%worse

5 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Net debt, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability24.8below the middleEarns less than the sector: Return on capital (Greenblatt) 1.06%, sector 29.77%.
MetricStockSector medianPosition in sector
Return on equity1.58%14.60%Rank 15
Return on capital (Greenblatt)1.06%29.77%Rank 10
EBIT margin1.40%17.40%Rank 10
FCF margin23.66%18.54%Rank 67
Gross margin33.09%48.47%Rank 22
Growth19.6below the middleGrows more slowly than the sector: Revenue growth, 1 year −15.35%, sector 12.70%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−15.35%12.70%Rank 1
Earnings growth, 3 years per year−58.94%9.54%Rank 2
Earnings growth, 5 years per year−12.08%14.07%Rank 8
Sustainable growth (ROE × retained earnings)5.69%2.87%Rank 68
Valuation38.1below the middleValued higher than the sector: EV/EBIT 310.17, sector 26.24.
MetricStockSector medianPosition in sector
Earnings yield0.46%2.64%Rank 16
FCF yield5.63%3.06%Rank 76
EV/saleslower is better4.365.18Rank 57
EV/EBITlower is better310.1726.24Rank 4
Momentum35.9below the middleShare price doing worse than the sector: Share price, 6 months −38.17%, sector −4.46%.
MetricStockSector medianPosition in sector
Share price, 1 year20.13%−0.59%Rank 77
Share price, 6 months−38.17%−4.46%Rank 13
Share price, 3 months−16.87%−5.84%Rank 34
Distance from 52-week high−52.73%−33.23%Rank 20
Quality63.4above the middleQuality above the sector: Change in share count −4.83%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−8.27%1.65%Rank 91
Change in share countlower is better−4.83%−0.17%Rank 93
Dividend streak in years–8Rank 18
Price reaction to results, market-adjusted−1.17%−1.57%Rank 52
Balance sheet & risk40.5around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio61.27%53.98%Rank 69
Net debt/EBITDAlower is better1.04−0.20Rank 23
Debt to equitylower is better0.450.33Rank 38
Volatility, 1 yearlower is better62.60%50.37%Rank 32

Ten years in figures

Revenue from $3.9B (2016) to $6.0B (2025), 4.9% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt
20163.97.2%$368.2M420M$2.6B
20175.512.9%$706.7M428M$2.0B
20185.914.6%$759.4M436M$1.7B
20195.511.5%$60.1M416M$2.7B
20205.36.6%$400.7M419M$2.4B
20216.719.1%$1.3B444M$1.7B
20228.328.3%$1.6B448M$311.7M
20238.330.8%$438.4M447M$876.8M
20247.125.0%$1.2B433M$675.6M
20256.01.4%$1.4B412M$1.3B
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

ON Semiconductor Corporation mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 0%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How ON Semiconductor Corporation's score is built

ON Semiconductor Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does ON Semiconductor Corporation stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Acquirer's Multiple: EV/EBIT Deep Value
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Growth Momentum (CAN SLIM principle)

ON Semiconductor Corporation key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for ON Semiconductor Corporation.

MetricStockSector
P/E ratio215.535.1
P/B ratio3.45.5
Return on equity (ROE)1.6%14.6%
Equity ratio61.3%54.0%
Debt-to-equity (D/E)0.450.33
Dividend yield0.0%0.9%

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How comparable stocks in the same sector score in the StockScorer model.

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Frequently asked questions about ON Semiconductor Corporation stock

How does ON Semiconductor Corporation stock (ON) score in the StockScorer model?
ON Semiconductor Corporation stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is ON Semiconductor Corporation's P/E ratio?
ON Semiconductor Corporation's P/E ratio is 215.5. The Technology sector median is 35.1.
What sector is ON Semiconductor Corporation in?
ON Semiconductor Corporation is assigned to the Technology sector. Its rank within the sector is 37.0 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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