ON Relative Valuation
ON's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ON is overvalued; if below, it's undervalued.
Historical Valuation
ON Semiconductor Corp (ON) is now in the Fair zone, suggesting that its current forward PE ratio of 21.13 is considered Fairly compared with the five-year average of 16.46. The fair price of ON Semiconductor Corp (ON) is between 47.96 to 60.66 according to relative valuation methord.
Relative Value
Fair Zone
47.96-60.66
Current Price：54.79
Fair
20.26
PE
1Y
3Y
5Y
Trailing
Forward
13.27
EV/EBITDA
ON Semiconductor Corp. (ON) has a current EV/EBITDA of 13.27. The 5-year average EV/EBITDA is 10.75. The thresholds are as follows: Strongly Undervalued below 7.39, Undervalued between 7.39 and 9.07, Fairly Valued between 12.43 and 9.07, Overvalued between 12.43 and 14.11, and Strongly Overvalued above 14.11. The current Forward EV/EBITDA of 13.27 falls within the Overvalued range.
19.02
EV/EBIT
ON Semiconductor Corp. (ON) has a current EV/EBIT of 19.02. The 5-year average EV/EBIT is 14.43. The thresholds are as follows: Strongly Undervalued below 8.87, Undervalued between 8.87 and 11.65, Fairly Valued between 17.21 and 11.65, Overvalued between 17.21 and 19.99, and Strongly Overvalued above 19.99. The current Forward EV/EBIT of 19.02 falls within the Overvalued range.
3.69
PS
ON Semiconductor Corp. (ON) has a current PS of 3.69. The 5-year average PS is 3.59. The thresholds are as follows: Strongly Undervalued below 2.07, Undervalued between 2.07 and 2.83, Fairly Valued between 4.35 and 2.83, Overvalued between 4.35 and 5.11, and Strongly Overvalued above 5.11. The current Forward PS of 3.69 falls within the Historic Trend Line -Fairly Valued range.
11.71
P/OCF
ON Semiconductor Corp. (ON) has a current P/OCF of 11.71. The 5-year average P/OCF is 11.55. The thresholds are as follows: Strongly Undervalued below 7.65, Undervalued between 7.65 and 9.60, Fairly Valued between 13.50 and 9.60, Overvalued between 13.50 and 15.46, and Strongly Overvalued above 15.46. The current Forward P/OCF of 11.71 falls within the Historic Trend Line -Fairly Valued range.
13.56
P/FCF
ON Semiconductor Corp. (ON) has a current P/FCF of 13.56. The 5-year average P/FCF is 19.57. The thresholds are as follows: Strongly Undervalued below 3.85, Undervalued between 3.85 and 11.71, Fairly Valued between 27.43 and 11.71, Overvalued between 27.43 and 35.28, and Strongly Overvalued above 35.28. The current Forward P/FCF of 13.56 falls within the Historic Trend Line -Fairly Valued range.
ON Semiconductor Corp (ON) has a current Price-to-Book (P/B) ratio of 2.93. Compared to its 3-year average P/B ratio of 3.94 , the current P/B ratio is approximately -25.61% higher. Relative to its 5-year average P/B ratio of 4.38, the current P/B ratio is about -33.11% higher. ON Semiconductor Corp (ON) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 3.97%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 4.10% , the current FCF yield is about -100.00% lower.
2.81
P/B
Median3y
3.94
Median5y
4.38
5.89
FCF Yield
Median3y
3.97
Median5y
4.10
Competitors Valuation Multiple
The average P/S ratio for ON's competitors is 1.74, providing a benchmark for relative valuation. ON Semiconductor Corp Corp (ON) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of -11.98%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ON decreased by 13.10% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 57.20 to 72.58.
The secondary factor is the Revenue Growth, contributed -11.98%to the performance.
Overall, the performance of ON in the past 1 year is driven by P/E Change. Which is more unsustainable.
People Also Watch
FAQ
Is ON Semiconductor Corp (ON) currently overvalued or undervalued?
What is ON Semiconductor Corp (ON) fair value?
How does ON's valuation metrics compare to the industry average?
What is the current P/B ratio for ON Semiconductor Corp (ON) as of Dec 05 2025?
What is the current FCF Yield for ON Semiconductor Corp (ON) as of Dec 05 2025?
What is the current Forward P/E ratio for ON Semiconductor Corp (ON) as of Dec 05 2025?