ONTO Relative Valuation
ONTO'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, ONTO is overvalued; if below, it's undervalued.
Historical Valuation
Onto Innovation Inc (ONTO) is now in the Fair zone, suggesting that its current forward PE ratio of 28.74 is considered Fairly compared with the five-year average of 23.38. The fair price of Onto Innovation Inc (ONTO) is between 98.24 to 164.68 according to relative valuation methord.
Relative Value
Fair Zone
98.24-164.68
Current Price：158.12
Fair
28.98
PE
1Y
3Y
5Y
Trailing
Forward
19.88
EV/EBITDA
Onto Innovation Inc. (ONTO) has a current EV/EBITDA of 19.88. The 5-year average EV/EBITDA is 18.07. The thresholds are as follows: Strongly Undervalued below 5.14, Undervalued between 5.14 and 11.60, Fairly Valued between 24.53 and 11.60, Overvalued between 24.53 and 30.99, and Strongly Overvalued above 30.99. The current Forward EV/EBITDA of 19.88 falls within the Historic Trend Line -Fairly Valued range.
23.12
EV/EBIT
Onto Innovation Inc. (ONTO) has a current EV/EBIT of 23.12. The 5-year average EV/EBIT is 19.01. The thresholds are as follows: Strongly Undervalued below 4.65, Undervalued between 4.65 and 11.83, Fairly Valued between 26.19 and 11.83, Overvalued between 26.19 and 33.37, and Strongly Overvalued above 33.37. The current Forward EV/EBIT of 23.12 falls within the Historic Trend Line -Fairly Valued range.
7.05
PS
Onto Innovation Inc. (ONTO) has a current PS of 7.05. The 5-year average PS is 5.86. The thresholds are as follows: Strongly Undervalued below 1.61, Undervalued between 1.61 and 3.73, Fairly Valued between 7.99 and 3.73, Overvalued between 7.99 and 10.11, and Strongly Overvalued above 10.11. The current Forward PS of 7.05 falls within the Historic Trend Line -Fairly Valued range.
35.61
P/OCF
Onto Innovation Inc. (ONTO) has a current P/OCF of 35.61. The 5-year average P/OCF is 15.80. The thresholds are as follows: Strongly Undervalued below -15.40, Undervalued between -15.40 and 0.20, Fairly Valued between 31.40 and 0.20, Overvalued between 31.40 and 47.00, and Strongly Overvalued above 47.00. The current Forward P/OCF of 35.61 falls within the Overvalued range.
41.35
P/FCF
Onto Innovation Inc. (ONTO) has a current P/FCF of 41.35. The 5-year average P/FCF is 14.12. The thresholds are as follows: Strongly Undervalued below -16.81, Undervalued between -16.81 and -1.34, Fairly Valued between 29.58 and -1.34, Overvalued between 29.58 and 45.05, and Strongly Overvalued above 45.05. The current Forward P/FCF of 41.35 falls within the Overvalued range.
Onto Innovation Inc (ONTO) has a current Price-to-Book (P/B) ratio of 3.87. Compared to its 3-year average P/B ratio of 3.86 , the current P/B ratio is approximately 0.17% higher. Relative to its 5-year average P/B ratio of 3.35, the current P/B ratio is about 15.45% higher. Onto Innovation Inc (ONTO) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.71%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 3.15% , the current FCF yield is about -100.00% lower.
3.90
P/B
Median3y
3.86
Median5y
3.35
3.33
FCF Yield
Median3y
2.71
Median5y
3.15
Competitors Valuation Multiple
The average P/S ratio for ONTO's competitors is , providing a benchmark for relative valuation. Onto Innovation Inc Corp (ONTO) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -13.49%, 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 ONTO decreased by 4.33% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 30.42 to 44.91.
The secondary factor is the Revenue Growth, contributed -13.49%to the performance.
Overall, the performance of ONTO in the past 1 year is driven by P/E Change. Which is more unsustainable.
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