ON On Semiconductor PE ratio, current and historical analysis
The PE ratio for On Semiconductor stock stands at 15.06 as of Sep 6, 2024. This results from the current EPS of $4.51 and stock price of $67.92. A decrease of 6% has been seen in the P/E ratio compared to the average of 16.1 of the last 4 quarters.
ON PE ratio history
Over the last ten years, the average PE ratio of On Semiconductor has been 24.16. The current 15.06 PE ratio is 38% below the historical average. Over the past ten years, ON's PE ratio was at its highest in the Dec 2020 quarter at 57.42, with a price of $32.73 and an EPS of $0.57. The Sep 2018 quarter recorded the bottom point at 7.91, with a price of $18.43 and an EPS of $2.33.
On Semiconductor PE ratio by year
Maximum annual increase: 320.07% in 2019
Maximum annual decrease: -62.38% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 16.48 | 15.97% |
| 2022 | 14.21 | -50.42% |
| 2021 | 28.66 | -50.09% |
| 2020 | 57.42 | 22.48% |
| 2019 | 46.88 | 320.07% |
| 2018 | 11.16 | 2.29% |
| 2017 | 10.91 | -62.38% |
| 2016 | 29 | 45% |
| 2015 | 20 | -15.11% |
| 2014 | 23.56 | -2.81% |
ON average PE ratio chart
ON's current P/E ratio is below the 3, 5 and 10-year averages.
ON PE vs peers
ON's PE ratio is lower than its peer stocks AVGO and ALTR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ON On Semiconductor Corp | 15.06 | $29.09B |
| AVGO Broadcom Inc | 57.08 | $637.72B |
| ALTR Altair Engineering Inc | 249.53 | $7.2B |
| MU Micron Technology Inc | N/A | $95.78B |
| MXL Maxlinear Inc | N/A | $1.1B |
Frequently asked questions
What is On Semiconductor's PE ratio?
The price to earnings ratio for ON stock as of Sep 6, 2024, stands at 15.06.
What is the 3-year average PE ratio for On Semiconductor (ON)?
As an average over the last 3 years, ON stock has a PE ratio of 18.44.
What is the 5-year average PE ratio for On Semiconductor (ON)?
As an average over the last 5 years, ON stock has a PE ratio of 27.82.
What is the highest PE ratio for ON?
The highest quarterly PE ratio in the last ten years has been 57.42 and it was in the Dec 2020 quarter.
How does the current PE ratio for ON compare to its historical average?
ON's price to earnings ratio is currently 38% below its 10-year historical average.
How is ON's PE ratio calculated (On Semiconductor PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Sep 6, 2024), On Semiconductor's stock price is $67.92. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $4.51. Therefore, On Semiconductor's P/E ratio for today is 15.06. PE RATIO(15.06) = STOCK PRICE($67.92) / TTM EPS($4.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.