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ON On Semiconductor PE ratio, current and historical analysis

The PE ratio for On Semiconductor stock stands at 14.22 as of Jun 14, 2024. This results from the current EPS of $5.06 and stock price of $71.97. A decrease of 19% has been seen in the P/E ratio compared to the average of 17.5 of the last 4 quarters.

ON PE ratio history

How has ON's PE ratio performed in the past

Over the last ten years, the average PE ratio of On Semiconductor has been 24.21. The current 14.22 PE ratio is 41% 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.

Average
24.21
Median
20.06
Minimum
7.91
Maximum
57.42

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

What is the average PE ratio of ON for the past years

ON's current P/E ratio is below the 3, 5 and 10-year averages.

3-year avg
19.71
5-year avg
27.83
10-year avg
24.21
15-year avg
46.42

ON PE vs peers

What is ON's PE ratio compared to its peers

ON's PE ratio is lower than its peer stocks AVGO and ALTR.

Stock name PE ratio Market cap
ON On Semiconductor Corp 14.22 $30.96B
AVGO Broadcom Inc 72.35 $807.64B
ALTR Altair Engineering Inc 805.08 $8.02B
MU Micron Technology Inc N/A $156.54B
MXL Maxlinear Inc N/A $1.51B

Frequently asked questions

What is On Semiconductor's PE ratio?

The price to earnings ratio for ON stock as of Jun 14, 2024, stands at 14.22.

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 19.71.

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 27.83.

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 41% 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 (Jun 14, 2024), On Semiconductor's stock price is $71.97. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.06. Therefore, On Semiconductor's P/E ratio for today is 14.22. PE RATIO(14.22) = STOCK PRICE($71.97) / TTM EPS($5.06)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.