ON
On Semiconductor
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: ON
- PE Ratio
The PE ratio for On Semiconductor stock stands at 94.16 as of Jun 4, 2026. This results from the current EPS of $1.4 and stock price of $131.82. An increase of 9% has been seen in the P/E ratio compared to the average of 86.6 of the last 4 quarters.
ON PE ratio history
Over the last ten years, the average PE ratio of On Semiconductor has been 30.15. The current 94.16 PE ratio is 212% above the historical average. Over the past ten years, ON's PE ratio was at its highest in the Dec 2025 quarter at 186.72, with a price of $54.15 and an EPS of $0.29. 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: 1,644.61% in 2011
Maximum annual decrease: -62.38% in 2017
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 186.72 | 990.02% | $54.15 | $0.29 |
| 2024 | 17.13 | 3.94% | $63.05 | $3.68 |
| 2023 | 16.48 | 15.97% | $83.53 | $5.07 |
| 2022 | 14.21 | -50.42% | $62.37 | $4.39 |
| 2021 | 28.66 | -50.09% | $67.92 | $2.37 |
| 2020 | 57.42 | 22.48% | $32.73 | $0.57 |
| 2019 | 46.88 | 320.07% | $24.38 | $0.52 |
| 2018 | 11.16 | 2.29% | $16.51 | $1.48 |
| 2017 | 10.91 | -62.38% | $20.94 | $1.92 |
| 2016 | 29 | 45% | $12.76 | $0.44 |
| 2015 | 20 | -15.11% | $9.8 | $0.49 |
| 2014 | 23.56 | -2.81% | $10.13 | $0.43 |
| 2013 | 24.24 | N/A | $8.24 | $0.34 |
| 2012 | N/A | N/A | $7.05 | -$0.21 |
| 2011 | 257.33 | 1,644.61% | $7.72 | $0.03 |
On Semiconductor PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 44.42 | -76.21% | $62.19 | $1.4 |
| Dec 2025 | 186.72 | 195.58% | $54.15 | $0.29 |
| Oct 2025 | 63.17 | 21.64% | $49.27 | $0.78 |
| Jul 2025 | 51.93 | 126.47% | $56.6 | $1.09 |
| Apr 2025 | 22.93 | 33.86% | $33.7 | $1.47 |
| Dec 2024 | 17.13 | -5.57% | $63.05 | $3.68 |
| Sep 2024 | 18.14 | 19.34% | $74.39 | $4.1 |
| Jun 2024 | 15.2 | 4.54% | $68.55 | $4.51 |
| Mar 2024 | 14.54 | -11.77% | $73.55 | $5.06 |
| Dec 2023 | 16.48 | -8.5% | $83.53 | $5.07 |
| Sep 2023 | 18.01 | -13.75% | $92.95 | $5.16 |
| Jun 2023 | 20.88 | 7.52% | $94.58 | $4.53 |
| Mar 2023 | 19.42 | 36.66% | $82.32 | $4.24 |
| Dec 2022 | 14.21 | -9.26% | $62.37 | $4.39 |
| Sep 2022 | 15.66 | 33.05% | $62.33 | $3.98 |
ON Price vs fair value
ON average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
ON's current P/E ratio is above the 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 94.16, ON is above the Technology sector and the industry average. Compared to its Technology sector average of 37.49, On Semiconductor's P/E is 151% higher.
ON PE vs peers
ON's PE ratio is higher than its peer stocks AVGO and MU.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MU Micron Technology Inc | 40.26 | $974.37B |
| AVGO Broadcom Inc | 72.92 | $1.83T |
| ON On Semiconductor Corp | 83.76 | $45.95B |
| MXL Maxlinear Inc | N/A | $7.25B |
Frequently asked questions
What is On Semiconductor's PE ratio?
The price to earnings ratio for ON stock as of Jun 4, 2026, stands at 94.16.
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 40.8.
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 32.81.
What is the highest PE ratio for ON?
The highest quarterly PE ratio in the last ten years has been 186.72 and it was in the Dec 2025 quarter.
How does the current PE ratio for ON compare to its historical average?
ON's price to earnings ratio is currently 212% above its 10-year historical average.
Why is On Semiconductor's PE ratio so high?
ON's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.
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 4, 2026), On Semiconductor's stock price is $131.82. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $1.4. Therefore, On Semiconductor's P/E ratio for today is 94.16. PE RATIO(94.16) = STOCK PRICE($131.82) / TTM EPS($1.4)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.