ON On Semiconductor PE ratio, current and historical analysis
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- Technology
- NASDAQ: ON
- PE Ratio
The PE ratio for On Semiconductor stock stands at 31.14 as of May 13, 2025. This results from the current EPS of $1.47 and stock price of $45.77. An increase of 70% has been seen in the P/E ratio compared to the average of 18.4 of the last 4 quarters.
ON PE ratio history
Over the last ten years, the average PE ratio of On Semiconductor has been 23.88. The current 31.14 PE ratio is 30% above 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: 1,644.61% in 2011
Maximum annual decrease: -76.59% in 2010
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| 2010 | 14.75 | -76.59% | $9.88 | $0.67 |
On Semiconductor PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jul 2022 | 11.77 | -33.69% | $46.84 | $3.98 |
| Apr 2022 | 17.75 | -38.07% | $59.63 | $3.36 |
| Dec 2021 | 28.66 | -0.1% | $67.92 | $2.37 |
| Oct 2021 | 28.69 | -5.87% | $45.61 | $1.59 |
ON Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. Growth is a key driver of a stock's value, and our formula directly connects growth to the Fair PE ratio.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
ON average PE ratio chart
ON's current P/E ratio is above the 3, 5 and 10-year historical averages.
ON PE vs peers
ON's PE ratio is lower than its peer stock AVGO, but it is greater than MU's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MU Micron Technology Inc | 22.7 | $106.53B |
| ON On Semiconductor Corp | 30.75 | $18.89B |
| AVGO Broadcom Inc | 107.46 | $1.09T |
| MXL Maxlinear Inc | N/A | $1.1B |
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Frequently asked questions
What is On Semiconductor's PE ratio?
The price to earnings ratio for ON stock as of May 13, 2025, stands at 31.14.
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 17.03.
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 24.42.
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 30% above 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 (May 13, 2025), On Semiconductor's stock price is $45.77. The earnings per share for the trailing twelve months (TTM) ending Apr 2025 is $1.47. Therefore, On Semiconductor's P/E ratio for today is 31.14. PE RATIO(31.14) = STOCK PRICE($45.77) / TTM EPS($1.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.