As of May 6, 2024, the Onto Innovation stock's PE ratio is 84.47. This results from the current EPS of $2.47 and stock price of $208.65. The P/E ratio has increased by 116% from the past four quarters average of 39.1.
The PE ratio of Onto Innovation has averaged 92.89 over the last nine years. The current PE ratio of 84.47 is 9% below the historical average. Over the past nine years, ONTO's PE ratio was at its highest in the Sep 2015 quarter at 1,233, when the stock price was $12.33 and the EPS was $0.01. The lowest value was in the Jul 2017 quarter, when it reached 13.04 with a price of $25.29 and an EPS of $1.94.
Maximum annual increase: 3,798.85% in 2019
Maximum annual decrease: -89.36% in 2016
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 61.9 | 311.02% |
| 2022 | 15.06 | -57.01% |
| 2022 | 35.03 | -54.04% |
| 2020 | 76.22 | -87.48% |
| 2019 | 609 | 3,798.85% |
| 2018 | 15.62 | -18.52% |
| 2017 | 19.17 | 36.93% |
| 2016 | 14 | -89.36% |
| 2015 | 131.58 | N/A |
| 2014 | N/A | N/A |
The current PE ratio of ONTO is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
Compared to its peer stocks LRCX and KLAC, ONTO's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LRCX Lam Research Corp | 33.46 | $119.62B |
| KLAC Kla Corp | 37.19 | $96.18B |
| ONTO Onto Innovation Inc | 85.48 | $10.37B |
| KLIC Kulicke & Soffa Industries Inc | N/A | $2.66B |
ONTO stock has a price to earnings ratio of 84.47 as of May 6, 2024.
The 3-year average PE ratio for ONTO stock is 30.56.
The 5-year average PE ratio for ONTO stock is 72.7.
In the last nine years, the Sep 2015 quarter recorded the highest quarterly PE ratio at 1,233.
ONTO's price to earnings ratio is currently 9% below its 9-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 6, 2024), Onto Innovation's stock price is $208.65. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.47. Therefore, Onto Innovation's P/E ratio for today is 84.47. PE RATIO(84.47) = STOCK PRICE($208.65) / TTM EPS($2.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.