Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 253.79 | 40.72 | — | 30.08 | 19.55 | 34.51 | — | 17.91 | 20.00 | 21.97 | 17.68 | 16.31 | 18.01 | 18.33 | 19.98 | 11.55 | 22.26 | 11.48 | 12.63 | 17.69 | 16.29 |
| — | +18.0% | — | +68.0% | -2.2% | +57.1% | — | +9.8% | +11.0% | +19.9% | -11.5% | +41.3% | -19.1% | +59.7% | +58.2% | -34.7% | +36.7% | -49.8% | -76.4% | -54.6% | +10.3% | |
| P/S Ratio | 4.78 | 5.75 | 4.05 | 3.56 | 3.24 | 4.00 | 2.46 | 3.93 | 4.56 | 4.28 | 4.31 | 4.55 | 4.80 | 5.07 | 4.71 | 3.32 | 3.19 | 2.51 | 3.44 | 4.10 | 2.88 |
| — | +43.9% | +64.9% | -9.5% | -28.9% | -6.6% | -43.0% | -13.6% | -5.1% | -15.5% | -8.5% | +37.0% | +50.6% | +101.8% | +36.9% | -18.9% | +10.6% | -1.6% | +6.7% | +67.7% | +61.9% | |
| P/B Ratio | 3.94 | 5.10 | 3.35 | 2.83 | 2.54 | 2.95 | 1.76 | 3.07 | 3.73 | 3.55 | 3.94 | 4.71 | 5.58 | 6.06 | 5.71 | 4.50 | 4.93 | 3.87 | 5.33 | 6.57 | 4.85 |
| — | +72.8% | +89.8% | -7.8% | -32.1% | -17.0% | -55.3% | -34.7% | -33.1% | -41.4% | -30.9% | +4.6% | +13.3% | +56.6% | +7.0% | -31.5% | +1.6% | -13.6% | +1.9% | +65.5% | +78.1% | |
| P/FCF | 20.19 | 21.68 | 28.21 | 11.22 | 7.80 | 55.33 | 7.81 | 15.57 | 27.52 | 33.58 | 30.31 | 20.08 | 78.39 | — | 130.55 | 16.95 | 9.90 | 30.56 | 21.96 | 17.54 | 14.91 |
| — | -60.8% | +261.4% | -28.0% | -71.7% | +64.8% | -74.2% | -22.5% | -64.9% | — | -76.8% | +18.5% | +692.2% | — | +494.6% | -3.4% | -33.6% | +173.2% | -35.1% | -8.6% | -35.3% | |
| EV / EBITDA | 20.90 | 23.67 | — | 12.34 | 13.07 | 17.39 | — | 12.07 | 13.59 | 14.06 | 12.08 | 12.17 | 12.67 | 13.14 | 13.28 | 8.51 | 8.20 | 6.69 | 9.14 | 12.62 | 9.97 |
| — | +36.1% | — | +2.3% | -3.8% | +23.7% | — | -0.8% | +7.3% | +7.0% | -9.1% | +43.0% | +54.6% | +96.5% | +45.3% | -32.6% | -17.8% | -36.4% | -44.5% | +0.4% | -5.4% | |
| EV / EBIT | 40.08 | 33.26 | — | 24.64 | 18.47 | 27.64 | — | 15.16 | 17.55 | 18.45 | 14.83 | 14.99 | 14.96 | 15.51 | 16.48 | 8.93 | 16.68 | 9.54 | 10.90 | 16.05 | 13.50 |
| — | +20.3% | — | +62.5% | +5.3% | +49.8% | — | +1.1% | +17.3% | +18.9% | -10.0% | +67.9% | -10.4% | +62.6% | +51.2% | -44.4% | +23.6% | -48.9% | -73.4% | -37.0% | -45.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.3% | 38.4% | 38.5% | 34.9% | 37.9% | 37.6% | 20.3% | 45.2% | 45.4% | 45.2% | 45.8% | 46.7% | 47.3% | 47.4% | 46.8% | 48.5% | 48.3% | 49.7% | 49.4% | 45.1% | 41.4% |
| — | +2.3% | +89.6% | -22.8% | -16.6% | -16.8% | -55.7% | -3.1% | -4.0% | -4.7% | -2.1% | -3.8% | -2.1% | -4.6% | -5.3% | +7.6% | +16.7% | +29.8% | +40.5% | +31.0% | +23.5% | |
| Operating Margin | 12.5% | 16.1% | -3.5% | 16.5% | 17.0% | 13.2% | -39.7% | 23.7% | 25.3% | 22.4% | 28.2% | 30.3% | 31.5% | 32.2% | 28.8% | 33.1% | 33.6% | 33.4% | 32.6% | 26.7% | 22.8% |
| — | +22.5% | +91.1% | -30.3% | -32.6% | -41.2% | -240.7% | -21.8% | -19.8% | -30.5% | -2.2% | -8.4% | -6.2% | -3.7% | -11.6% | +23.9% | +47.2% | +86.3% | +182.0% | +120.6% | +134.8% | |
| Net Margin | 2.0% | 14.1% | -2.2% | 11.9% | 16.4% | 11.6% | -33.6% | 22.1% | 22.8% | 19.5% | 24.3% | 27.9% | 26.7% | 27.5% | 23.6% | 28.7% | 14.2% | 21.9% | 27.3% | 23.1% | 17.8% |
| — | +22.0% | +93.4% | -46.1% | -27.9% | -40.5% | -238.3% | -20.9% | -14.7% | -29.2% | +3.2% | -2.9% | +87.8% | +25.9% | -13.6% | +24.5% | -20.0% | +98.3% | +349.3% | +274.9% | +45.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.5% | 3.1% | -0.4% | 2.3% | 3.2% | 2.1% | -5.8% | 4.4% | 4.7% | 4.1% | 5.7% | 7.4% | 8.0% | 8.6% | 7.3% | 10.2% | 5.6% | 8.7% | 11.0% | 9.7% | 7.8% |
| — | +46.4% | +92.3% | -46.6% | -32.2% | -48.1% | -201.5% | -40.7% | -41.0% | -52.1% | -22.0% | -27.7% | +42.8% | -2.1% | -33.9% | +4.5% | -27.8% | +77.0% | +341.8% | +283.2% | +62.7% | |
| ROA | 0.9% | 1.8% | -0.3% | 1.4% | 2.0% | 1.3% | -3.6% | 2.7% | 2.9% | 2.5% | 3.4% | 4.2% | 4.5% | 4.6% | 3.8% | 5.2% | 2.8% | 4.3% | 5.3% | 4.6% | 3.5% |
| — | +37.8% | +92.3% | -47.5% | -33.0% | -48.2% | -204.8% | -36.1% | -34.9% | -45.9% | -10.9% | -18.9% | +57.0% | +6.1% | -28.8% | +14.1% | -19.3% | +103.1% | +414.3% | +361.9% | +106.5% | |
| ROIC | 6.1% | 2.3% | -0.5% | 2.1% | 2.2% | 1.7% | -4.7% | 3.2% | 3.5% | 3.2% | 4.5% | 5.4% | 6.4% | 6.7% | 6.1% | 8.1% | 8.3% | 7.8% | 7.4% | 6.1% | 5.1% |
| — | +41.3% | +90.3% | -35.8% | -37.8% | -47.6% | -205.7% | -40.3% | -44.8% | -52.6% | -27.0% | -33.0% | -23.5% | -14.2% | -16.5% | +33.1% | +63.3% | +104.3% | +241.3% | +176.6% | +218.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.62 | 0.41 | 0.45 | 0.49 | 0.42 | 0.42 | 0.38 | 0.39 | 0.40 | 0.41 | 0.43 | 0.46 | 0.50 | 0.54 | 0.52 | 0.57 | 0.59 | 0.64 | 0.67 | 0.75 |
| — | +46.1% | -1.9% | +18.0% | +24.3% | +5.3% | +1.5% | -11.3% | -15.7% | -19.1% | -23.7% | -17.2% | -18.0% | -16.3% | -15.3% | -22.6% | -24.7% | -27.3% | -30.3% | -31.4% | -38.9% | |
| Debt / EBITDA | 2.42 | 11.21 | — | 7.41 | 9.38 | 9.65 | — | 5.85 | 5.54 | 6.14 | 4.94 | 4.35 | 4.13 | 4.23 | 4.93 | 3.89 | 3.67 | 3.84 | 4.14 | 4.89 | 5.69 |
| — | +16.2% | — | +26.6% | +69.1% | +57.2% | — | +34.6% | +34.2% | +45.1% | +0.2% | +11.7% | +12.7% | +10.0% | +19.2% | -20.3% | -35.6% | -44.0% | -59.8% | -53.9% | -61.9% | |
| Current Ratio | 4.52 | 3.46 | 4.87 | 4.52 | 5.23 | 5.02 | 4.95 | 5.06 | 3.07 | 3.01 | 2.87 | 2.71 | 2.44 | 2.39 | 2.22 | 2.78 | 3.01 | 2.79 | 2.79 | 2.45 | 2.52 |
| — | -31.0% | -1.5% | -10.6% | +70.1% | +66.6% | +72.2% | +86.8% | +26.0% | +26.1% | +29.7% | -2.6% | -19.1% | -14.4% | -20.6% | +13.4% | +19.6% | +25.8% | +51.4% | +29.4% | +19.3% | |
| Quick Ratio | 2.98 | 2.49 | 3.14 | 2.98 | 3.54 | 3.37 | 3.32 | 3.38 | 2.02 | 1.95 | 1.87 | 1.74 | 1.60 | 1.60 | 1.51 | 2.00 | 2.12 | 1.88 | 1.83 | 1.56 | 1.60 |
| — | -26.1% | -5.4% | -11.9% | +75.1% | +72.5% | +77.6% | +94.1% | +26.0% | +22.3% | +23.7% | -12.8% | -24.4% | -15.0% | -17.5% | +28.2% | +32.3% | +42.5% | +67.6% | +35.4% | +14.1% | |
| Interest Coverage | 2.85 | 20.77 | -4.50 | 13.55 | 16.42 | 12.30 | -30.17 | 29.92 | 29.96 | 26.61 | 35.50 | 39.66 | 44.06 | 42.55 | 21.68 | 28.76 | 18.16 | 26.52 | 30.08 | 15.57 | 12.67 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ON stock.
ON Semiconductor Corporation's current P/E is 253.8x. The average P/E over the last 3 quarters is 30.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ON Semiconductor Corporation's current operating margin is 12.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ON Semiconductor Corporation's business trajectory between earnings reports.