ON Semiconductor Corporation (ON) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2026
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ON Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, ON Semiconductor Corporation (ON) trades at a price-to-earnings ratio of 364.7x, with a stock price of $105.77 and trailing twelve-month earnings per share of $1.46.
The current P/E is 1039% above its 5-year average of 32.0x. Over the past five years, ON's P/E has ranged from a low of 12.1x to a high of 159.3x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, ON trades at a 1227% premium to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
Relative to the broader market, ON commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our ON DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
ON P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $52B | 321.9 | - | -89% | |
| $5B | 81.2 | - | +51%Best | |
| $81B | 129.6 | 4.39 | -65% | |
| $4B | 200.6 | - | -30% | |
| $264B | 53.1 | - | +5% | |
| $77B | 38.2 | 0.34Best | -18% | |
| $203B | 91.2 | 13.38 | +39% | |
| $10B | 21.1Lowest | - | -17% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ON Historical P/E Data (2000–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Fri Apr 03 2026 00:00:00 GM | $62.19 | $1.41 | 44.1x | +40% |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $54.15 | $0.34 | 159.3x | +404% |
| FY2025 Q3 | Fri Oct 03 2025 00:00:00 GM | $49.27 | $0.77 | 64.0x | +103% |
| FY2025 Q2 | Fri Jul 04 2025 00:00:00 GM | $56.60 | $1.07 | 52.9x | +68% |
| FY2025 Q1 | Fri Apr 04 2025 00:00:00 GM | $33.70 | $1.44 | 23.4x | -26% |
| FY2024 Q4 | $63.05 | $3.63 | 17.4x | -45% | |
| FY2024 Q3 | Fri Sep 27 2024 00:00:00 GM | $74.39 | $4.03 | 18.5x | -42% |
| FY2024 Q2 | Fri Jun 28 2024 00:00:00 GM | $68.55 | $4.39 | 15.6x | -51% |
| FY2024 Q1 | Fri Mar 29 2024 00:00:00 GM | $73.55 | $4.90 | 15.0x | -52% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $83.53 | $4.89 | 17.1x | -46% |
| FY2023 Q3 | Fri Sep 29 2023 00:00:00 GM | $92.95 | $4.96 | 18.7x | -41% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $94.58 | $4.37 | 21.6x | -31% |
Average P/E for displayed period: 31.6x
Full ON Stock Analysis
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View ValuationCompare ON vs NVDA
Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonON — Frequently Asked Questions
Quick answers to the most common questions about buying ON stock.
Is ON stock overvalued or undervalued?
ON trades at 364.7x P/E, above its 5-year average of 32.0x. The 100th percentile ranking indicates a premium to historical valuation.
How does ON's valuation compare to peers?
ON Semiconductor Corporation P/E of 364.7x compares to sector median of 27.5x. The premium reflects expected growth above peers.
What is ON's PEG ratio?
ON PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2000-2026.