ON

Nasdaq

ON SEMICONDUCTOR CORP

Information Technology, Semiconductors

$81.17

close 7 Aug 2026

+72.34%

52-week change

$31.60B

market cap

$44.56

$134.92

52-week range

Expected price

$27.71 – $33.87

Current price

$81.17

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)53.75x

P/S (TTM)5.10x

P/B4.38x

EV/EBITDA (TTM)22.08x

FCF yield (TTM)4.75%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average40.16x

P/E, sector median37.34x*

Price at 5-year median P/E$29.77*

Forward — analyst consensus

Forward P/E (FY2026)25.37x*

Forward P/E (FY2027)17.96x

Forward PEG0.62*

Consensus EPS FY2026 (30 analysts)$3.20

EPS growth (FY2026→FY2027)41.25%

Revenue growth (FY2026)9.36%

Street view

Price target (mean)$108.88*

Target upside34.14%

Ratings (buy / hold / sell)12 / 17 / 0

FY2026 EPS revisions, 30d (up / down)5 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 3 Jul 2026, filed 3 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +23.16%10Y CAGR +21.65%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$81.17

Cash & equivalents$3.51B

Total debt$4.46B

Shares outstanding389.29M

Result

DCF price per share$349.87

Current price$81.17

Margin of safety+331.03%

PV of years 1–10$33.15B

PV of terminal value$104.00B

Equity value$136.20B

Market-implied growth+4.44%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.85B	$2.28B	$2.80B	$3.45B	$4.25B	$5.24B	$6.45B	$7.94B	$9.78B	$12.05B	$224.53B
PV	$1.71B	$1.95B	$2.23B	$2.54B	$2.89B	$3.30B	$3.76B	$4.29B	$4.89B	$5.58B	$104.00B

period to 3 Jul 2026, filed 3 Aug 2026, close 7 Aug 2026