ON Semiconductor Corporation (ON) fair value analysis
S&P 500 & Nasdaq · Updated 2026-10-19
ON price how computed
Forward Fair Value verdict
OvervaluedON is trading at a 10–25% premium to estimated fair value.
Based on TickrTrends' weekly Forward Fair Value model.
- Last price
- $77.53
- Sector
- Technology
- 12-month range
- $44.90–$133.93
- Market cap
- $30.2B
- From 52-week high
- -42.1%
- Shares outstanding
- 389M
- Rank in Technology by discount to fair value
- #117 of 181
Last price is our 2026-10-19 weekly price; the chart runs through 2026-10-16.
ON Semiconductor Corporation designs and manufactures semiconductor components and solutions for a wide range of applications including automotive, industrial, communications, and consumer electronics. The company operates manufacturing facilities, design centers, and sales offices across multiple continents including North America, Europe, and Asia.
ON currently ranks #117 of 181 Technology stocks by discount to fair value. It has screened as Overvalued for 11 consecutive weekly runs.
Fundamentals (4 quarters) how computed
- Market cap
- $30.2B
- P/E (trailing)
- 29x
- Revenue (TTM)
- $6.2B
- Net margin
- 10.2%
- EPS (TTM)
- $2.65
- Gross margin
- 38.4%
- Debt / equity
- 0.62
- Revenue growth (3-yr avg)
- -8.8%
- Shares outstanding
- 389M
Derived indicators how computed
- Quality grade
- C
- Margin trend
- Stable
- 52-week position
- The lower-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 51 · neutral
- 50-day average
- $75.90
- 200-day average
- $81.63
- Moving-average state
- 50-day below 200-day (death cross state); price between the averages
Earnings how computed
- Next earnings report
- 2026-11-02
- Last 8 quarters vs consensus
- 6 beat, 1 missed
- Quarter by quarter
- 2026-06 ▲ beat (+2.8%)
2026-03 ▲ beat (+3.2%)
2025-12 ▲ beat (+3.2%)
2025-09 ▲ beat (+6.8%)
2025-06 ▬ met (0.0%)
2025-03 ▲ beat (+10.0%)
2024-12 ▼ miss (-2.1%)
2024-09 ▲ beat (+2.1%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 14 buy · 16 hold · 0 sell (30 analysts)
- Consensus lean
- Hold-leaning
- Consensus price target
- $105
- Target vs last price
- +35.4%
What our data shows for ON
- Our model validated 17 trailing price-to-earnings windows for ON, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $44.90–$133.93.
- The 14-day relative strength index sits at a neutral 51.
The exact numbers are one step away
- The precise Forward Fair Value dollar figure for ON
- Exact discount / premium to today's price
- The normalized historical P/E behind the estimate, and how many quarters support it
- Forward EPS input and fiscal-year basis
- Screeners and rankings across the full S&P 500 and Nasdaq universes
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent ON news
TickrTrends' derived news-sentiment signal for ON is currently leaning positive, computed from recent coverage.
- HUHUTECH Subsidiary Joins Consortium Bidding on Semiconductor Fab Gas Delivery System Project in China Valued at More Than RMB 60 Million (manilatimes.net, 2026-10-21)
TickrTrends take: A subsidiary of HUHUTECH has entered a competitive bidding process for a significant semiconductor manufacturing infrastructure contract in China, representing potential revenue opportunity in a capital-intensive sector. For investors evaluating ON Semiconductor at its current overvalued TickrTrends assessment, this development highlights the competitive dynamics in semiconductor equipment and services, where contract wins can be material but uncertain. Valuation-focused readers should monitor whether ON Semiconductor can demonstrate comparable project wins and revenue growth sufficient to justify its current market valuation against peers in the technology sector. - SK hynix Seeks U.S. Approval for Dalian Expansion Amid Export Controls (SKHY) (gurufocus.com, 2026-10-15)
TickrTrends take: SK hynix's pursuit of U.S. approval for its Dalian expansion occurs against a backdrop of tightening semiconductor export controls, a dynamic that could reshape competitive positioning in the chip industry where ON Semiconductor also operates. Given TickrTrends' current overvalued assessment of ON, investors should monitor how regulatory outcomes affecting major competitors like SK hynix might influence ON's market dynamics, supply chain relationships, and growth prospects in a sector increasingly subject to geopolitical constraints. Any successful expansion by SK hynix could intensify competition or alter industry supply balances in ways that impact ON's pricing power and market share. - ON Semiconductor: Strong Cash Flow And AI Growth Potential (NASDAQ:ON) (seekingalpha.com, 2026-10-13)
TickrTrends take: ON Semiconductor trades at an overvalued assessment according to TickrTrends, despite the company's reported strong cash flow generation and positioning in the artificial intelligence growth segment. A valuation-focused investor should monitor whether the company's AI-related revenue expansion and cash generation can justify the current market price, or whether the premium valuation may face pressure if growth rates disappoint. The technology sector exposure and cyclical nature of semiconductor demand add another dimension for investors evaluating whether current pricing reflects realistic long-term earnings potential.
More ON news
- Jim Cramer Explains What Changed His View of ON Semiconductor (ON) (insidermonkey.com, 2026-10-10)
- What is ON Semiconductor’s (ON) Economic Moat, and is it Widening or Narrowing? (insidermonkey.com, 2026-10-09)
What people are saying
Follow the ON conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — ON's sector discount rank declined this week, moving from 147th to 152nd place among Technology sector companies. This downward movement in the ranking indicates that ON has become relatively less discounted compared to its Technology sector peers. The stock maintains an Overvalued current valuation verdict.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — ON trades within the Technology sector, which ranked 155th among all sectors for valuation discount this week, down from a ranking of 145th the prior week. This represents a shift toward less relative discount positioning within the sector. The stock currently carries an overvalued assessment according to derived indicators.
- 2026-10-06 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — ON's technical trend deteriorated this week as the stock transitioned from a mixed state to a downtrend on its 50/200-day analysis. The company's position within Technology sector valuation rankings improved, moving from number 154 to number 138 in terms of sector discount. The valuation verdict shifted from Overvalued to Fairly valued, reflecting the stock's repricing during the period.
- 2026-09-21 — ON's sector discount rank declined this week, moving from 149th to 154th position among Technology sector stocks, indicating a weakening relative valuation position. The stock currently carries an Overvalued assessment according to TickrTrends' derived indicators, suggesting limited upside potential at present valuations.
- 2026-09-17 — No material change this week: the verdict, bands and grades all held steady.
Frequently asked questions
Is ON stock undervalued?
Based on TickrTrends' Forward Fair Value model (updated 2026-10-19), ON is trading at a 10–25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.
What is ON's TickrTrends verdict?
ON's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.
How does ON compare to other Technology stocks?
ON ranks #117 of 181 Technology stocks in TickrTrends' coverage by discount to fair value.
Is ON overbought or oversold?
ON's 14-day RSI is in neutral territory - neither overbought nor oversold.
When does ON report earnings next?
ON's next earnings report is scheduled for 2026-11-02, per the published earnings calendar.
Does ON usually beat earnings estimates?
Over its last 8 reported quarters ON beat the consensus estimate 6 times and missed 1 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about ON?
Of 30 analysts covering ON, 14 rate it a buy, 16 a hold and 0 a sell - hold-leaning, with a consensus price target of $105 (+35.4% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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