P/E ratio for Onto Innovation (ONTO)
P/E ratio as of March 2025 (TTM): 34.8
According to Onto Innovation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.813. At the end of 2022 the company had a P/E ratio of 15.1.
P/E ratio history for Onto Innovation from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.1 | -56.99% |
| 2021 | 35.0 | -52.85% |
| 2020 | 74.3 | -89.83% |
| 2019 | 731 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 | 19.3 | -44.57% | 🇸🇬 Singapore |
 | 30.2 | -13.23% | 🇺🇸 USA |
 | 2.47 | -92.90% | 🇺🇸 USA |
 | 34.8 | 0.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.