P/E ratio for ON Semiconductor (ON)
P/E ratio as of June 2023 (TTM): 20.2
According to ON Semiconductor's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.1958. At the end of 2021 the company had a P/E ratio of 28.8.
P/E ratio history for ON Semiconductor from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 28.8 | -49.3% |
| 2020 | 56.8 | 21.07% |
| 2019 | 46.9 | 320.29% |
| 2018 | 11.2 | 2.28% |
| 2017 | 10.9 | -62.39% |
| 2016 | 29.0 | 45% |
| 2015 | 20.0 | -15.1% |
| 2014 | 23.6 | 5.78% |
| 2013 | 22.3 | -163.18% |
| 2012 | -35.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Maxim Integrated
MXIM | N/A | N/A | 🇺🇸 USA |
 Micron Technology MU | 47.7 | 136.31% | 🇺🇸 USA |
 Altair Engineering
ALTR | -105 | -617.43% | 🇺🇸 USA |
 MaxLinear MXL | 21.5 | 6.25% | 🇺🇸 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.