Onto Innovation
ONTO
#2694
Rank
$4.00 B
Marketcap
$80.85
Share price
1.13%
Change (1 day)
-14.05%
Change (1 year)

P/E ratio for Onto Innovation (ONTO)

P/E ratio as of December 2022 (TTM): 19.6

According to Onto Innovation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.6238. At the end of 2021 the company had a P/E ratio of 35.0.

P/E ratio history for Onto Innovation from 2020 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202135.0-52.85%
202074.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.4-16.52%๐Ÿ‡บ๐Ÿ‡ธ USA
13.2-32.61%๐Ÿ‡บ๐Ÿ‡ธ USA
5.84-70.24%๐Ÿ‡ธ๐Ÿ‡ฌ Singapore
19.6 0.00%๐Ÿ‡บ๐Ÿ‡ธ 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.