P/E ratio for Onto Innovation (ONTO)
P/E ratio as of April 2024 (TTM): 50.3
According to Onto Innovation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 50.3201. 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 |
|---|---|---|---|
 KLA KLAC | 28.7 | -42.90% | 🇺🇸 USA |
 Lam Research LRCX | 30.1 | -40.14% | 🇺🇸 USA |
 Kulicke and Soffa Industries KLIC | 26.8 | -46.75% | 🇸🇬 Singapore |
 Onto Innovation ONTO | 50.3 | 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.