Question 1

What is ON Semiconductor's P/S ratio?

Accepted Answer

ON Semiconductor (ON) P/S ratio is 7.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for ON Semiconductor?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For ON Semiconductor specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is ON Semiconductor's P/S ratio high or low?

Accepted Answer

ON Semiconductor's P/S ratio of 7.6× is above its own 5-year average of 3.7× and above the sector median of 5.7×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is ON Semiconductor's historical P/S ratio range?

Accepted Answer

In the available daily series, ON Semiconductor (ON) P/S ratio has ranged from a low of 0.2× in 2003 to a high of 8.7× in 2026. The 5-year average is 3.7× and the 5-year median is 3.7×.

Question 7

What was ON Semiconductor's P/S ratio in 2025?

Accepted Answer

ON Semiconductor (ON) P/S ratio at the end of 2025 was 3.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does ON Semiconductor's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$21.70B	$6.00B	3.6×	-0.2×	Dec 31, 2025
2024	$26.82B	$7.08B	3.8×	-0.5×	Dec 31, 2024
2023	$35.76B	$8.25B	4.3×	+1.1×	Dec 31, 2023
2022	$26.96B	$8.33B	3.2×	-1.1×	Dec 31, 2022
2021	$29.28B	$6.74B	4.3×	+1.8×	Dec 31, 2021
2020	$13.46B	$5.25B	2.6×	+0.7×	Dec 31, 2020
2019	$10.02B	$5.52B	1.8×	+0.6×	Dec 31, 2019
2018	$6.88B	$5.88B	1.2×	-0.4×	Dec 31, 2018
2017	$8.88B	$5.54B	1.6×	+0.2×	Dec 31, 2017
2016	$5.32B	$3.91B	1.4×	+0.2×	Dec 31, 2016
2015	$4.04B	$3.50B	1.2×	-0.2×	Dec 31, 2015
2014	$4.42B	$3.16B	1.4×	+0.1×	Dec 31, 2014
2013	$3.65B	$2.78B	1.3×	+0.2×	Dec 31, 2013
2012	$3.16B	$2.89B	1.1×	+0.1×	Dec 31, 2012
2011	$3.48B	$3.44B	1.0×	-0.8×	Dec 31, 2011
2010	$4.29B	$2.31B	1.9×	-0.3×	Dec 31, 2010
2009	$3.75B	$1.77B	2.1×	+1.5×	Dec 31, 2009
2008	$1.38B	$2.05B	0.7×	-1.1×	Dec 31, 2008
2007	$2.75B	$1.57B	1.8×	+0.2×	Dec 31, 2007
2006	$2.42B	$1.53B	1.6×	+0.2×	Dec 31, 2006
2005	$1.72B	$1.26B	1.4×	+0.5×	Dec 31, 2005
2004	$1.15B	$1.27B	0.9×	-0.2×	Dec 31, 2004
2003	$1.16B	$1.07B	1.1×	+0.9×	Dec 31, 2003
2002	$240.85M	$1.09B	0.2×	-0.1×	Dec 31, 2002
2001	$353.82M	$1.21B	0.3×	—	Dec 31, 2001


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Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for ON Semiconductor (ON)

P/S Ratio daily chart for ON Semiconductor (ON)

Historical P/S Ratio for ON Semiconductor (ON) from 2001 to 2025

About P/S Ratio at ON Semiconductor (ON)

ON Semiconductor P/S Ratio by Year

ON Semiconductor P/S Ratio 2025: 3.6×

ON Semiconductor P/S Ratio 2024: 3.8×

ON Semiconductor P/S Ratio 2023: 4.3×

ON Semiconductor P/S Ratio 2022: 3.2×

ON Semiconductor P/S Ratio 2021: 4.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

ON Semiconductor (ON) Key Financials

P/S Ratio daily chart for ON Semiconductor (ON)

Historical P/S Ratio for ON Semiconductor (ON) from 2001 to 2025

About P/S Ratio at ON Semiconductor (ON)

ON Semiconductor P/S Ratio by Year

ON Semiconductor P/S Ratio 2025: 3.6×

ON Semiconductor P/S Ratio 2024: 3.8×

ON Semiconductor P/S Ratio 2023: 4.3×

ON Semiconductor P/S Ratio 2022: 3.2×

ON Semiconductor P/S Ratio 2021: 4.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is ON Semiconductor's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for ON Semiconductor?

+Is ON Semiconductor's P/S ratio high or low?

+What is ON Semiconductor's historical P/S ratio range?

+What was ON Semiconductor's P/S ratio in 2025?

+Why does ON Semiconductor's P/S ratio change over time?

ON Semiconductor (ON) Key Financials