ON Semiconductor Corporation ON
- Market cap
- $29.0B
- P/E
- 48.9×
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ON Semiconductor Corporation (ON) Price to free cash flow
As of 25 September 2026, ON Semiconductor Corporation (ON) trades at a price to free cash flow of 19.6×. Over the past ten years it has ranged from 8.3× (January 2019) to 80.8× (March 2024); the current reading is higher than 58% of that period. That is below the Semiconductors industry median of 47.0× and in line with the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 15.3× | (30.63%) |
| FY2024 | 22.1× | (72.11%) |
| FY2023 | 79.3× | 392.07% |
| FY2022 | 16.1× | (27.32%) |
| FY2021 | 22.2× | (16.01%) |
| FY2020 | 26.4× | (56.10%) |
| FY2019 | 60.1× | 587.50% |
| FY2018 | 8.7× | (32.25%) |
| FY2017 | 12.9× | (9.69%) |
| FY2016 | 14.3× | (27.45%) |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 24.0× | 19.64% |
| Mar 2026 | 20.1× | 31.02% |
| Dec 2025 | 15.3× | 4.59% |
| Sep 2025 | 14.7× | (12.26%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| ON ON Semiconductor Corporation | 19.6× |
| GFS GlobalFoundries Inc. compare | 37.8× |
| MCHP Microchip Technology Incorporated compare | 38.4× |
| TSEM Tower Semiconductor Ltd. compare | 81.9× |
| CRDO Credo Technology Group Holding Ltd. compare | 89.5× |
| LSCC Lattice Semiconductor Corporation compare | 108× |
| MTSI MACOM Technology Solutions Holdings, Inc. compare | 112× |
| STM STMicroelectronics N.V. compare | 203× |
| SITM SiTime Corporation compare | 210× |
| Semiconductors industry median | 47.0× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on ON
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement