Onto Innovation Valuation

Is ONTO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ONTO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ONTO ($208.83) is trading above our estimate of fair value ($184.25)

Significantly Below Fair Value: ONTO is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ONTO?

Other financial metrics that can be useful for relative valuation.

ONTO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.5x
Enterprise Value/EBITDA43.4x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does ONTO's PE Ratio compare to its peers?

The above table shows the PE ratio for ONTO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average64.6x
AMKR Amkor Technology
19.8x32.0%US$7.4b
ENPH Enphase Energy
108.8x39.0%US$14.4b
NVMI Nova
39.4x16.1%US$5.8b
ENTG Entegris
90.2x51.0%US$16.6b
ONTO Onto Innovation
62.1x30.8%US$10.2b

Price-To-Earnings vs Peers: ONTO is good value based on its Price-To-Earnings Ratio (62.1x) compared to the peer average (64.6x).


Price to Earnings Ratio vs Industry

How does ONTO's PE Ratio compare vs other companies in the US Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a26.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ONTO is expensive based on its Price-To-Earnings Ratio (62.1x) compared to the US Semiconductor industry average (29.5x).


Price to Earnings Ratio vs Fair Ratio

What is ONTO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ONTO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio62.1x
Fair PE Ratio37.5x

Price-To-Earnings vs Fair Ratio: ONTO is expensive based on its Price-To-Earnings Ratio (62.1x) compared to the estimated Fair Price-To-Earnings Ratio (37.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ONTO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$208.83
US$262.93
+25.9%
7.0%US$288.46US$230.00n/a8
Oct ’25US$200.57
US$262.93
+31.1%
7.0%US$288.46US$230.00n/a8
Sep ’25US$213.22
US$261.21
+22.5%
7.3%US$288.46US$230.00n/a7
Aug ’25US$173.67
US$256.17
+47.5%
6.9%US$280.00US$230.00n/a6
Jul ’25US$218.99
US$253.00
+15.5%
7.0%US$280.00US$230.00n/a5
Jun ’25US$216.70
US$247.00
+14.0%
4.7%US$265.00US$230.00n/a5
May ’25US$185.23
US$213.20
+15.1%
9.8%US$235.00US$180.00n/a5
Apr ’25US$185.30
US$188.70
+1.8%
11.3%US$215.00US$153.50n/a5
Mar ’25US$192.59
US$183.30
-4.8%
9.2%US$205.00US$153.50n/a5
Feb ’25US$162.95
US$165.70
+1.7%
10.6%US$195.00US$145.00n/a5
Jan ’25US$152.90
US$158.75
+3.8%
8.4%US$180.00US$145.00n/a4
Dec ’24US$141.05
US$156.25
+10.8%
8.9%US$180.00US$145.00n/a4
Nov ’24US$113.47
US$153.75
+35.5%
9.9%US$175.00US$135.00n/a4
Oct ’24US$127.52
US$145.00
+13.7%
6.5%US$160.00US$135.00US$200.574
Sep ’24US$136.78
US$145.00
+6.0%
6.5%US$160.00US$135.00US$213.224
Aug ’24US$123.21
US$128.00
+3.9%
6.3%US$140.00US$118.00US$173.674
Jul ’24US$116.47
US$126.75
+8.8%
5.0%US$135.00US$118.00US$218.994
Jun ’24US$106.74
US$104.60
-2.0%
10.8%US$124.00US$92.00US$216.705
May ’24US$81.97
US$97.20
+18.6%
5.1%US$105.00US$92.00US$185.235
Apr ’24US$87.88
US$96.50
+9.8%
5.5%US$105.00US$92.00US$185.304
Mar ’24US$83.56
US$96.50
+15.5%
5.5%US$105.00US$92.00US$192.594
Feb ’24US$83.41
US$86.00
+3.1%
7.7%US$95.00US$75.00US$162.955
Jan ’24US$68.09
US$86.00
+26.3%
7.7%US$95.00US$75.00US$152.905
Dec ’23US$80.85
US$86.00
+6.4%
7.7%US$95.00US$75.00US$141.055
Nov ’23US$70.40
US$86.00
+22.2%
7.7%US$95.00US$75.00US$113.475
Oct ’23US$64.05
US$109.00
+70.2%
8.4%US$125.00US$100.00US$127.525

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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