ON SEMICONDUCTOR CORP (ON)
Semiconductors & Related Devices
Latest Price
$81.61
TTM P/E
--
Normalized P/E
25.95
Div Yield
--
Book Value
18.53
P/B Ratio
4.40
Valuation metrics
adjust assumptions →EPS: $0.29
Book value / share: $19.34
Formula: √(22.5 × EPS × BVPS)
Graham Number
$11.23
86% downside
Norm. op. income: $1.3B (median of 7yr)
Tax rate: 14%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$26.80
67% downside
Base FCF: $1.3B (median of recent 5yr)
Growth: 23%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$221.92
+172% upside
EPS: $0.29
Target P/E: 26×
Formula: EPS × P/E
P/E Fair Value
$7.54
91% downside
Institutional Ownership
98.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| FMR LLC | 58.16M | $3.60B | 14.84% | -1.21M | 2026-03-31 |
| BlackRock, Inc. | 39.91M | $2.47B | 10.18% | -491.0K | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 25.63M | $1.59B | 6.54% | -- | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 20.06M | $1.24B | 5.12% | -- | 2026-03-31 |
| STATE STREET CORP | 18.31M | $1.13B | 4.67% | -542.5K | 2026-03-31 |
| JANUS HENDERSON GROUP PLC | 13.70M | $848.0M | 3.50% | +1.35M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 10.76M | $665.0M | 2.75% | -244.5K | 2026-03-31 |
| Slate Path Capital LP | 7.80M | $482.0M | 1.99% | -2.68M | 2026-03-31 |
| GOLDMAN SACHS GROUP INC | 6.72M | $415.0M | 1.71% | -70.8K | 2026-03-31 |
| AMERIPRISE FINANCIAL INC | 6.45M | $399.0M | 1.65% | +319.4K | 2026-03-31 |