Which has the lower trailing P/E, CLS or ON?

CLS has the lower trailing P/E: CLS trades at 30.79 and ON at 47.57. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CLS or ON?

Over the past five years, CLS grew revenue faster — CLS at a 22.80% CAGR versus ON at 2.67%.

Is CLS or ON more profitable?

ON runs the higher net margin — CLS at 7.16% versus ON at 10.17%.

How have CLS and ON total returns compared?

Over the past 10 years, CLS delivered 39.22% and ON delivered 21.89% annualized total return. Past performance doesn't predict future results.

Celestica Inc. (CLS) vs ON Semiconductor Corporation (ON)

A side-by-side comparison of Celestica Inc. and ON Semiconductor Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

CLS

Celestica Inc.

$34.10B

$296.55TechnologyAt close: Aug 21, 2026, 4:00 PM ET

ON Semiconductor Corporation

$28.89B

$74.21TechnologyAt close: Aug 21, 2026, 4:00 PM ET

Total return — CLS vs ON

growth of $100 · dividends reinvested · last 10y

CLS +2595.9% (+39.0%/yr)ON +616.3% (+21.8%/yr)CLS compounded faster over this window

CLS ON

CLS vs ON: by the numbers

•CLS is the larger company ($34.10B vs $28.89B market cap).
•CLS trades at the lower trailing earnings multiple (30.79 vs 47.57 P/E), one valuation lens rather than an overall verdict.
•ON converts more revenue to profit (10.17% vs 7.16% net margin).
•CLS grew revenue faster over the past five years (22.80% vs 2.67% CAGR).

Metrics side by side

Valuation

Metric	CLS	ON
P/E ratio	30.79	47.57
Forward P/E	25.90	23.20
P/S ratio	2.21	4.84
P/B ratio	13.90	4.16
EV / EBITDA	24.03	25.07
FCF yield	1.51%	5.91%

Profitability

Metric	CLS	ON
Gross margin	11.59%	37.45%
Operating margin	8.13%	11.66%
Net margin	7.16%	10.17%
ROE	45.07%	8.73%
ROIC	29.75%	5.23%

Growth (annualized)

Metric	CLS	ON
Revenue CAGR (5Y)	22.80%	2.67%
EPS CAGR (5Y)	73.33%	-12.64%
FCF CAGR (5Y)	29.00%	17.01%
Total return CAGR (5Y)	102.21%	12.32%

Frequently asked

Which has the lower trailing P/E, CLS or ON?: CLS has the lower trailing P/E: CLS trades at 30.79 and ON at 47.57. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CLS or ON?: Over the past five years, CLS grew revenue faster — CLS at a 22.80% CAGR versus ON at 2.67%.
Is CLS or ON more profitable?: ON runs the higher net margin — CLS at 7.16% versus ON at 10.17%.
How have CLS and ON total returns compared?: Over the past 10 years, CLS delivered 39.22% and ON delivered 21.89% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CLS analysis Full ON analysis Interactive comparison tool

Dig into the metrics

Celestica P/E ratio ON Semiconductor P/E ratio Celestica ROE ON Semiconductor ROE Celestica operating margin ON Semiconductor operating margin Celestica revenue growth ON Semiconductor revenue growth Celestica free cash flow ON Semiconductor free cash flow

Celestica & ON Semiconductor appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.