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

SMCI has the lower trailing P/E: ON trades at 47.68 and SMCI at 12.14. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ON or SMCI?

Over the past five years, SMCI grew revenue faster — ON at a 2.67% CAGR versus SMCI at 61.49%.

Is ON or SMCI more profitable?

ON runs the higher net margin — ON at 10.17% versus SMCI at 5.71%.

How have ON and SMCI total returns compared?

Over the past 10 years, ON delivered 21.02% and SMCI delivered 33.37% annualized total return. Past performance doesn't predict future results.

ON Semiconductor Corporation (ON) vs Super Micro Computer, Inc. (SMCI)

A side-by-side comparison of ON Semiconductor Corporation and Super Micro Computer, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 8, 2026. Differences are shown without an overall score or investment verdict.

ON Semiconductor Corporation

$27.84B

$71.50TechnologyDelayed quote: Sep 8, 2026, 3:40 PM EDT

SMCI

Super Micro Computer, Inc.

$26.17B

$40.45TechnologyDelayed quote: Sep 8, 2026, 3:40 PM EDT

Total return — ON vs SMCI

growth of $100 · dividends reinvested · last 10y

ON +588.7% (+21.3%/yr)SMCI +1776.3% (+34.1%/yr)SMCI compounded faster over this window

ON SMCI

ON vs SMCI: by the numbers

•ON is the larger company ($27.84B vs $26.17B market cap).
•SMCI trades at the lower trailing earnings multiple (12.14 vs 47.68 P/E), one valuation lens rather than an overall verdict.
•ON converts more revenue to profit (10.17% vs 5.71% net margin).
•SMCI grew revenue faster over the past five years (61.49% vs 2.67% CAGR).

Metrics side by side

Valuation

Metric	ON	SMCI
P/E ratio	47.68	12.14
Forward P/E	23.25	14.12
P/S ratio	4.85	0.71
P/B ratio	4.17	1.91
EV / EBITDA	25.12	9.33
FCF yield	5.89%	N/A

Profitability

Metric	ON	SMCI
Gross margin	37.45%	10.82%
Operating margin	11.66%	7.09%
Net margin	10.17%	5.71%
ROE	8.73%	15.40%
ROIC	5.23%	9.73%

Growth (annualized)

Metric	ON	SMCI
Revenue CAGR (5Y)	2.67%	61.49%
EPS CAGR (5Y)	-12.64%	46.02%
FCF CAGR (5Y)	17.01%	N/A
Total return CAGR (5Y)	10.22%	59.76%

Frequently asked

Which has the lower trailing P/E, ON or SMCI?: SMCI has the lower trailing P/E: ON trades at 47.68 and SMCI at 12.14. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ON or SMCI?: Over the past five years, SMCI grew revenue faster — ON at a 2.67% CAGR versus SMCI at 61.49%.
Is ON or SMCI more profitable?: ON runs the higher net margin — ON at 10.17% versus SMCI at 5.71%.
How have ON and SMCI total returns compared?: Over the past 10 years, ON delivered 21.02% and SMCI delivered 33.37% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ON analysis Full SMCI analysis Interactive comparison tool

Dig into the metrics

ON Semiconductor P/E ratio Super Micro Computer P/E ratio ON Semiconductor ROE Super Micro Computer ROE ON Semiconductor operating margin Super Micro Computer operating margin ON Semiconductor revenue growth Super Micro Computer revenue growth ON Semiconductor free cash flow Super Micro Computer free cash flow

ON Semiconductor & Super Micro Computer appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio 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 September 8, 2026.