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

TDY has the lower trailing P/E: ON trades at 47.68 and TDY at 29.49. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ON or TDY?

Over the past five years, TDY grew revenue faster — ON at a 2.67% CAGR versus TDY at 14.72%.

Is ON or TDY more profitable?

TDY runs the higher net margin — ON at 10.17% versus TDY at 15.29%.

How have ON and TDY total returns compared?

Over the past 10 years, ON delivered 21.02% and TDY delivered 18.77% annualized total return. Past performance doesn't predict future results.

ON Semiconductor Corporation (ON) vs Teledyne Technologies Incorporated (TDY)

A side-by-side comparison of ON Semiconductor Corporation and Teledyne Technologies Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 7, 2026. Differences are shown without an overall score or investment verdict.

ON Semiconductor Corporation

$28.96B

$74.38TechnologyDelayed quote: Sep 4, 2026, 4:00 PM EDT

TDY

Teledyne Technologies Incorporated

$28.31B

$610.65TechnologyDelayed quote: Sep 4, 2026, 4:00 PM EDT

Total return — ON vs TDY

growth of $100 · dividends reinvested · last 10y

ON +612.5% (+21.7%/yr)TDY +458.8% (+18.8%/yr)ON compounded faster over this window

ON TDY

ON vs TDY: by the numbers

•ON is the larger company ($28.96B vs $28.31B market cap).
•TDY trades at the lower trailing earnings multiple (29.49 vs 47.68 P/E), one valuation lens rather than an overall verdict.
•TDY converts more revenue to profit (15.29% vs 10.17% net margin).
•TDY grew revenue faster over the past five years (14.72% vs 2.67% CAGR).

Metrics side by side

Valuation

Metric	ON	TDY
P/E ratio	47.68	29.49
Forward P/E	23.25	24.70
P/S ratio	4.85	4.49
P/B ratio	4.17	2.62
EV / EBITDA	25.12	19.17
FCF yield	5.89%	3.99%

Profitability

Metric	ON	TDY
Gross margin	37.45%	39.04%
Operating margin	11.66%	19.45%
Net margin	10.17%	15.29%
ROE	8.73%	8.93%
ROIC	5.23%	7.32%

Growth (annualized)

Metric	ON	TDY
Revenue CAGR (5Y)	2.67%	14.72%
EPS CAGR (5Y)	-12.64%	11.53%
FCF CAGR (5Y)	17.01%	13.14%
Total return CAGR (5Y)	10.22%	6.35%

Frequently asked

Which has the lower trailing P/E, ON or TDY?: TDY has the lower trailing P/E: ON trades at 47.68 and TDY at 29.49. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ON or TDY?: Over the past five years, TDY grew revenue faster — ON at a 2.67% CAGR versus TDY at 14.72%.
Is ON or TDY more profitable?: TDY runs the higher net margin — ON at 10.17% versus TDY at 15.29%.
How have ON and TDY total returns compared?: Over the past 10 years, ON delivered 21.02% and TDY delivered 18.77% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ON analysis Full TDY analysis Interactive comparison tool

Dig into the metrics

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

ON Semiconductor & Teledyne Technologies appear in these rankings

Highest FCF Yield Stocks Highest 10-Year Total Return 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 7, 2026.