Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 23.20.
Forward PE Ratio (23.20) = Close Price ($74.21) / Consensus Forward EPS ($3.20)
FORWARD PE RATIO
23.20
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
-14.52%
vs the sector median at left
ON Semiconductor Corporation
Market Cap
$28.89B
Forward PE Ratio
23.20
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| ON Semiconductor Corporation (ON) | $28.89B | 23.20 |
| Zscaler, Inc. (ZS)vs › | $29.39B | 44.12 |
| Teledyne Technologies Incorporated (TDY)vs › | $29.49B | 25.74 |
| Fiserv, Inc. (FISV)vs › | $28.04B | 7.18 |
| Cognizant Technology Solutions Corporation (CTSH)vs › | $27.87B | 10.76 |
| Roblox Corporation (RBLX)vs › | $27.41B | N/A |
| Corpay, Inc. (CPAY)vs › | $27.26B | 15.25 |
| HP Inc. (HPQ)vs › | $27.17B | 9.82 |
| Qnity Electronics, Inc. (Q)vs › | $26.98B | 28.31 |
| GLOBALFOUNDRIES Inc. (GFS)vs › | $26.37B | 24.82 |
Trailing P/E
47.6
reported TTM EPS
Forward P/E
23.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.20 implies +105.1% EPS growth vs the reported trailing $1.56.
At today's $74.21 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| Fiscal year end |
|---|
| Consensus EPS |
|---|
| Estimate range |
|---|
| Analysts |
|---|
| Implied P/E |
|---|
| 2026-12-31 | $3.20 | $2.97 – $3.55 | 20 | 23.2x |
| 2027-12-31 | $4.50 | $4.00 – $4.80 | 20 | 16.5x |
| 2028-12-31 | $5.85 | $4.58 – $6.77 | 9 | 12.7x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
