Last closing price
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N/AMethodology
ON Semiconductor's power and sensing chips for automotive and industrial markets create more earnings stability than consumer electronics, though auto production cycles impact results. Electric vehicle content growth and industrial automation provide visibility. The calculation works when normalizing for automotive cycles and focusing on electrification content trends rather than unit volumes.
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N/AMethodology
ON Semiconductor typically trades at moderate PEG ratios reflecting automotive growth potential offset by cyclical production volumes and competitive dynamics. The metric should account for silicon carbide adoption in EVs and industrial content expansion. Compare to power semiconductor peers like Infineon while considering ON's positioning in automotive electrification.
Methodology
ON Semiconductor pays no dividend, making PEGY equal to PEG as management prioritizes R&D investments in power semiconductors and strategic positioning. Capital allocation focuses on technology development for automotive and industrial applications. For this growth-focused chipmaker, content gains in EVs matter more than current shareholder income.