ON
ON Semiconductor CorporationTechnology · $30.1B market cap
Verdict
Share price
$84.89
close of Oct 3, 2026
Fair value
$33.34
Sticker Price
Payback Price
$13.34
buy price
ON is Overpriced: at $84.89 it trades 155% above its fair value of $33.34. Its buy price (Payback Price) is $13.34, 84% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew -10% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold ON. In Q2 2026, 2 opened a position. Who we track
Howard Marks
Oaktree Capital Management · as of Q2 2026
$1.5M
1,250,000 shares
Lee Ainslie
Maverick Capital · as of Q2 2026
$754K
7,979 shares
Moves in Q2 2026
New position: Lee Ainslie, Howard Marks
About ON Semiconductor Corporation
ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and…
Semiconductors
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works