Onto Innovation Inc. (ONTO) is a publicly traded company in the Technology — Semiconductors industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Onto Innovation Inc. is a global leader in designing, manufacturing, and supporting cutting-edge process control solutions. The company's diverse portfolio encompasses tools for macro defect inspection, 2D/3D optical metrology, and lithography systems, alongside sophisticated analytical software for process control.
Is Onto Innovation Inc. stock overvalued or undervalued in 2026?
Onto Innovation Inc. (ONTO) trades at 75.8× earnings (P/E), above the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (28.1×) $75 (-63 %); at its sector median (32.0×) $85 (-58 %).
Kaplio overview: Onto Innovation Inc.
Market cap $10B · 52 weeks $124 – $378 (47 % below the high) · P/E 75.8× · 2027 expected P/E 24.8× · Dividend none · Next earnings November 9, 2026 · expected EPS $2.30 · Closing price, Oct 30 · accounts published Aug 6.
- Valuation: P/E 75.8× (expensive).
- Business: ROIC 3 % (weak).
- Balance sheet: Net cash/EBITDA 1.5× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (28.1×) $75 (-63 %); at its sector median (32.0×) $85 (-58 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 4 of 7 pass
- 3y revenue growth 0.2 %, fails.
- ROIC 3.4 %, fails.
- EV/EBITDA vs own 5y 40.7×, fails.
- Gross margin 49.7 %, passes.
- FCF / Revenue 29.8 %, passes.
- SBC / Revenue 2.7 %, passes.
- Net debt / EBITDA −1.5×, passes.
Against its peers (reference peers) — Onto Innovation Inc.: P/E 75.8×; EV/EBITDA 40.7×; ROIC 3.4 %; $9.9B. Nova Ltd. (P/E 38.8×; EV/EBITDA 34.9×; ROIC 10.0 %; $9.9B), Camtek Ltd. (P/E 191×; EV/EBITDA 192×; ROIC 7.8 %; $5.4B), Veeco Instruments Inc. (P/E 107×; EV/EBITDA 54.8×; ROIC 1.9 %; $2.4B).
Expensive or cheap against its last ten years?
P/E at each close: today 75.8× · median 28.1× · minimum 17.9× · maximum 125× · cheap below 24.4× · expensive above 56.9×. It has been cheaper than today 85% of the time over its last ten years.
Profitability
| Return on Equity | 6.50% |
| Return on Invested Capital | 3.42% |
| Return on Assets | 3.58% |
| Gross Margin | 50.36% |
| Operating Margin | 12.48% |
| Net Margin | 11.84% |
Financial Health
| Debt / Equity | 0.77 |
| Current Ratio | 9.73 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 19.89 |
Price Performance
| 1 month | -35.99% |
| 3 months | -22.05% |
| Year-to-date | +27.69% |
| 1 year | +49.36% |
| 3 years | +77.64% |
| 5 years | +149.72% |
| 10 years | +860.77% |
Related companies: ASML · LRCX · AMAT · KLAC · NVMI · CAMT · VECO
Explore sector: Technology · Semiconductors
More sections of ONTO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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