Onto InnovationONTO 85 Current Ratio is 6.15 as of Mar. 2026, which is 17% below its 10-year median of 7.39. GuruFocus rates ONTO with a GF Score™ of 85/100 and a GF Value™ of $189.26 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,029 Semiconductors companies, Onto Innovation ranks better than 85.13% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Onto Innovation's current ratio for the quarter that ended in Mar. 2026 was 6.15.
Onto Innovation has a current ratio of 6.15. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Onto Innovation's Current Ratio or its related term are showing as below:
ONTO'
s Current Ratio Range Over the Past 10 Years
Min: 3.01 Med: 7.39 Max: 10.07
Current: 6.15
During the past 13 years, Onto Innovation's highest Current Ratio was 10.07. The lowest was 3.01. And the median was 7.39.
ONTO's Current Ratio is ranked better than 85.13% of 1029
companies
in the Semiconductors industry
Industry Median: 2.49
vs ONTO: 6.15
Onto Innovation (NYSE:ONTO) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Onto Innovation Current Ratio Related Terms
Onto Innovation Current Ratio Historical Data
* Premium members only.
The historical data trend for Onto Innovation's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ONTO vs NVMI, FORM, AMKR: Current Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Onto Innovation's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Onto Innovation Current Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's Current Ratio distribution charts can be found below:
* The bar in red indicates where Onto Innovation's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Onto Innovation (ONTO) has a Current Ratio of 6.15 as of Mar. 2026. This is 17% below median its historical median of 7.39. Over the past decade, Onto Innovation's Current Ratio has ranged from 3.01 to 10.07. According to the industry distribution chart, Onto Innovation ranks #153 out of 1029 companies in the Semiconductors industry, placing it in the top 14.9%.
Is Onto Innovation's Current Ratio too high?
Onto Innovation's current Current Ratio of 6.15 is 17% below median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 3.01 to a high of 10.07. The Semiconductors industry median Current Ratio is 2.49. Onto Innovation's value of 6.15 is 147% above this industry median. Based on the distribution chart, Onto Innovation ranks #153 out of 1029 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Onto Innovation has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Onto Innovation's Current Ratio compare to NVMI and FORM?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #153 out of 1029 companies for Current Ratio. This places Onto Innovation in the top 15% of its industry — outperforming the majority of peers. The industry median Current Ratio is 2.49. Onto Innovation's value of 6.15 is 147% above this benchmark. Historically, Onto Innovation's own Current Ratio has ranged from 3.01 to 10.07 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 2.49, Onto Innovation has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Semiconductors company?
The median Current Ratio among Semiconductors companies is 2.49, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current Current Ratio of 6.15 is 147% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median Current Ratio is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current Current Ratio is 6.15, which is 17% below median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onto Innovation stock overvalued right now?
Based on GuruFocus' analysis, Onto Innovation (ONTO) is currently considered Significantly Overvalued. The stock's GF Value™ is $189.26, compared to a current price of $322.24 — trading 70.3% above its estimated fair value. The current Current Ratio is 6.15, which is 17% below median its 10-year median of 7.39 and 147% above the Semiconductors industry median of 2.49. Onto Innovation's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Onto Innovation (ONTO), the current Current Ratio is 6.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Onto Innovation (ONTO) Overvalued in 2026?
Based on GuruFocus' analysis, Onto Innovation stock appears to be overvalued.
The current stock price of $322.24 is trading 70.3% above its estimated GF Value™ of $189.26.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
Current Ratio: 6.15 (17% below median its 10-year median of 7.39)
GF Value™: $189.26 vs. price of $322.24 (70.3% above fair value)
Industry Position: 147% above the Semiconductors median (#153 of 1029)
No single metric tells the full story. See the ONTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea the sources of total revenue.
85GF Score
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