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Onto InnovationONTO -1.27%85 EV-to-EBIT is 111.79 as of Jul. 22, 2026, which is 450% above its 10-year median of 20.34. GuruFocus rates ONTO with a GF Score™ of 85/100 and a GF Value™ of $194.71 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 683 Semiconductors companies, Onto Innovation ranks worse than 85.51% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Onto Innovation's Enterprise Value for the quarter that ended in Mar. 2026 was $9,547 Mil.
Onto Innovation's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $126 Mil.
* 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 EV-to-EBIT Related Terms
Onto Innovation EV-to-EBIT Historical Data
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The historical data trend for Onto Innovation's EV-to-EBIT 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.
For the Semiconductor Equipment & Materials subindustry, Onto Innovation's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Onto Innovation's EV-to-EBIT falls into.
Onto Innovation's current Enterprise Value is $14,065 Mil.
Onto Innovation's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $126 Mil.
* 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 EV-to-EBIT of 111.79 as of Jul. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Onto Innovation and its competitors. This is 450% above median its historical median of 20.34. According to the industry distribution chart, Onto Innovation ranks #584 out of 683 companies in the Semiconductors industry, placing it in the top 85.5%.
Is Onto Innovation's EV-to-EBIT too high?
Onto Innovation's current EV-to-EBIT of 111.79 is 450% above median its 10-year median of 20.34. The Semiconductors industry median EV-to-EBIT is 33.29. Onto Innovation's value of 111.79 is 235.8% above this industry median. Based on the distribution chart, Onto Innovation ranks #584 out of 683 companies in the Semiconductors industry, which is in the bottom quartile 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 EV-to-EBIT compare to NVMI and AMKR?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #584 out of 683 companies for EV-to-EBIT. This places Onto Innovation in the lower half of its industry. The industry median EV-to-EBIT is 33.29. Onto Innovation's value of 111.79 is 235.8% above this benchmark. While the company's 10-year median is 20.34 vs. the industry median of 33.29, 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 EV-to-EBIT for a Semiconductors company?
The median EV-to-EBIT among Semiconductors companies is 33.29, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current EV-to-EBIT of 111.79 is 235.8% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Onto Innovation and its competitors. For the Semiconductors industry, the median EV-to-EBIT is 33.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current EV-to-EBIT is 111.79, which is 450% above median its own 10-year median of 20.34. 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 $194.71, compared to a current price of $295.25 — trading 51.6% above its estimated fair value. The current EV-to-EBIT is 111.79, which is 450% above median its 10-year median of 20.34 and 235.8% above the Semiconductors industry median of 33.29. Onto Innovation's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Onto Innovation (ONTO), the current EV-to-EBIT is 111.79 as of Jul. 22, 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 $295.25 is trading 51.6% above its estimated GF Value™ of $194.71.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
EV-to-EBIT: 111.79 (450% above median its 10-year median of 20.34)
GF Value™: $194.71 vs. price of $295.25 (51.6% above fair value)
Industry Position: 235.8% above the Semiconductors median (#584 of 683)
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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