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Onto InnovationONTO -8.14%85 EV-to-EBITDA is 63.78 as of Jul. 24, 2026, which is 229% above its 10-year median of 19.39. 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 748 Semiconductors companies, Onto Innovation ranks worse than 78.48% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Onto Innovation's enterprise value is $12,687 Mil.
Onto Innovation's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $199 Mil. Therefore, Onto Innovation's EV-to-EBITDA for today is 63.78.
The historical rank and industry rank for Onto Innovation's EV-to-EBITDA or its related term are showing as below:
ONTO'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.31 Med: 19.39 Max: 130.37
Current: 63.78
During the past 13 years, the highest EV-to-EBITDA of Onto Innovation was 130.37. The lowest was 8.31. And the median was 19.39.
ONTO's EV-to-EBITDA is ranked worse than 78.48% of 748
companies
in the Semiconductors industry
Industry Median: 25.295
vs ONTO: 63.78
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Onto Innovation's PE Ratio (TTM) for today is calculated as:
Onto Innovation's share price for today is $267.55.
Onto Innovation's Earnings per Share (Diluted) 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 $2.140.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Onto Innovation's EV-to-EBITDA 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-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Onto Innovation's EV-to-EBITDA falls into.
Onto Innovation's current Enterprise Value is $12,687 Mil.
Onto Innovation's EBITDA 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 $199 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-EBITDA of 63.78 as of Jul. 24, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Onto Innovation. This is 229% above median its historical median of 19.39. Over the past decade, Onto Innovation's EV-to-EBITDA has ranged from 8.31 to 130.37. According to the industry distribution chart, Onto Innovation ranks #587 out of 748 companies in the Semiconductors industry, placing it in the top 78.5%.
Is Onto Innovation's EV-to-EBITDA too high?
Onto Innovation's current EV-to-EBITDA of 63.78 is 229% above median its 10-year median of 19.39. Over the past 10 years, this metric has ranged from a low of 8.31 to a high of 130.37. The Semiconductors industry median EV-to-EBITDA is 25.30. Onto Innovation's value of 63.78 is 152.1% above this industry median. Based on the distribution chart, Onto Innovation ranks #587 out of 748 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-EBITDA compare to NVMI and AMKR?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #587 out of 748 companies for EV-to-EBITDA. This places Onto Innovation in the lower half of its industry. The industry median EV-to-EBITDA is 25.30. Onto Innovation's value of 63.78 is 152.1% above this benchmark. Historically, Onto Innovation's own EV-to-EBITDA has ranged from 8.31 to 130.37 over the past decade. While the company's 10-year median is 19.39 vs. the industry median of 25.30, 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-EBITDA for a Semiconductors company?
The median EV-to-EBITDA among Semiconductors companies is 25.30, based on 748 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current EV-to-EBITDA of 63.78 is 152.1% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Onto Innovation. For the Semiconductors industry, the median EV-to-EBITDA is 25.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current EV-to-EBITDA is 63.78, which is 229% above median its own 10-year median of 19.39. 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 $194.71, compared to a current price of $267.55 — trading 37.4% above its estimated fair value. The current EV-to-EBITDA is 63.78, which is 229% above median its 10-year median of 19.39 and 152.1% above the Semiconductors industry median of 25.30. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Onto Innovation (ONTO), the current EV-to-EBITDA is 63.78 as of Jul. 24, 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 $267.55 is trading 37.4% above its estimated GF Value™ of $194.71.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
EV-to-EBITDA: 63.78 (229% above median its 10-year median of 19.39)
GF Value™: $194.71 vs. price of $267.55 (37.4% above fair value)
Industry Position: 152.1% above the Semiconductors median (#587 of 748)
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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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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