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Onto InnovationONTO +3.83%84 EV-to-OCF is 48.48 as of Aug. 04, 2026, which is 110% above its 10-year median of 23.14. GuruFocus rates ONTO with a GF Score™ of 84/100 and a GF Value™ of $197.08 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,029 Semiconductors companies, Onto Innovation ranks worse than 78.52% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Onto Innovation's Enterprise Value is $12,734 Mil.
Onto Innovation's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $263 Mil. Therefore, Onto Innovation's EV-to-OCF for today is 48.48.
The historical rank and industry rank for Onto Innovation's EV-to-OCF or its related term are showing as below:
ONTO'
s EV-to-OCF Range Over the Past 10 Years
Min: 9.09 Med: 23.14 Max: 81.67
Current: 48.48
During the past 13 years, the highest EV-to-OCF of Onto Innovation was 81.67. The lowest was 9.09. And the median was 23.14.
ONTO's EV-to-OCF is ranked worse than 78.52% of 1029
companies
in the Semiconductors industry
Industry Median: 13.46
vs ONTO: 48.48
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $268.49.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Onto Innovation EV-to-OCF Related Terms
Onto Innovation EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Onto Innovation's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Onto Innovation's EV-to-OCF falls into.
Onto Innovation's current Enterprise Value is $12,734 Mil.
Onto Innovation's Cash Flow from Operations 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 $263 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-OCF of 48.48 as of Aug. 04, 2026. This is 110% above median its historical median of 23.14. Over the past decade, Onto Innovation's EV-to-OCF has ranged from 9.09 to 81.67. According to the industry distribution chart, Onto Innovation ranks #808 out of 1029 companies in the Semiconductors industry, placing it in the top 78.5%.
Is Onto Innovation's EV-to-OCF too high?
Onto Innovation's current EV-to-OCF of 48.48 is 110% above median its 10-year median of 23.14. Over the past 10 years, this metric has ranged from a low of 9.09 to a high of 81.67. The Semiconductors industry median EV-to-OCF is 13.46. Onto Innovation's value of 48.48 is 260.2% above this industry median. Based on the distribution chart, Onto Innovation ranks #808 out of 1029 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Onto Innovation has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Onto Innovation's EV-to-OCF compare to NVMI and AMKR?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #808 out of 1029 companies for EV-to-OCF. This places Onto Innovation in the lower half of its industry. The industry median EV-to-OCF is 13.46. Onto Innovation's value of 48.48 is 260.2% above this benchmark. Historically, Onto Innovation's own EV-to-OCF has ranged from 9.09 to 81.67 over the past decade. While the company's 10-year median is 23.14 vs. the industry median of 13.46, 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-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 13.46, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current EV-to-OCF of 48.48 is 260.2% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 13.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current EV-to-OCF is 48.48, which is 110% above median its own 10-year median of 23.14. 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 $197.08, compared to a current price of $268.49 — trading 36.2% above its estimated fair value. The current EV-to-OCF is 48.48, which is 110% above median its 10-year median of 23.14 and 260.2% above the Semiconductors industry median of 13.46. Onto Innovation's overall GF Score™ is 84/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Onto Innovation (ONTO), the current EV-to-OCF is 48.48 as of Aug. 04, 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 $268.49 is trading 36.2% above its estimated GF Value™ of $197.08.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
EV-to-OCF: 48.48 (110% above median its 10-year median of 23.14)
GF Value™: $197.08 vs. price of $268.49 (36.2% above fair value)
Industry Position: 260.2% above the Semiconductors median (#808 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.
84GF Score
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