Onto InnovationONTO +6.83%85 EV-to-FCF is 69.10 as of Jun. 25, 2026, which is 162% above its 10-year median of 26.42. 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 504 Semiconductors companies, Onto Innovation ranks worse than 57.74% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Onto Innovation's Enterprise Value is $16,502 Mil.
Onto Innovation's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $239 Mil. Therefore, Onto Innovation's EV-to-FCF for today is 69.10.
The historical rank and industry rank for Onto Innovation's EV-to-FCF or its related term are showing as below:
ONTO'
s EV-to-FCF Range Over the Past 10 Years
Min: 11.02 Med: 26.42 Max: 130.63
Current: 69.1
During the past 13 years, the highest EV-to-FCF of Onto Innovation was 130.63. The lowest was 11.02. And the median was 26.42.
ONTO's EV-to-FCF is ranked worse than 57.74% of 504
companies
in the Semiconductors industry
Industry Median: 51.705
vs ONTO: 69.10
EV-to-FCF 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-FCF 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 $344.24.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Onto Innovation EV-to-FCF Related Terms
Onto Innovation EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Onto Innovation's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Onto Innovation's EV-to-FCF falls into.
Onto Innovation's current Enterprise Value is $16,502 Mil.
Onto Innovation's Free Cash Flow 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 $239 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-FCF of 69.10 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Onto Innovation and its competitors. This is 162% above median its historical median of 26.42. Over the past decade, Onto Innovation's EV-to-FCF has ranged from 11.02 to 130.63. According to the industry distribution chart, Onto Innovation ranks #291 out of 504 companies in the Semiconductors industry, placing it in the top 57.7%.
Is Onto Innovation's EV-to-FCF too high?
Onto Innovation's current EV-to-FCF of 69.10 is 162% above median its 10-year median of 26.42. Over the past 10 years, this metric has ranged from a low of 11.02 to a high of 130.63. The Semiconductors industry median EV-to-FCF is 51.71. Onto Innovation's value of 69.10 is 33.6% above this industry median. Based on the distribution chart, Onto Innovation ranks #291 out of 504 companies in the Semiconductors industry, which is below the industry midpoint. 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-FCF compare to NVMI and FORM?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #291 out of 504 companies for EV-to-FCF. This places Onto Innovation in the lower half of its industry. The industry median EV-to-FCF is 51.71. Onto Innovation's value of 69.10 is 33.6% above this benchmark. Historically, Onto Innovation's own EV-to-FCF has ranged from 11.02 to 130.63 over the past decade. While the company's 10-year median is 26.42 vs. the industry median of 51.71, 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-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 51.71, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current EV-to-FCF of 69.10 is 33.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Onto Innovation and its competitors. For the Semiconductors industry, the median EV-to-FCF is 51.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current EV-to-FCF is 69.10, which is 162% above median its own 10-year median of 26.42. 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 $344.24 — trading 81.9% above its estimated fair value. The current EV-to-FCF is 69.10, which is 162% above median its 10-year median of 26.42 and 33.6% above the Semiconductors industry median of 51.71. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Onto Innovation (ONTO), the current EV-to-FCF is 69.10 as of Jun. 25, 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 $344.24 is trading 81.9% above its estimated GF Value™ of $189.26.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
EV-to-FCF: 69.10 (162% above median its 10-year median of 26.42)
GF Value™: $189.26 vs. price of $344.24 (81.9% above fair value)
Industry Position: 33.6% above the Semiconductors median (#291 of 504)
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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