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Onto InnovationMEX:ONTO 68 Intrinsic Value: Projected FCF is MXN1,269.09 as of Sep. 21, 2026. GuruFocus rates MEX:ONTO with a GF Score™ of 68/100 and a GF Value™ of MXN3,375.94 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 602 Semiconductors companies, Onto Innovation ranks worse than 54.82% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-09-21), Onto Innovation's Intrinsic Value: Projected FCF is MXN1,269.09. The stock price of Onto Innovation is MXN4520.00. Therefore, Onto Innovation's Price-to-Intrinsic-Value-Projected-FCF of today is 3.6.
The historical rank and industry rank for Onto Innovation's Intrinsic Value: Projected FCF or its related term are showing as below:
MEX:ONTO'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.09 Med: 1.83 Max: 4.79
Current: 3.56
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Onto Innovation was 4.79. The lowest was 1.09. And the median was 1.83.
MEX:ONTO's Price-to-Projected-FCF is ranked worse than 54.82% of 602
companies
in the Semiconductors industry
Industry Median: 2.775
vs MEX:ONTO: 3.56
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Onto Innovation's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
4520.00
/
1332.9687086563
=
3.39
* 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 Intrinsic Value: Projected FCF Related Terms
Onto Innovation Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Onto Innovation's Intrinsic Value: Projected 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.
MEX:ONTO vs AMKR, NVMI, FORM: Intrinsic Value: Projected FCF Comparison
For the Semiconductor Equipment & Materials subindustry, Onto Innovation's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Onto Innovation's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of MXN1,269.09 mean?
Onto Innovation (MEX:ONTO) has a Intrinsic Value: Projected FCF of MXN1,269.09 as of Sep. 21, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Onto Innovation and its competitors. According to the industry distribution chart, Onto Innovation ranks #330 out of 602 companies in the Semiconductors industry, placing it in the top 54.8%.
Is Onto Innovation's Intrinsic Value: Projected FCF too high?
Onto Innovation's current Intrinsic Value: Projected FCF is MXN1,269.09. Based on the distribution chart, Onto Innovation ranks #330 out of 602 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Onto Innovation has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Onto Innovation's Intrinsic Value: Projected FCF compare to AMKR and NVMI?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #330 out of 602 companies for Intrinsic Value: Projected FCF. This places Onto Innovation in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 2.78. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Semiconductors company?
The median Intrinsic Value: Projected FCF among Semiconductors companies is 2.78, based on 602 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Onto Innovation and its competitors. For the Semiconductors industry, the median Intrinsic Value: Projected FCF is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current Intrinsic Value: Projected FCF is MXN1,269.09. 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 (MEX:ONTO) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN3,375.94, compared to a current price of MXN4,520.00 — trading 33.9% above its estimated fair value. The current Intrinsic Value: Projected FCF is MXN1,269.09. Onto Innovation's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Onto Innovation (MEX:ONTO), the current Intrinsic Value: Projected FCF is MXN1,269.09 as of Sep. 21, 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 (MEX:ONTO) Overvalued in 2026?
Based on GuruFocus' analysis, Onto Innovation stock appears to be overvalued.
The current stock price of MXN4,520.00 is trading 33.9% above its estimated GF Value™ of MXN3,375.94.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for MEX:ONTO:
Intrinsic Value: Projected FCF: MXN1,269.09
GF Value™: MXN3,375.94 vs. price of MXN4,520.00 (33.9% above fair value)
No single metric tells the full story. See the MEX: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.
68GF Score
Get the complete analysis for MEX:ONTO
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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