Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ON SemiconductorBSP:O2NS34 +1.24%56 Price-to-Free-Cash-Flow is 2.40 as of Sep. 04, 2026, which is 88% below its 10-year median of 20.01. GuruFocus rates BSP:O2NS34 with a GF Score™ of 56/100 and a GF Value™ of R$39.57 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 503 Semiconductors companies, ON Semiconductor ranks better than 72.96% on this metric.
As of today (2026-09-04), ON Semiconductor's share price is R$47.33.
ON Semiconductor's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 was R$19.72. Hence, ON Semiconductor's Price-to-Free-Cash-Flow Ratio for today is 2.40.
The historical rank and industry rank for ON Semiconductor's Price-to-Free-Cash-Flow or its related term are showing as below:
BSP:O2NS34'
s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 8.6 Med: 20.01 Max: 167.79
Current: 19.81
During the past 13 years, ON Semiconductor's highest Price-to-Free-Cash-Flow Ratio was 167.79. The lowest was 8.60. And the median was 20.01.
BSP:O2NS34's Price-to-Free-Cash-Flow is ranked better than 72.96% of 503
companies
in the Semiconductors industry
Industry Median: 44.24
vs BSP:O2NS34: 19.81
During the past 12 months, the average Free Cash Flow per Share Growth Rate of ON Semiconductor was 23.00% per year.
During the past 3 years, the average Free Cash Flow per Share Growth Rate was -1.10% per year.
During the past 5 years, the average Free Cash Flow per Share Growth Rate was 15.40% per year.
During the past 10 years, the average Free Cash Flow per Share Growth Rate was 17.30% per year.
During the past 13 years, ON Semiconductor's highest 3-Year average Free Cash Flow per Share Growth Rate was 191.40% per year. The lowest was -55.70% per year. And the median was 9.60% per year.
ON Semiconductor (BSP:O2NS34) Price-to-Free-Cash-Flow Explanation
Free Cash Flow is considered more important than earnings by value investors. The reason is because, in principle, only the net cash that can be taken from the business belongs to shareholders. This Free Cash Flow can be used to grow the business, reduce debt or return to shareholders in dividends or share buybacks.
In a DCF Calculation Free Cash Flow is used to determine the intrinsic value of companies.
Be Aware
In real business, Free Cash Flow can be affected by the change in accounts receivable, accounts payable, management's decision on expansion, etc. Therefore, investors should look at the Free Cash Flow over the longer term. Long-term average of Free Cash Flow is a more reliable indicator for real free cash flow.
ON Semiconductor Price-to-Free-Cash-Flow Related Terms
ON Semiconductor Price-to-Free-Cash-Flow Historical Data
* Premium members only.
The historical data trend for ON Semiconductor's Price-to-Free-Cash-Flow 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.
BSP:O2NS34 vs GFS, MTSI, MCHP: Price-to-Free-Cash-Flow Comparison
For the Semiconductors subindustry, ON Semiconductor's Price-to-Free-Cash-Flow, along with its competitors' market caps and Price-to-Free-Cash-Flow 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.
ON Semiconductor Price-to-Free-Cash-Flow vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ON Semiconductor's Price-to-Free-Cash-Flow distribution charts can be found below:
* The bar in red indicates where ON Semiconductor's Price-to-Free-Cash-Flow falls into.
ON Semiconductor's Share Price of today is R$47.33. ON Semiconductor's Free Cash Flow per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$19.72.
* 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.
It can also be calculated from the numbers for the whole company:
ON Semiconductor (BSP:O2NS34) has a Price-to-Free-Cash-Flow of 2.40 as of Sep. 04, 2026. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on ON Semiconductor and its competitors. This is 88% below median its historical median of 20.01. Over the past decade, ON Semiconductor's Price-to-Free-Cash-Flow has ranged from 8.60 to 167.79. According to the industry distribution chart, ON Semiconductor ranks #136 out of 503 companies in the Semiconductors industry, placing it in the top 27%.
Is ON Semiconductor's Price-to-Free-Cash-Flow too high?
ON Semiconductor's current Price-to-Free-Cash-Flow of 2.40 is 88% below median its 10-year median of 20.01. Over the past 10 years, this metric has ranged from a low of 8.60 to a high of 167.79. The Semiconductors industry median Price-to-Free-Cash-Flow is 44.24. ON Semiconductor's value of 2.40 is 94.6% below this industry median. Based on the distribution chart, ON Semiconductor ranks #136 out of 503 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ON Semiconductor has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ON Semiconductor's Price-to-Free-Cash-Flow compare to GFS and MTSI?
According to the Semiconductors industry distribution chart, ON Semiconductor ranks #136 out of 503 companies for Price-to-Free-Cash-Flow. This puts ON Semiconductor in the upper half of its industry. The industry median Price-to-Free-Cash-Flow is 44.24. ON Semiconductor's value of 2.40 is 94.6% below this benchmark. Historically, ON Semiconductor's own Price-to-Free-Cash-Flow has ranged from 8.60 to 167.79 over the past decade. While the company's 10-year median is 20.01 vs. the industry median of 44.24, ON Semiconductor has consistently been below 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 Price-to-Free-Cash-Flow for a Semiconductors company?
The median Price-to-Free-Cash-Flow among Semiconductors companies is 44.24, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Free-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Free-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ON Semiconductor's current Price-to-Free-Cash-Flow of 2.40 is 94.6% below 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 Price-to-Free-Cash-Flow mean?
A high Price-to-Free-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Price-to-free-cash-flow ratio is the ratio of share price to a company's free cash flow per share. View historical data on ON Semiconductor and its competitors. For the Semiconductors industry, the median Price-to-Free-Cash-Flow is 44.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ON Semiconductor's current Price-to-Free-Cash-Flow is 2.40, which is 88% below median its own 10-year median of 20.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ON Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, ON Semiconductor (BSP:O2NS34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$39.57, compared to a current price of R$47.33 — trading 19.6% above its estimated fair value. The current Price-to-Free-Cash-Flow is 2.40, which is 88% below median its 10-year median of 20.01 and 94.6% below the Semiconductors industry median of 44.24. ON Semiconductor's overall GF Score™ is 56/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Free-Cash-Flow calculated?
Price-to-Free-Cash-Flow is calculated from a company's financial statements. For ON Semiconductor (BSP:O2NS34), the current Price-to-Free-Cash-Flow is 2.40 as of Sep. 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 ON Semiconductor (BSP:O2NS34) Overvalued in 2026?
Based on GuruFocus' analysis, ON Semiconductor stock appears to be overvalued.
The current stock price of R$47.33 is trading 19.6% above its estimated GF Value™ of R$39.57.
GuruFocus considers ON Semiconductor to be Modestly Overvalued.
Key valuation signals for BSP:O2NS34:
Price-to-Free-Cash-Flow: 2.40 (88% below median its 10-year median of 20.01)
GF Value™: R$39.57 vs. price of R$47.33 (19.6% above fair value)
Industry Position: 94.6% below the Semiconductors median (#136 of 503)
No single metric tells the full story. See the BSP:O2NS34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
56GF Score
Get the complete analysis for BSP:O2NS34
Price-to-Free-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:O2NS34 has been successfully added to your 
