Onto InnovationONTO +3.32%85 ROA % is 5.67% as of Mar. 2026, which is 38% below its 10-year median of 9.11. 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 1,028 Semiconductors companies, Onto Innovation ranks better than 63.04% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Onto Innovation's annualizedNet Income for the quarter that ended in Mar. 2026 was $135 Mil.
Onto Innovation's average Total Assets over the quarter that ended in Mar. 2026 was $2,382 Mil. Therefore, Onto Innovation's annualized ROA % for the quarter that ended in Mar. 2026 was 5.67%.
The historical rank and industry rank for Onto Innovation's ROA % or its related term are showing as below:
ONTO'
s ROA % Range Over the Past 10 Years
Min: 0.2 Med: 9.11 Max: 12.97
Current: 4.75
During the past 13 years, Onto Innovation's highest ROA % was 12.97%. The lowest was 0.20%. And the median was 9.11%.
ONTO's ROA % is ranked better than 63.04% of 1028
companies
in the Semiconductors industry
Industry Median: 2.45
vs ONTO: 4.75
Onto Innovation (NYSE:ONTO) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Onto Innovation ROA % Related Terms
Onto Innovation ROA % Historical Data
* Premium members only.
The historical data trend for Onto Innovation's ROA % 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Onto Innovation's ROA % distribution charts can be found below:
* The bar in red indicates where Onto Innovation's ROA % falls into.
* 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Onto Innovation (ONTO) has a ROA % of 5.67% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Onto Innovation and its competitors. This is 38% below median its historical median of 9.11. Over the past decade, Onto Innovation's ROA % has ranged from 0.20 to 12.97. According to the industry distribution chart, Onto Innovation ranks #380 out of 1028 companies in the Semiconductors industry, placing it in the top 37%.
Is Onto Innovation's ROA % too high?
Onto Innovation's current ROA % of 5.67% is 38% below median its 10-year median of 9.11. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 12.97. The Semiconductors industry median ROA % is 2.45. Onto Innovation's value of 5.67% is 131.4% above this industry median. Based on the distribution chart, Onto Innovation ranks #380 out of 1028 companies in the Semiconductors industry, which is above 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 ROA % compare to NVMI and FORM?
According to the Semiconductors industry distribution chart, Onto Innovation ranks #380 out of 1028 companies for ROA %. This puts Onto Innovation in the upper half of its industry. The industry median ROA % is 2.45. Onto Innovation's value of 5.67% is 131.4% above this benchmark. Historically, Onto Innovation's own ROA % has ranged from 0.20 to 12.97 over the past decade. While the company's 10-year median is 9.11 vs. the industry median of 2.45, 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 ROA % for a Semiconductors company?
The median ROA % among Semiconductors companies is 2.45, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onto Innovation's current ROA % of 5.67% is 131.4% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Onto Innovation and its competitors. For the Semiconductors industry, the median ROA % is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onto Innovation's current ROA % is 5.67%, which is 38% below median its own 10-year median of 9.11. 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 $332.93 — trading 75.9% above its estimated fair value. The current ROA % is 5.67%, which is 38% below median its 10-year median of 9.11 and 131.4% above the Semiconductors industry median of 2.45. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Onto Innovation (ONTO), the current ROA % is 5.67% as of Mar. 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 $332.93 is trading 75.9% above its estimated GF Value™ of $189.26.
GuruFocus considers Onto Innovation to be Significantly Overvalued.
Key valuation signals for ONTO:
ROA %: 5.67% (38% below median its 10-year median of 9.11)
GF Value™: $189.26 vs. price of $332.93 (75.9% above fair value)
Industry Position: 131.4% above the Semiconductors median (#380 of 1028)
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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