# Onto Innovation Inc. (ONTO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $268.01, market value $16.4 billion.

## Valuation
- **P/E (trailing): 100.0×** (5-yr avg 42.9×, 3-yr avg 54.6×). Onto Innovation Inc. trades at 100.0× trailing earnings, well above its own five-year average of 42.9×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 23.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 14.6×**. Each dollar of revenue is priced at 14.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 6.8×**. The shares trade at 6.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.5%** (5-yr avg 3.0%). Free cash flow equals 1.5% of the market value, below its five-year average of 3.0%, so the shares are pricier on cash than usual.
- **Earnings yield: 1.0%**. The inverse of the P/E: 1.0% of the price is earned each year.

## Profitability
- **Gross margin: 50.4%**. Onto Innovation Inc. keeps 50.4% of revenue after the direct cost of what it sells.
- **Operating margin: 12.0%**. 12.0% of revenue is left after running the business.
- **Net margin: 13.6%**. 13.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.5%**. 6.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.1%**. Return on all capital, debt included, is 6.1%.
- **Return on assets: 5.6%**. Each dollar of assets produces 5.6% of profit.

## Growth
- **Revenue growth (1 yr): 1.8%** (3-yr 0.0%/yr, 5-yr 12.6%/yr). Revenue grew 1.8% over the last year, against 12.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -31.5%** (3-yr -14.8%/yr, 5-yr 34.6%/yr). Earnings per share fell 31.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 36.3%/yr**. Free cash flow has compounded at 36.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Current ratio: 5.79** (quick 5.79). Current assets cover the next year's liabilities 5.79 times.
- **Altman Z-score: 39.18**. A Z-score of 39.18 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Onto Innovation Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (11 analysts). 11 analysts cover Onto Innovation Inc.; the consensus is strong_buy, with an average price target of $388.45 (+45% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 162.9%** (YTD 69.8%, 3-mo 5.8%). The shares are up 162.9% over twelve months including dividends.
- **From 52-week high: -30.7%** (160.4% above the low). Trading 31% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 3.09** (volatility 71%). Beta of 3.09 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ONTO · Page: https://foliofundamentals.com/stocks/onto

Not investment advice.