P/E Ratio Insights for ON Semiconductor
Portfolio Pulse from Benzinga Insights
ON Semiconductor Inc.'s shares are currently trading at $93.14, after a 1.05% decrease. Despite an 8.61% fall over the past month, the stock has risen by 27.15% over the past year. The company's P/E ratio is lower than the aggregate P/E of 41.31 of the Semiconductors & Semiconductor Equipment industry, which could indicate that the stock is undervalued.
August 16, 2023 | 7:01 pm
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ON Semiconductor's stock has seen a short-term decrease but a long-term increase. Its lower P/E ratio compared to the industry average could suggest that the stock is undervalued.
The company's stock has seen a decrease in the short term but has increased over the past year. The P/E ratio, which is lower than the industry average, could suggest that the stock is undervalued. However, the P/E ratio is just one of many factors to consider when evaluating a stock's potential, and it should be used in conjunction with other financial ratios and industry trends.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100