Onto Innovation Inc (ONTO)

NYSE · Technology · Semiconductor Equipment & Materials · USA

Onto Innovation Inc is a mid cap company (market value between $2 billion and $10 billion) in the Semiconductor Equipment & Materials industry.

Onto Innovation designs, manufactures and supports metrology and inspection equipment for the semiconductor industry. The company provides optical metrology tools, macro defect inspection systems, lithography equipment and process control software used by wafer manufacturers, IC fabricators and advanced packaging manufacturers. Its products serve advanced node fabrication, advanced packaging, and panel substrate manufacturing markets.

From its FY2024 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Onto Innovation Inc stock.

Our verdict on ONTO

Slightly undervalued: intrinsic value $245.75 per share, market price $201.57, margin of safety 18.0% (as of 2026-10-30).

A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $245.75; the price of $201.57 is 18% below that value.

Leak Score: 53/100 on 11 of 12 signals (Weak Signal).

ETFs with the most weight in ONTO

17 more funds hold it; the full list is part of the paid plan.

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Is ONTO undervalued or overvalued?

ONTO is slightly undervalued (as of the 2026-10-30 close). A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $245.75; the price of $201.57 is 18% below that value.

What is the intrinsic value of ONTO?

$245.75 per share (as of the 2026-10-30 close), against a market price of $201.57. That is a margin of safety of 18.0%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Onto Innovation Inc's Leak Score?

53 out of 100, which we rate "Weak Signal", on 11 of 12 value investing signals.