Onto Innovation (Onto Innovation) GF Value Rank : 1 (As of Apr. 30, 2024)

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What is Onto Innovation GF Value Rank?

Onto Innovation has the GF Value Rank of 1.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Onto Innovation's GF Value Rank

For the Semiconductor Equipment & Materials subindustry, Onto Innovation's GF Value Rank, along with its competitors' market caps and GF Value Rank 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's GF Value Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Onto Innovation's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Onto Innovation's GF Value Rank falls into.

Onto Innovation GF Value Rank Related Terms

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Onto Innovation (Onto Innovation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Onto Innovation Inc (NYSE:ONTO) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

NNM:Germany

Address

16 Jonspin Road, Wilmington, MA, USA, 01887

Website

https://www.ontoinnovation.com

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, Asia, and Europe, with China and South Korea the largest sources of total revenue.

Executives

Mark Slicer	officer: Chief Financial Officer	16 JONSPIN ROAD, WILMINGTON MA 01887
Robert Fiordalice	other: See Remarks	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Srinivas Vedula	officer: SVP, Customer Success	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Michael P Plisinski	director, officer: Chief Executive Officer	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
D Mayson Brooks	officer: VP, GM IBU	C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Ju Jin	other: SEE REMARKS	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
David Brian Miller	director	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Karen M Rogge	director	APPLIED MICRO CIRCUITS CORP, 4555 GREAT AMERICA PARKWAY, SUITE 601, SANTA CLARA CA 95054
May Su	director	16 JONSPIN ROAD, WILMINGTON MA 01887
Ramil Yaldaei	officer: Chief Operating Officer	C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Yoon Ah Oh	officer: General Counsel	16 JONSPIN ROAD, WILMINGTON MA 01887
James Harlow	officer: Chief Operating Officer	16 JONSPIN RD, WILMINGTON MA 01887
Stephen Douglas Kelley	director	1900 S. PRICE ROAD, CHANDLER AZ 85286
Steven R Roth	officer: SEE REMARKS	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Bruce C Rhine	director	C/O ONTO INNOVATION, INC., 16 JONSPIN ROAD, WILMINGTON MA 01887