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Stock Comparison · Structural lead, mixed market

BKW vs ON Semiconductor: Which Stock Looks Stronger in 2026?

BKW holds the cleaner structural position, with the lead spread across stability and valuation. ON Semiconductor still leads on growth and profitability, which keeps the comparison from looking entirely one-sided. In the market, ON Semiconductor carries the stronger setup — intact trend against BKW's broken trend. That leaves a split case: the structural lead stays with BKW, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (BKW.SW: STOXX 600, ON: Russell 1000).

Updated 2026-05-17

Stability remains the main source of distance in the comparison.

Trajectory Similarity
0.65
Moderately similar
Peer-set rank: #10
within BKW AG's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

Most of the shared profile comes through capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
BKW.SW
BKW AG
52
Peer-Score
Signal qualitylow
Peer basis: STOXX 600
vs
ON
ON Semiconductor Corporation
45
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: BKW.SW vs ON Profitability 50 61 Stability 76 35 Valuation 57 30 Growth 25 51 BKW.SW ON
Gap Ranking
#1 Stability +41
#2 Valuation +27
#3 Growth +26
#4 Profitability +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BKW.SW and ON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BKW.SWON Relative valuation Structural strength

The two profiles are relatively close, but the price setup still leans toward BKW AG.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where BKW.SW and ON each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY BKW.SW Elevated · above norm 0th 50th 100th 23 pct gap ON Elevated · above norm 0th 50th 100th 76th 99th
Today BKW.SW sits in the upper portion of its own 5-year history (76th percentile), while ON sits higher in its own history (99th). Within each stock's own 5-year context, BKW.SW is at a historically more favourable entry position than ON. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Stability
On stability, BKW AG ranks near the top of the group; ON Semiconductor Corporation sits in the weaker half.
Valuation
BKW AG sits in the stronger part of the group on valuation, while ON Semiconductor Corporation is closer to mid-pack.
Stability — Dominant Gap
BKW.SW
76
ON
35
Gap+41in favour of BKW.SW

The clearest distance comes from a steadier profile over time.

What keeps the gap from being one-sided

A meaningful counterforce remains in growth, which keeps the comparison from looking completely one-sided.

What this means for the comparison

The lead is built on both stability and valuation — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the BKW.SW vs ON comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how BKW.SW and ON each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.