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

Elmos Semiconductor SE holds the cleaner structural position, with the lead spread across growth and valuation. ON Semiconductor does not offset that deficit through any equally strong structural edge elsewhere. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

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

Updated 2026-05-17

The lead is spread across growth and valuation, rather than sitting in one isolated gap. Elmos Semiconductor SE leads by 22 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Semiconductors

This comparison is based on industry proximity, not on functional trajectory similarity. ELG.DE and ON share the same industry classification.

For a similarity-based comparison, see how Elmos Semiconductor SE and ON Semiconductor each position within their functional peer groups in AssetNext.

Peer-Relative Score
ELG.DE
Elmos Semiconductor SE
67
Peer-Score
Signal qualitylow
Peer basis: HDAX
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.

Score differences across key dimensions.

Dimension spread: ELG.DE vs ON Profitability 68 61 Stability 52 35 Valuation 57 30 Growth 94 51 ELG.DE ON
Gap Ranking
#1 Growth +43
#2 Valuation +27
#3 Stability +17
#4 Profitability +7
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ELG.DE and ON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ELG.DEON Relative valuation Structural strength

Elmos Semiconductor SE looks stronger both structurally and on relative valuation.

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

Entry today — historical context

Where ELG.DE and ON each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ELG.DE Elevated · above norm 0th 50th 100th 0 pct gap ON Elevated · above norm 0th 50th 100th 99th 99th
ELG.DE (99th percentile) and ON (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

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

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but Elmos Semiconductor SE leads clearly.
Valuation
On valuation, Elmos Semiconductor SE is positioned higher in the group, while ON Semiconductor Corporation is closer to the middle.
Growth — Dominant Gap
ELG.DE
94
ON
51
Gap+43in favour of ELG.DE

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

A forward P/E that is 5.5 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

The lead is built on both growth and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the ELG.DE vs ON comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar growth-and-valuation comparisons

Explore how ELG.DE 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.