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

Elmos Semiconductor SE holds the cleaner structural position, with stability as the main driver and valuation adding further support. ON Semiconductor still has the edge on growth, which keeps the comparison from looking entirely one-sided. 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 2026-07-05

The clearest separation starts in stability, with valuation adding a second layer of support. Elmos Semiconductor SE leads by 13 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
56
Peer-Score
Signal qualityHigh
Peer basis: HDAX
vs
ON
ON Semiconductor Corporation
43
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 53 53 Stability 75 28 Valuation 58 36 Growth 36 50 ELG.DE ON
Gap Ranking
#1 Stability +47
#2 Valuation +22
#3 Growth +14
#4 Profitability
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 still looks stronger, and the price setup does not materially undermine that lead.

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 6 pct gap ON Elevated · above norm 0th 50th 100th 97th 92nd
ELG.DE (97th percentile) and ON (92nd 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
Stability
Elmos Semiconductor SE ranks near the top of the group on stability; ON Semiconductor Corporation sits in the weaker half.
Valuation
On valuation, Elmos Semiconductor SE is positioned higher in the group, while ON Semiconductor Corporation is closer to the middle.
Stability — Dominant Gap
ELG.DE
75
ON
28
Gap+47in favour of ELG.DE

The stability gap is very wide, with the stronger side looking materially steadier through time.

What else supports the lead

Absolute pricing reinforces the lead rather than leaving the result tied to one dimension, with a trailing P/E that is 39 turns lower.

What this means for the comparison

Stability is the clearest driver of the lead, with valuation adding further support — though growth still provides a real counterweight.

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 stability-driven 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.