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ON Semiconductor vs STMicroelectronics N.V.: Which Stock Looks Stronger in 2026?

ON Semiconductor holds the cleaner structural position, with the lead spread across profitability and valuation. STMicroelectronics still leads on growth and stability, 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 (ON: Russell 1000, STMMI.MI: STOXX 600).

Updated 2026-07-05

The clearest score difference appears in profitability. The overall score gap is 17 points in favour of ON Semiconductor Corporation.

INDUSTRY COMPARISON

Both operate in: Semiconductors

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

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

Peer-Relative Score
ON
ON Semiconductor Corporation
43
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
STMMI.MI
STMicroelectronics N.V.
26
Peer-Score
Signal qualitylow
Peer basis: STOXX 600

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: ON vs STMMI.MI Profitability 53 6 Stability 28 49 Valuation 36 8 Growth 50 61 ON STMMI.MI
Gap Ranking
#1 Profitability +47
#2 Valuation +28
#3 Stability +21
#4 Growth +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ON and STMMI.MI Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ONSTMMI.MI Relative valuation Structural strength

The setup stays mixed because structure and the price setup do not align cleanly in one direction.

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

Entry today — historical context

Where ON and STMMI.MI each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ON Elevated · above norm 0th 50th 100th 7 pct gap STMMI.MI Elevated · above norm 0th 50th 100th 92nd 99th
ON (92nd percentile) and STMMI.MI (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
Profitability
On profitability, ON Semiconductor Corporation is positioned higher in the group, while STMicroelectronics N.V. is closer to the middle.
Valuation
Both sit in the weaker half on valuation, with ON Semiconductor Corporation still coming out ahead.
Profitability — Dominant Gap
ON
53
STMMI.MI
6
Gap+47in favour of ON

The profitability lead is mainly driven by a 14.6-point operating margin advantage.

What keeps the gap from being one-sided

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

What this means for the comparison

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

Explore full peer positioning in AssetNext

Break down the ON vs STMMI.MI comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how ON and STMMI.MI 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.