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Stock Comparison · Structural lead, mixed market

ON Semiconductor vs The Swatch Group: Which Stock Looks Stronger in 2026?

ON Semiconductor holds the cleaner structural position, with profitability as the main driver and valuation adding further support. The Swatch still has the edge on 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, UHR.SW: STOXX 600).

Updated 2026-05-17

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

Trajectory Similarity
0.70
Moderately similar
Peer-set rank: #5
within ON Semiconductor Corporation'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.

The match is driven mainly by 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
ON
ON Semiconductor Corporation
45
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
UHR.SW
The Swatch Group AG
28
Peer-Score
Signal qualityMedium
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 UHR.SW Profitability 61 27 Stability 35 56 Valuation 30 8 Growth 51 31 ON UHR.SW
Gap Ranking
#1 Profitability +34
#2 Valuation +22
#3 Stability +21
#4 Growth +20
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

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

The setup is mixed: neither company clearly combines the stronger profile with the more supportive price setup.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY ON Elevated · above norm 0th 50th 100th 51 pct gap UHR.SW Neutral · above norm 0th 50th 100th 99th 48th
Today UHR.SW sits in the lower-middle of its own 5-year history (48th percentile), while ON sits higher in its own history (99th). Within each stock's own 5-year context, UHR.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
Profitability
ON Semiconductor Corporation sits in the stronger part of the group on profitability, while The Swatch Group AG is closer to mid-pack.
Valuation
Both sit in the weaker half on valuation, with ON Semiconductor Corporation still coming out ahead.
Profitability — Dominant Gap
ON
61
UHR.SW
27
Gap+34in favour of ON

The profitability lead is mainly driven by a 16.2-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

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

Explore full peer positioning in AssetNext

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

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Other comparisons with conflicting dimension signals

Explore how ON and UHR.SW 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.