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Stock Comparison · Valuation-led comparison

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

The structural profiles are close, with Westlake carrying a narrow edge on valuation. ON Semiconductor still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. 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.

Updated 2026-04-05

The comparison is mainly decided in valuation, with the rest of the profile carrying less weight.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #9
within ON Semiconductor Corporation's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The clearest structural overlap shows up in margin trend and revenue growth trajectory.

Similarity drivers
margin trendrevenue 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
22
Peer-Score
Signal qualityHigh
vs
WLK
Westlake Corporation
24
Peer-Score
Signal qualityHigh

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

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ON vs WLK Profitability 33 14 Stability 37 29 Valuation 9 47 Growth 9 0 ON WLK
Gap Ranking
#1 Valuation +38
#2 Profitability +19
#3 Growth +9
#4 Stability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ON and WLK Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ONWLK Relative valuation Structural strength

ON Semiconductor Corporation still looks stronger overall, though current pricing looks more supportive for Westlake Corporation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) and Forward P/E where available.

Relative Position vs Comparable Companies
Valuation
Westlake Corporation holds the stronger peer position on valuation.
Profitability
Both sit in the weaker half on profitability, with ON Semiconductor Corporation still coming out ahead.
Valuation — Dominant Gap
ON
9
WLK
47
Gap+38in favour of WLK

The main spread comes from a meaningfully cheaper peer-relative valuation.

What keeps the gap from being one-sided

Profitability still favours ON Semiconductor, with a 24.6-point operating margin advantage keeping the comparison from looking fully resolved.

What this means for the comparison

The main read on valuation is clearer than the broader score gap.

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

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Similar valuation-driven comparisons

Explore how ON and WLK 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.

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.