Advanced Micro Devices Inc
$851.39B- Market cap
- $852.84B
- Debt
- +$4.10B
- Cash
- −$5.54B
Capital structure 100% equity / 0% debt · EV / Revenue 24.58x · EV proxy / EBITDA proxy 130.68x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: AMD stock price at discount vs ON $522.42 current versus $650.71 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ON's multiple
Implied fair value · at AMD's multiple
Snapshot Sep 9, 2026, 12:18 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Multiple premium
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 100% equity / 0% debt · EV / Revenue 24.58x · EV proxy / EBITDA proxy 130.68x
Capital structure 100% equity / 0% debt · EV / Revenue 4.27x · EV proxy / EBITDA proxy 33.21x
AMD carries the larger enterprise value at $851.39B against $25.58B; ON trades on the lower EV / Revenue multiple (4.27x vs 24.58x); ON on the lower EV / EBITDA (33.21x vs 130.68x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ADVANCED MICRO DEVICES INC · implied price per share
Bear
$49.26
Base
$59.26
Bull
$67.03
ON SEMICONDUCTOR CORPORATION · implied price per share
Bear
$43.50
Base
$50.83
Bull
$60.71
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe AMD can sustain 30%+ revenue growth and keep margins near current levels, then hold or add on weakness because the operating data support a premium multiple; if you think growth will normalize sharply, then reduce exposure because the current P/E and DCF gap imply substantial downside risk.
On the supplied P/E basis, AMD’s implied price of $741.73 suggests 53.5% upside versus the current $483.36, but that signal conflicts with the very high absolute multiple of 182.4x. Relative to ON, AMD is also far richer on sales and EBITDA, which indicates investors are paying a large premium for AMD’s stronger growth and profitability.
Supporting Metrics