Seagate Technology Holdings plc
$194.35B- Market cap
- $192.48B
- Debt
- +$3.57B
- Cash
- −$1.70B
Capital structure 98% equity / 2% debt · EV / Revenue 15.94x · EV / EBITDA 45.76x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: STX stock price at discount vs ON $849.28 current versus $3.57K 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 STX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: STX FY 2026 (ended Jul 3, 2026) · ON FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 98% equity / 2% debt · EV / Revenue 15.94x · EV / EBITDA 45.76x
Capital structure 100% equity / 0% debt · EV / Revenue 4.41x · EV / EBITDA 33.85x
STX carries the larger enterprise value at $194.35B against $26.41B; ON trades on the lower EV / Revenue multiple (4.41x vs 15.94x); ON on the lower EV / EBITDA (33.85x vs 45.76x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Seagate Technology Holdings plc · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
ON SEMICONDUCTOR CORPORATION · implied price per share
Bear
$43.50
Base
$50.83
Bull
$60.71
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.65x
0.00x
Net debt / EBITDA
Leverage against operating earnings
0.44x
-3.26x
Cash and equivalents
Liquid reserves on the balance sheet
$1.70B
$2.55B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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