Texas Instruments Incorporated
$247.19B- Market cap
- $236.37B
- Debt
- +$14.05B
- Cash
- −$3.23B
Capital structure 94% equity / 6% debt · EV / Revenue 13.98x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $236.37B · View financials
Snapshot Sep 10, 2026, 4:00 PM ET
Decision snapshot: TXN stock price at discount vs ON $258.82 current versus $1.32K 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 TXN's multiple
Snapshot Sep 10, 2026, 4:00 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 94% equity / 6% debt · EV / Revenue 13.98x
Capital structure 100% equity / 0% debt · EV / Revenue 4.20x · EV proxy / EBITDA proxy 32.68x
TXN carries the larger enterprise value at $247.19B against $25.17B; ON trades on the lower EV / Revenue multiple (4.20x vs 13.98x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
TEXAS INSTRUMENTS INCORPORATED · implied price per share
Bear
$24.46
Base
$29.37
Bull
$38.11
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 the market will re-rate TXN toward ON-implied multiples (P/E closer to ON's 16.5x), then reduce or sell TXN because ON-implied price of $85.81 implies roughly -60.2% downside from the current $215.56.
TXN's current price of $215.56 is far above ON-implied P/E valuation of $85.81 (implying -60.2% downside). The premium is visible across valuation metrics: TXN's P/E and P/S are materially higher than ON's, while TXN still sits comfortably inside its historical band ($194.00 - $237.12).
Supporting Metrics