Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Onex Corporation (ONEXF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Onex Corporation $96.16, price $73.07, upside +31.6%, quality 80 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
- Add to watchlist
OC
Broad data
Sep 24, 2026
Broad data
Sep 24, 2026
Onex Corporation
ONEXF · USUndervalued, solidFair Value upside is positive and quality is strong.
✓Fair value $96.16 · Undervalued (+31.6%)
✓Quality 80/100
!Mixed Growth (revenue 5y −10.1 %/yr)
✓Highly profitable · 68.2% net margin (TTM)
✓Low debt · generates free cash flow
✓0.4% dividend yield · Well covered
✓Wide moat 67/100
Watch Onex Corporation for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.
Watch for free
Pro now: $1 first month
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $43.26 – $90.47 · fair‑value band $72.12 – $120.20 · the $73.07 price screens below the $96.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, turnaround, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies.
Show more
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, turnaround, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, Industry consolidation, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up. The firm seeks to invest in industrials, Health and Wellness, financial services, consumer, and business services & software. It invests in global businesses headquartered in North America, including United States, Canada, and Europe. The firm seeks to invest between $125 million and $1000 million in companies that have minimum revenues of $300 million. It does not consider size if the company is in an industry in which the firm already has presence. The firm seeks to make direct as well as co-investments through managed private equity, real estate, and credit funds. It seeks to acquire a control position in its portfolio companies. Onex Corporation was founded in 1984 and is based in Toronto, Canada with additional offices in New York, New York; Englewood Cliffs, New Jersey; Boston, Massachusetts and London, United Kingdom.
Stock analysis
Onex Corporation (ONEXF) currently trades at $73.07, while our model-based Fair Value estimate is $96.16, implying the stock looks roughly 24.0% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 22 models at a data quality of 95/100, which puts the evidence level at high.
Scenario range: $72.12 (bear) to $120.20 (bull), the price of $73.07 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 80/100 (high quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Onex Corporation reported revenue of $293M in FY2025 versus $2.0B in FY2021, a compound −38.4%/yr. Reported net income was $628M in FY2025, compounding −18.2%/yr from FY2021.
Key figures
Market cap $6.0B · P/E ratio 8.8 · P/S ratio 18.9 · EPS (TTM) $8.28 · Dividend yield 0.4% · Net margin 68.2% · Return on equity 6.4% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 32%, ONEXF screens cheaper than that median.
Fair Value models
Bear $72.12
Fair Value $96.16
Bull $120.20
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($6.04 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
P/B Multiple
$73.38
$97.83
$122.29
55
NCAV (Graham)
$57.55
$77.12
$115.10
54
All 2 models by family
Multiples
P/B Multiple
$73.38
$97.83
$122.29
55
Asset-Based
NCAV (Graham)
$57.55
$77.12
$115.10
54
Notify me when ONEXF reaches fair value
Put ONEXF on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
80/100
Of which business quality 75 · Market factors (momentum, volatility) 41
Profitability
37
Margins and returns on capital today
Quality Growth
65
Are margins and returns improving?
Cashflow
86
Earnings quality: real cash, not paper profit
Fin. Strength
80
Balance sheet, leverage, solvency risk
Investment
97
Disciplined investing over empire-building
Low Volatility
68
Calm price path (market factor)
Momentum
36
Price trend over the last 3–12 months (market factor)
52W Momentum
18
Distance to the 52-week high (market factor)
Net Issuance
100
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−31.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.1%
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.4%
’13
’14
’15
’16
’17
’18
’19
’20
’21
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.1%
Dividend (yield on the price)0.4%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.68% → 217%
2025 sits 209% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 26.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −9.8% a year for the price.
Watch ONEXF, get fair value alerts →
Earlier news
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.
Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
- Onex to Present at the Scotiabank 27th Annual Financials Summit
- Onex Partners and Co-Investors Complete Acquisition of AirSprint
- Onex to Announce Second Quarter 2026 Results on August 13, 2026
Compare Onex Corporation with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 657 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation Multiplesvs Asset Management median · lower = cheaper
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Asset Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Blackstone Inc BX | $112.09 | $52.29 | −53% |
| KKR & Co KKR | $93.18 | $29.26 | −69% |
| Brookfield Corporation BN | $36.87 | $13.45 | −64% |
| Apollo Global Management, Inc APO | $116.06 | $197.23 | +70% |
| State Street Corporation STT | $177.78 | $139.37 | −22% |
| Ameriprise Financial, Inc AMP | $494.82 | $595.40 | +20% |
| Ares Management Corporation ARES | $122.01 | $103.68 | −15% |
| Northern Trust Corporation NTRS | $175.73 | $123.42 | −30% |
| Raymond James Financial, Inc RJF | $161.16 | $317.27 | +97% |
| Exor N.V EXO | €68.10 | €136.20 | +100% |
Explore undervalued stocks
More undervalued Financial Services stocks →
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Onex Corporation (ONEXF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $96.16 versus a price of $73.07, about +32% upside (undervalued).
What is the fair value of ONEXF?
Our model-based fair value for Onex Corporation is $96.16 (as of Sep 24, 2026), built from audited fundamentals. The current price: $73.07.
What is the quality score of ONEXF?
Onex Corporation has a Quality Score of 80/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Onex Corporation (ONEXF)?
Our model-based price target is the fair value of $96.16 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $72.12, optimistic scenario $120.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Onex Corporation stock forecast for 2026?
Our models put fair value at $96.16, about +32% upside versus a price of $73.07 (undervalued). Cautious scenario $72.12, optimistic scenario $120.20. The calculation is refreshed regularly with new filings.
What is the revenue of Onex Corporation (ONEXF)?
Onex Corporation reported trailing-twelve-month revenue of about $848M (latest available figure, as of Sep 24, 2026).
Does Onex Corporation pay a dividend?
Onex Corporation currently shows a dividend yield of about 0.40% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Onex Corporation (ONEXF)?
For today's price to be fair in a discounted-cash-flow model, Onex Corporation would have to grow free cash flow by -7.6 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -23.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ONEXF use?
Our models discount Onex Corporation at 9.6 %: a base by market capitalisation (mid), damped by beta 0.95, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Onex Corporation that is -7.6 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Onex Corporation (ONEXF) delivered so far?
Over the past 5 years revenue at Onex Corporation grew -23.8 % a year. The price currently implies -7.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Onex Corporation (ONEXF) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into Onex Corporation (-7.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Onex Corporation (ONEXF)?
The free-cash-flow yield on the price is 19.23 %: that much free cash flow Onex Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Onex Corporation (ONEXF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Onex Corporation it is $96.16 per share (as of Sep 24, 2026), against a price of $73.07. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Onex Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ONEXF trades below its calculated fair value: price $73.07, fair value $96.16, a gap of about +32% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ONEXF?
No. The price is what the market pays today ($73.07); the fair value is what the company's own numbers justify ($96.16). For Onex Corporation the two are $23.09 per share apart. That gap is exactly why we show both numbers side by side.
How much is Onex Corporation worth?
The market values Onex Corporation at about $6.0B (market capitalisation, as of Sep 24, 2026). Per share that is $73.07; our models calculate a fair value of $96.16 per share.
What do the bullish and bearish scenarios say about ONEXF?
Our models span a range for Onex Corporation: cautious scenario $72.12, base $96.16, optimistic $120.20 per share (as of Sep 24, 2026, price $73.07). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ONEXF?
Onex Corporation trades at a price-to-earnings ratio of 8.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $96.16 is built from several models across several years. Other multiples: P/B 0.7, P/S 7.1, EV/EBITDA 11.3.
How solid is the balance sheet of Onex Corporation (ONEXF)?
Balance-sheet figures for Onex Corporation (as of Sep 24, 2026): return on equity 6.4%, debt of 0.27 per unit of equity. They feed the Quality Score of 80/100, which measures business quality independently of the share price.
How far is ONEXF from its 52-week high?
Onex Corporation trades at $73.07, about 19% below its 52-week high of $90.47 and 5% above the low of $69.92 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $96.16 is for.
Which stocks are comparable to Onex Corporation?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Onex Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $73.07, calculated fair value $96.16 (+32%), Quality Score 80/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ONEXF calculated?
We run Onex Corporation through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $96.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Onex Corporation currently trades 24 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Onex Corporation (ONEXF)?
The closing price on Oct 2, 2026 was $73.07. Our model-based fair value is $96.16, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Onex Corporation right now?
The rarer combination: high quality (80/100) AND below fair value. That earns a closer look rather than a quick verdict. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Onex Corporation
How large is the market capitalisation of Onex Corporation (ONEXF)?
The market capitalisation of Onex Corporation is $6.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Onex Corporation (ONEXF)?
The price-to-sales ratio of Onex Corporation is 18.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Onex Corporation (ONEXF)?
Earnings per share at Onex Corporation are $8.28 (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Onex Corporation (ONEXF)?
The dividend yield of Onex Corporation is 0.4% (payout 3.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Onex Corporation (ONEXF)?
The net margin of Onex Corporation is 68.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Onex Corporation (ONEXF)?
The return on equity (ROE) of Onex Corporation is 6.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Onex Corporation (ONEXF)?
On an EBIT basis the return on assets of Onex Corporation is 5.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Onex Corporation (ONEXF)?
The operating margin of Onex Corporation is 75.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Onex Corporation (ONEXF)?
Revenue at Onex Corporation is growing −10.4% versus a year earlier (3y avg −12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Onex Corporation (ONEXF)?
Earnings per share at Onex Corporation are growing −25.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Onex Corporation (ONEXF) hold?
Onex Corporation holds more cash than debt, $1.3B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Onex Corporation in the live analysis
One click puts Onex Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.