Fundamentals Overview
On Holding AG is near the low of its 52-week range with premium valuation, trading relatively flat today.
Valuation premium
Intrinsic value (DCF)
+16.7% upside vs price
Profitability
Risk (Beta)
2.23 — higher vol
Earnings & growth
BullzEye Analysis
Our composite tilts Hold on technicals (e.g. RSI, ADX, trend), fundamentals, sentiment, sector and index context, and risk.
Composite Signal
Supporting (Buy):
DCF +16.7% upside vs price · Analyst grade: B-
Pressures (Sell):
Sentiment weakening (1 downgrade) · 3M vs S&P 500: -28.2% · 3M vs Consumer Cyclical sector: -22.5% · Beta 2.23 (elevated)
Not financial advice. For education and research only; do your own research and consider a financial advisor before investing.
Key Stats
About
Ratings & Grades at a Glance
Overall rating: B-. Recent institutional grades: majority downgrades. Current institutional positions: Buy: 12, Hold: 1, Neutral: 1, Outperform: 9, Overweight: 7.
Valuation & Ratios
Valuation, liquidity, and profitability metrics are consolidated here (including ratios that previously appeared in the Financials story). Trailing (TTM) vs forward-looking (e.g. DCF) is noted on each line where it matters.
DCF vs price: DCF estimate is $41.35; current price is $35.43. That’s a +16.7% gap. When the gap is large (e.g. >20%), that’s divergence; when they’re close, that’s convergence. Differences can reflect growth expectations, sector premiums, or conservative vs. optimistic assumptions. Use DCF as one input alongside technicals and sentiment.
| Metric | Value |
|---|---|
| Valuation | |
| P/E (TTM) | 58.25 |
| DCF value (model) | $41.35 (16.7% upside) |
| PEG (TTM) | N/A |
| P/B (TTM) | 5.6 |
| P/S (TTM) | 3.05 |
| P/FCF (TTM) | 33.14 |
| Liquidity & enterprise | |
| Current Ratio (TTM) | 2.71 |
| Quick Ratio (TTM) | 2.13 |
| Cash Ratio (TTM) | 1.41 |
| Profitability | |
| ROE (TTM) | N/A |
| ROA (TTM) | N/A |
| Revenue growth (YoY) | N/A |
| Net margin (TTM) | 6.76% |
| Gross margin (TTM) | 62.82% |
| Operating margin (TTM) | 12.51% |
| Debt to equity (TTM) | N/A |
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Price Target, Ratings & Grades
Analyst price targets, consensus, rating snapshot, and institutional grades for ONON.
Analyst Sentiment at a Glance
Stock Grades (Institutions)
| Institution | Action | Previous Grade | New Grade | Date |
|---|---|---|---|---|
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-03-25 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-03-04 |
| Barclays | maintain | Overweight | Overweight | 2026-03-04 |
| Guggenheim | maintain | Buy | Buy | 2026-03-04 |
| BTIG | maintain | Buy | Buy | 2026-03-04 |
| Truist Securities | maintain | Buy | Buy | 2026-03-04 |
| Needham | maintain | Buy | Buy | 2026-03-03 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-03-03 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-02-24 |
| BTIG | maintain | Buy | Buy | 2026-01-29 |
| Needham | maintain | Buy | Buy | 2026-01-28 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-01-28 |
| Keybanc | maintain | Overweight | Overweight | 2026-01-22 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2026-01-14 |
| Williams Trading | downgrade | Buy | Hold | 2026-01-09 |
| Piper Sandler | maintain | Overweight | Overweight | 2025-11-25 |
| Evercore ISI Group | maintain | Outperform | Outperform | 2025-11-13 |
| Goldman Sachs | maintain | Neutral | Neutral | 2025-11-13 |
| Morgan Stanley | maintain | Overweight | Overweight | 2025-11-13 |
| Truist Securities | maintain | Buy | Buy | 2025-11-13 |
| UBS | maintain | Buy | Buy | 2025-11-13 |
| JP Morgan | maintain | Overweight | Overweight | 2025-11-13 |
| TD Cowen | maintain | Buy | Buy | 2025-11-13 |
| B of A Securities | maintain | Buy | Buy | 2025-11-13 |
| Barclays | maintain | Overweight | Overweight | 2025-11-13 |
| Telsey Advisory Group | maintain | Outperform | Outperform | 2025-11-13 |
| Needham | maintain | Buy | Buy | 2025-11-12 |
| Truist Securities | maintain | Buy | Buy | 2025-11-10 |
| Evercore ISI Group | maintain | Outperform | Outperform | 2025-11-10 |
| Piper Sandler | maintain | Overweight | Overweight | 2025-11-06 |