ONON Add to watchlist $37.74 0.18 (-0.47%) Last updated: Jul 15, 2026 04:34
52-Week Range
$37.74
$31.41 $37.74 $54.41

Fundamentals Overview

On Holding AG is in the middle of its 52-week range with premium valuation, trading relatively flat today.

Valuation premium

P/E 50.2 PEG 2.34 P/B 5.73 P/S 3.25

Intrinsic value (DCF)

-14.6% downside vs price

Profitability

Net margin 8.1%

Risk (Beta)

2.12 — higher vol

Earnings & growth

EPS $0.75 Rev +15.2% Profit +54% vs prior qtr

BullzEye Analysis

Our composite tilts Hold on technicals (e.g. RSI, ADX, trend), fundamentals, sentiment, sector and index context, and risk.

Composite Signal

Sell
Buy
Hold — 59% confidence Risk: High Volatility — Beta 2.12. Consider smaller position size due to higher beta.

Supporting (Buy):

Analyst grade: B+ · 3M vs Consumer Cyclical sector: +8.6%

Pressures (Sell):

DCF 14.6% downside vs price · Sentiment weakening (1 downgrade) · Beta 2.12 (elevated)

Not financial advice. For education and research only; do your own research and consider a financial advisor before investing.

Key Stats

Market Cap
$12.58B
P/E (TTM)
50.23
EPS (TTM)
$0.75
Dividend Yield
N/A
52-Week Range
$31.41 - $54.41
Volume vs Avg
N/A
Beta
2.12

About

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through ...
Sector: Consumer Cyclical
Headquarters: CH
Employees: 3,963
IPO Date: Sep 2021
Website: www.on.com
Beta: 2.12 (More volatile than market)

Ratings & Grades at a Glance

Overall rating: B+. Recent institutional grades: majority downgrades. Current institutional positions: Buy: 12, Hold: 1, Neutral: 1, Outperform: 8, Overweight: 8.

Financial story & AI narrative

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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 $32.23; current price is $37.74. That’s a -14.6% 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) 50.23
DCF value (model) $32.23 (-14.6% vs price)
PEG (TTM) 2.34
P/B (TTM) 5.73
P/S (TTM) 3.25
P/FCF (TTM) 33.12
Liquidity & enterprise
Current Ratio (TTM) 2.98
Quick Ratio (TTM) 2.39
Cash Ratio (TTM) 1.48
Profitability
ROE (TTM) N/A
ROA (TTM) N/A
Revenue growth (YoY) N/A
Net margin (TTM) 8.05%
Gross margin (TTM) 63.88%
Operating margin (TTM) 13.39%
Debt to equity (TTM) N/A

Latest News

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Price Target, Ratings & Grades

Analyst price targets, consensus, rating snapshot, and institutional grades for ONON.

Analyst Sentiment at a Glance

B+ Sentiment Weakening
Buy 12Hold 1Neutral 1Outperform 8Overweight 8
0 upgrades, 1 downgrade
Price Target Consensus
Current $37.74
Median $52.00
Consensus $51.78
Low consensus $42.00
High consensus $59.00

Stock Grades (Institutions)

Institution Action Previous Grade New Grade Date
Barclays maintain Overweight Overweight 2026-05-13
Truist Securities maintain Buy Buy 2026-05-13
Keybanc maintain Overweight Overweight 2026-05-13
Guggenheim maintain Buy Buy 2026-05-13
Needham maintain Buy Buy 2026-05-12
Telsey Advisory Group maintain Outperform Outperform 2026-03-25
Truist Securities maintain Buy Buy 2026-03-04
Barclays maintain Overweight Overweight 2026-03-04
Telsey Advisory Group maintain Outperform Outperform 2026-03-04
Guggenheim maintain Buy Buy 2026-03-04
BTIG 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
Telsey Advisory Group maintain Outperform Outperform 2026-01-28
Needham maintain Buy Buy 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
Truist Securities maintain Buy Buy 2025-11-13
JP Morgan maintain Overweight Overweight 2025-11-13
Morgan Stanley maintain Overweight Overweight 2025-11-13
Telsey Advisory Group maintain Outperform Outperform 2025-11-13
UBS maintain Buy Buy 2025-11-13
Goldman Sachs maintain Neutral Neutral 2025-11-13
Barclays maintain Overweight Overweight 2025-11-13
B of A Securities maintain Buy Buy 2025-11-13