On Holding AG (ONON)

On Holding AG is a Swiss consumer company focused on performance sports products sold under the On brand. Its assortment includes footwear, apparel, and accessories for running, outdoor use, everyday wear, training, tennis, and products for younger customers. The company reaches athletes and active consumers through wholesale and direct-to-consumer channels, including specialty running stores, sporting goods and outdoor retailers, luxury and lifestyle shops, its own retail locations, and e-commerce. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland. Its shares trade on the NYSE under the symbol ONON as common stock.


Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date P/E Ratio Price-to-Book Ratio Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NYSE-ONON
$46.44
42.8% Upside
Undervalued
$43.66
34.3% Upside
Undervalued
Great
0.0%
November 17, 2026
22.6x
4.7x
2.8x
10.865 B
10.241 B
5.9%
74.4%
9.4
110.5%
Valuation • Fair Value

On Holding AG (NYSE-ONON) Fair Value by Valuation Model

Review the available estimates for On Holding AG (NYSE-ONON), including DCF Fair Value, Ben Graham Formula Value, EPV Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$46.44

Estimated upside of 42.8% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

DCF Fair Value

$49.50

Discounted cash flow valuation reference.

Ben Graham Formula Value

$15.95

Classic Ben Graham valuation formula reference.

EPV Fair Value

$19.70

Earnings power value estimate.

Comps Fair Value

$47.83

Comparable-company valuation reference.

Analyst Price Target

$43.66

Analysts imply upside of 34.3%.

How to read these valuation models

Use the 7 available valuation references for On Holding AG (NYSE-ONON) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for On Holding AG (NYSE-ONON)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

3.986 B

Current operating scale indicator.

Revenue Forecast

4.272 B

Forward revenue estimate.

EBITDA

607 M

Current operating profitability reference.

EBITDA Forecast

850.5 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review On Holding AG (NYSE-ONON) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for On Holding AG (NYSE-ONON)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Great

Positive financial-health read.

Piotroski Score

7

Relatively strong quality score.

Beneish M-Score

-2.58

No elevated caution signal from this screen.

Altman Z-Score

9.4

Relatively strong balance-sheet zone.

FCF / Net Income

110.5%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for On Holding AG (NYSE-ONON). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for On Holding AG (NYSE-ONON)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

November 17, 2026

Days to Earnings

24

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for On Holding AG (NYSE-ONON), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

On Holding AG (NYSE-ONON) Stock Forecast & Technical Outlook

Review On Holding AG (NYSE-ONON) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Sell

The 15-minute technical read for On Holding AG (NYSE-ONON) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Sell

The 1-hour technical read for On Holding AG (NYSE-ONON) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Sell

The daily technical read for On Holding AG (NYSE-ONON) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Sell

The weekly technical read for On Holding AG (NYSE-ONON) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Strong Sell

The monthly technical read for On Holding AG (NYSE-ONON) is currently Strong Sell. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for On Holding AG (NYSE-ONON)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Strong Buy

Based on the available recommendation mix, On Holding AG (NYSE-ONON) has a Strong Buy consensus, with 17 buy, 5 hold and 1 sell recommendations in the current data set.

Buy 17
Hold 5
Sell 1
FAQ • Fast Investor Answers

On Holding AG (NYSE-ONON) Stock FAQ

Data-supported answers about On Holding AG (NYSE-ONON), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$46.44
Estimated upside 42.8%
Valuation Rating
Undervalued
Estimated upside of 42.8%
Analyst Target
$43.66
Implied upside 34.3%
Financial Health
Great
Current financial-health read

The current fair value estimate for On Holding AG (NYSE-ONON) is $46.44. This implies an estimated upside of 42.8% versus the current market price.

Based on the current fair value estimate, the stock appears undervalued, with estimated upside of 42.8% versus the current market price.

The available analyst price target for On Holding AG (NYSE-ONON) is $43.66. The analyst target implies estimated upside of 34.3%.

The current financial health read for On Holding AG (NYSE-ONON) is Great. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for On Holding AG (NYSE-ONON) is November 17, 2026.

The latest available data indicates no current dividend yield for On Holding AG (NYSE-ONON).

The current P/E ratio listed for On Holding AG (NYSE-ONON) is 22.6x. Use it together with growth, margins and sector comparisons rather than as a standalone valuation signal.

The current market capitalization listed for On Holding AG is 10.865 B.

The current enterprise value listed for On Holding AG is 10.241 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for On Holding AG is NYSE-ONON, and the stock is listed on NYSE.

On Holding AG (NYSE-ONON) is listed on NYSE.

The current debt-to-total-capital ratio listed for On Holding AG is 5.9%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for On Holding AG is 74.4%. Free float helps investors understand how much of the share base is available for public trading.