GROWTH
Top line accelerating.
+42.2% YoY versus +19.9% prior. 3y CAGR +40.1%.
+42.2%
On Holding AG ONON
Consumer Discretionary · Market Cap: $12.9B
$38.88▲ 1.16 (3.08%)
Fundamentals as of 2026-03-31
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Consumer Discretionary · Market Cap: $12.9B
Fundamentals as of 2026-03-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
Bottom line: ONON currently has no legendary investor models qualifying — see /stock/ONON/valuation for the per-model breakdown, but earns a C sector grade (51/100) in Consumer Discretionary. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
The Question
+42.2% YoY versus +19.9% prior. 3y CAGR +40.1%.
+42.2%Net margin 6.8% versus 10.5% prior (−3.7pp). Operating 12.5%.
6.8%P/E 39.0x — 54% below the 5y median of 84.8x. Forward 27.8x hints at EPS expansion next year.
Concerns — On Holding AG's 14.3% ROE is below sector median.
Financial story
Concerns — On Holding AG's 14.3% ROE and 0.67 debt-to-equity warrant a closer look at the underlying business.
ONON trades at 39.2x earnings. Sector context and per-investor signals are in the valuation tab.
ONON and TOL differ on P/E, ROE, and revenue growth. See the full ONON vs TOL compare matrix.
Investor verdicts for ONON are listed in the valuation tab. Per-model fair value and reasoning are in the valuation tab.
ONON's P/E ratio is 39.2x. 5-year P/E history is in the financials tab.
Investor verdicts vary by methodology. Full breakdown by investor and signal is in the valuation tab.
ONON's earnings calendar and history are tracked in the financials tab. Specific dates depend on company-published guidance.
How does ONON compare?
See exactly where ONON ranks
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Sign in to see the rankingONON sits at #62 in Consumer Discretionary with a C grade (51/100).
