On Holding (ONON) - 43.52% Below 52-Week High: Buy or Wait?

Stock Details

On Holding AG (ONON), a prominent company in the consumer cyclical sector within the footwear & accessories industry, is based in Switzerland and primarily trades on the NYQ.Currently, the stock is trading at $28.85. Over the past 52 weeks, it has ranged between $29.63 and $51.08. This places the current price at 56.5% of its 52-week high and -2.6% above its 52-week low. Recent trading volume was recorded at 8,797,663. The 14-day Relative Strength Index (RSI) stands at 37.44, suggesting neutral conditions. The stock is currently trading below its 50-day moving average of $36.79 by 21.58%. Similarly, it is below its 200-day moving average of $40.26 by 28.34%. The MACD histogram is -0.68, indicating bearish momentum (MACD Line: -1.17, Signal Line: -0.50). The International Securities Identification Number (ISIN) for this stock is US68236V1061.

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

20.28

Near market average

Forward P/E

14.33

Earnings expected to grow

PEG Ratio

0.57

Potentially undervalued

Price to Book

4.21

EV/EBITDA

19.08

EPS (TTM)

$1.48

Price to Sales

3.12

Beta

2.12

More volatile than market

Q:How is ONON valued relative to its earnings and growth?

On Holding AG trades at a P/E ratio of 20.28, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 14.33 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 0.57 suggests the stock may be undervalued relative to its growth rate.

Q:What is ONON's risk profile compared to the market?

With a beta of 2.12, On Holding AG is significantly more volatile than the market. For every 10% market move, this stock tends to move 21% in the same direction. Higher beta stocks offer greater potential returns but with increased risk. The price-to-book ratio of 4.21 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

12.30%

Operating Margin

14.02%

EBITDA

$490.40M

Return on Equity

23.95%

Return on Assets

9.58%

Revenue Growth (YoY)

13.50%

Q:How profitable and efficient is ONON's business model?

On Holding AG achieves a profit margin of 12.30%, meaning it retains $12.30 from every $100 in revenue after all expenses. This represents a solid margin typical of well-run businesses, showing the company can effectively balance revenue generation with cost control. The operating margin of 14.02% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 23.95% and ROA at 9.58%, the company generates strong returns on invested capital.

Q:What are ONON's recent growth trends?

On Holding AG's revenue grew by 13.50% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. These growth metrics should be evaluated against Footwear & Accessories industry averages for proper context.

Company Size & Market

Market Cap

$10.0B

Revenue (TTM)

$3.22B

Revenue/Share (TTM)

$9.72

Shares Outstanding

301.72M

Book Value/Share

$7.14

Asset Type

EQUITY

Q:What is ONON's market capitalization and position?

On Holding AG has a market capitalization of $10.0B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 301.72M shares outstanding, the company's ownership is relatively concentrated. As a participant in the Footwear & Accessories industry, it competes with other firms in this sector.

Q:How does ONON's price compare to its book value?

On Holding AG's book value per share is $7.14, while the current stock price is $28.85, resulting in a price-to-book (P/B) ratio of 4.04. This high P/B ratio indicates significant intangible assets, strong brand value, or high growth expectations. Technology and consumer brand companies often trade at elevated P/B ratios due to intellectual property and competitive advantages not reflected on the balance sheet. As EQUITY, this represents a specific type of security.

Analyst Ratings

Analyst Target Price

$45.53

57.83% upside potential

Analyst Recommendations

Strong Buy

Buy

Hold

Sell

Strong Sell

Q:How reliable are analyst predictions for ONON?

27 analysts cover ONON with 85% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $45.53 implies 57.8% upside, but targets are often adjusted to follow price moves rather than predict them.

Q:What is the Wall Street consensus on ONON?

Current analyst recommendations:5 Strong Buy, 18 Buy, 3 Hold, 1 Sell, 0The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Aug 23, 2026, 02:33 AM

Technical Indicators

RSI (14-day)

37.44

Neutral

50-Day Moving Average

$36.79

-21.58% below MA-50

200-Day Moving Average

$40.26

-28.34% below MA-200

MACD Line

-1.17

MACD Signal

-0.50

MACD Histogram

-0.68

Bearish

Q:What does ONON's RSI value tell investors?

The RSI (Relative Strength Index) for ONON is currently 37.44, indicating the stock is showing bearish momentum (30-40 range). Selling pressure is evident but not extreme. This often occurs during pullbacks in uptrends or early stages of downtrends. Combined with the price being below the 50-day moving average, this confirms bearish conditions.

Q:How should traders interpret ONON's MACD and moving average crossovers?

MACD analysis shows the MACD line at -1.17 below the signal line at -0.50, with histogram at -0.68. This bearish crossover indicates downward pressure. The 50-day MA ($36.79) is below the 200-day MA ($40.26), forming a death cross pattern that often warns of extended weakness. Price is currently below both MAs, confirming weakness.

Indicators last updated: Aug 15, 2026, 01:27 AM

On Holding AG (ONON) Stock