On Holding AG (ONON)

Currency in USD
37.26
+0.42(+1.14%)
Closed·
37.30+0.04(+0.11%)
·
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Fair Value
Day's Range
35.9637.65
52 wk Range
31.4161.29
Key Statistics
Prev. Close
36.84
Open
37
Day's Range
35.96-37.65
52 wk Range
31.41-61.29
Volume
8.41M
Average Volume (3m)
6.95M
1-Year Change
-37.7963%
Book Value / Share
6.69
Fair Value
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Fair Value Upside
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ONON Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
53.10
Upside
+42.50%
Members' Sentiments
Bearish
Bullish
ProTips
11 analysts have revised their earnings upwards for the upcoming period

On Holding AG News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Buy

Analyst Ratings

22 Buy
3 Hold
1 Sell
Ratings:
26 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 53.10
(+42.50% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
UBS
Buy85.00+128.13%85.00MaintainMay 13, 2026
KeyBanc
Buy43.00+15.41%58.00MaintainMay 13, 2026
Truist Securities
Buy48.00+28.82%55.00MaintainMay 13, 2026
Telsey
Buy51.00+36.88%60.00MaintainMay 13, 2026
Barclays
Buy46.00+23.46%57.00MaintainMay 13, 2026

On Holding AG SWOT Analysis


Premium Performance
On Holding's innovative footwear technology drives 35% revenue growth and 60%+ gross margins, positioning it as a leader in the premium sportswear market
Global Expansion
Explore On Holding's strategic moves into new markets and product categories, including plans to double apparel sales and increase global market share
Financial Resilience
Delve into On Holding's strong financial health, with more cash than debt and an impressive Altman Z-Score of 9.09, indicating minimal financial distress risk
Market Challenges
Analysts project an average price target of $65.83, reflecting optimism tempered by potential tariff impacts and intensifying competition in the athletic footwear secto
Read full SWOT analysis

On Holding AG Earnings Call Summary for Q1/2026

  • On Holding AG posted record Q1 2026 net sales of CHF 831.9M, up 26.4% YoY at constant currency, surpassing CHF 800M for first time.
  • Gross profit margin hit record 64.2%, up from 59.9% prior year; adjusted EBITDA margin rose 450 bps to 21% as distribution costs declined.
  • Direct-to-Consumer channel grew 28.7% YoY; APAC region surged 61.4% at constant currency, driving geographic expansion momentum.
  • Company guided Q2 2026 revenue to $1.11B and Q3 to $1.21B, with EPS forecasts of $0.40 and $0.48 respectively, signaling continued growth.
  • Stock fell 6.43% in premarket to $31.85 despite strong results; leadership transitions to co-CEO structure with new CFO Frank Sluis appointed.
Last Updated: 2026-05-12, 10:34 a/m
Read Full Transcript

Earnings

Latest Release
Nov 12, 2025
EPS / Forecast
0.36 / 0.33
Revenue / Forecast
794.4M / 876.84M
EPS Revisions
Last 90 days

ONON Income Statement

Compare ONON to Peers and Sector

Metrics to compare
ONON
Peers
Sector
Relationship
P/E Ratio
38.8x14.1x10.6x
PEG Ratio
−2.61−0.030.02
Price/Book
5.5x2.9x1.4x
Price / LTM Sales
3.1x1.3x0.9x
Upside (Analyst Target)
57.3%165.2%30.1%
Fair Value Upside
Unlock34.3%11.7%Unlock

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 wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

Employees
3963

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
85.62M25.87%3.15B
Other Institutional Investors
121.17M36.61%4.46B
Public Companies & Retail Investors
124.21M37.53%4.58B
Total
331M100.00%12.19B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
FMR LLC7.27%24,079,437887,086
Morgan Stanley Investment Management Inc.5.71%18,899,729696,266

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FAQ

What Is the On Holding (ONON) Stock Price Today?

The On Holding stock price today is 37.26 USD.

What Stock Exchange Does On Holding Trade On?

On Holding is listed and trades on the New York Stock Exchange.

What Is the Stock Symbol for On Holding?

The stock symbol for On Holding is "ONON."

What Is the On Holding Market Cap?

As of today, On Holding market cap is 12.30B USD.

What Is On Holding's Earnings Per Share (TTM)?

The On Holding EPS (TTM) is 0.75.

From a Technical Analysis Perspective, Is ONON a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has On Holding Stock Split?

On Holding has split 0 times.

How Many Employees Does On Holding Have?

On Holding has 3963 employees.

What is the current trading status of On Holding (ONON)?

As of May 16, 2026, On Holding (ONON) is trading at a price of 37.26 USD, with a previous close of 36.84 USD. The stock has fluctuated within a day range of 35.96 USD to 37.65 USD, while its 52-week range spans from 31.41 USD to 61.29 USD.

What Is On Holding (ONON) Price Target According to Analysts?

The average 12-month price target for On Holding is 53.10 USD, with a high estimate of 85.79248886 USD and a low estimate of 23.89942712 USD. 22 analysts recommend buying the stock, while 1 suggest selling, leading to an overall rating of Buy. The stock has an +42.50% Upside potential.

What Is the ONON Premarket Price?

ONON's last pre-market stock price is 37.14 USD. The pre-market share volume is 60,620.00, and the stock has decreased by 0.30, or 0.80%.

What Is the ONON After Hours Price?

ONON's last after hours stock price is 37.30 USD, the stock has decreased by 0.04, or 0.11%.
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