On Holding AG (ONON) Valuation
Historical valuation analysis based on 1278 data points (2021-09-15 to 2026-10-16)
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles...
On Holding AG trades near its historical valuation range, with most metrics close to their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
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On Holding AG (ONON) Valuation & P/E History
On Holding AG (ONON) is a US-listed stock operating in the Consumer Cyclical sector currently trading at $34.63 with a market capitalization of $11.6 billion. This page provides historical valuation analysis for ONON based on 1278 data points covering 2021-09-15 to 2026-10-16...
ONON Valuation Metrics & Historical Range
The valuation table above shows On Holding AG's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether ONON is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests ONON is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for On Holding AG.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is ONON Overvalued or Undervalued?
On Holding AG trades near its historical valuation range, with most metrics close to their median levels. The overall valuation percentile of 50 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive ONON is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full ONON analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.ONON trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.