On Holding AG is a Switzerland-based company active in athletic sports accesories industry. The Company provides footwear and sports apparel and is engaged in developing and distributing performance sports products, through independent retailers and global distributors. The Company sells its products trough the internet and its own stores.

Events Timeline

(ET)

2026-03-02

14:00:00

AutoZone, Target and Others Reporting Earnings Tomorrow

2026-01-28 (ET)

2026-01-28

05:10:00

On Holding Appoints Frank Sluis as CFO

2025-12-18 (ET)

2025-12-18

19:10:00

Nike Lowers Q3 Revenue Outlook, Shares Drop Over 10% After Hours

News

9.5

16:11 PMseekingalpha

PinnedOn Holding Scheduled to Announce Q4 Earnings on March 3

8.0

21:03 PMNASDAQ.COM

Surge in Options Trading Volume for ON Holding AG

5.0

20:03 PMCNBC

Apple Launches New Budget iPhone Model Amid Market Volatility

9.5

18:02 PMBenzinga

Major Retailers Continue Earnings Season This Week

4.5

13:06 PMFool

Middle East Conflict Weighs on Market Performance

4.5

03-01Barron's

Key Companies to Monitor This Week: Jobs, CrowdStrike, Target, Broadcom, Costco, and Others

21 Analyst Rating

Wall Street analysts forecast ONON stock price to rise

18 Buy

2 Hold

1 Sell

Strong Buy

Current: 0.000

Low

30.00

Averages

60.79

High

85.00

Current: 0.000

Low

30.00

Averages

60.79

High

85.00

KeyBanc

Ashley Owens

Overweight

downgrade

$68 -> $58

AI Analysis

2026-01-22

Reason

KeyBanc

Ashley Owens

Price Target

$68 -> $58

AI Analysis

2026-01-22

downgrade

Overweight

Reason

KeyBanc analyst Ashley Owens lowered the firm's price target on On Holding to $58 from $68 and keeps an Overweight rating on the shares. The firm continues to like the name and at valuation it looks compelling. With that said, stock underperformance reduces KeyBanc's price target.

Goldman Sachs

Neutral -> Buy

upgrade

$52 -> $59

2026-01-19

Reason

Goldman Sachs

Price Target

$52 -> $59

2026-01-19

upgrade

Neutral -> Buy

Reason

Goldman Sachs upgraded On Holding to Buy from Neutral with a price target of $59, up from $52. The de-rating in the shares over the last 12 months creates an attractive entry point, the analyst tells investors in a research note. Goldman believes On should grow revenue, EBITDA and earnings over 20% through to 2028 as it continues to leverage its "unique premium position" in the sportswear market to drive sales growth and margin expansion. It sees the company beating Q4 estimates, saying higher frequency data indicates a "very strong" holiday season for the brand.

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Valuation Metrics

The current forward P/E ratio for On Holding Ltd (ONON.N) is 29.64, compared to its 5-year average forward P/E of 54.18. For a more detailed relative valuation and DCF analysis to assess On Holding Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

54.18

Current PE

29.64

Overvalued PE

117.11

Undervalued PE

-8.75

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

34.35

Current EV/EBITDA

18.66

Overvalued EV/EBITDA

61.64

Undervalued EV/EBITDA

7.06

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

5.09

Current PS

3.58

Overvalued PS

7.46

Undervalued PS

2.73

Financials

AI Analysis

Annual

Quarterly

Whales Holding ONON

FengHe Fund Management Pte. Ltd.

Interval Partners, LP

Junto Capital Management LP

Bill & Melinda Gates Foundation Asset Trust

MUFG Securities EMEA plc

Delaware Management Company

Trading Trends

People Also Watch

Frequently Asked Questions

What is On Holding Ltd (ONON) stock price today?

The current price of ONON is 46.76 USD — it has increased 0.6

What is On Holding Ltd (ONON)'s business?

What is the price predicton of ONON Stock?

Wall Street analysts forecast ONON stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ONON is60.79 USD with a low forecast of 30.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is On Holding Ltd (ONON)'s revenue for the last quarter?

On Holding Ltd revenue for the last quarter amounts to 794.40M USD, increased 24.94

What is On Holding Ltd (ONON)'s earnings per share (EPS) for the last quarter?

On Holding Ltd. EPS for the last quarter amounts to 0.36 USD, increased 300.00

How many employees does On Holding Ltd (ONON). have?

On Holding Ltd (ONON) has 3254 emplpoyees as of March 02 2026.

What is On Holding Ltd (ONON) market cap?

Today ONON has the market capitalization of 15.35B USD.

ONON Overview

ONON Overview

Events Timeline

News

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Whales Holding ONON

Trading Trends

People Also Watch

Frequently Asked Questions

What is On Holding Ltd (ONON) stock price today?

What is On Holding Ltd (ONON)'s business?

What is the price predicton of ONON Stock?

What is On Holding Ltd (ONON)'s revenue for the last quarter?

What is On Holding Ltd (ONON)'s earnings per share (EPS) for the last quarter?

How many employees does On Holding Ltd (ONON). have?

What is On Holding Ltd (ONON) market cap?