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ONON

On Holding AG

ONON

NYSE·Consumer Cyclical·Apparel - Footwear & Accessories·Mkt cap $11.9B

$37.06

+4.22%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$31.41 - $54.72

P/E

115.81

Fwd P/E

26.43

Beta

2.10

Div Yield

0.00%

Avg Vol

6.1M

Shares Out

Mkt Cap

$11.9B

Price action

Price chart

Down 33.8% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

No bull reasons captured for this rating yet.

Bear Case

2 risks

  • High volatility (beta 2.1). Larger-than-normal price swings expected.
  • Significant premium - growth priced in

Growth

Strong growth ahead

Value

Significant premium - growth priced in

Momentum

Strong

+7.7% over 3m

Quality

Excellent

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 11, 2026

Q2 26 RECAP

MAY 12, 2026

Reported EPS of $0.47 vs $0.35 consensus (+34.3% surprise). Revenue of $1.0B vs $1.0B expected (+1.3%). Beat on both top and bottom lines.

EPS beat +34.3%
Rev beat +1.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+34.3%

Next: Aug 11, 2026

Revenue trend · last 1Q

Q1 26

$850.5M

Margins · last 1Q

Profit

12.4%

Wall Street consensus

7 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

100%

Hold

0%

Sell

0%

Median Price Target

$48.00

+29.5% vs $37.06

Low $42.00
Median $48.00
High $52.00

Latest: Telsey Advisory · $51.00 · May 13, 2026

5 analysts covering

vs Industry

How ONON stacks vs Apparel - Footwear & Accessories

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.

Themes

No themes assigned.