ONON
On Holding Ltd
NYSE: ONON · CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES
$35.61
+0.79% today
Updated 2026-04-30
Market cap
$11.73B
P/E ratio
45.42
P/S ratio
3.89x
EPS (TTM)
$0.78
Dividend yield
—
52W range
$31 – $61
Volume
6.7M
WallStSmart proprietary scores
55
out of 100
Grade: C+
Hold
Investment rating
6.7
Growth
B6.8
Quality
B6.0
Profitability
B5.3
Valuation
C+2/9
Piotroski F-Score
Weak
3.3
Altman Z-Score
Safe zone
—
Industry rank
—
View all highly rated stocks (75+) →206 stocks currently score above 75
Price targets
Analyst target
$56.03
+57.34%
12-Month target
$23.34
-34.46%
Intrinsic (DCF)
$43.04
Margin of safety
-5.23%
5 Strong Buy17 Buy4 Hold1 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Altman Z 3.25 — safe zone
+ Free cash flow $80.12M — positive
+ Revenue growth 22.60% QoQ
Risks
- Piotroski 2/9 — weak financial health
- P/E 45.42x — expensive valuation
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $1.22B | $1.79B | $2.32B | $2.88B | $3.01B |
| Net income | $57.70M | $79.60M | $242.30M | $194.54M | $68.57M |
| EPS | — | — | — | — | $0.78 |
| Free cash flow | $-310.00M | $184.90M | $445.60M | $253.18M | $80.12M |
| Profit margin | 4.72% | 4.44% | 10.45% | 6.76% | 6.76% |
Peer comparison
Smart narrative
On Holding Ltd trades at $35.61. representing a P/E of 45.42x trailing earnings. Our Smart Value Score of 55/100 indicates the stock is fair. The company scores 2/9 on the Piotroski F-Score. With an Altman Z-Score of 3.25, it sits in the safe zone. TTM revenue stands at $3.01B. with profit margins at 6.76%. Our DCF model estimates intrinsic value at $43.04.
Frequently asked questions
What is On Holding Ltd's stock price?
On Holding Ltd (ONON) trades at $35.61.
Is On Holding Ltd overvalued?
Smart Value Score 55/100 (Grade C+, Hold). DCF value $43.04.
What is the price target of On Holding Ltd (ONON)?
The analyst target price is $56.03, representing +57.3% upside from the current price of $35.61.
What is the intrinsic value of On Holding Ltd (ONON)?
Based on our DCF model, intrinsic value is $43.04, a -5.2% margin of safety versus $35.61.
What is On Holding Ltd's revenue?
TTM revenue is $3.01B.
Piotroski F-Score?
2/9 — weak financial health.
Altman Z-Score?
3.25 — safe zone.
Company info
SectorCONSUMER CYCLICAL
IndustryFOOTWEAR & ACCESSORIES
CountryUSA
ExchangeNYSE
CurrencyUSD
Quick metrics
P/S ratio3.89x
ROE13.50%
Beta2.23
50D MA$39.00
200D MA$43.54
Shares out0.30B
Float0.25B
Short ratio—
Avg volume6.7M
Performance
1 week-2.46%
1 month+3.85%
3 months-21.52%
YTD-23.99%
1 year—
3 years—
5 years—