Historical Valuation
On Holding AG (ONON) is now in the Fair zone, suggesting that its current forward PS ratio of 3.58 is considered Fairly compared with the five-year average of 54.18. The fair price of On Holding AG (ONON) is between 37.67 to 89.50 according to relative valuation methord.
Relative Value
Fair Zone
37.67-89.50
Current Price：49.12
Fair
P/E
EV/EBITDA
EV/EBIT
P/S
P/OCF
P/FCF
1Y
3Y
5Y
Trailing
Forward
On Holding AG (ONON) has a current Price-to-Book (P/B) ratio of 7.96. Compared to its 3-year average P/B ratio of 8.90 , the current P/B ratio is approximately -10.50% higher. Relative to its 5-year average P/B ratio of 8.95, the current P/B ratio is about -11.04% higher. On Holding AG (ONON) has a Forward Free Cash Flow (FCF) yield of approximately 2.82%. Compared to its 3-year average FCF yield of 1.17%, the current FCF yield is approximately 140.29% lower. Relative to its 5-year average FCF yield of 0.31% , the current FCF yield is about 797.01% lower.
P/B
Median3y
8.90
Median5y
8.95
FCF Yield
Median3y
1.17
Median5y
0.31
Competitors Valuation Multiple
AI Analysis for ONON
The average P/S ratio for ONON competitors is 2.47, providing a benchmark for relative valuation. On Holding AG Corp (ONON.N) exhibits a P/S ratio of 3.58, which is 45.39% above the industry average. Given its robust revenue growth of 24.94%, this premium appears sustainable.
Performance Decomposition
AI Analysis for ONON
1Y
3Y
5Y
Market capitalization of ONON increased by 0.00% over the past 1 year. The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.
The secondary factor is the Unknown, contributed 0.00%to the performance.
Overall, the performance of ONON in the past 1 year is driven by Unknown.
People Also Watch
Frequently Asked Questions
Is ONON currently overvalued or undervalued?
On Holding AG (ONON) is now in the Fair zone, suggesting that its current forward PS ratio of 3.58 is considered Fairly compared with the five-year average of 54.18. The fair price of On Holding AG (ONON) is between 37.67 to 89.50 according to relative valuation methord.
What is On Holding AG (ONON) fair value?
ONON's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of On Holding AG (ONON) is between 37.67 to 89.50 according to relative valuation methord.
How does ONON's valuation metrics compare to the industry average?
The average P/S ratio for ONON's competitors is 2.47, providing a benchmark for relative valuation. On Holding AG Corp (ONON) exhibits a P/S ratio of 3.58, which is 45.39% above the industry average. Given its robust revenue growth of 24.94%, this premium appears sustainable.
What is the current P/B ratio for On Holding AG (ONON) as of Jan 10 2026?
As of Jan 10 2026, On Holding AG (ONON) has a P/B ratio of 7.96. This indicates that the market values ONON at 7.96 times its book value.
What is the current FCF Yield for On Holding AG (ONON) as of Jan 10 2026?
As of Jan 10 2026, On Holding AG (ONON) has a FCF Yield of 2.82%. This means that for every dollar of On Holding AG’s market capitalization, the company generates 2.82 cents in free cash flow.
What is the current Forward P/E ratio for On Holding AG (ONON) as of Jan 10 2026?
As of Jan 10 2026, On Holding AG (ONON) has a Forward P/E ratio of 29.64. This means the market is willing to pay $29.64 for every dollar of On Holding AG’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for On Holding AG (ONON) as of Jan 10 2026?
As of Jan 10 2026, On Holding AG (ONON) has a Forward P/S ratio of 3.58. This means the market is valuing ONON at $3.58 for every dollar of expected revenue over the next 12 months.