ONON Relative Valuation
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. If the market price exceeds this fair value range, ONON is overvalued; if below, it's undervalued.
Historical Valuation
On Holding AG (ONON) is now in the Overvalued zone, suggesting that its current forward PS ratio of 28.18 is considered Overvalued compared with the five-year average of 55.40. The fair price of On Holding AG (ONON) is between 14.60 to 21.18 according to relative valuation methord. Compared to the current price of 35.00 USD , On Holding AG is Overvalued By 65.24%.
Relative Value
Fair Zone
14.60-21.18
Current Price：35.00
65.24%
Overvalued
25.28
PE
1Y
3Y
5Y
Trailing
Forward
16.01
EV/EBITDA
On Holding AG. (ONON) has a current EV/EBITDA of 16.01. The 5-year average EV/EBITDA is 35.32. The thresholds are as follows: Strongly Undervalued below -20.12, Undervalued between -20.12 and 7.60, Fairly Valued between 63.04 and 7.60, Overvalued between 63.04 and 90.76, and Strongly Overvalued above 90.76. The current Forward EV/EBITDA of 16.01 falls within the Historic Trend Line -Fairly Valued range.
24.44
EV/EBIT
On Holding AG. (ONON) has a current EV/EBIT of 24.44. The 5-year average EV/EBIT is 53.58. The thresholds are as follows: Strongly Undervalued below -62.25, Undervalued between -62.25 and -4.34, Fairly Valued between 111.49 and -4.34, Overvalued between 111.49 and 169.41, and Strongly Overvalued above 169.41. The current Forward EV/EBIT of 24.44 falls within the Historic Trend Line -Fairly Valued range.
28.18
PS
On Holding AG. (ONON) has a current PS of 28.18. The 5-year average PS is 5.42. The thresholds are as follows: Strongly Undervalued below -1.21, Undervalued between -1.21 and 2.10, Fairly Valued between 8.73 and 2.10, Overvalued between 8.73 and 12.04, and Strongly Overvalued above 12.04. The current Forward PS of 28.18 falls within the Strongly Overvalued range.
31.75
P/OCF
On Holding AG. (ONON) has a current P/OCF of 31.75. The 5-year average P/OCF is 64.57. The thresholds are as follows: Strongly Undervalued below -232.81, Undervalued between -232.81 and -84.12, Fairly Valued between 213.26 and -84.12, Overvalued between 213.26 and 361.95, and Strongly Overvalued above 361.95. The current Forward P/OCF of 31.75 falls within the Historic Trend Line -Fairly Valued range.
68.67
P/FCF
On Holding AG. (ONON) has a current P/FCF of 68.67. The 5-year average P/FCF is -129.90. The thresholds are as follows: Strongly Undervalued below -1142.13, Undervalued between -1142.13 and -636.01, Fairly Valued between 376.22 and -636.01, Overvalued between 376.22 and 882.34, and Strongly Overvalued above 882.34. The current Forward P/FCF of 68.67 falls within the Historic Trend Line -Fairly Valued range.
On Holding AG (ONON) has a current Price-to-Book (P/B) ratio of 6.59. Compared to its 3-year average P/B ratio of 8.80 , the current P/B ratio is approximately -25.18% higher. Relative to its 5-year average P/B ratio of 9.02, the current P/B ratio is about -26.99% higher. On Holding AG (ONON) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 0.74%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 0.16% , the current FCF yield is about -100.00% lower.
6.59
P/B
Median3y
8.80
Median5y
9.02
3.68
FCF Yield
Median3y
0.74
Median5y
0.16
Competitors Valuation Multiple
The average P/S ratio for ONON's competitors is 43.78, providing a benchmark for relative valuation. On Holding AG Corp (ONON) exhibits a P/S ratio of 28.18, which is -35.64% above the industry average. Given its robust revenue growth of 31.97%, this premium appears sustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of ONON decreased by 40.00% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 30.10 to 68.75.
The secondary factor is the Revenue Growth, contributed 31.97%to the performance.
Overall, the performance of ONON in the past 1 year is driven by P/E Change. Which is more unsustainable.
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