On Holding Valuation

ONON Stock  USD 49.42  1.40  2.92%   
At this time, the company appears to be undervalued. On Holding owns a latest Real Value of $54.7 per share. The recent price of the company is $49.42. Our model determines the value of On Holding from analyzing the company fundamentals such as shares owned by insiders of 21.77 %, and Return On Asset of 0.0893 as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting On Holding's valuation include:
Price Book
7.4832
Enterprise Value
14.3 B
Enterprise Value Ebitda
29.8022
Price Sales
5.6719
Forward PE
31.25
Undervalued
Today
49.42
Please note that On Holding's price fluctuation is very steady at this time. Calculation of the real value of On Holding is based on 3 months time horizon. Increasing On Holding's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since On Holding is currently traded on the exchange, buyers and sellers on that exchange determine the market value of ONON Stock. However, On Holding's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  49.42 Real  54.7 Target  61.9 Hype  49.19 Naive  52.15
The intrinsic value of On Holding's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence On Holding's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
54.70
Real Value
56.87
Upside
Estimating the potential upside or downside of On Holding helps investors to forecast how ONON stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of On Holding more accurately as focusing exclusively on On Holding's fundamentals will not take into account other important factors:
Earnings
Estimates
LowProjectedHigh
0.160.190.21
Details
Hype
Prediction
LowEstimatedHigh
47.0249.1951.36
Details
Naive
Forecast
LowNext ValueHigh
49.9852.1554.32
Details
30 Analysts
Consensus
LowTarget PriceHigh
56.3361.9068.71
Details
Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use On Holding's intrinsic value based on its ongoing forecasts of On Holding's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against On Holding's closest peers.

On Holding Cash

1.12 Billion

On Holding Total Value Analysis

On Holding is now estimated to have valuation of 14.28 B with market capitalization of 16.32 B, debt of 347.6 M, and cash on hands of 577.55 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the On Holding fundamentals before making equity appraisal based on enterprise value of the company
  Takeover PriceMarket CapDebt ObligationsCash
14.28 B
16.32 B
347.6 M
577.55 M

On Holding Investor Information

About 22.0% of the company outstanding shares are owned by corporate insiders. The company has Price/Earnings To Growth (PEG) ratio of 1.2. On Holding had not issued any dividends in recent years. On Holding is performing exceptionally good at this time. It has a great probability to report excellent financial results in March.

On Holding Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. On Holding has an asset utilization ratio of 97.54 percent. This suggests that the Company is making $0.98 for each dollar of assets. An increasing asset utilization means that On Holding is more efficient with each dollar of assets it utilizes for everyday operations.
 
Covid
 
Interest Hikes

On Holding Profitability Analysis

Considering the key profitability indicators obtained from On Holding's historical financial statements, On Holding's profitability may be sliding down. It has an above-average probability of reporting lower numbers next quarter. Profitability indicators assess On Holding's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
2020-03-31
Previous Quarter
-40.9 M
Current Value
118.9 M
Quarterly Volatility
59.9 M
 
Covid
 
Interest Hikes
At this time, On Holding's Gross Profit is very stable compared to the past year. As of the 22nd of February 2026, Operating Profit Margin is likely to grow to 0.09, while Pretax Profit Margin is likely to drop 0.11.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.460.55
Fairly Down
Pretty Stable
For On Holding profitability analysis, we use financial ratios and fundamental drivers that measure the ability of On Holding to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well On Holding utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between On Holding's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of On Holding over time as well as its relative position and ranking within its peers.

On Holding Earnings per Share Projection vs Actual

The next projected EPS of On Holding is estimated to be 0.18835 with future projections ranging from a low of 0.1625 to a high of 0.2075. On Holding's most recent 12-month trailing earnings per share (EPS TTM) is at 0.87. Please be aware that the consensus of earnings estimates for On Holding is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Covid
 
Interest Hikes
On Holding is projected to generate 0.18835 in earnings per share on the 31st of December 2025. On Holding earnings estimates show analyst consensus about projected On Holding EPS (Earning Per Share). It derives the highest and the lowest estimates based on On Holding's historical volatility. Many public companies, such as On Holding, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

On Holding Earnings Estimation Breakdown

The calculation of On Holding's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of On Holding is estimated to be 0.18835 with the future projection ranging from a low of 0.1625 to a high of 0.2075. Please be aware that this consensus of annual earnings estimates for On Holding is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
0.36
0.16
Lowest
Expected EPS
0.18835
0.21
Highest

On Holding Earnings Projection Consensus

Suppose the current estimates of On Holding's value are higher than the current market price of the On Holding stock. In this case, investors may conclude that On Holding is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and On Holding's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of December 2025Current EPS (TTM)
2748.73%
0.36
0.18835
0.87

On Holding Ownership Allocation

On Holding secures a total of 296.68 Million outstanding shares. Over half of On Holding's outstanding shares are owned by institutions. These institutions are typically referred to as corporate investors that secure positions in a given instrument to benefit from reduced trade commissions. On August 18, 2025, Senator Angus King of US Senate acquired under $15k worth of On Holding's common stock.

On Holding Profitability Analysis

The company reported the previous year's revenue of 2.32 B. Net Income was 242.3 M with profit before overhead, payroll, taxes, and interest of 1.8 B.

About On Holding Valuation

We use absolute and relative valuation methodologies to arrive at the intrinsic value of On Holding. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of On Holding based exclusively on its fundamental and basic technical indicators. By analyzing On Holding's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of On Holding's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of On Holding. We calculate exposure to On Holding's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of On Holding's related companies.
Last ReportedProjected for Next Year
Gross Profit1.6 B1.7 B
Pretax Profit Margin 0.12  0.11 
Operating Profit Margin 0.08  0.09 
Net Profit Margin 0.09  0.10 
Gross Profit Margin 0.55  0.46 

On Holding Growth Indicators

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines.
Common Stock Shares Outstanding338.9 M
Quarterly Earnings Growth Y O Y2.831
Forward Price Earnings31.25

On Holding Current Valuation Indicators

On Holding's valuation analysis is a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final On Holding's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as On Holding, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use On Holding's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes On Holding's worth.
When determining whether On Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of On Holding's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of On Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on On Holding Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in On Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in ONON Stock, please use our How to Invest in On Holding guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Will Textiles, Apparel & Luxury Goods sector continue expanding? Could ONON diversify its offerings? Factors like these will boost the valuation of On Holding. Anticipated expansion of ONON directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every On Holding data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
2.831
Earnings Share
0.87
Revenue Per Share
8.775
Quarterly Revenue Growth
0.249
Return On Assets
0.0893
Investors evaluate On Holding using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating On Holding's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. External factors like market trends, sector rotation, and investor psychology can cause On Holding's market price to deviate significantly from intrinsic value.
It's important to distinguish between On Holding's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding On Holding should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, On Holding's market price signifies the transaction level at which participants voluntarily complete trades.