On Holding AG (ONON) Stock Score, Valuation & Financial Research

On Holding AG is in the Consumer Cyclical sector and Apparel - Footwear & Accessories industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. The current Wall Street Score is 38/100.

Quick answer for ONON

On Holding AG currently has a Wall Street Score of 38/100. The stored market price is $27.5. Its financial score is 28/100. Its valuation score is 10/100. The latest WSS change is +0.5 points. These figures are a research snapshot, not a buy or sell recommendation.

What On Holding AG does

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

ONON financial snapshot

Wall Street Score:
38/100
Current price:
$27.5
Market capitalization:
$9.16B
Revenue:
$3.84B
Net income:
$308.8M
Free cash flow:
$310.1M
Cash:
$1.25B
Total debt:
$732.5M
EPS:
0.72
P/E ratio:
38.1x
Financial score:
28/100
Valuation score:
10/100
Revenue score:
38/100

What stands out

  • Reported year-over-year revenue growth is +0.1%.
  • Free cash flow is $310.1M, showing positive cash generation.
  • The balance sheet shows $1.25B of cash versus $732.5M of total debt, leaving more cash than debt.
  • The latest Wall Street Score change is +0.5 points: ONON increased 0.5 points because Valuation improved by 3.8 points.

What the numbers mean

Its current valuation score is 10/100, which Wall Street Score classifies as weak within the model's valuation framework.

The financial score is 28/100. This is a starting point for reviewing liquidity, leverage and cash-flow strength rather than a stand-alone recommendation.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-07-24.

How to research ONON

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

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Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.