- ISIN
- CH1134540470
- Sector
- Consumer Cyclical
- Industry
- Apparel Retail
- IPO Date
- Sep 15, 2021
Highlights
- Market Cap
- $12.59B
- Enterprise Value
- $12.31B
- EPS (TTM)
- $0.75
- PE Ratio
- 49.94
- PEG Ratio
- 0.73
- Total Revenue (TTM)
- $3.13B
- Gross Profit (TTM)
- $2.00B
- EBITDA (TTM)
- $422.52M
- Year Range
- $31.41 - $58.08
- Target Price
- $55.15
- ROA (TTM)
- 8.53%
- ROE (TTM)
- 14.28%
Share Price Chart
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Performance
ONON Performance Chart
On Holding AG (ONON) is down 19.3% since the beginning of the year. At $38 per share, ONON is trading 35.4% below its 52-week high of $58.
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Returns By Period
On Holding AG (ONON) has returned -19.28% so far this year and -35.90% over the past 12 months.
On Holding AG
- 1D
- -2.09%
- 1M
- 9.42%
- YTD
- -19.28%
- 6M
- -20.29%
- 1Y
- -35.90%
- 3Y*
- 10.29%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
ONON Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2021, ONON's average daily return is +0.07%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 47% of months were positive and 53% were negative. The best month was Mar 2023 with a return of +41.9%, while the worst month was Jan 2022 at -30.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ONON closed higher 48% of trading days. The best single day was Mar 21, 2023 with a return of +26.4%, while the worst single day was May 11, 2022 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.65% | 2.72% | -26.81% | 4.67% | 14.63% | -8.08% | -19.28% | ||||||
| 2025 | 9.33% | -19.04% | -9.41% | 9.54% | 23.45% | -12.36% | -6.69% | -7.19% | -6.06% | -12.28% | 18.41% | 5.66% | -15.14% |
| 2024 | -1.52% | 31.85% | 1.03% | -10.26% | 33.98% | -8.79% | 6.75% | 13.42% | 6.75% | -5.44% | 23.01% | -6.10% | 103.08% |
| 2023 | 35.20% | -5.73% | 41.88% | 4.58% | -15.41% | 20.22% | 9.09% | -19.92% | -3.50% | -7.73% | 13.01% | -7.03% | 57.17% |
| 2022 | -30.26% | -7.66% | 3.66% | -1.07% | -17.30% | -14.33% | 23.06% | -8.18% | -19.71% | 9.60% | 10.40% | -11.64% | -54.62% |
| 2021 | -13.91% | 13.38% | 17.56% | -5.85% | 8.03% |
Benchmark Metrics
On Holding AG has an annualized alpha of -4.03%, beta of 1.73, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since September 16, 2021.
- This stock captured 192.41% of S&P 500 Index gains and 188.57% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.27 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -4.03%
- Beta
- 1.73
- R²
- 0.27
- Upside Capture
- 192.41%
- Downside Capture
- 188.57%
Return for Risk
Risk / Return Rank
ONON ranks 10 for risk / return — in the bottom 10% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for On Holding AG (ONON) and compare them to S&P 500 Index.
| ONON | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.04 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.41 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.93 | -3.73 |
| Martin ratioReturn relative to average drawdown | -1.37 | 13.52 | -14.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the On Holding AG. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the On Holding AG was 68.90%, occurring on Oct 10, 2022. Recovery took 493 trading sessions.
The current On Holding AG drawdown is 41.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -68.90%Oct 2022 | 10mo 26d | 1y 11mo | 2y 10moNov 2021 - Sep 2024 |
2026 bear market2026 | -49.89%Mar 2026 | 1y 1mo | — | 1y 4moJan 2025 - now |
2021 bear market2021 | -25.31%Oct 2021 | 14d | 1mo 2d | 1mo 16dSep 2021 - Nov 2021 |
2024 correction2024 | -10.53%Nov 2024 | 26d | 7d | 1mo 3dOct 2024 - Nov 2024 |
2025 pullback2025 | -8.46%Jan 2025 | 1mo 11d | 7d | 1mo 18dDec 2024 - Jan 2025 |
Drawdown Indicators
| ONON | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.90% | -56.78% | -12.12% |
Max Drawdown (1Y)Largest decline over 1 year | -45.06% | -9.10% | -35.96% |
Max Drawdown (3Y)Largest decline over 3 years | -49.89% | -18.90% | -30.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -41.02% | -0.74% | -40.28% |
Average DrawdownAverage peak-to-trough decline | -36.01% | -10.72% | -25.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.81% | 1.97% | +24.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of On Holding AG over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how On Holding AG is priced in the market compared to other companies in the Apparel Retail industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PE Ratio
The chart displays the Price-to-Earnings (P/E) ratio for ONON, comparing it with other companies in the Apparel Retail industry. Currently, ONON has a P/E ratio of 49.9. This P/E ratio is significantly higher than those of industry peers. This could indicate that the stock is overvalued or that investors expect strong future growth.
PEG Ratio
The chart shows the Price/Earnings to Growth (PEG) ratio for ONON compared to other companies in the Apparel Retail industry. ONON currently has a PEG ratio of 0.7. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for ONON relative to other companies in the Apparel Retail industry. Currently, ONON has a P/S ratio of 4.0. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for ONON in comparison with other companies in the Apparel Retail industry. Currently, ONON has a P/B value of 7.1. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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