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On Holding AG (ONON)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN

CH1134540470

IPO Date

Sep 15, 2021

Highlights

Market Cap

$19.50B

EPS (TTM)

$0.77

PE Ratio

77.64

Total Revenue (TTM)

$2.54B

Gross Profit (TTM)

$1.54B

EBITDA (TTM)

$353.70M

Year Range

$34.59 - $64.05

Target Price

$65.48

Short %

6.30%

Short Ratio

2.99

Share Price Chart


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Compare to other instruments

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Performance

Performance Chart


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S&P 500

Returns By Period

On Holding AG (ONON) returned 7.43% year-to-date (YTD) and 37.96% over the past 12 months.


ONON

YTD

7.43%

1M

22.84%

6M

1.62%

1Y

37.96%

3Y*

40.98%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of ONON, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20259.33%-19.04%-9.41%9.54%22.30%7.43%
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%
202335.20%-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%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 79, ONON is among the top 21% of stocks on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of ONON is 7979
Overall Rank
The Sharpe Ratio Rank of ONON is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of ONON is 7878
Sortino Ratio Rank
The Omega Ratio Rank of ONON is 7575
Omega Ratio Rank
The Calmar Ratio Rank of ONON is 8585
Calmar Ratio Rank
The Martin Ratio Rank of ONON is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for On Holding AG (ONON) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

On Holding AG Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.79
  • All Time: 0.25

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of On Holding AG compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


On Holding AG doesn't pay dividends

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 7.51%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-68.9%Nov 18, 2021224Oct 10, 2022493Sep 26, 2024717
-40.82%Jan 31, 202544Apr 3, 2025
-25.31%Sep 20, 202111Oct 4, 202124Nov 5, 202135
-10.53%Oct 9, 202419Nov 4, 20245Nov 11, 202424
-8.46%Dec 4, 202427Jan 14, 20254Jan 21, 202531
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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.


Annual
Quarterly

0.0

Earnings Per Share

The chart presents the Earnings Per Share (EPS) performance of On Holding AG, comparing actual results with analytics estimates. In the past quarter, the company did not meet analyst expectations for EPS, resulting in a surprise of -5.2%.


-0.60-0.40-0.200.000.200.4020212022202320242025
0.21
0.22
Actual
Estimate

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 77.6. 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.

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 7.7. 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 11.0. 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

Values in undefined except per share items