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Friday 6 November 2026 Export ONON’s income statement to Excel — free account

On Holding AG

ONON Consumer Cyclical Footwear & Accessories

On Holding AG’s revenue for fiscal 2025 (year ended December 2025) was $3.6 billion, up 38.1% from fiscal 2024.

Revenue
+18.5%
EPS
+368.3%
Free cash flow
+151.5%
Total debt
+16.0%

Quarter to June 2026, against a year earlier

37.47 1.15 −2.98%
Market cap
$12.4B
P/E
47.9×
Fwd P/E
22.6×
Dividend yield
—
F-score
6/9
Altman Z
14.41
Beneish M
−2.37
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

On Holding AG (ONON) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, On Holding AG (ONON) trades at a P/B ratio of 9.9×. Over the past ten years it has ranged from 6.7× (March 2022) to 40.4× (September 2021); the current reading is higher than 11% of that period. That is above the Footwear & Accessories industry median of 2.8× and above the Consumer Cyclical sector median of 1.7×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 15.0× (31.78%)
FY2024 22.0× 61.25%
FY2023 13.6× 29.16%
FY2022 10.5× (16.62%)
FY2021 12.6× (65.16%)
FY2020 36.3× 0.00%
FY2019 36.3× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 9.3× (3.11%)
Mar 2026 9.6× (35.85%)
Dec 2025 15.0× 7.90%
Sep 2025 13.9× (29.03%)
18 more quarters

Against its own ten years

Low 6.7× High 40.4×
Ten-year median 15.3×
Current reading's percentile 11

P/B ratio against peers

Company P/B ratio
BIRK Birkenstock Holding PLC compare 2.1×
WEYS Weyco Group, Inc. compare 2.3×
SHOO Steven Madden, Ltd. compare 2.8×
WWW Wolverine World Wide, Inc. compare 3.8×
NKE NIKE, Inc. compare 3.9×
DECK Deckers Outdoor Corporation compare 5.1×
CROX Crocs, Inc. compare 5.4×
FOSL Fossil Group, Inc. compare 6.2×
ONON On Holding AG 9.9×
Footwear & Accessories industry median 2.8×
Consumer Cyclical sector median 1.7×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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