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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. In the quarter to June 2026, revenue grew 18.5%, EPS grew 368.3%, free cash flow grew 151.5% and total debt rose 16.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

35.09 1.05 +3.08%

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Market cap: $11.2B
P/E: 44.9×
Fwd P/E: 24.5×
Dividend yield: —
F-score: 6/9
Altman Z: 14.41
Beneish M: −2.37
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

On Holding AG (ONON) P/E ratio

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As of 9 October 2026, On Holding AG (ONON) trades at a P/E ratio of 44.9×. Over the past ten years it has ranged from 0.0× (December 2022) to 504× (August 2023); the current reading is higher than 29% of that period. That is above the Footwear & Accessories industry median of 15.4× and above the Consumer Cyclical sector median of 17.2×.

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<iframe src="https://stockrow.com/embed/ONON/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="On Holding AG P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ONON/metrics/pe-ratio">On Holding AG (ONON) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	120×	(4.81%)
FY2024	126×	(32.12%)
FY2023	186×	4.84%
FY2022	177×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	P/E ratio	Change
Jun 2026	45.3×	(34.10%)
Mar 2026	68.8×	(42.74%)
Dec 2025	120×	17.92%
Sep 2025	102×	(53.79%)
18 more quarters	Free account

Against its own ten years

Low 0.0× High 504×

Ten-year median 116×

Current reading's percentile 5

Company	P/E ratio
FWDI Forward Industries, Inc. compare	n/m
CROX Crocs, Inc. compare	9.8×
DECK Deckers Outdoor Corporation compare	11.7×
WEYS Weyco Group, Inc. compare	14.1×
WWW Wolverine World Wide, Inc. compare	15.0×
BIRK Birkenstock Holding PLC compare	15.8×
NKE NIKE, Inc. compare	16.6×
SHOO Steven Madden, Ltd. compare	21.9×
ONON On Holding AG	44.9×
Footwear & Accessories industry median	15.4×
Consumer Cyclical sector median	17.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

On Holding AG (ONON) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on ONON

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on ONON

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