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%

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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

On Holding AG (ONON) P/S ratio

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As of 5 November 2026, On Holding AG (ONON) trades at a P/S ratio of 5.9×. Over the past ten years it has ranged from 0.0× (September 2021) to 29.5× (November 2021); the current reading is higher than 11% of that period. That is above the Footwear & Accessories industry median of 1.0× and above the Consumer Cyclical sector median of 0.7×.

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

Period	P/S ratio	Change
FY2025	8.1×	(38.45%)
FY2024	13.2×	46.73%
FY2023	9.0×	7.41%
FY2022	8.4×	(7.03%)
FY2021	9.0×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	P/S ratio	Change
Jun 2026	5.5×	(0.65%)
Mar 2026	5.6×	(31.18%)
Dec 2025	8.1×	3.15%
Sep 2025	7.9×	(25.42%)
18 more quarters	Free account

Against its own ten years

Low 0.0× High 29.5×

Ten-year median 10.0×

Current reading's percentile 10

Company	P/S ratio
FOSL Fossil Group, Inc. compare	0.5×
WWW Wolverine World Wide, Inc. compare	0.9×
SHOO Steven Madden, Ltd. compare	1.0×
NKE NIKE, Inc. compare	1.3×
CROX Crocs, Inc. compare	1.8×
WEYS Weyco Group, Inc. compare	2.1×
DECK Deckers Outdoor Corporation compare	2.1×
BIRK Birkenstock Holding PLC compare	2.5×
ONON On Holding AG	5.9×
Footwear & Accessories industry median	1.0×
Consumer Cyclical sector median	0.7×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

On Holding AG (ONON) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on ONON

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on ONON

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