On Holding AG
ONONConsumer CyclicalNASDAQFootwear & Accessories · Last scanned Sep 9, 2026
Scan Results
Daily timeframeOn Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States,. With a market capitalization of $9.11B, it sits in mid-cap territory. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers.
Market Cap
$9.11B
Beta
2.08
P/E (TTM)
18.81
P/E (Fwd)
13.14
EPS (TTM)
$1.45
EPS (Fwd)
$2.08
ROE
23.9%
ROA
9.6%
Cash
$1.24B
Total Debt
$562.5M
Free CF
$288.5M
52W Change
-34.7%
Annual Financials
Cash vs Debt
Where ONON stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, ONON finished 25.99% below its 150-day moving average ($37.56) and 30.03% below its 200-day moving average ($39.73). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is ONON overbought or oversold?
At the September 3, 2026 close, ONON's RSI(14) was 21.7, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
With $1.24B in cash and $562.5M in debt, ONON maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Annual free cash flow of $288.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 23.9%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 9.6% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $724.6M (2021) to $3.01B (2025), reflecting a 316% increase over the period.
On Holding AG's elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for On Holding AG and its sector.