On Holding AG (ONON)

NYSE · Consumer Cyclical · Footwear & Accessories · Switzerland

On Holding AG is a large cap company (market value between $10 billion and $200 billion) in the Footwear & Accessories industry.

Intrinsic value, DCF valuation, financial health and value investing analysis for the On Holding AG stock.

Our verdict on ONON

Slightly undervalued: intrinsic value $36.85 per share, market price $33.78, margin of safety 8.3% (as of 2026-10-30).

Discounting its cash flows at 13.3% (average of 3 methods) values the shares at $36.85; the price of $33.78 is 8% below that value, and 65% of that value comes from beyond year five.

Leak Score: 62/100 on 10 of 12 signals (Faint Leak).

ETFs with the most weight in ONON

17 more funds hold it; the full list is part of the paid plan.

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Is ONON undervalued or overvalued?

ONON is slightly undervalued (as of the 2026-10-30 close). Discounting its cash flows at 13.3% (average of 3 methods) values the shares at $36.85; the price of $33.78 is 8% below that value, and 65% of that value comes from beyond year five.

What is the intrinsic value of ONON?

$36.85 per share (as of the 2026-10-30 close), against a market price of $33.78. That is a margin of safety of 8.3%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is On Holding AG's Leak Score?

62 out of 100, which we rate "Faint Leak", on 10 of 12 value investing signals.