Nama's AI scorecard currently rates On Holding Buy (7.3 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.

What is ONON's P/E ratio?

On Holding trades at a trailing price-to-earnings ratio of 26.7.

When does ONON report earnings?

On Holding's next scheduled report is on Nov 10, 2026. Analysts expect EPS of $0.40.

What is the ONON price target?

The median analyst price target from 31 analysts is $42.85, with a range of $20.08 – $73.06.

Is ONON Shariah compliant?

Nama's AAOIFI-style screen reads On Holding as Shariah Compliant. Passes our debt, cash and income screen; not a scholar's ruling.

Nama Insights

On Holding (ONON)

Consumer Cyclical · Footwear Accessories · NYSE

On Holding (ONON) is a Consumer Cyclical company in the Footwear Accessories industry. It has a market capitalization of $12.49B, a trailing price-to-earnings ratio of 26.7 and a free-cash-flow yield of 2.8%. Over the most recent reported fiscal year, revenue grew 30.0% and free cash flow per share fell 38.2%. Nama's AI scorecard rates it Buy, 7.3 out of 10. On 12-month momentum it ranks in the lagging band of its market.

AI scorecard

Buy · 7.3/10

Clearly positive, short of the top band. As of Nov 7, 2026.

Momentum

Lagging · -6.5% over 12 months ex. last

Second-worst fifth of its market on the past year's move.

Shariah screen

Shariah Compliant

Passes our debt, cash and income screen; not a scholar's ruling.

Off its high

-41.7%

How far the last close sits under the highest price of the past five years.

Market cap	$12.49B
Trailing P/E	26.7
Price / book	5.4
Price / sales	3.2
FCF yield	2.8%
Dividend yield	—
Gross margin	64.8%
Operating margin	13.8%
Net margin	12.3%
Revenue growth (YoY)	+30.0%
Revenue growth (3-yr annual)	+35.1%
EPS growth (YoY)	-16.7%
FCF/share growth (YoY)	-38.2%
Beta	2.1
Exchange	NYSE
Sector	Consumer Cyclical
Industry	Footwear Accessories

ONON earnings

Next report: Nov 10, 2026 (Q3 2026, EPS estimate $0.40). Beat the EPS estimate in 4 of 4 recent quarters.

Quarter	Reported	EPS	Estimate	Surprise	Revenue
Q2 2026	Aug 11, 2026	$0.35	$0.34	+2.9%	$1.04B
Q1 2026	May 12, 2026	$0.37	$0.27	+37.0%	$1.02B
Q4 2025	Mar 3, 2026	$0.25	$0.21	+19.1%	$908.15M
Q3 2025	Nov 12, 2025	$0.43	$0.27	+59.3%	$969.93M

ONON analyst price target

Median target $42.85 from 31 analysts, ranging $20.08 – $73.06.

Footwear Accessories peers

Ticker	Company	Market cap	P/E
NKE	NIKE	$57.32B	18.6
DECK	Deckers Outdoor	$11.57B	11.5
CROX	Crocs	$6.94B	11.2
BIRK	Birkenstock	$6.16B	18.5
SHOO	Steven Madden	$2.89B	18.3
WWW	Wolverine World Wide	$1.75B	14.6

Explore live ONON data on Nama Insights →

ONON FAQ

Is ONON a buy?: Nama's AI scorecard currently rates On Holding Buy (7.3 out of 10), a call computed from its profitability, cash generation, growth, valuation and balance sheet. It is a research reading, not investment advice.
What is ONON's P/E ratio?: On Holding trades at a trailing price-to-earnings ratio of 26.7.
When does ONON report earnings?: On Holding's next scheduled report is on Nov 10, 2026. Analysts expect EPS of $0.40.
What is the ONON price target?: The median analyst price target from 31 analysts is $42.85, with a range of $20.08 – $73.06.
Is ONON Shariah compliant?: Nama's AAOIFI-style screen reads On Holding as Shariah Compliant. Passes our debt, cash and income screen; not a scholar's ruling.