Stock·NYSE·Consumer Cyclical
On Holding AG Class A (ONON)
- Market cap
- $11.44B
- P/E
- 23.83
- Dividend yield
- 0.00%
- Street target
- $42.59median of 31 analysts
- 52-week range
- $26.37 $51.08
The short version
Where ONON stands today, and what CleaRank Financial AI makes of it.
ONON at a glance
On Holding AG Class A (ONON): Buy, 64/100 on CleaRank's AI score.
- Trend Mixed: the price is above its 50-day but below its 200-day moving average ($30.49 and $37.15).
- Earnings ONON beat estimates in 3 of its last 6 quarters, and the stock rose the next day every time.
- Insiders Insiders sold $830K and bought $10.6M over the last 18 months.
- Valuation P/E of 23.8 against 20.8 for the Consumer Cyclical sector: broadly in line with peers (+15%).
Figures as of October 22, 2026.
CleaRank Financial AI
CleaRank rates On Holding AG Class A (ONON) Buy, with a model score of 64/100.
The analysts' outlook lifts the score most: 25 of 31 analysts rate it a buy and the median target is 24.5% above the price. The trend holds it back most: the price is 7.90% below its 200-day average, and the 50-day average is 17.93% below the 200-day. The 50-day average stands at $30.49 and the 200-day at $37.15. Over the past year the price fell 20.25%.
Only on CleaRank
Figures we compute ourselves from ONON's own price, earnings and insider-filing history. Tap one to see it in context.
Price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
1/4Price above its 50-day average ›
The price of $34.22 is 12.2% above the 50-day simple moving average of $30.49.Price above its 200-day average ›
The price is 7.9% below the 200-day simple moving average of $37.15.50-day average above the 200-day ›
The 50-day average ($30.49) is 17.9% below the 200-day average ($37.15), the arrangement of a falling longer-term trend.In the upper half of its 52-week range ›
The price sits at 32% of its 52-week range, between $26.37 and $51.08.
ONON share price
Pick a period: each tab shows how far ONON has moved over it, to the last close.
Today's trading
Where ONON sits inside today's range and its 52-week range.
Fundamentals
Valuation against the sector, and the revenue and earnings behind it.
Valuation and quality checks
1/4P/E below the sector median ›
The trailing P/E of 23.83 is 14.6% above the Consumer Cyclical median of 20.8.P/S below the sector median ›
The price-to-sales ratio of 2.93 is 54.4% above the sector median of 1.9.Profitable over the last 12 months ›
Net income over the last 12 months was $479.6M on revenue of $3.9B, a net margin of 12.3%.Beat estimates in most recent reports ›
ONON beat the EPS estimate in 3 of its last 6 reports.
Key statistics
The headline figures for ONON.
As of October 22, 2026, ONON trades at $34.22, with a market value of $11.44B and a P/E ratio of 23.83.
What the numbers say
CleaRank Financial AI's reading of ONON's valuation, growth and risks.
ONON's trailing P/E of 23.83 is 14.6% above the Consumer Cyclical median of 20.8, and the peer comparison on this page rates the P/E as broadly in line with peers. Its price-to-sales ratio of 2.93 is 54.2% above the sector median of 1.9. To put the size in context, the market capitalisation is $11.4B and trailing earnings are $1.50 per share.
ONON is growing faster than its sector. Revenue rose 13.50% in the latest quarter year on year, while the sector median was 7.2%. The company keeps a net margin of 12.30% and an operating margin of 14.02%, and its return on equity of 23.95% is above the sector median of 12.4%. Its debt-to-equity ratio of 0.29 rounds out the picture.
ONON reported earnings on August 11, 2026 and beat the estimate by 2.94%, with EPS of $0.35 against the $0.34 analysts had expected. The share price followed the beat, rising 0.32% in the next session.
Over its last 6 reports, ONON topped the estimate 3 times, and every one of those beats was followed by a gain the next day. Looking ahead, analysts expect EPS of $1.43 this fiscal year (growth of 78.9%) and $1.71 the year after (growth of 19.4%).
ONON's price typically moves 2.13% in a day, based on the 30-day standard deviation of its daily returns, and its beta against the S&P 500 is 2.08. The stock is 33.01% below its 52-week high of $51.08.
ONON against the Consumer Cyclical sector
How ONON compares with the median Consumer Cyclical stock CleaRank tracks.
Price to earnings vs sector: Valuation is broadly in line with sector peers (15% difference), suggesting fair market pricing relative to industry standards.
Return vs SPY: Since May 9, 2025, ONON has lost 30.8% against a gain of 37.2% for SPY.
Performance against SPY
ONON and the Consumer Cyclical sector fund over the same days.
Revenue and earnings
How much ONON sells, and how much of it becomes profit.
Revenue growth: Revenue grew 30.0% in FY2025 to CHF 3.0B, from CHF 2.3B a year earlier.
Profit margin: The net margin was 6.8% in FY2025, down from 10.4% the year before.
Profitable: ONON earned CHF 204M in FY2025.
Earnings reality check
Did ONON beat what analysts expected, and how did the stock react?
Earnings record: ONON beat the analyst estimate in 3 of the last 6 quarters.
Market reaction: The stock rose in the first session after every beat.
| Report | Estimate | Actual | Surprise | First session | 5 sessions |
|---|---|---|---|---|---|
| Aug 11, 2026after close | $0.34 | $0.35 | +2.94% | +0.32% | +0.39% |
| May 12, 2026after close | $0.27 | $0.37 | +37.04% | +4.61% | +10.38% |
| Nov 12, 2025after close | $0.27 | $0.43 | +59.26% | +2.14% | +4.31% |
| Aug 12, 2025after close | $0.21 | -$0.09 | -142.86% | -3.25% | -9.60% |
| May 13, 2025after close | $0.22 | $0.21 | -4.55% | +0.37% | +3.99% |
| Nov 12, 2024after close | $0.20 | $0.16 | -20.00% | +0.17% | +1.48% |
As of October 22, 2026, ONON has beaten the analyst EPS estimate in 3 of its last 6 reported quarters and rose in the first trading session after every one of those beats; its latest report, on August 11, 2026, came in 2.94% above the estimate and the stock moved +0.32% in the first session.
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
AI analysis and technicals
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
3/3RSI not overbought or oversold ›
The 14-day RSI is 60.8, showing bullish momentum without being overbought.RSI above 50 ›
An RSI of 60.8 is above the 50 midpoint, so buyers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is positive, so the 12-day average is above the 26-day average.
CleaRank AI analysis of ONON
The score, the reasoning behind it, and what could move the price next.
ONON is giving a mixed trend reading. At $34.22, the stock sits 12.22% above its 50-day average of $30.49, yet it is 7.90% under its 200-day average of $37.15. Over the past year, the price is 29.79% above the 52-week low of $26.37 and 33.01% below the 52-week high of $51.08.
Recent gains sit against a weaker longer record: the price rose 25.26% over the past month, fell 6.63% over the past three months and fell 20.25% over the past year. The 14-day RSI of 60.8 is in the bullish zone, below the overbought line, and the MACD line is positive.
Earnings beat ›
The August 11, 2026 report beat the EPS estimate by 2.94%, and the share price rose 0.32% in the first session after it.
Source: Earnings report, August 11, 2026
Rating reaffirmed ›
Raymond James kept its Outperform rating on October 16, 2026.
Source: Analyst action, Raymond James, October 16, 2026
- The two closest levels matter most: the 200-day SMA at $37.15 sits above the price, and the 20-day EMA at $33.28 sits below it.
- The 14-day RSI is 60.8, inside the bullish zone, and the MACD line is positive. Readings above 70 or below 30 would signal stretched momentum.
- The share price rose 0.32% in the first session after the August 11, 2026 report. ONON has beaten estimates in 3 of the last 6 reports.
The trend is mixed: ONON is above its 50-day average at $30.49 but below its 200-day average at $37.15. A close above the 200-day would turn both signals up, and a close below the 50-day would turn both down. The nearest levels are the 20-day EMA at $33.28 below and the 200-day SMA at $37.15 above.
With the RSI in the bullish zone, momentum still supports the move.
Technical indicators
Momentum and trend for ONON, from its daily closes.
As of October 22, 2026, with ONON at $34.22, its 14-day RSI is 60.8 (showing bullish momentum without being overbought), its 50-day simple moving average is $30.49 and its 200-day is $37.15.
Calculated by CleaRank on daily closes as of October 22, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
What ONON moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 22, 2026, ONON's 1-year correlation of daily returns is +0.44 with S&P 500 (SPY), +0.40 with Nasdaq 100 (QQQ), +0.13 with Bitcoin (BTC) and +0.07 with gold (XAU).
What Wall Street expects
The analysts' target range and how their ratings split.
Analysts checks
2/3Most analysts rate it a buy ›
25 of 31 analysts rate it a buy or strong buy, 5 a hold and 1 a sell.Median target above the price ›
The median 12-month target of $42.59 is 24.5% above the price.More buy ratings than three months ago ›
25 of 31 rate it a buy now, against 24 of 28 three months ago.
ONON Wall Street View
12-month price targets
Ratings
Recent rating actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Oct 16, 2026 | Raymond James | Maintains | Outperform |
| Oct 1, 2026 | JP Morgan | Maintains | Overweight |
| Sep 24, 2026 | BMO Capital | Maintains | Market Perform |
| Sep 24, 2026 | Barclays | Maintains | Overweight |
| Sep 23, 2026 | Needham | Maintains | Buy |
| Sep 18, 2026 | Needham | Reiterates | Buy |
As of October 22, 2026, 31 Wall Street analysts cover ONON: 25 rate it a buy or strong buy, 5 a hold and 1 a sell or strong sell. Their 12-month price targets range from $20.12 to $72.09, with a median of $42.59, 24.5% above the price of $34.22.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
A trade plan, if you want one
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
ONON trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Long entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
These levels come from ONON's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much ONON tends to move, against the market and on its own.
The long record
ONON's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
1/4Average daily move under 2% ›
The price has moved 2.13% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 68.3%, from November 2021 to October 2022, regained by September 2024.Most 1-year holds ended higher ›
58% of 1-year holding periods in the last 5 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in September 2021 is now worth $9,777.14, against $18,510 in the S&P 500 (SPY).
ONON Drawdowns & Recovery
As of October 22, 2026, ONON's worst peak-to-trough fall over the last 5 years with dividends reinvested was -68.3% (November 2021 to October 2022); it regained that peak by September 2024, 23 months after the low, and 58% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into ONON in September 2021 is worth now, against the same amount in the S&P 500.
Against the market: ONON trailed the S&P 500 over this period: $9,777.14 against $18,510.
A $10,000 investment in ONON in September 2021 would be worth about $9,777 today with dividends reinvested, compared with about $18,510 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to ONON, and which have not.
Strongest month, November: an average of +16.86%, up in 5 of 5 years.
Weakest month, August: an average of -7.22%, up in 2 of 5 years.
This month, October: has averaged +0.04%, up in 2 of 5 years. Past seasonality does not repeat on schedule.
Over the last 5 years, ONON's strongest calendar month has been November (average +16.86%, up in 5 of 5 years) and its weakest August (average -7.22%, up in 2 of 5 years).
Average return for each calendar month over the last 5 years, from weekly closing prices with dividends included.
Long-term scenarios
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in ONON, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in ONON today could grow to about $13,280 by 2036 in the base case, with a 90th-percentile outcome near $100,751 and a 10th-percentile outcome around $1,750. Projections are statistical simulations, not guarantees.
ONON Stock Price Prediction: 2030
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $38.33 for ONON by 2030 in the base case, from $34.22 today (1.1x over 4 years). The 10th-percentile path ends near $10.64. These are outcomes of a Monte Carlo simulation run on ONON's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $18.55 | $35.20 | $66.82 | |
| 2028 | $14.63 | $36.22 | $89.64 | |
| 2029 | $12.28 | $37.26 | $113 | |
| 2030 | $10.64 | $38.33 | $138 | |
| 2031 | $9.41 | $39.43 | $165 |
Method: a lognormal simulation of ONON's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
Insider trading
What the people running the company have bought and sold.
ONON insider trading
Shares the company's directors and officers bought and sold, from their own filings.
Month by month
Open-market purchases above the line, sales below.
Net insider buying: Insiders bought $10.6M on the open market and sold $830K.
As of October 22, 2026, ONON insiders reported 8 open-market sales worth $830K and 5 open-market purchases worth $10.6M over the last 18 months; grants and option exercises are not counted.
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Sep 21, 2026 | Amy L Banse
Director
|
Grant | 2.4K | - |
| Sep 21, 2026 | Dennis M Durkin
Director
|
Grant | 2.9K | - |
| Sep 21, 2026 | Helena Helmersson
Director
|
Grant | 2.4K | - |
| Sep 21, 2026 | Laura Karen Miele
Director
|
Grant | 2.4K | - |
| Sep 21, 2026 | Alexandre Mba Perez
Director
|
Grant | 2.9K | - |
| Sep 8, 2026 | Scott Andrew Maguire
Chief Operating Officer
|
Sell | 1.5K | $40.9K |
| Sep 8, 2026 | Frank Sluis
Chief Financial Officer
|
Sell | 687 | $19.1K |
| Sep 4, 2026 | Scott Andrew Maguire
Chief Operating Officer
|
Grant | 3.8K | - |
| Sep 4, 2026 | Frank Sluis
Chief Financial Officer
|
Grant | 1.7K | - |
| Aug 14, 2026 | Olivier Bernhard
Officer and Director
|
Buy | 65.0K | $2.0M |
| Aug 14, 2026 | Caspar Felix Coppetti
Chief Executive Officer
|
Buy | 65.0K | $2.0M |
| Jun 22, 2026 | Amy L Banse
Director
|
Grant | 1.7K | - |
| Jun 22, 2026 | Dennis M Durkin
Director
|
Grant | 2.1K | - |
| Jun 22, 2026 | Helena Helmersson
Director
|
Grant | 1.7K | - |
| Jun 22, 2026 | Laura Karen Miele
Director
|
Grant | 1.7K | - |
| Jun 8, 2026 | Scott Andrew Maguire
Chief Operating Officer
|
Sell | 1.5K | $55.4K |
| Jun 5, 2026 | Scott Andrew Maguire
Chief Operating Officer
|
Grant | 3.8K | - |
| May 14, 2026 | David Michael Allemann
Chief Executive Officer
|
Buy | 60.0K | $2.2M |
| May 14, 2026 | Olivier Bernhard
Officer and Director
|
Buy | 60.0K | $2.2M |
| May 14, 2026 | Caspar Felix Coppetti
Chief Executive Officer
|
Buy | 60.0K | $2.2M |
| Apr 27, 2026 | Martin Hoffmann
Chief Executive Officer
|
Sell | 4.2K | $148.8K |
| Apr 20, 2026 | Martin Hoffmann
Chief Executive Officer
|
Sell | 4.2K | $151.7K |
| Apr 13, 2026 | Martin Hoffmann
Chief Executive Officer
|
Sell | 4.2K | $140.9K |
| Apr 6, 2026 | Martin Hoffmann
Chief Executive Officer
|
Sell | 4.2K | $139.4K |
| Mar 30, 2026 | Martin Hoffmann
Chief Executive Officer
|
Sell | 4.2K | $134.1K |
| Mar 27, 2026 | Martin Hoffmann
Chief Executive Officer
|
Option | 23.8K | $779.3K |
| Mar 24, 2026 | Amy L Banse
Director
|
Grant | 1.7K | - |
| Mar 24, 2026 | Dennis M Durkin
Director
|
Grant | 2.0K | - |
| Mar 24, 2026 | Helena Helmersson
Director
|
Grant | 1.7K | - |
| Mar 24, 2026 | Laura Karen Miele
Director
|
Grant | 1.7K | - |
| Mar 24, 2026 | Alexandre Mba Perez
Director
|
Grant | 2.0K | - |
Source: TwelveData, from reported insider filings
Questions people ask
Answered from the figures on this page, as of October 22, 2026.