On Holding AG Ratios | P/E, ROE & Valuation

On the Key Ratios page for On Holding AG (ONON), the latest P/E of 18.8 frames valuation, while ROE 23.23% and ROIC 16.29% indicates profitability and capital efficiency. Together with the current ratio of 2.83 and debt-to-equity 0.29, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ONON Historical Per Share Metrics

7 years
Metric (FY)TTM202420232022202120202019
Revenue per Share$9.68$6.84$5.54$3.86$2.33$1.39$0.87
Net Income per Share$1.19$0.71$0.25$0.18$-0.55$-0.09$-0.00
Operating Cash Flow per Share$1.54$1.51$0.72$-0.72$0.05$-0.05$-0.02
Free Cash Flow per Share$1.27$1.31$0.57$-0.98$-0.06$-0.11$-0.05
Cash per Share$3.71$2.86$1.59$1.25$2.17$0.33$0.06
Book Value per Share$5.72$4.11$3.32$3.06$2.72$0.80$0.21
Tangible Book Value per Share$5.56$3.93$3.12$2.84$2.54$0.62$0.19
Interest Debt per Share$1.78$1.10$0.74$0.53$0.59$0.08$0.07
CAPEX per Share$0.27$0.19$0.15$0.26$0.12$0.06$0.03

ONON Historical Valuation Ratios

7 years
Metric (FY)TTM202420232022202120202019
Price to Earnings (P/E)18.8469.5491.3787.05-63.07-344.58-7025.59
Price to Book (P/B)3.9512.116.775.1812.6538.66160.66
Price to Sales (P/S)2.337.274.064.1114.8122.2838.74
Enterprise Value to EBITDA12.1940.6833.9737.42-81.57-784.11203.18
EV to Sales2.137.023.913.9414.1622.1238.77
EV to Operating Cash Flow13.4231.8730.19-21.2607.22-640.08-1984.85
EV to Free Cash Flow16.2536.5237.9-15.52-531.71-282.56-717.49
Enterprise Value$6.89B$16.27B$7.01B$4.81B$10.26B$9.41B$10.36B

ONON Historical Profitability Ratios

7 years
Metric (FY)TTM202420232022202120202019
Return on Equity (ROE)23.23%17.41%7.41%5.95%-20.06%-11.22%-2.29%
Return on Invested Capital (ROIC)16.29%10.32%15.65%5.43%-14.40%-6.41%-2.80%
Return on Tangible Assets12.49%10.45%5.21%4.40%-14.44%-8.39%-1.07%
Earnings Yield5.27%1.44%1.09%1.15%-1.59%-0.29%-0.01%
Free Cash Flow Yield5.63%2.64%2.54%-6.17%-0.18%-0.35%-0.14%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%

ONON Historical Liquidity & Financial Strength

7 years
Metric (FY)TTM202420232022202120202019
Current Ratio2.832.663.774.334.713.271.84
Interest Coverage13.88.8916.7513.74-39.86-20.069.04
Income Quality1.292.112.92-3.93-0.10.533.54
Debt to Equity0.290.250.210.170.210.10.31
Debt to Assets17.35%14.63%14.38%11.60%14.62%6.20%14.06%
Net Debt to EBITDA-1.14-1.44-1.29-1.643.755.580.96

ONON Historical Efficiency Ratios

7 years
Metric (FY)TTM202420232022202120202019
Receivables Turnover8.659.428.7577.38.246.45
Payables Turnover5.395.4811.134.846.414.677.55
Inventory Turnover2.412.182.031.362.191.892.78
Days Sales Outstanding42.2238.7541.7152.1550.0244.3156.6
Days Payables Outstanding67.7166.5932.7875.4256.9378.0848.31
Days of Inventory on Hand151.76167.66179.53268.79166.44193.36131.1

ONON Historical Market Metrics

7 years
Metric (FY)TTM202420232022202120202019
Enterprise Value to EBITDA12.1940.6833.9737.42-81.57-784.11203.18
Market Cap$7.53B$16.85B$7.27B$5.02B$10.73B$9.48B$10.35B
Enterprise Value$6.89B$16.27B$7.01B$4.81B$10.26B$9.41B$10.36B
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

How does On Holding AG’s P/E ratio compare with its history?

On this page, ONON's current P/E is 18.8, compared with a multi-year average around 66.7. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is On Holding AG market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $7.53B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does On Holding AG’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with On Holding AG's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does On Holding AG compare to its competitors in key financial ratios?

The fastest way to compare On Holding AG with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see On Holding AG outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do On Holding AG's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that On Holding AG is financially strong. Current ratio is about 2.83, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 13.80, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.29, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do On Holding AG's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If On Holding AG is sustaining strong returns (for example ROE at 23.23% and ROIC at 16.29%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.