ONON (On Holding AG) Beginning Cash Position: $1,296 Mil (As of Mar. 2026)

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ONON On Holding AG ONON
85 GF Score
Price $35.82
GF Value $62.74
Valuation Significantly Undervalued
! 2 Warning Signs
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What is On Holding AG Beginning Cash Position?

On Holding AG ONON +2.81% 85 Beginning Cash Position is $1,296 Mil as of Mar. 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.74 (Significantly Undervalued). The stock has 2 warning signs investors should review.

On Holding AG's Beginning Cash Position for the quarter that ended in Mar. 2026 was $1,296 Mil.

On Holding AG's quarterly Beginning Cash Position increased from Sep. 2025 ($1,063 Mil) to Dec. 2025 ($1,207 Mil) and increased from Dec. 2025 ($1,207 Mil) to Mar. 2026 ($1,296 Mil).

On Holding AG's annual Beginning Cash Position increased from Dec. 2023 ($429 Mil) to Dec. 2024 ($555 Mil) and increased from Dec. 2024 ($555 Mil) to Dec. 2025 ($1,160 Mil).

On Holding AG Beginning Cash Position Related Terms

On Holding AG Beginning Cash Position Historical Data

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The historical data trend for On Holding AG's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

On Holding AG Beginning Cash Position Chart

On Holding AG Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial 98.37 701.05 429.00 554.73 1,159.74

On Holding AG Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,045.84 1,072.18 1,063.43 1,206.93 1,295.69
ONON
85GF Score
On Holding AG ONON
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
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On Holding AG Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of $1,296 Mil mean?
On Holding AG (ONON) has a Beginning Cash Position of $1,296 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on On Holding AG and its competitors.
Is On Holding AG's Beginning Cash Position too high?
On Holding AG's current Beginning Cash Position is $1,296 Mil. Overall, On Holding AG has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's Beginning Cash Position compare to DECK and BIRK?
On Holding AG's Beginning Cash Position of $1,296 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Manufacturing - Apparel & Accessories company?
A good Beginning Cash Position depends on the Manufacturing - Apparel & Accessories industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on On Holding AG and its competitors. On Holding AG's current Beginning Cash Position is $1,296 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is On Holding AG stock overvalued right now?
Based on GuruFocus' analysis, On Holding AG (ONON) is currently considered Significantly Undervalued. The stock's GF Value™ is $62.74, compared to a current price of $35.82 — trading 42.9% below its estimated fair value. The current Beginning Cash Position is $1,296 Mil. On Holding AG's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For On Holding AG (ONON), the current Beginning Cash Position is $1,296 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is On Holding AG (ONON) Overvalued in 2026?

Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued. The current stock price of $35.82 is trading 42.9% below its estimated GF Value™ of $62.74. GuruFocus considers On Holding AG to be Significantly Undervalued.

Key valuation signals for ONON:

  • Beginning Cash Position: $1,296 Mil
  • GF Value™: $62.74 vs. price of $35.82 (42.9% below fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the ONON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

On Holding AG Business Description

Address Forrlibuckstrasse 190, Zurich, CHE, 8005
Founded in Switzerland in 2010, sportswear firm On Holding generates more than 90% of its sales from athletic shoes. The brand is best known for its running shoes and its distinctive CloudTec soles. On also produces athletic apparel (6% of 2025 sales) and accessories (1%). The firm's merchandise is available in more than 80 countries and is sold through both wholesale (58% of sales) and company-owned channels (42%). In 2025, On generated 58% of its sales in North America, 25% in Europe, the Middle East, and Africa, and 17% in the Asia-Pacific region.
85GF Score

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Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$35.82
Price
$62.74
GF Value