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On Holding AG's book value per share for the quarter that ended in Mar. 2026 was $6.75.
During the past 12 months, On Holding AG's average Book Value Per Share Growth Rate was 33.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 23.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 38.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of On Holding AG was 148.60% per year. The lowest was 17.70% per year. And the median was 43.20% per year.
On Holding AG's current price is $37.18. Its book value per share for the quarter that ended in Mar. 2026 was $6.75. Hence, today's PB Ratio of On Holding AG is 5.51.
During the past 7 years, the highest P/B Ratio of On Holding AG was 40.24. The lowest was 4.89. And the median was 8.25.
On Holding AG (NYSE:ONON) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
On Holding AG Book Value per Share Related Terms
On Holding AG Book Value per Share Historical Data
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The historical data trend for On Holding AG's Book Value per Share 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.
ONON vs DECK, BIRK, CROX: Book Value per Share Comparison
For the Footwear & Accessories subindustry, On Holding AG's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
On Holding AG PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where On Holding AG's PB Ratio falls into.
* 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 (ONON) has a Book Value per Share of $6.75 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on On Holding AG and its competitors.
Is On Holding AG's Book Value per Share too high?
On Holding AG's current Book Value per Share is $6.75. 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 Book Value per Share compare to DECK and BIRK?
On Holding AG's Book Value per Share of $6.75 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 Book Value per Share for a Manufacturing - Apparel & Accessories company?
A good Book Value per Share depends on the Manufacturing - Apparel & Accessories industry context. However, Book Value per Share 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 Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on On Holding AG and its competitors. On Holding AG's current Book Value per Share is $6.75. 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 $62.96, compared to a current price of $37.18 — trading 40.9% below its estimated fair value. The current Book Value per Share is $6.75. 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 Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For On Holding AG (ONON), the current Book Value per Share is $6.75 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 $37.18 is trading 40.9% below its estimated GF Value™ of $62.96.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for ONON:
Book Value per Share: $6.75
GF Value™: $62.96 vs. price of $37.18 (40.9% below fair value)
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.
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
Get the complete analysis for ONON
Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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