On Holding AGHAM:49G +0.77%66 FCF Yield % is 3.20 as of Jun. 25, 2026, which is 220% above its 10-year median of 1.00. GuruFocus rates HAM:49G with a GF Score™ of 66/100 and a GF Value™ of €53.38 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,065 Manufacturing - Apparel & Accessories companies, On Holding AG ranks better than 55.49% on this metric.
FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
On Holding AG FCF Yield % Related Terms
On Holding AG FCF Yield % Historical Data
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The historical data trend for On Holding AG's FCF Yield % 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.
HAM:49G vs DECK, BIRK, CROX: FCF Yield % Comparison
For the Footwear & Accessories subindustry, On Holding AG's FCF Yield %, along with its competitors' market caps and FCF Yield % 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 FCF Yield % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's FCF Yield % distribution charts can be found below:
* The bar in red indicates where On Holding AG's FCF Yield % 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 (HAM:49G) has a FCF Yield % of 3.20 as of Jun. 25, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on On Holding AG and its competitors. This is 220% above median its historical median of 1.00. According to the industry distribution chart, On Holding AG ranks #474 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 44.5%.
Is On Holding AG's FCF Yield % too high?
On Holding AG's current FCF Yield % of 3.20 is 220% above median its 10-year median of 1.00. The Manufacturing - Apparel & Accessories industry median FCF Yield % is 2.00. On Holding AG's value of 3.20 is 60% above this industry median. Based on the distribution chart, On Holding AG ranks #474 out of 1065 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, On Holding AG has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's FCF Yield % compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #474 out of 1065 companies for FCF Yield %. This puts On Holding AG in the upper half of its industry. The industry median FCF Yield % is 2.00. On Holding AG's value of 3.20 is 60% above this benchmark. While the company's 10-year median is 1.00 vs. the industry median of 2.00, On Holding AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Yield % for a Manufacturing - Apparel & Accessories company?
The median FCF Yield % among Manufacturing - Apparel & Accessories companies is 2.00, based on 1,065 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. On Holding AG's current FCF Yield % of 3.20 is 60% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on On Holding AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median FCF Yield % is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On Holding AG's current FCF Yield % is 3.20, which is 220% above median its own 10-year median of 1.00. 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 (HAM:49G) is currently considered Significantly Undervalued. The stock's GF Value™ is €53.38, compared to a current price of €31.50 — trading 41% below its estimated fair value. The current FCF Yield % is 3.20, which is 220% above median its 10-year median of 1.00 and 60% above the Manufacturing - Apparel & Accessories industry median of 2.00. On Holding AG's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For On Holding AG (HAM:49G), the current FCF Yield % is 3.20 as of Jun. 25, 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 (HAM:49G) Overvalued in 2026?
Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued.
The current stock price of €31.50 is trading 41% below its estimated GF Value™ of €53.38.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for HAM:49G:
FCF Yield %: 3.20 (220% above median its 10-year median of 1.00)
GF Value™: €53.38 vs. price of €31.50 (41% below fair value)
Industry Position: 60% above the Manufacturing - Apparel & Accessories median (#474 of 1065)
No single metric tells the full story. See the HAM:49G 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.
66GF Score
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