On Holding AG has the GF Score of 64, which implies that the company
might have
Poor future performance potential.
The GF Score is a stock performance ranking system developed by GuruFocus using five aspects of valuation, which has been found to be closely correlated to the long-term performances of stocks by backtesting from 2006 to 2021. The stocks with a higher GF Score generally generate higher returns than those with lower GF Scores. Therefore, when picking stocks, investors should invest in companies with high GF Scores. The GF Score ranges from 0 to 100, with 100 as the highest rank.
GF Score takes following five key aspects into consideration:
Each one of these components is ranked and the ranks also have positive correlation with the long term performances of stocks. The GF score is calculated using the five key aspects of analysis. Through backtesting, we know that each of these key aspects has a different impact on the stock price performance. Thus, they are weighted differently when calculating the total score. The Profitability Rank and the Growth Rank are weighted fully, while other parameters have less weight.
Based on research and backtesting result, GuruFocus believes On Holding AG
might have
Poor future performance potential.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
On Holding AG (MIL:1ONON) GF Score Explanation
Based on the historical long-term performances among five valuation aspects, the GF Score is found to be closely correlated to the long-term performances of stocks. It ranges from 0 to 100, with 100 as the highest. GuruFocus divided GF Score into following 5 categories:
GF Score
Performance Potential and All-in-One Screener Examples (1)
(1) These are some simple examples. You can access our GF Score filter under All-in-One Screener’s Fundamental tab.
On Holding AG GF Score Related Terms
MIL:1ONON vs DECK, BIRK, CROX: GF Score Comparison
For the Footwear & Accessories subindustry, On Holding AG's GF Score, along with its competitors' market caps and GF Score 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 GF Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's GF Score distribution charts can be found below:
* The bar in red indicates where On Holding AG's GF Score falls into.
On Holding AG (MIL:1ONON) has a GF Score of 64 as of Jul. 11, 2026. GF Score is a stock performance ranking system developed by GuruFocus using five aspects of valuation. View historical data on On Holding AG and its competitors. This is near median its historical median of 66.00. Over the past decade, On Holding AG's GF Score has ranged from 21.00 to 87.00.
Is On Holding AG's GF Score too high?
On Holding AG's current GF Score of 64 is near median its 10-year median of 66.00. Over the past 10 years, this metric has ranged from a low of 21.00 to a high of 87.00. Overall, On Holding AG has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's GF Score compare to DECK and BIRK?
On Holding AG's GF Score of 64 can be compared against companies in the Manufacturing - Apparel & Accessories industry. Historically, On Holding AG's own GF Score has ranged from 21.00 to 87.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good GF Score for a Manufacturing - Apparel & Accessories company?
A good GF Score depends on the Manufacturing - Apparel & Accessories industry context. However, GF Score 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 GF Score mean?
A high GF Score can signal that a stock is expensive relative to its fundamentals. GF Score is a stock performance ranking system developed by GuruFocus using five aspects of valuation. View historical data on On Holding AG and its competitors. On Holding AG's current GF Score is 64, which is near median its own 10-year median of 66.00. 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 (MIL:1ONON) is currently considered Significantly Undervalued. The stock's GF Value™ is €54.71, compared to a current price of €31.32 — trading 42.8% below its estimated fair value. The current GF Score is 64, which is near median its 10-year median of 66.00. On Holding AG's overall GF Score™ is 64/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is GF Score calculated?
GF Score is calculated from a company's financial statements. For On Holding AG (MIL:1ONON), the current GF Score is 64 as of Jul. 11, 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 (MIL:1ONON) Overvalued in 2026?
Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued.
The current stock price of €31.32 is trading 42.8% below its estimated GF Value™ of €54.71.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for MIL:1ONON:
GF Score: 64 (near median its 10-year median of 66.00)
GF Value™: €54.71 vs. price of €31.32 (42.8% below fair value)
No single metric tells the full story. See the MIL:1ONON 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.
64GF Score
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