On Holding AGONON +5.07%85 Median PS Value is $0.00 as of Jun. 25, 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.56 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 676 Manufacturing - Apparel & Accessories companies, On Holding AG ranks worse than 147928.85% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. On Holding AG's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $6.042. On Holding AG's 10-Year median PS Ratio is 0. Therefore, the Median PS Value for today is $0.00.
As of today (2026-06-25), On Holding AG's share price is $36.92. On Holding AG's Median PS Value is $0.00. Therefore, On Holding AG's Price to Median PS Value for today is 0.00.
The historical rank and industry rank for On Holding AG's Median PS Value or its related term are showing as below:
ONON's Price-to-Median-PS-Value is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 1.01 * Ranked among companies with meaningful Price-to-Median-PS-Value only.
On Holding AG (NYSE:ONON) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
On Holding AG's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
36.92
/
0.00
=
* 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 Median PS Value Related Terms
On Holding AG Median PS Value Historical Data
* Premium members only.
The historical data trend for On Holding AG's Median PS Value 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: Median PS Value Comparison
For the Footwear & Accessories subindustry, On Holding AG's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where On Holding AG's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.
On Holding AG's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.042.
* 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 Median PS Value of $0.00 as of Jun. 25, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on On Holding AG and its competitors. According to the industry distribution chart, On Holding AG ranks #999999 out of 676 companies in the Manufacturing - Apparel & Accessories industry.
Is On Holding AG's Median PS Value too high?
On Holding AG's current Median PS Value is $0.00. Based on the distribution chart, On Holding AG ranks #999999 out of 676 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. 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 Median PS Value compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #999999 out of 676 companies for Median PS Value. This places On Holding AG in the lower half of its industry. The industry median Median PS Value is 1.01. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Manufacturing - Apparel & Accessories company?
The median Median PS Value among Manufacturing - Apparel & Accessories companies is 1.01, based on 676 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on On Holding AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Median PS Value is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On Holding AG's current Median PS Value is $0.00. 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 (ONON) is currently considered Significantly Undervalued. The stock's GF Value™ is $62.56, compared to a current price of $36.92 — trading 41% below its estimated fair value. The current Median PS Value is $0.00. 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 Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For On Holding AG (ONON), the current Median PS Value is $0.00 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 (ONON) Overvalued in 2026?
Based on GuruFocus' analysis, On Holding AG stock appears to be undervalued.
The current stock price of $36.92 is trading 41% below its estimated GF Value™ of $62.56.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for ONON:
Median PS Value: $0.00
GF Value™: $62.56 vs. price of $36.92 (41% 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
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