On Holding AGHAM:49G +0.77%66 OCF Yield % is 4.07 as of Jun. 25, 2026, which is 231% above its 10-year median of 1.23. 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 1,066 Manufacturing - Apparel & Accessories companies, On Holding AG ranks worse than 56% on this metric.
OCF Yield % is calculated as Cash Flow from Operations divided by Market Capitalization. It is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, OCF 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 operating 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 OCF Yield % Related Terms
On Holding AG OCF Yield % Historical Data
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The historical data trend for On Holding AG's OCF 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: OCF Yield % Comparison
For the Footwear & Accessories subindustry, On Holding AG's OCF Yield %, along with its competitors' market caps and OCF 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 OCF Yield % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's OCF Yield % distribution charts can be found below:
* The bar in red indicates where On Holding AG's OCF 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 OCF Yield % of 4.07 as of Jun. 25, 2026. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on On Holding AG and its competitors. This is 231% above median its historical median of 1.23. According to the industry distribution chart, On Holding AG ranks #597 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 56%.
Is On Holding AG's OCF Yield % too high?
On Holding AG's current OCF Yield % of 4.07 is 231% above median its 10-year median of 1.23. The Manufacturing - Apparel & Accessories industry median OCF Yield % is 6.10. On Holding AG's value of 4.07 is 33.2% below this industry median. Based on the distribution chart, On Holding AG ranks #597 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is below 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 OCF Yield % compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #597 out of 1066 companies for OCF Yield %. This places On Holding AG in the lower half of its industry. The industry median OCF Yield % is 6.10. On Holding AG's value of 4.07 is 33.2% below this benchmark. While the company's 10-year median is 1.23 vs. the industry median of 6.10, On Holding AG has consistently been below 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 OCF Yield % for a Manufacturing - Apparel & Accessories company?
The median OCF Yield % among Manufacturing - Apparel & Accessories companies is 6.10, based on 1,066 companies in the industry. Companies in the top quartile (top 25%) have a OCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, OCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. On Holding AG's current OCF Yield % of 4.07 is 33.2% below 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 OCF Yield % mean?
A high OCF Yield % can signal that a stock is expensive relative to its fundamentals. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on On Holding AG and its competitors. For the Manufacturing - Apparel & Accessories industry, the median OCF Yield % is 6.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. On Holding AG's current OCF Yield % is 4.07, which is 231% above median its own 10-year median of 1.23. 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 OCF Yield % is 4.07, which is 231% above median its 10-year median of 1.23 and 33.2% below the Manufacturing - Apparel & Accessories industry median of 6.10. 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 OCF Yield % calculated?
OCF Yield % is calculated from a company's financial statements. For On Holding AG (HAM:49G), the current OCF Yield % is 4.07 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:
OCF Yield %: 4.07 (231% above median its 10-year median of 1.23)
GF Value™: €53.38 vs. price of €31.50 (41% below fair value)
Industry Position: 33.2% below the Manufacturing - Apparel & Accessories median (#597 of 1066)
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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