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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
On Holding AGONON +0.40%81 3-1 Month Momentum % is -4.98% as of Aug. 22, 2026. GuruFocus rates ONON with a GF Score™ of 81/100 and a GF Value™ of $61.02 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,131 Manufacturing - Apparel & Accessories companies, On Holding AG ranks better than 55.97% on this metric.
3-1 Month Momentum % is the total return of the stock from 3-month ago to 1-month ago. As of today (2026-08-22), On Holding AG's 3-1 Month Momentum % is -4.98%.
The industry rank for On Holding AG's 3-1 Month Momentum % or its related term are showing as below:
ONON's 3-1 Month Momentum % is ranked better than 55.97% of 1131
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: -2.43
vs ONON: -4.98
On Holding AG (NYSE:ONON) 3-1 Month Momentum % Explanation
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 3-1 Month Momentum % measures the total return to a stock over the past three months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
On Holding AG 3-1 Month Momentum % Related Terms
ONON vs DECK, BIRK, CROX: 3-1 Month Momentum % Comparison
For the Footwear & Accessories subindustry, On Holding AG's 3-1 Month Momentum %, along with its competitors' market caps and 3-1 Month Momentum % 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 3-1 Month Momentum % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's 3-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where On Holding AG's 3-1 Month Momentum % falls into.
On Holding AG (NYSE:ONON) 3-1 Month Momentum % Calculation
3-1 Month Momentum % is calculated as following:
3-1 Month Momentum %
=
( Price 1-month ago
/
Price 3-month ago
- 1 )
*
100 %
* 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 3-1 Month Momentum % of -4.98% as of Aug. 22, 2026. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on On Holding AG and its competitors. According to the industry distribution chart, On Holding AG ranks #498 out of 1131 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 44%.
Is On Holding AG's 3-1 Month Momentum % too high?
On Holding AG's current 3-1 Month Momentum % is -4.98%. Based on the distribution chart, On Holding AG ranks #498 out of 1131 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, On Holding AG has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does On Holding AG's 3-1 Month Momentum % compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #498 out of 1131 companies for 3-1 Month Momentum %. This puts On Holding AG in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-1 Month Momentum % for a Manufacturing - Apparel & Accessories company?
A good 3-1 Month Momentum % depends on the Manufacturing - Apparel & Accessories industry context. However, 3-1 Month Momentum % 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 3-1 Month Momentum % mean?
A high 3-1 Month Momentum % can signal that a stock is expensive relative to its fundamentals. 3-1 Month Momentum measures the total return of the stock from 3-month ago to 1-month ago. View historical data on On Holding AG and its competitors. On Holding AG's current 3-1 Month Momentum % is -4.98%. 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 $61.02, compared to a current price of $30.02 — trading 50.8% below its estimated fair value. The current 3-1 Month Momentum % is -4.98%. On Holding AG's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-1 Month Momentum % calculated?
3-1 Month Momentum % is calculated from a company's financial statements. For On Holding AG (ONON), the current 3-1 Month Momentum % is -4.98% as of Aug. 22, 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 $30.02 is trading 50.8% below its estimated GF Value™ of $61.02.
GuruFocus considers On Holding AG to be Significantly Undervalued.
Key valuation signals for ONON:
3-1 Month Momentum %: -4.98%
GF Value™: $61.02 vs. price of $30.02 (50.8% 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.
81GF Score
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3-1 Month Momentum % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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