ONON (On Holding AG) Tariff Resilience Score: 5/10 (As of Jul. 05, 2026)


ONON On Holding AG ONON
85 GF Score
Price $36.83
GF Value $62.64
Valuation Significantly Undervalued
! 2 Warning Signs
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What is On Holding AG Tariff Resilience Score?

On Holding AG ONON +3.57% 85 Tariff Resilience Score is 5 as of Jul. 05, 2026. GuruFocus rates ONON with a GF Score™ of 85/100 and a GF Value™ of $62.64 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,140 Manufacturing - Apparel & Accessories companies, On Holding AG ranks better than 97.72% on this metric.

On Holding AG has the Tariff Resilience Score of 5, which implies that the company might have Average Resilient.

On Holding AG has On Holding AG faces tariff risks due to its global supply chain and manufacturing in Asia. Past tariffs on footwear have impacted costs. The company can mitigate through alternative suppliers and leveraging brand strength for pricing adjustments.

Tariff Resilience Score is a ranking system developed by GuruFocus to measure a company's exposure to international trade tariffs, rated on a scale from 0 to 10. It takes into account key factors such as global supply chain dependencies, manufacturing locations versus sales markets, import / export balance and percentage of revenue, and more.

The company's exposure to international trade tariffs based on these criteria:

1. Global supply chain dependencies
2. Manufacturing locations versus sales markets
3. Import/export balance and percentage of revenue
4. Historical impact from previous tariff changes
5. Available mitigation strategies (alternative suppliers, pricing power)
6. Industry-specific tariff exemptions or vulnerabilities

Based on the research, GuruFocus believes On Holding AG might have Average Resilient.

On Holding AG  (NYSE:ONON) Tariff Resilience Score Explanation

The Tariff Resilience Score ranges from 0 to 10, with 10 as the most resilient. GuruFocus divided Moat Score into following 3 categories:

Tariff Resilience Score Resilience Level
7 - 10Highly Resilient
4 - 6Average Resilient
0 - 3Highly Vulnerable

On Holding AG Tariff Resilience Score Related Terms

ONON vs DECK, BIRK, CROX: Tariff Resilience Score Comparison

For the Footwear & Accessories subindustry, On Holding AG's Tariff Resilience Score, along with its competitors' market caps and Tariff Resilience 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 Tariff Resilience Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Tariff Resilience Score distribution charts can be found below:

* The bar in red indicates where On Holding AG's Tariff Resilience Score falls into.


ONON
85GF Score
On Holding AG ONON
Tariff Resilience Score is just one metric. See GF Score™, valuation, warning signs, and more.
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What does a Tariff Resilience Score of 5 mean?
On Holding AG (ONON) has a Tariff Resilience Score of 5 as of Jul. 05, 2026. Tariff Score is a ranking system developed by GuruFocus to measure a company's exposure to international trade tariffs, rated on a scale from 0 to 10. It takes into account key factors such as global supply chain dependencies, manufacturing locations versus sales markets, import / export balance and percentage of revenue, and more. According to the industry distribution chart, On Holding AG ranks #26 out of 1140 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 2.3%.
Is On Holding AG's Tariff Resilience Score too high?
On Holding AG's current Tariff Resilience Score is 5. Based on the distribution chart, On Holding AG ranks #26 out of 1140 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position 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 Tariff Resilience Score compare to DECK and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, On Holding AG ranks #26 out of 1140 companies for Tariff Resilience Score. This places On Holding AG in the top 2% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tariff Resilience Score for a Manufacturing - Apparel & Accessories company?
A good Tariff Resilience Score depends on the Manufacturing - Apparel & Accessories industry context. However, Tariff Resilience 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 Tariff Resilience Score mean?
A high Tariff Resilience Score can signal that a stock is expensive relative to its fundamentals. Tariff Score is a ranking system developed by GuruFocus to measure a company's exposure to international trade tariffs, rated on a scale from 0 to 10. It takes into account key factors such as global supply chain dependencies, manufacturing locations versus sales markets, import / export balance and percentage of revenue, and more. On Holding AG's current Tariff Resilience Score is 5. 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 $62.64, compared to a current price of $36.83 — trading 41.2% below its estimated fair value. The current Tariff Resilience Score is 5. 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 Tariff Resilience Score calculated?
Tariff Resilience Score is calculated from a company's financial statements. For On Holding AG (ONON), the current Tariff Resilience Score is 5 as of Jul. 05, 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 $36.83 is trading 41.2% below its estimated GF Value™ of $62.64. GuruFocus considers On Holding AG to be Significantly Undervalued.

Key valuation signals for ONON:

  • Tariff Resilience Score: 5
  • GF Value™: $62.64 vs. price of $36.83 (41.2% below fair value)
  • GF Score™: 85/100 with 2 warning signs

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.

On Holding AG Business Description

Address Forrlibuckstrasse 190, Zurich, CHE, 8005
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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Tariff Resilience Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.83
Price
$62.64
GF Value