ONON
On Holding AG
$34.62+0.96% today
AI Take · AlgoThesis
On Holding trades at a striking 43.6x earnings—nearly double the typical footwear and apparel multiple—despite sitting 42% below its 52-week high. The RSI of 42.1 suggests room for upside momentum without extreme overbought conditions, while the 4.52% short float indicates minimal squeeze risk. The valuation premium implies the market prices in significant growth expectations that haven't yet materialized in the stock's recent price action. This setup presents a curious tension: either the company must deliver exceptional earnings growth to justify the multiple, or the stock faces compression risk if growth disappoints.
Snapshot
Market cap
$11.1B
P/E
43.6
Forward P/E
21.1
EPS (TTM)
$0.61
Dividend yield
—
Net margin
6.8%
ROE
13.5%
RSI (14)
42
Beta
1.58
Short % of float
4.5%
Days to cover
1.4
52w high
No
Recent headlines
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