On Holding (ONON) Financial Ratios: P/E, ROE & More

On Holding (ONON) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), On Holding had a P/E ratio of 60.34 (down from 65.57), return on equity of 13.5% (down from 19.7%), debt-to-equity of 0.32 (up from 0.25) and a current ratio of 2.71 (up from 2.67). A current ratio of 2.71 means current assets exceed current liabilities.

On Holding Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

Scroll to see more

Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	60.34	65.57	90.72	87.32	-	-
Forward P/E	29.36	52.39	33.18	38.92	158.84	-
P/S Ratio	4.08	6.85	4.03	4.12	15.91	-
P/B Ratio	7.53	11.41	6.72	5.20	13.59	-
Price/Tangible Book	7.79	11.91	7.15	5.60	14.58	-
Price/FCF	42.89	35.30	38.15	-	-	-
Price/OCF	34.19	31.12	31.11	-	682.31	-
PEG Ratio	1.07	1.44	0.86	0.86	-	-
Enterprise Value Ratios
EV/Revenue	3.91	6.64	3.89	4.09	15.17	-
EV/EBITDA	28.04	61.84	28.47	48.44	-	-
EV/EBIT	31.26	72.92	38.75	58.82	-	-
EV/FCF	41.08	34.19	36.80	-	-	-
Profitability & Returns
Return on Equity (ROE)	13.47%	19.65%	7.79%	6.35%	-31.13%	-17.77%
Return on Assets (ROA)	9.03%	6.64%	7.55%	4.06%	-10.89%	-4.06%
Return on Invested Capital (ROIC)	39.99%	23.40%	23.60%	11.61%	-54.19%	-14.55%
Return on Capital Employed (ROCE)	17.80%	12.30%	14.00%	7.50%	-13.70%	-5.80%
Leverage & Solvency Ratios
Debt/Equity	0.32	0.25	0.21	0.17	0.21	0.10
Debt/EBITDA	1.04	1.12	0.94	1.27	-	-
Debt/FCF	1.82	0.77	1.21	-	-	-
Liquidity Ratios
Current Ratio	2.71	2.67	3.77	4.33	4.71	3.27
Quick Ratio	1.98	1.92	2.43	2.56	3.92	1.91
Efficiency Ratios
Asset Turnover	1.16	1.17	1.21	0.93	0.90	1.62
Inventory Turnover	2.67	2.35	1.93	2.03	2.48	2.63
Yield & Distribution Ratios
Earnings Yield	1.66%	1.53%	1.10%	1.15%	-1.48%	-
FCF Yield	2.33%	2.83%	2.62%	-5.70%	-0.07%	-
Buyback Yield	-1.76%	-1.49%	-1.09%	-10.92%	-8.51%	-13.56%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About On Holding Financial Ratios

What is On Holding's P/E ratio?

On Holding's P/E ratio was 60.34 for fiscal 2025 (period ended Dec 31, 2025). It was 65.57 a year earlier.

What is On Holding's return on equity?

On Holding's return on equity (ROE) was 13.5% for fiscal 2025 (period ended Dec 31, 2025). It was 19.7% a year earlier.

What is On Holding's debt-to-equity ratio?

On Holding's debt-to-equity ratio was 0.32 for fiscal 2025 (period ended Dec 31, 2025). It was 0.25 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition