Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate On Holding AG before investing.

In this article, we go over a few key elements for understanding On Holding AG’s stock price such as:

• On Holding AG’s current stock price and volume
• Why On Holding AG’s stock price changed recently
• Upgrades and downgrades for ONON from analysts
• ONON’s stock price momentum as measured by its relative strength

About On Holding AG (ONON)

Before we jump into On Holding AG’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.

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On Holding AG’s Stock Price as of Market Close

As of July 31, 2026, 4:00 PM, CST, On Holding AG’s stock price was $36.240.

On Holding AG is down 2.32% from its previous closing price of $37.100.

During the last market session, On Holding AG’s stock traded between $36.220 and $37.100. Currently, there are approximately 415.54 million shares outstanding for On Holding AG.

On Holding AG’s price-earnings (P/E) ratio is currently at 47.1, which is high compared to the Textiles, Apparel & Luxury Goods industry median of 20.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

On Holding AG Stock Price History

On Holding AG’s (ONON) price is currently up 2.32% so far this month.

During the month of July, On Holding AG’s stock price has reached a high of $39.230 and a low of $34.610.

Over the last year, On Holding AG has hit prices as high as $52.200 and as low as $31.410. Year to date, On Holding AG’s stock is down 22.03%.

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What Caused On Holding AG Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 31, 2026, there were 0 analysts who downgraded On Holding AG’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate On Holding AG’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on On Holding AG’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

On Holding AG’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about On Holding AG (ONON) by visiting AAII Stock Evaluator.

Relative Price Strength of On Holding AG

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 31, 2026, On Holding AG has a weighted four-quarter relative price strength of -7.09%, which translates to a Momentum Score of 30 and is considered to be Weak.

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On Holding AG Stock Price: Bottom Line

As of July 31, 2026, On Holding AG’s stock price is $36.240, which is down 2.32% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like On Holding AG stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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