Sifting through countless of stocks in the Textiles, Apparel & Luxury Goods industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in On Holding AG or Levi Strauss & Co. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how On Holding AG and Levi Strauss & Co. compare based on key financial metrics to determine which better meets your investment needs.

About On Holding AG and Levi Strauss & Co.

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.

Levi Strauss & Co. designs, markets, and sells apparels and related accessories for men, women, and children in the United States and internationally. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Levi Strauss Signature, Denizen, and Beyond Yoga brands. It sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees; and directly to consumers through company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores and other third-party retail locations. The company also operates brand-dedicated stores and shop-in-shops. Levi Strauss & Co. was founded in 1853 and is headquartered in San Francisco, California.

Latest Textiles, Apparel & Luxury Goods and On Holding AG, Levi Strauss & Co. Stock News

As of August 20, 2026, On Holding AG had a $10.0 billion market capitalization, compared to the Textiles, Apparel & Luxury Goods median of $2.9 million. On Holding AG’s stock is down 35.5% in 2026, down 7% in the previous five trading days and down 33.6% in the past year.

Currently, On Holding AG’s price-earnings ratio is 20.4. On Holding AG’s trailing 12-month revenue is $4.0 billion with a 12.3% net profit margin. Year-over-year quarterly sales growth most recently was 66.6%. Analysts expect adjusted earnings to reach $1.766 per share for the current fiscal year. On Holding AG does not currently pay a dividend.

As of August 20, 2026, Levi Strauss & Co. had a $8.2 billion market cap, putting it in the 74th percentile of all stocks. Levi Strauss & Co.’s stock is up 4.2% in 2026, down 4.1% in the previous five trading days and up 1.68% in the past year.

Currently, Levi Strauss & Co.’s price-earnings ratio is 15.2. Levi Strauss & Co.’s trailing 12-month revenue is $6.6 billion with a 9.7% net profit margin. Year-over-year quarterly sales growth most recently was 8.0%. Analysts expect adjusted earnings to reach $1.541 per share for the current fiscal year. Levi Strauss & Co. currently has a 3.0% dividend yield.

How We Compare On Holding AG and Levi Strauss & Co. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at On Holding AG and Levi Strauss & Co.’s stock grades to see how they measure up against one another.

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On Holding AG and Levi Strauss & Co. Stock Value Grades

Company	Ticker	Value
On Holding AG	ONON	D
Levi Strauss & Co.	LEVI	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

On Holding AG has a Value Score of 25, which is Expensive. Levi Strauss & Co. has a Value Score of 60, which is Average.

The Value Stock Winner: No Clear Winner

Neither On Holding AG or Levi Strauss & Co. has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if On Holding AG or Levi Strauss & Co. is the better investment when it comes to value.

On Holding AG and Levi Strauss & Co.’s Quality Grades

Company	Ticker	Quality
On Holding AG	ONON	B
Levi Strauss & Co.	LEVI	A

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

On Holding AG has a Quality Score of 72, which is Strong. Levi Strauss & Co. has a Quality Score of 95, which is Very Strong.

The Quality Grade Winner: Levi Strauss & Co.

As you can clearly see from the Quality Grade breakdown above, Levi Strauss & Co. has a better overall quality grade than On Holding AG. For investors who are looking for companies with higher quality than others in the same industry, Levi Strauss & Co. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

On Holding AG and Levi Strauss & Co.’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
On Holding AG	ONON	C
Levi Strauss & Co.	LEVI	B

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

On Holding AG has a Earnings Estimate Score of 50, which is Neutral. Levi Strauss & Co. has a Earnings Estimate Score of 65, which is Positive.

The Earnings Estimate Revisions Grade Winner: Levi Strauss & Co.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Levi Strauss & Co. has a better Earnings Estimate Revisions Grade than On Holding AG. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Levi Strauss & Co. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other On Holding AG and Levi Strauss & Co. Grades

In addition to Quality, Estimate Revisions and Value, A+ Investor also provides grades for Growth and Momentum.

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether On Holding AG and Levi Strauss & Co. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, On Holding AG or Levi Strauss & Co. Stock?

Overall, On Holding AG stock has a Value Score of 25, Estimate Revisions Score of 50 and Quality Score of 72.

Levi Strauss & Co. stock has a Value Score of 60, Estimate Revisions Score of 65 and Quality Score of 95.

Comparing On Holding AG and Levi Strauss & Co.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.