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 PVH Corp. or On Holding AG 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 PVH Corp. and On Holding AG compare based on key financial metrics to determine which better meets your investment needs.

About PVH Corp. and On Holding AG

PVH Corp., together with its subsidiaries, operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men’s, women’s, and children’s branded apparel, footwear and accessories, underwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products. The company offers its products under its own brands, such as TOMMY HILFIGER, TOMMY JEANS, Calvin Klein, Calvin Klein Jeans, Calvin Klein Underwear, Calvin Klein collection, and Calvin Klein sport, as well as various other owned, licensed, and private label brands. It distributes its products at wholesale in department, chain, and specialty stores; through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations; and through digital commerce sites. PVH Corp. was formerly known as Phillips-Van Heusen Corporation and changed its name to PVH Corp. in June 2011. The company was founded in 1881 and is based in New York, New York.

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.

Latest Textiles, Apparel & Luxury Goods and PVH Corp., On Holding AG Stock News

As of August 21, 2026, PVH Corp. had a $3.6 billion market capitalization, compared to the Textiles, Apparel & Luxury Goods median of $3.0 million. PVH Corp.’s stock is up 17.1% in 2026, down 4.8% in the previous five trading days and up 3.43% in the past year.

Currently, PVH Corp.’s price-earnings ratio is 23.5. PVH Corp.’s trailing 12-month revenue is $9.0 billion with a 1.8% net profit margin. Year-over-year quarterly sales growth most recently was 2.1%. Analysts expect adjusted earnings to reach $12.081 per share for the current fiscal year. PVH Corp. currently has a 0.2% dividend yield.

As of August 21, 2026, On Holding AG had a $10.0 billion market cap, putting it in the 77th percentile of all stocks. On Holding AG’s stock is down 35.4% in 2026, down 6.8% in the previous five trading days and down 33.64% in the past year.

Currently, On Holding AG’s price-earnings ratio is 20.5. 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 $1.760 per share for the current fiscal year. On Holding AG does not currently pay a dividend.

How We Compare PVH Corp. and On Holding AG 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 PVH Corp. and On Holding AG’s stock grades to see how they measure up against one another.

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PVH Corp. and On Holding AG Stock Value Grades

Company	Ticker	Value
PVH Corp.	PVH	A
On Holding AG	ONON	D

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.

PVH Corp. has a Value Score of 94, which is Deep Value. On Holding AG has a Value Score of 25, which is Expensive.

The Value Stock Winner: PVH Corp.

As you can clearly see from the Value Grade breakdown above, PVH Corp. is considered to have better value than On Holding AG. For investors who focus solely on a company’s valuation, PVH Corp. could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

PVH Corp. and On Holding AG Growth Grades

Company	Ticker	Growth
PVH Corp.	PVH	C
On Holding AG	ONON	D

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

PVH Corp. has a Growth Score of 56, which is Average. On Holding AG has a Growth Score of 40, which is Weak.

The Growth Stock Winner: No Clear Winner

Neither PVH Corp. or On Holding AG has a high enough Growth 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 portfolios. It’s important to look at a wide range of financial metrics in order to determine if PVH Corp. or On Holding AG is the better investment when it comes to sustainable growth.

PVH Corp. and On Holding AG’s Quality Grades

Company	Ticker	Quality
PVH Corp.	PVH	A
On Holding AG	ONON	B

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.

PVH Corp. has a Quality Score of 85, which is Very Strong. On Holding AG has a Quality Score of 72, which is Strong.

The Quality Grade Winner: PVH Corp.

As you can clearly see from the Quality Grade breakdown above, PVH Corp. 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, PVH Corp. 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.

Other PVH Corp. and On Holding AG Grades

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

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.

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

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 PVH Corp. and On Holding AG pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, PVH Corp. or On Holding AG Stock?

Overall, PVH Corp. stock has a Value Score of 94, Growth Score of 56 and Quality Score of 85.

On Holding AG stock has a Value Score of 25, Growth Score of 40 and Quality Score of 72.

Comparing PVH Corp. and On Holding AG’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.