On Holding AG Class A risk profile

26 Normal where most of the sector sits

Measured 1 September 2026 from ONON's filed statements. Recomputed nightly.

26 (Normal), driven by Market expectation at 61, over 5 weighted categories on the MANUFACTURER profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation61StretchedVolatileOne-year price volatility — 48.8%
Operating pressure27NormalStableCosts outgrowing revenue — -4.8 percentage points
Cash conversion25NormalWorseningCapital spending against operating cash — 0.22x
Leverage and coverage8ContainedWorseningCurrent ratio — 2.71x
Competitive position25NormalStableOperating-margin gap against peers — +2.3 percentage points
ConcentrationReads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company.

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

Consumer Cyclical companies with a risk reading

Financials, valuation and price history for On Holding AG Class A