On Holding AG (On Holding AG) Price-to-Tangible-Book : 8.69 (As of May. 02, 2024)

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What is On Holding AG Price-to-Tangible-Book?

As of today (2024-05-02), On Holding AG's share price is $31.85. On Holding AG's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.66. Hence, On Holding AG's Price to Tangible Book Ratio of today is 8.69.

The historical rank and industry rank for On Holding AG's Price-to-Tangible-Book or its related term are showing as below:

ONON' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.63 Med: 7.36 Max: 13.71
Current: 8.7

During the past 5 years, On Holding AG's highest Price to Tangible Book Ratio was 13.71. The lowest was 5.63. And the median was 7.36.

ONON's Price-to-Tangible-Book is ranked worse than
93.43% of 989 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.34 vs ONON: 8.70

A closely related ratio is called PB Ratio. As of today, On Holding AG's share price is $31.85. On Holding AG's Book Value per Sharefor the quarter that ended in Dec. 2023 was $3.90. Hence, On Holding AG's P/B Ratio of today is 8.17.

On Holding AG Price-to-Tangible-Book Historical Data

The historical data trend for On Holding AG's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

On Holding AG Price-to-Tangible-Book Chart

On Holding AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

13.71

5.63

7.36

On Holding AG Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial											5.63	9.59	9.85	7.74	7.36

Competitive Comparison of On Holding AG's Price-to-Tangible-Book

For the Footwear & Accessories subindustry, On Holding AG's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

On Holding AG's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, On Holding AG's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where On Holding AG's Price-to-Tangible-Book falls into.

On Holding AG Price-to-Tangible-Book Calculation

On Holding AG's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	31.85	/	3.664
	=	8.69

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

On Holding AG Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of On Holding AG's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

On Holding AG (On Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » On Holding AG (NYSE:ONON) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Forrlibuckstrasse 190, Zurich, CHE, 8005

Website

https://www.on-running.com

On Holding AG is a premium performance sports brand rooted in technology, design, and impact. Its shoe, apparel, and accessories products are designed primarily for athletic use, casual, or leisure purposes. It does not manufacture the products or the raw materials and rely instead on third-party suppliers and contract manufacturers. Geographically, it derives a majority of its revenue from North America.