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ONON vs. SONY: On Holding vs. Sony Stock Comparison

How do On Holding (ONON) and Sony (SONY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

On Holding (ONON) and Sony (SONY) both fall under the Consumer Durables & Apparel industry group, but ONON is classified in Textiles, Apparel & Luxury Goods while SONY is classified in Household Durables.

Sony (SONY) has more than two decades of public-market history since February 21, 1973, whereas On Holding (ONON) listed on September 15, 2021 and has a much shorter record to draw on.

On Holding (ONON) trades as ordinary local shares, while Sony (SONY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for On Holding (ONON) and Sony (SONY)
Profile ItemONONSONY
NameOn Holding AG Class A Ordinary SharesSony Group Corp. Sponsored ADR
Country/RegionSwitzerlandJapan
GICS SectorConsumer DiscretionaryConsumer Discretionary
GICS Industry GroupConsumer Durables & ApparelConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury GoodsHousehold Durables
GICS Sub-IndustryFootwearConsumer Electronics
Market Capitalization12.49 billion USD157.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 15, 2021February 21, 1973
Security TypeCommon StockADR

Price Performance

Cumulative Growth

ONON
SONY
GSPC
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On Holding (ONON) vs. Sony (SONY), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for On Holding (ONON) and Sony (SONY). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for On Holding (ONON) and Sony (SONY). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Total Return (1Y)6.10%-2.51%
Total Return (3Y, Annualized)11.24%18.61%
Total Return (5Y, Annualized)-0.38%2.44%

Risk Profile

Drawdown History

ONON
SONY
GSPC
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On Holding (ONON) vs. Sony (SONY), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for On Holding (ONON) and Sony (SONY). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

On Holding (ONON) carries a highly aggressive beta of 2.03, indicating much higher sensitivity to broad-market moves, whereas Sony (SONY) is closer to market-like at 0.96 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Volatility (1Y, Annualized)49.48%29.89%
Beta (5Y)2.030.96
Max Drawdown (5Y)-68.90%-50.56%
Avg. Volume (3M)10.75M4.11M

Risk-Adjusted Performance

Risk-Return Positioning

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ONON and SONY are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Sharpe Ratio (1Y)0.04-0.23
Sortino Ratio (1Y)0.05-0.35

Profitability

ROE (TTM)

On Holding (ONON) at 23.95% sits in the top ROE quartile, while Sony (SONY) at 15.05% is closer to the peer norm — stronger capital efficiency for ONON.

ONON

Consumer Durables & Apparel industry group

23.95%

Max
44.27%
ONON
23.95%
Q3
22.94%
Median
12.36%
Q1
5.76%
Min
-12.76%

SONY

Consumer Durables & Apparel industry group

15.05%

Max
44.27%
Q3
22.94%
SONY
15.05%
Median
12.36%
Q1
5.76%
Min
-12.76%
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On Holding (ONON) vs. Sony (SONY): A comparison of their ROE against the Consumer Durables & Apparel industry group benchmark.

Net Margin (TTM)

Sony (SONY) reports a negative net margin of -1.03%, usually indicating a net loss over the period. Meanwhile On Holding (ONON) reports 12.30%, ranking against industry peers normally.

ONON

Consumer Durables & Apparel industry group

12.30%

Max
19.00%
ONON
12.30%
Q3
9.42%
Median
5.93%
Q1
2.80%
Min
-7.09%

SONY

Consumer Durables & Apparel industry group

-1.03%

Max
19.00%
Q3
9.42%
Median
5.93%
Q1
2.80%
SONY
-1.03%
Min
-7.09%
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On Holding (ONON) vs. Sony (SONY): A comparison of their net margin against the Consumer Durables & Apparel industry group benchmark.

Operating Margin (TTM)

Sony (SONY) at 18.81% operates in the top operating margin quartile, ahead of On Holding (ONON) at 14.02%, which runs around its industry’s norm.

ONON

Consumer Durables & Apparel industry group

14.02%

Max
28.97%
Q3
14.34%
ONON
14.02%
Median
8.77%
Q1
4.05%
Min
-7.88%

SONY

Consumer Durables & Apparel industry group

18.81%

Max
28.97%
SONY
18.81%
Q3
14.34%
Median
8.77%
Q1
4.05%
Min
-7.88%
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On Holding (ONON) vs. Sony (SONY): A comparison of their operating margin against the Consumer Durables & Apparel industry group benchmark.

Profitability Metrics

Profitability metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
ROE (TTM)23.95%15.05%
ROA (TTM)9.58%4.63%
Net Margin (TTM)12.30%-1.03%
Operating Margin (TTM)14.02%18.81%
Gross Margin (TTM)64.82%33.45%

Growth

Revenue Growth

On Holding (ONON) at 30.01% clears its industry range for revenue growth, far stronger top-line momentum than Sony (SONY) at 3.70%, which is closer to a typical peer reading.

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On Holding (ONON) vs. Sony (SONY): A comparison of their Revenue Growth across different time periods.

EPS Growth

On Holding (ONON) at -17.57% is around its peer norm for EPS growth, while Sony (SONY) at -129.11% drops into the bottom quartile, signaling weaker earnings momentum.

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On Holding (ONON) vs. Sony (SONY): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Revenue Growth (YoY)30.01%3.70%
Revenue Growth (3Y CAGR)35.11%4.38%
EPS Growth (YoY)-17.57%-129.11%
EPS Growth (3Y CAGR)50.21%--

Financial Strength

Current Ratio (MRQ)

On Holding (ONON) at 2.83 keeps current ratio within its industry’s typical mid-range, while Sony (SONY) at 1.25 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SONY.

ONON

Consumer Durables & Apparel industry group

2.83

Max
5.48
Q3
3.70
ONON
2.83
Median
2.10
Q1
1.64
Min
0.75

SONY

Consumer Durables & Apparel industry group

1.25

Max
5.48
Q3
3.70
Median
2.10
Q1
1.64
SONY
1.25
Min
0.75
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On Holding (ONON) vs. Sony (SONY): A comparison of their current ratio against the Consumer Durables & Apparel industry group benchmark.

Debt / Equity (MRQ)

Both On Holding (ONON) at 0.29 and Sony (SONY) at 0.23 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ONON

Consumer Durables & Apparel industry group

0.29

Max
2.46
Q3
1.19
Median
0.45
ONON
0.29
Q1
0.23
Min
0.00

SONY

Consumer Durables & Apparel industry group

0.23

Max
2.46
Q3
1.19
Median
0.45
SONY
0.23
Q1
0.23
Min
0.00
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On Holding (ONON) vs. Sony (SONY): A comparison of their debt-to-equity ratio against the Consumer Durables & Apparel industry group benchmark.

Financial Strength Metrics

Financial strength metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Current Ratio (MRQ)2.831.25
Debt / Equity (MRQ)0.290.23
Net Debt / EBITDA-1.380.03

Dividends

Dividend Yield (TTM)

On Holding (ONON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Sony (SONY) reports a yield of 108.93%, ranking against industry peers normally.

ONON

Consumer Durables & Apparel industry group

0.00%

Max
5.10%
Q3
2.20%
Median
0.77%
ONON
0.00%
Q1
0.00%
Min
0.00%

SONY

Consumer Durables & Apparel industry group

108.93%

SONY
108.93%
Max
5.10%
Q3
2.20%
Median
0.77%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Sony (SONY): A comparison of their dividend yield against the Consumer Durables & Apparel industry group benchmark.

Dividend Payout Ratio (TTM)

On Holding (ONON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Sony (SONY) reports a payout of 5.66%, ranking against industry peers normally.

ONON

Consumer Durables & Apparel industry group

0.00%

Max
96.30%
Q3
39.57%
Median
11.11%
ONON
0.00%
Q1
0.00%
Min
0.00%

SONY

Consumer Durables & Apparel industry group

5.66%

Max
96.30%
Q3
39.57%
Median
11.11%
SONY
5.66%
Q1
0.00%
Min
0.00%
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On Holding (ONON) vs. Sony (SONY): A comparison of their payout ratio against the Consumer Durables & Apparel industry group benchmark.

Dividend Metrics

Dividend metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
Dividend Yield (TTM)0.00%108.93%
Dividend Payout Ratio (TTM)0.00%5.66%

Valuation

P/E Ratio (TTM)

Both On Holding (ONON) at 24.91 and Sony (SONY) at 20.15 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ONON

Consumer Durables & Apparel industry group

24.91

Max
40.20
Q3
25.33
ONON
24.91
Median
17.52
Q1
14.50
Min
5.29

SONY

Consumer Durables & Apparel industry group

20.15

Max
40.20
Q3
25.33
SONY
20.15
Median
17.52
Q1
14.50
Min
5.29
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On Holding (ONON) vs. Sony (SONY): A comparison of their P/E ratio against the Consumer Durables & Apparel industry group benchmark.

P/S Ratio (TTM)

Sony (SONY) at 0.01 sits in the cheaper P/S ratio quartile while On Holding (ONON) at 3.88 prices above its industry range — a wide gap in sales valuation between them.

ONON

Consumer Durables & Apparel industry group

3.88

ONON
3.88
Max
3.32
Q3
1.74
Median
1.02
Q1
0.56
Min
0.01

SONY

Consumer Durables & Apparel industry group

0.01

Max
3.32
Q3
1.74
Median
1.02
Q1
0.56
SONY
0.01
Min
0.01
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On Holding (ONON) vs. Sony (SONY): A comparison of their P/S ratio against the Consumer Durables & Apparel industry group benchmark.

P/B Ratio (MRQ)

Sony (SONY) at 2.92 is valued about in line with its industry on P/B ratio, while On Holding (ONON) at 5.38 carries an above-peer premium to book — ONON is pricier on assets.

ONON

Consumer Durables & Apparel industry group

5.38

Max
8.35
ONON
5.38
Q3
4.28
Median
2.11
Q1
1.09
Min
0.49

SONY

Consumer Durables & Apparel industry group

2.92

Max
8.35
Q3
4.28
SONY
2.92
Median
2.11
Q1
1.09
Min
0.49
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On Holding (ONON) vs. Sony (SONY): A comparison of their P/B ratio against the Consumer Durables & Apparel industry group benchmark.

Valuation Metrics

Valuation metrics for On Holding (ONON) and Sony (SONY)
MetricONONSONY
P/E Ratio (TTM)24.9120.15
P/S Ratio (TTM)3.880.01
P/B Ratio (MRQ)5.382.92
Free Cash Flow Yield (TTM)2.31%1,463.31%