On Holding Ltd (ONON) — Quality & forensics

As of 2026-09-18 — refreshed nightly. Closelook readings from an investment research diary, not ratings or advice.

The Closelook module scores

57 /100 composite · 7 modules · general weight set

Valuation 60
Quality 69
Growth 59
Balance sheet 79
Cash quality 65
Capital allocation 40
Momentum 5

Scores are computed nightly across the coverage universe and read relative to it — the methodology lives in the company-scoring explainer.

Financial forensics — the academic screens

6.72 Altman Z-Score

Sits in the safe zone (above 2.99). The Z-Score estimates financial-distress risk from five balance-sheet and earnings ratios.

7/8 Piotroski F-Score

Nine binary fundamental-strength checks across profitability, leverage and operating efficiency.

-2.78 Beneish M-Score

Screens reported earnings for statistical manipulation patterns — below the −1.78 manipulation-risk threshold. A screen, not an accusation.

Continue: the ONON chart & overview · the earnings record

FAQ · from the current data · as of 2026-09-18

Quick answers

What is On Holding Ltd's Closelook quality reading?

The composite reads 57/100 across 7 modules, as of 2026-09-18: valuation 60, quality 69, growth 59, balance sheet 79, cash quality 65, capital allocation 40, momentum 5. Closelook scores are research diary readings, not ratings or investment advice.

What is On Holding Ltd's Altman Z-Score?

6.72, which sits in the safe zone (above 2.99) as of 2026-09-18. The Altman Z-Score estimates financial distress risk from five balance-sheet and earnings ratios.

What is On Holding Ltd's Piotroski F-Score?

7 of 8, as of 2026-09-18. The F-Score counts nine binary fundamental-strength signals across profitability, leverage and operating efficiency.

What does On Holding Ltd's Beneish M-Score indicate?

-2.78 — below the −1.78 manipulation-risk threshold, as of 2026-09-18. The M-Score screens reported earnings for statistical manipulation patterns; it is a screen, not an accusation.

Mentioned on Closelook

Where ONON appears in the diary — 2 pieces, newest first. Every link is our own writing.

Dailies

The referendum passes at midday — neoclouds vertical, semis re-bid, and the yen refuses to stand downMidday 10 · 12 Aug 2026The punished and paid printers of the last two sessions are settling rather than extending: ONON −0.4% holding just under 31, stabilising above 30 without a downgrade wave — the 'different class of verdict' branch not yet triggered; MNDY…
Flat tape, crushed vol — the market has pre-decided CPI while the morning's printers get sortedMidday 10 · 11 Aug 2026ONON drops 18.7% to 31.53 by midday — a post-print move: On Holding reported before the open (confirmed) and the session sold it through its 50-day average, which it had entered the day above.

Related in the Closelook universe

same Closelook index seat first, then Footwear & Accessories, then Consumer Cyclical. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.