Verdict: Side-by-side breakdown using the Bull Rankings model. ONON scored 75.5, LEVI scored 69.1 — ONON leads.
Compare another set
Different reporting periods. LEVI's fundamentals are as of August 2026, but ONON's are as of December 2025 — a 8-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
ONON
On Holding AG
Footwear & Accessories · Quality-Growth
75.5
$35.09 · $11.7B
fundamentals as of
Score gap
6.4
ONON leads
LEVI
Levi Strauss & Co.
Apparel Manufacturing · Quality-Growth
69.1
$18.70 · $7.2B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestLEVI12.3x
Fastest growthONON+30.0%
Strongest balance sheetONON0.29
Highest qualityLEVI75 / 100
Largest discount to fair valueLEVI-13%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
ONON
stronger →← stronger
LEVI
73
Qualityreturns · margins · balance sheet
75
96
Growthrevenue & earnings expansion
65
72
Valuevaluation vs sector peers
68
ONON is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
ONON
LEVI
$517mC+
FCF
$643mC+
+30.0%A
Rev
+6.6%C+
0.29A-
D/E
0.97B
23.4xC+
P/E
12.3xA-
0.55A-
PEG
1.68C+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
ONON
LEVI
59% above
Price vs fair valuelower is cheaper
13% below
~29%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~2%/yr
-51%
1-yr DCF upside
+10%
-37%
5-yr DCF upside
+15%
-12%
10-yr DCF upside
+21%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
ONON
Why this score
Durable high returns
Diluting shareholders
Foreign reporter (CHF)
LEVI
Why this score
Raising its dividend
The companies
ONONOn Holding AG
Footwear & Accessories · $35.09 · beta 2.08
Why now
Footwear & Accessories · market cap $11.7b. Down 31% from 52-week high of $51.08 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.55 — paying under fair value for the growth rate. 30 sell-side analysts rate this a Buy with a mean 1-yr target of $43.50 (implying +24% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. FCF converts 108% of net income — earnings translate cleanly into cash.
Risk
Down 31% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.08 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
LEVILevi Strauss & Co.
Apparel Manufacturing · $18.70 · beta 1.32
Why now
Apparel Manufacturing · market cap $7.2b. Down 27% from 52-week high of $25.70 — deep drawdown territory. 15 sell-side analysts rate this a Buy with a mean 1-yr target of $26.80 (implying +43% upside).
Moat
ROE 24% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. FCF converts 109% of net income — earnings translate cleanly into cash.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where ONON and LEVI diverge
On the headline score the gap is 6.4 points in favor of ONON. The widest single difference is Growth, where ONON leads by 31.1 points.
GrowthONON 95.8 · LEVI 64.7ONON +31.1
ValueONON 71.6 · LEVI 67.9ONON +3.7
QualityONON 73.0 · LEVI 75.2level
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is ONON or LEVI the better stock?
ONON scores higher: ONON 75.5, LEVI 69.1 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do ONON and LEVI differ most?
The widest gap is growth, where ONON leads by 31 points on the 0–100 pillar scale. ONON also leads value, while quality is effectively level between them.
How are ONON and LEVI scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.