COMPARE · Data as of August 24, 2026

ONON vs PVH

Verdict: Side-by-side breakdown using the Bull Rankings model. ONON scored 74.9, PVH scored 54.2 — ONON leads.
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Different reporting periods. PVH's fundamentals are as of May 2026, but ONON's are as of December 2025 — a 4-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
74.9
$30.02 · $10.0B
fundamentals as of
Score gap
20.7
ONON leads
PVH
PVH Corp.
Apparel Manufacturing · Quality-Growth
54.2
$77.03 · $3.6B
fundamentals as of
  • CheapestONON20.3x
  • Fastest growthONON+30.0%
  • Strongest balance sheetONON0.29
  • Highest qualityONON71 / 100
  • Largest discount to fair valuePVH-33%
THE BULL RANKINGS SCORECARD74.9/ 100 · BULL SCOREPEER MEDIANQUALITY71.0GROWTH95.8VALUE72.2
THE BULL RANKINGS SCORECARD54.2/ 100 · BULL SCOREPEER MEDIANQUALITY52.1GROWTH41.0VALUE74.8
ONONPVHQuality71.052.1Growth95.841.0Value72.274.8
cheap & fastrevenue growth →← cheaper (lower multiple)-6%40%15x29xONONPVH

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.

FCFONON$396mPVH$551m
RevONON+30.0%PVH+3.5%
D/EONON0.29PVH0.86
P/EONON20.3xPVH23.8x
PEGONON0.59PVH0.06
ONON
stronger →← stronger
PVH
71
Qualityreturns · margins · balance sheet
52
96
Growthrevenue & earnings expansion
41
72
Valuevaluation vs sector peers
75
ONON is stronger on 2 of 3 pillars.
ONON
PVH
$396mC
FCF
$551mC+
+30.0%A
Rev
+3.5%C+
0.29A-
D/E
0.86B
20.3xB
P/E
23.8xC+
0.59A-
PEG
0.06A
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.
ONON
PVH
112% above
Price vs fair valuelower is cheaper
33% below
~33%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-6%/yr
-61%
1-yr DCF upside
+46%
-53%
5-yr DCF upside
+48%
-39%
10-yr DCF upside
+52%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
ONON
Why this score
  • Durable high returns
  • Diluting shareholders
  • Foreign reporter (CHF)
PVH
Why this score
  • Buying back stock
ONONOn Holding AG
Footwear & Accessories · $30.02 · beta 2.12
Why now
Footwear & Accessories · market cap $10.0b. Down 41% from 52-week high of $51.08 — deep drawdown territory. Revenue growing +30% — in hypergrowth territory. PEG 0.59 — paying under fair value for the growth rate. 27 sell-side analysts rate this a Buy with a mean 1-yr target of $45.56 (implying +52% upside).
Moat
ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Down 41% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 2.12 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
PVHPVH Corp.
Apparel Manufacturing · $77.03 · beta 1.75
Why now
Apparel Manufacturing · market cap $3.6b. Down 24% from 52-week high of $100.75 — deep drawdown territory. PEG 0.06 — paying under fair value for the growth rate. 12 sell-side analysts rate this a Buy with a mean 1-yr target of $91.83 (implying +19% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Beta 1.75 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Net margin 1.8% is thin — operating leverage cuts both ways; input-cost inflation or pricing pressure hits the bottom line first. ROE 3% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate.
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 PVH diverge

On the headline score the gap is 20.7 points in favor of ONON. The widest single difference is Growth, where ONON leads by 54.8 points.

Pillars run 0–100 against sector peers, so a 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.