Verdict: Side-by-side breakdown using the Bull Rankings model. ONON scored 75.5, PVH scored 34.4 — ONON leads.
Compare another set
Different reporting periods. PVH's fundamentals are as of August 2026, but ONON's are as of December 2025 — a 7-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
41.1
ONON leads
PVH
PVH Corp.
Apparel Manufacturing · Quality-Growth
34.4
$81.35 · $3.8B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
Fastest growthONON+30.0%
Strongest balance sheetONON0.29
Highest qualityONON73 / 100
Largest discount to fair valuePVH-43%
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
ONON
stronger →← stronger
PVH
73
Qualityreturns · margins · balance sheet
45
96
Growthrevenue & earnings expansion
28
72
Valuevaluation vs sector peers
33
ONON is stronger on 3 of 3 pillars.
Fundamentals, head-to-head
ONON
PVH
$517mC+
FCF
$715mC+
+30.0%A
Rev
+1.6%C
0.29A-
D/E
0.87B
23.4xC+
P/E
—
0.55A-
PEG
0.06A
—
P/S
0.4xA-
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
PVH
59% above
Price vs fair valuelower is cheaper
43% below
~29%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~-11%/yr
-51%
1-yr DCF upside
+76%
-37%
5-yr DCF upside
+75%
-12%
10-yr DCF upside
+73%
These two disagree on this pair: the Value pillar ranks cheapness against sector peers, while price-vs-fair-value is an absolute read. A name can be the better value in its sector and still the dearer one on cash flows.
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)
PVH
Why this score
Buying back stock
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.
PVHPVH Corp.
Apparel Manufacturing · $81.35 · beta 1.76
Why now
Apparel Manufacturing · market cap $3.8b. 19% off the 52-week high of $100.75. 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 $90.83 (implying +12% upside).
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -1.9%) — path to GAAP profitability is the core thesis risk. Beta 1.76 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. ROE -4% 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.
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 PVH diverge
On the headline score the gap is 41.1 points in favor of ONON. The widest single difference is Growth, where ONON leads by 68.3 points.
GrowthONON 95.8 · PVH 27.5ONON +68.3
ValueONON 71.6 · PVH 32.6ONON +39.0
QualityONON 73.0 · PVH 45.2ONON +27.8
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 PVH the better stock?
ONON scores higher: ONON 75.5, PVH 34.4 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 PVH differ most?
The widest gap is growth, where ONON leads by 68 points on the 0–100 pillar scale. ONON leads all three pillars, so the gap is broad rather than a single-measure difference.
How are ONON and PVH 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.