ArcelorMittal SA vs ON Holding AG — how do they compare? ArcelorMittal SA trades at $64.02 (market cap $47.06B), while ON Holding AG trades at $33.96 (market cap $11.10B). The key difference: ArcelorMittal SA is far larger — about 4.2× ON Holding AG's market cap, and ArcelorMittal SA pays a 0.96% dividend while ON Holding AG pays none. Which is the better fit depends on your goals — on Pluang, investors hold ArcelorMittal SA for 36 Days and ON Holding AG for 22 Days on average.
| MT | ONON | |
|---|---|---|
Market Cap | $47.06B | $11.10B |
Volume | 1,545,197 | 8,202,649 |
Sector | Basic Materials | Consumer Cyclical |
52-Week High | $78.74 | $50.63 |
52-Week Low | $36.91 | $26.76 |
Typical Hold Time | 36 Days | 22 Days |
Enterprise Value | $56.63B | $10.26B |
Dividend Yield | 0.96% | — |
Signals from Pluang's Aura AI — not financial advice
ArcelorMittal (MT) trades at $61.30, down 5.97% amid bearish technical signals and recent Ukraine plant impairment concerns. The stock shows mixed fundamentals with attractive valuation metrics (P/S 0.76, P/B 0.86) but declining revenue trends from $79.8B in 2022 to $61.4B in 2025. Recent Q2 2026 earnings missed expectations, though management expects stronger second-half performance supported by European demand recovery and strategic investments.
While analyst consensus remains bullish with a $74.33 price target (52% buy ratings), significant risks include ongoing Ukraine operations disruption, $1B impairment charge, and China demand weakness. The current price near support levels presents potential entry point for value investors, but requires careful monitoring of European recovery execution and geopolitical stability.
ONON trades at $33.22, up 0.27% with a bullish technical outlook supported by moving averages. The company demonstrates strong fundamentals with Q2 2026 EPS beating expectations at $0.44 vs. $0.42, maintaining a three-quarter beat streak. Recent investor day announcements include a $1 billion buyback program and ambitious 2029 targets of CHF 5.6B in sales with 22% EBITDA margins, driving positive sentiment.
The stock offers growth potential with 74% analyst buy ratings and a $42.26 consensus target, representing 27% upside. Key risks include elevated valuation multiples (P/E 23.41, P/S 5.52) and competitive pressure in footwear. Strong cash flow generation ($359.5M operating cash flow in 2025) supports the buyback and expansion plans.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA
Read more on MT →ON Holding AG is a Swiss sports company primarily known for its high-performance running shoes, apparel, and accessories under the 'On' brand. The company emphasizes a blend of high-end design, proprietary cloud technology (like CloudTec cushioning), and sustainability in its products. On has rapidly gained market share globally, appealing to both competitive athletes and general consumers in the performance and lifestyle footwear segments.
Read more on ONON →