ON Holding AG vs Tenaris S.A. American Depositary Shares — how do they compare? ON Holding AG trades at $35.43 (market cap $11.86B), while Tenaris S.A. American Depositary Shares trades at $57.76 (market cap $29.55B). The key difference: Tenaris S.A. American Depositary Shares is far larger — about 2.5× ON Holding AG's market cap, and Tenaris S.A. American Depositary Shares pays a 4.09% dividend while ON Holding AG pays none. Which is the better fit depends on your goals — on Pluang, investors hold ON Holding AG for 24 Days and Tenaris S.A. American Depositary Shares for 0 Days on average.
| ONON | TS | |
|---|---|---|
Market Cap | $11.86B | $29.55B |
Volume | 10,043,743 | 755,655 |
Sector | Consumer Cyclical | Energy |
52-Week High | $50.63 | $64.02 |
52-Week Low | $26.76 | $34.28 |
Typical Hold Time | 24 Days | 0 Days |
Enterprise Value | $11.03B | $27.21B |
Dividend Yield | — | 4.09% |
Signals from Pluang's Aura AI — not financial advice
ONON trades at $35.49, up 0.4% on the day, with a bullish technical signal from moving averages but overbought RSI readings. The company reported strong Q2 2026 earnings, beating estimates with EPS of $0.44, and announced a $1 billion share buyback program through 2029 alongside ambitious long-term growth targets. Revenue for 2025 was $3.01 billion with a net income margin of 12.3% and robust cash flow from operations of $359.5 million.
The outlook is positive, driven by earnings momentum, strategic expansion, and shareholder returns, but risks include high valuation multiples and competitive pressures. Analyst consensus is strongly bullish with a $42.26 price target, suggesting potential upside from current levels.
Tenaris (TS) trades at $58.54, up 0.84% with neutral technical signals and strong fundamental metrics including a P/E of 15.65 and net income margin of 15.88%. Recent earnings beats and a $1.18 dividend support investor confidence, though cash flow trends show modest net outflows. The stock faces near-term headwinds from shipment delays and margin compression as noted in recent analyst reports.
The outlook remains balanced with analyst consensus favoring Buy (57.69%) and a $66.67 price target suggesting 14% upside. Key risks include cyclical energy sector exposure and operational disruptions, but solid profitability and valuation support make TS attractive for dividend and value investors seeking energy sector exposure.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
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 →Tenaris S.A. manufactures seamless and welded steel pipe products, including casing, tubing, and line pipe, for the oil and gas industry and certain industrial applications. The company operates an integrated production network across 17 countries and offers Rig Direct, its integrated supply-chain service for oilfield customers.
Read more on TS →