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Stock Comparison · Structural lead, mixed market

Globus Medical vs On Holding: Which Stock Looks Stronger in 2026?

Globus Medical holds the cleaner structural position, with the lead spread across growth and valuation. On does not offset that deficit through any equally strong structural edge elsewhere. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-05-17

The lead is spread across growth and valuation, rather than sitting in one isolated gap. Globus Medical, Inc. leads by 24 points on the overall comparison score.

Trajectory Similarity
0.62
Moderately similar
Peer-set rank: #6
within Globus Medical, Inc.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The match is driven mainly by investment intensity and revenue growth trajectory.

Similarity drivers
investment intensityrevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
GMED
Globus Medical, Inc.
74
Peer-Score
Signal qualityHigh
Peer basis: Russell 1000
vs
ONON
On Holding AG
50
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: GMED vs ONON Profitability 72 62 Stability 39 30 Valuation 86 52 Growth 95 50 GMED ONON
Gap Ranking
#1 Growth +45
#2 Valuation +34
#3 Profitability +10
#4 Stability +9
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for GMED and ONON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer GMEDONON Relative valuation Structural strength

Globus Medical, Inc. looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where GMED and ONON each sit in their own 4.7-year price and valuation history.

BASED ON 4.7-YEAR HISTORY GMED Elevated · below norm 0th 50th 100th 15 pct gap ONON Neutral · below norm 0th 50th 100th 74th 59th
Today ONON sits in the upper-middle of its own 5-year history (59th percentile), while GMED sits higher in its own history (74th). Within each stock's own 5-year context, ONON is at a historically more favourable entry position than GMED. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but Globus Medical, Inc. leads clearly.
Valuation
On valuation, the edge is clear — both rank well, but Globus Medical, Inc. sits noticeably higher.
Growth — Dominant Gap
GMED
95
ONON
50
Gap+45in favour of GMED

Earnings growth is one contributing factor within the growth lead.

What keeps the gap from being one-sided

Stability is the one area where On Holding AG still pushes back materially — it is the steadier name on this dimension, which keeps the result from reading as one-way.

What this means for the comparison

The lead is built on both growth and valuation, making it broader than a single-dimension result.

Explore full peer positioning in AssetNext

Break down the GMED vs ONON comparison across all dimensions with the full interactive tool.

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Similar growth-and-valuation comparisons

Explore how GMED and ONON each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.