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Stock Comparison · Structural lead, mixed market

LPL Financial Holdings vs On Holding: Which Stock Looks Stronger in 2026?

LPL Financial holds the cleaner structural position, with stability as the main driver and valuation adding further support. 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 result is anchored in stability, but valuation also reinforces the same direction. The overall score gap is 9 points in favour of LPL Financial Holdings Inc..

Trajectory Similarity
0.71
Similar
Peer-set rank: #3
within LPL Financial Holdings Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The match is driven mainly by capital structure and recent revenue growth.

Similarity drivers
capital structurerecent revenue growth
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
LPLA
LPL Financial Holdings Inc.
59
Peer-Score
Signal qualitylow
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: LPLA vs ONON Profitability 59 62 Stability 60 30 Valuation 66 52 Growth 48 50 LPLA ONON
Gap Ranking
#1 Stability +30
#2 Valuation +14
#3 Profitability +3
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LPLA and ONON Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LPLAONON Relative valuation Structural strength

LPL Financial Holdings Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

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

Entry today — historical context

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

BASED ON 4.7-YEAR HISTORY LPLA Elevated · above norm 0th 50th 100th 13 pct gap ONON Neutral · below norm 0th 50th 100th 72nd 59th
LPLA (72nd percentile) and ONON (59th percentile) both sit in the upper-middle of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

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

Relative Position vs Comparable Companies
Stability
On stability, LPL Financial Holdings Inc. is positioned higher in the group, while On Holding AG is closer to the middle.
Valuation
Both rank well on valuation, but LPL Financial Holdings Inc. still sits higher.
Stability — Dominant Gap
LPLA
60
ONON
30
Gap+30in favour of LPLA

The stability gap is wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

On Holding AG still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

Stability is the clearest driver, and valuation also supports LPL Financial Holdings Inc.'s broader structural position.

Explore full peer positioning in AssetNext

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

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Similar stability-driven comparisons

Explore how LPLA 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.