# National Vision Holdings Inc. (EYE) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Specialty Retail. Price $16.74, market value $1.3 billion.

## Valuation
- **P/E (trailing): 27.0×** (5-yr avg 59.4×, 3-yr avg 70.1×). National Vision Holdings Inc. trades at 27.0× trailing earnings, well below its own five-year average of 59.4×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 13.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.07**. A PEG of 0.07 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.7×**. Enterprise value is 8.7× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 3.7%** (5-yr avg 3.1%). Free cash flow equals 3.7% of the market value, above its five-year average of 3.1%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Operating margin: 4.1%**. 4.1% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 1.5%**. 1.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.4%**. 3.4% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.1%**. Return on all capital, debt included, is 6.1%.
- **Return on assets: 2.5%**. Each dollar of assets produces 2.5% of profit.

## Growth
- **Revenue growth (1 yr): 9.0%** (3-yr 6.5%/yr, 5-yr 3.0%/yr). Revenue grew 9.0% over the last year, against 3.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 202.8%** (3-yr -10.7%/yr, 5-yr -3.4%/yr). Earnings per share rose 202.8%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 135.1%/yr**. Free cash flow has compounded at 135.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.27**. Debt is 0.27 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. National Vision Holdings Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover National Vision Holdings Inc.; the consensus is buy, with an average price target of $28.73 (+72% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -27.6%** (YTD -35.2%, 3-mo 8.4%). The shares are down 27.6% over twelve months including dividends.
- **From 52-week high: -44.2%** (13.5% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 31**. An RSI of 31 is neutral.
- **Beta (1 yr): 1.21** (volatility 51%). Beta of 1.21 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EYE · Page: https://foliofundamentals.com/stocks/eye

Not investment advice.