NATIONAL VISION HOLDINGS INC (EYE) Fundamental Analysis & Valuation
NASDAQ:EYE • US63845R1077
27.32 USD
+0.54 (+2.02%)
Last: Mar 10, 2026, 12:45 PM
This EYE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to EYE. EYE was compared to 124 industry peers in the Specialty Retail industry. Both the profitability and the financial health of EYE get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, EYE is valued expensive at the moment.
1. EYE Profitability Analysis
1.1 Basic Checks
- EYE had positive earnings in the past year.
- EYE had a positive operating cash flow in the past year.
- In multiple years EYE reported negative net income over the last 5 years.
- In the past 5 years EYE always reported a positive cash flow from operatings.
1.2 Ratios
- With a Return On Assets value of 1.49%, EYE perfoms like the industry average, outperforming 54.84% of the companies in the same industry.
- EYE has a Return On Equity of 3.40%. This is comparable to the rest of the industry: EYE outperforms 58.87% of its industry peers.
- EYE's Return On Invested Capital of 3.13% is in line compared to the rest of the industry. EYE outperforms 52.42% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for EYE is significantly below the industry average of 13.57%.
- The last Return On Invested Capital (3.13%) for EYE is above the 3 year average (2.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 3.4% | ||
| ROIC | 3.13% |
ROA(3y)-0.99%
ROA(5y)0.89%
ROE(3y)-2.68%
ROE(5y)2.1%
ROIC(3y)2.03%
ROIC(5y)2.99%
1.3 Margins
- Looking at the Profit Margin, with a value of 1.49%, EYE is in line with its industry, outperforming 58.06% of the companies in the same industry.
- In the last couple of years the Profit Margin of EYE has declined.
- EYE has a Operating Margin of 3.48%. This is comparable to the rest of the industry: EYE outperforms 58.87% of its industry peers.
- EYE's Operating Margin has declined in the last couple of years.
- EYE has a better Gross Margin (58.77%) than 87.10% of its industry peers.
- EYE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.48% | ||
| PM (TTM) | 1.49% | ||
| GM | 58.77% |
OM growth 3Y2.39%
OM growth 5Y-13.36%
PM growth 3Y-10.81%
PM growth 5Y-6.82%
GM growth 3Y2.96%
GM growth 5Y1.69%
2. EYE Health Analysis
2.1 Basic Checks
- EYE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- EYE has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for EYE has been reduced compared to 5 years ago.
- Compared to 1 year ago, EYE has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.33 indicates that EYE is not a great score, but indicates only limited risk for bankruptcy at the moment.
- The Altman-Z score of EYE (2.33) is comparable to the rest of the industry.
- EYE has a debt to FCF ratio of 3.35. This is a good value and a sign of high solvency as EYE would need 3.35 years to pay back of all of its debts.
- The Debt to FCF ratio of EYE (3.35) is better than 72.58% of its industry peers.
- A Debt/Equity ratio of 0.26 indicates that EYE is not too dependend on debt financing.
- The Debt to Equity ratio of EYE (0.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.35 | ||
| Altman-Z | 2.33 |
ROIC/WACC0.33
WACC9.54%
2.3 Liquidity
- A Current Ratio of 0.55 indicates that EYE may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.55, EYE is doing worse than 88.71% of the companies in the same industry.
- EYE has a Quick Ratio of 0.55. This is a bad value and indicates that EYE is not financially healthy enough and could expect problems in meeting its short term obligations.
- EYE's Quick ratio of 0.33 is on the low side compared to the rest of the industry. EYE is outperformed by 66.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.33 |
3. EYE Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 45.45% over the past year.
- The Earnings Per Share has been decreasing by -1.44% on average over the past years.
- EYE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.00%.
- Measured over the past years, EYE shows a small growth in Revenue. The Revenue has been growing by 3.03% on average per year.
EPS 1Y (TTM)45.45%
EPS 3Y9.46%
EPS 5Y-1.44%
EPS Q2Q%475%
Revenue 1Y (TTM)9%
Revenue growth 3Y-0.3%
Revenue growth 5Y3.03%
Sales Q2Q%15.12%
3.2 Future
- The Earnings Per Share is expected to grow by 19.12% on average over the next years. This is quite good.
- The Revenue is expected to grow by 5.81% on average over the next years.
EPS Next Y16.61%
EPS Next 2Y19.69%
EPS Next 3Y20.04%
EPS Next 5Y19.12%
Revenue Next Year4.9%
Revenue Next 2Y5.43%
Revenue Next 3Y5.63%
Revenue Next 5Y5.81%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. EYE Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 34.15, the valuation of EYE can be described as expensive.
- EYE's Price/Earnings is on the same level as the industry average.
- EYE's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.45.
- The Price/Forward Earnings ratio is 29.29, which means the current valuation is very expensive for EYE.
- EYE's Price/Forward Earnings is on the same level as the industry average.
- EYE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.15 | ||
| Fwd PE | 29.29 |
4.2 Price Multiples
- EYE's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, EYE is valued a bit cheaper than 61.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.5 | ||
| EV/EBITDA | 14.54 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- EYE's earnings are expected to grow with 20.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.06
PEG (5Y)N/A
EPS Next 2Y19.69%
EPS Next 3Y20.04%
5. EYE Dividend Analysis
5.1 Amount
- EYE does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
EYE Fundamentals: All Metrics, Ratios and Statistics
NASDAQ:EYE (3/10/2026, 12:45:07 PM)
27.32
+0.54 (+2.02%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)03-04 2026-03-04/bmo
Earnings (Next)05-05 2026-05-05
Inst Owners119.33%
Inst Owner Change3.52%
Ins Owners1.94%
Ins Owner Change12.86%
Market Cap2.17B
Revenue(TTM)1.99B
Net Income(TTM)29.60M
Analysts81.33
Price Target33.97 (24.34%)
Short Float %12.73%
Short Ratio8.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)72.44%
Min EPS beat(2)-1.54%
Max EPS beat(2)146.42%
EPS beat(4)3
Avg EPS beat(4)46.16%
Min EPS beat(4)-1.54%
Max EPS beat(4)146.42%
EPS beat(8)7
Avg EPS beat(8)46.08%
EPS beat(12)11
Avg EPS beat(12)45.79%
EPS beat(16)14
Avg EPS beat(16)36.31%
Revenue beat(2)2
Avg Revenue beat(2)1.24%
Min Revenue beat(2)0.63%
Max Revenue beat(2)1.85%
Revenue beat(4)4
Avg Revenue beat(4)1.34%
Min Revenue beat(4)0.41%
Max Revenue beat(4)2.49%
Revenue beat(8)4
Avg Revenue beat(8)0.01%
Revenue beat(12)7
Avg Revenue beat(12)0.02%
Revenue beat(16)8
Avg Revenue beat(16)-0.29%
PT rev (1m)0%
PT rev (3m)1.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.1%
EPS NY rev (1m)0%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.15 | ||
| Fwd PE | 29.29 | ||
| P/S | 1.09 | ||
| P/FCF | 29.5 | ||
| P/OCF | 14.81 | ||
| P/B | 2.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.54 |
EPS(TTM)0.8
EY2.93%
EPS(NY)0.93
Fwd EY3.41%
FCF(TTM)0.93
FCFY3.39%
OCF(TTM)1.84
OCFY6.75%
SpS25.06
BVpS10.96
TBVpS-1
PEG (NY)2.06
PEG (5Y)N/A
Graham Number14.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.49% | ||
| ROE | 3.4% | ||
| ROCE | 4.4% | ||
| ROIC | 3.13% | ||
| ROICexc | 3.2% | ||
| ROICexgc | 8.41% | ||
| OM | 3.48% | ||
| PM (TTM) | 1.49% | ||
| GM | 58.77% | ||
| FCFM | 3.7% |
ROA(3y)-0.99%
ROA(5y)0.89%
ROE(3y)-2.68%
ROE(5y)2.1%
ROIC(3y)2.03%
ROIC(5y)2.99%
ROICexc(3y)2.12%
ROICexc(5y)3.35%
ROICexgc(3y)5.64%
ROICexgc(5y)9.12%
ROCE(3y)2.85%
ROCE(5y)4.21%
ROICexgc growth 3Y6.59%
ROICexgc growth 5Y-11.38%
ROICexc growth 3Y6.03%
ROICexc growth 5Y-9.62%
OM growth 3Y2.39%
OM growth 5Y-13.36%
PM growth 3Y-10.81%
PM growth 5Y-6.82%
GM growth 3Y2.96%
GM growth 5Y1.69%
F-Score8
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 3.35 | ||
| Debt/EBITDA | 1.43 | ||
| Cap/Depr | 79.91% | ||
| Cap/Sales | 3.66% | ||
| Interest Coverage | 3.62 | ||
| Cash Conversion | 91.26% | ||
| Profit Quality | 248.15% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z | 2.33 |
F-Score8
WACC9.54%
ROIC/WACC0.33
Cap/Depr(3y)98.71%
Cap/Depr(5y)101.6%
Cap/Sales(3y)5.15%
Cap/Sales(5y)5.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)45.45%
EPS 3Y9.46%
EPS 5Y-1.44%
EPS Q2Q%475%
EPS Next Y16.61%
EPS Next 2Y19.69%
EPS Next 3Y20.04%
EPS Next 5Y19.12%
Revenue 1Y (TTM)9%
Revenue growth 3Y-0.3%
Revenue growth 5Y3.03%
Sales Q2Q%15.12%
Revenue Next Year4.9%
Revenue Next 2Y5.43%
Revenue Next 3Y5.63%
Revenue Next 5Y5.81%
EBIT growth 1Y72.85%
EBIT growth 3Y2.08%
EBIT growth 5Y-10.74%
EBIT Next Year134.24%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y92.57%
FCF growth 3Y134.45%
FCF growth 5Y-14.22%
OCF growth 1Y9.46%
OCF growth 3Y7.07%
OCF growth 5Y-9.04%
NATIONAL VISION HOLDINGS INC / EYE FAQ
What is the fundamental rating for EYE stock?
ChartMill assigns a fundamental rating of 4 / 10 to EYE.
What is the valuation status for EYE stock?
ChartMill assigns a valuation rating of 3 / 10 to NATIONAL VISION HOLDINGS INC (EYE). This can be considered as Overvalued.
Can you provide the profitability details for NATIONAL VISION HOLDINGS INC?
NATIONAL VISION HOLDINGS INC (EYE) has a profitability rating of 5 / 10.
What is the valuation of NATIONAL VISION HOLDINGS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for NATIONAL VISION HOLDINGS INC (EYE) is 34.15 and the Price/Book (PB) ratio is 2.49.
Can you provide the financial health for EYE stock?
The financial health rating of NATIONAL VISION HOLDINGS INC (EYE) is 4 / 10.