Stocktoria

National Vision Holdings, Inc. EYE

Nasdaq · stock · Ophthalmic Goods · website · IPO 2017-10-26 · LEI

National Vision Holdings, Inc. statistics & valuation

P / E51.0×
P / S0.8×
P / B1.7×
P / FCF20.6×
Net margin1.5%
FCF margin3.7%
Net debt$197.8M
Net debt / EBITDA1.3×
Enterprise value USD$1.7B
EV / EBITDA11.4×
Earnings yield EBIT/EV3.4%
Return on capital3.7%
Graham number -51.4%$9.48

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($9.48); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
1.10% 3.10% 1.50% 1.90% 2.10% 6.20% 2.60% -3.80% -1.60% 1.50% 2016201720182019202120222022202320242026
Gross margin (%)
2016201720182019202120222022202320242026
Operating margin (%)
5.40% 4.70% 2.80% 4.30% 5.10% 8.40% 3.20% 1.40% -0.60% 3.00% 2016201720182019202120222022202320242026
Return on equity (%)
3.30% 6.60% 3.20% 4.20% 4.00% 13.80% 4.70% -7.90% -3.50% 3.40% 2016201720182019202120222022202320242026
Shares outstanding
57.0M 74.7M 79.0M 81.7M 82.8M 96.1M 80.3M 78.6M 78.8M 80.6M 2016201720182019202120222022202320242026
Net debt ($)
$497.1M $250.7M $237.8M $316.8M $295.3M $263.2M $197.8M 2016201720182019202120222022202320242026
Share buybacks ($)
2016201720182019202120222022202320242026
Return on assets (%)
0.90% 2.70% 1.40% 1.60% 1.60% 5.60% 1.80% -3.00% -1.40% 1.50% 2016201720182019202120222022202320242026
Free cash flow margin (%)
0.60% -0.20% 0.10% 3.70% 9.20% 7.90% 0.30% 3.30% 2.10% 3.70% 2016201720182019202120222022202320242026
Debt / equity (×)
0.69× 0.69× 0.59× 0.61× 0.54× 0.41× 0.27× 2016201720182019202120222022202320242026
EPS ($)
$0.23 $0.70 $0.30 $0.40 $0.44 $1.43 $0.52 -$0.84 -$0.36 $0.37 2016201720182019202120222022202320242026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

National Vision Holdings, Inc. trades at about 52.7× earnings — below its 10-year norm (10-year range 28.6×–105.9×, median 79×).

28.6× 105.9×

Shaded band = 10-year range (28.6×–105.9×); dot = today's 52.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2024FY2023FY2022FY2022FY2021FY2019FY2018FY2017FY2016
Operating margin3.0%-0.6%1.4%3.2%8.4%5.1%4.3%2.8%4.7%5.4%
Net margin1.5%-1.6%-3.8%2.6%6.2%2.1%1.9%1.5%3.1%1.1%
FCF margin3.7%2.1%3.3%0.3%7.9%9.2%3.7%0.1%-0.2%0.6%
Return on assets1.5%-1.4%-3.0%1.8%5.6%1.6%1.6%1.4%2.7%0.9%
Return on equity3.4%-3.5%-7.9%4.7%13.8%4.0%4.2%3.2%6.6%3.3%
Debt / equity0.27×0.41×0.54×0.61×0.59×0.69×0.69×
Current ratio0.550.531.001.381.501.720.861.010.770.74

Computed from company filings · US · as of 2026-01-03. Facts plus Stocktoria's own computed scores — not investment advice.