EYE (National Vision Holdings) E10: $0.40 (As of Mar. 2026)

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EYE National Vision Holdings Inc EYE
74 GF Score
Price $20.11
GF Value $23.96
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is National Vision Holdings E10?

National Vision Holdings EYE +4.25% 74 E10 is $0.40 as of Mar. 2026. GuruFocus rates EYE with a GF Score™ of 74/100 and a GF Value™ of $23.96 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

National Vision Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.40 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-07-14), National Vision Holdings's current stock price is $20.11. National Vision Holdings's E10 for the quarter that ended in Mar. 2026 was $0.40. National Vision Holdings's Shiller PE Ratio of today is 50.28.

During the past 11 years, the highest Shiller PE Ratio of National Vision Holdings was 64.20. The lowest was 38.60. And the median was 48.56.


National Vision Holdings  (NAS:EYE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

National Vision Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.11/0.40
=50.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 11 years, the highest Shiller P/E Ratio of National Vision Holdings was 64.20. The lowest was 38.60. And the median was 48.56.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


National Vision Holdings E10 Related Terms


National Vision Holdings E10 Historical Data

* Premium members only.

The historical data trend for National Vision Holdings's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Vision Holdings E10 Chart

National Vision Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

National Vision Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.40

EYE vs WINA, SVV, SBH: E10 Comparison

For the Specialty Retail subindustry, National Vision Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Vision Holdings Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where National Vision Holdings's Shiller PE Ratio falls into.


EYE
74GF Score
National Vision Holdings Inc EYE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Vision Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, National Vision Holdings's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.38/330.2130*330.2130
=0.380

Current CPI (Mar. 2026) = 330.2130.

National Vision Holdings Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 236.525 0.000
201609 0.042 241.428 0.057
201612 -0.154 241.432 -0.211
201703 0.236 243.801 0.320
201706 -0.021 244.955 -0.028
201709 0.021 246.819 0.028
201712 0.390 246.524 0.522
201803 0.310 249.554 0.410
201806 0.160 251.989 0.210
201809 0.060 252.439 0.078
201812 -0.240 251.233 -0.315
201903 0.210 254.202 0.273
201906 0.130 256.143 0.168
201909 0.010 256.759 0.013
201912 0.050 256.974 0.064
202003 0.120 258.115 0.154
202006 -0.550 257.797 -0.704
202009 0.420 260.280 0.533
202012 0.420 260.474 0.532
202103 0.480 264.877 0.598
202106 0.420 271.696 0.510
202109 0.450 274.310 0.542
202112 0.070 278.802 0.083
202203 0.340 287.504 0.391
202206 0.120 296.311 0.134
202209 0.150 296.808 0.167
202212 -0.120 296.797 -0.134
202303 0.220 301.836 0.241
202306 0.070 305.109 0.076
202309 -0.940 307.789 -1.008
202312 -0.200 306.746 -0.215
202403 0.150 312.332 0.159
202406 -0.040 314.175 -0.042
202409 -0.110 315.301 -0.115
202412 -0.360 315.605 -0.377
202503 0.180 319.799 0.186
202506 0.110 322.561 0.113
202509 0.040 324.800 0.041
202512 0.040 324.054 0.041
202603 0.380 330.213 0.380

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.40 mean?
National Vision Holdings (EYE) has a E10 of $0.40 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National Vision Holdings and its competitors.
Is National Vision Holdings' E10 too high?
National Vision Holdings' current E10 is $0.40. Overall, National Vision Holdings has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Vision Holdings' E10 compare to WINA and SVV?
National Vision Holdings' E10 of $0.40 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on National Vision Holdings and its competitors. National Vision Holdings's current E10 is $0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Vision Holdings stock overvalued right now?
Based on GuruFocus' analysis, National Vision Holdings (EYE) is currently considered Modestly Undervalued. The stock's GF Value™ is $23.96, compared to a current price of $20.11 — trading 16.1% below its estimated fair value. The current E10 is $0.40. National Vision Holdings' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For National Vision Holdings (EYE), the current E10 is $0.40 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Vision Holdings (EYE) Overvalued in 2026?

Based on GuruFocus' analysis, National Vision Holdings stock appears to be undervalued. The current stock price of $20.11 is trading 16.1% below its estimated GF Value™ of $23.96. GuruFocus considers National Vision Holdings to be Modestly Undervalued.

Key valuation signals for EYE:

  • E10: $0.40
  • GF Value™: $23.96 vs. price of $20.11 (16.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the EYE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Vision Holdings Business Description

Other Exchanges 7NV:Germany
Address 2435 Commerce Avenue, Building 2200, Duluth, GA, USA, 30096
National Vision Holdings Inc. is an optical retailer in the United States. Its product portfolio includes eyeglasses, sunglasses, contact lenses, accessories, and other related products. The company operates through a single operating segment. The Owned and Host segment includes the company-owned brands America's Best and Eyeglass World. In America's Best stores, vision care services are provided by optometrists or by independent professional corporations. The Host segment consists of Military and Fred Meyer locations, where eye exams are provided by independent optometrists.
74GF Score

Get the complete analysis for EYE

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$20.11
Price
$23.96
GF Value