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National Vision HoldingsEYE +0.71%73 Earnings Yield (Joel Greenblatt) % is 3.83% as of Jun. 2026, which is 155% above its 10-year median of 1.50. GuruFocus rates EYE with a GF Score™ of 73/100 and a GF Value™ of $22.14 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,128 Retail - Cyclical companies, National Vision Holdings ranks worse than 58.87% on this metric.
National Vision Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was $2,164 Mil.
National Vision Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $83 Mil. National Vision Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 3.83%.
The historical rank and industry rank for National Vision Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
EYE'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.6 Med: 1.5 Max: 4.83
Current: 4.11
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of National Vision Holdings was 4.83%. The lowest was -0.60%. And the median was 1.50%.
EYE's Earnings Yield (Joel Greenblatt) % is ranked worse than 58.87% of 1128
companies
in the Retail - Cyclical industry
Industry Median: 5.61
vs EYE: 4.11
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. National Vision Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was -8.62%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
National Vision Holdings (NAS:EYE) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
National Vision Holdings Earnings Yield (Joel Greenblatt) % Related Terms
National Vision Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for National Vision Holdings's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Retail subindustry, National Vision Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where National Vision Holdings's Earnings Yield (Joel Greenblatt) % falls into.
National Vision Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
National Vision Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
National Vision Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $83 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 3.83% mean?
National Vision Holdings (EYE) has a Earnings Yield (Joel Greenblatt) % of 3.83% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on National Vision Holdings and its competitors. This is 155% above median its historical median of 1.50. According to the industry distribution chart, National Vision Holdings ranks #664 out of 1128 companies in the Retail - Cyclical industry, placing it in the top 58.9%.
Is National Vision Holdings' Earnings Yield (Joel Greenblatt) % too high?
National Vision Holdings' current Earnings Yield (Joel Greenblatt) % of 3.83% is 155% above median its 10-year median of 1.50. The Retail - Cyclical industry median Earnings Yield (Joel Greenblatt) % is 5.61. National Vision Holdings' value of 3.83% is 31.7% below this industry median. Based on the distribution chart, National Vision Holdings ranks #664 out of 1128 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, National Vision Holdings has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Vision Holdings' Earnings Yield (Joel Greenblatt) % compare to ARHS and WINA?
According to the Retail - Cyclical industry distribution chart, National Vision Holdings ranks #664 out of 1128 companies for Earnings Yield (Joel Greenblatt) %. This places National Vision Holdings in the lower half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.61. National Vision Holdings' value of 3.83% is 31.7% below this benchmark. While the company's 10-year median is 1.50 vs. the industry median of 5.61, National Vision Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for a Retail - Cyclical company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Cyclical companies is 5.61, based on 1,128 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Vision Holdings's current Earnings Yield (Joel Greenblatt) % of 3.83% is 31.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on National Vision Holdings and its competitors. For the Retail - Cyclical industry, the median Earnings Yield (Joel Greenblatt) % is 5.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Vision Holdings's current Earnings Yield (Joel Greenblatt) % is 3.83%, which is 155% above median its own 10-year median of 1.50. 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 $22.14, compared to a current price of $17.13 — trading 22.6% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 3.83%, which is 155% above median its 10-year median of 1.50 and 31.7% below the Retail - Cyclical industry median of 5.61. National Vision Holdings' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For National Vision Holdings (EYE), the current Earnings Yield (Joel Greenblatt) % is 3.83% as of Jun. 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 $17.13 is trading 22.6% below its estimated GF Value™ of $22.14.
GuruFocus considers National Vision Holdings to be Modestly Undervalued.
Key valuation signals for EYE:
Earnings Yield (Joel Greenblatt) %: 3.83% (155% above median its 10-year median of 1.50)
GF Value™: $22.14 vs. price of $17.13 (22.6% below fair value)
Industry Position: 31.7% below the Retail - Cyclical median (#664 of 1128)
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 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.
73GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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