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National Vision HoldingsEYE +2.04%73 EV-to-EBITDA is 11.29 as of Aug. 24, 2026, which is 46% below its 10-year median of 20.92. GuruFocus rates EYE with a GF Score™ of 73/100 and a GF Value™ of $22.10 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 953 Retail - Cyclical companies, National Vision Holdings ranks worse than 62.33% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, National Vision Holdings's enterprise value is $2,102 Mil.
National Vision Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $186 Mil. Therefore, National Vision Holdings's EV-to-EBITDA for today is 11.29.
The historical rank and industry rank for National Vision Holdings's EV-to-EBITDA or its related term are showing as below:
EYE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.42 Med: 20.92 Max: 50.74
Current: 11.29
During the past 11 years, the highest EV-to-EBITDA of National Vision Holdings was 50.74. The lowest was 10.42. And the median was 20.92.
EYE's EV-to-EBITDA is ranked worse than 62.33% of 953
companies
in the Retail - Cyclical industry
Industry Median: 8.64
vs EYE: 11.29
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
National Vision Holdings (NAS:EYE) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
National Vision Holdings's PE Ratio (TTM) for today is calculated as:
National Vision Holdings's share price for today is $18.22.
National Vision Holdings's Earnings per Share (Diluted) 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 $0.610.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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.
For the Specialty Retail subindustry, National Vision Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where National Vision Holdings's EV-to-EBITDA falls into.
National Vision Holdings's current Enterprise Value is $2,102 Mil.
National Vision Holdings's EBITDA 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 $186 Mil.
* 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 (EYE) has a EV-to-EBITDA of 11.29 as of Aug. 24, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on National Vision Holdings. This is 46% below median its historical median of 20.92. Over the past decade, National Vision Holdings' EV-to-EBITDA has ranged from 10.42 to 50.74. According to the industry distribution chart, National Vision Holdings ranks #594 out of 953 companies in the Retail - Cyclical industry, placing it in the top 62.3%.
Is National Vision Holdings' EV-to-EBITDA too high?
National Vision Holdings' current EV-to-EBITDA of 11.29 is 46% below median its 10-year median of 20.92. Over the past 10 years, this metric has ranged from a low of 10.42 to a high of 50.74. The Retail - Cyclical industry median EV-to-EBITDA is 8.64. National Vision Holdings' value of 11.29 is 30.7% above this industry median. Based on the distribution chart, National Vision Holdings ranks #594 out of 953 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' EV-to-EBITDA compare to SVV and SBH?
According to the Retail - Cyclical industry distribution chart, National Vision Holdings ranks #594 out of 953 companies for EV-to-EBITDA. This places National Vision Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 8.64. National Vision Holdings' value of 11.29 is 30.7% above this benchmark. Historically, National Vision Holdings' own EV-to-EBITDA has ranged from 10.42 to 50.74 over the past decade. While the company's 10-year median is 20.92 vs. the industry median of 8.64, National Vision Holdings has consistently been above 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 EV-to-EBITDA for a Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 8.64, based on 953 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Vision Holdings's current EV-to-EBITDA of 11.29 is 30.7% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on National Vision Holdings. For the Retail - Cyclical industry, the median EV-to-EBITDA is 8.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Vision Holdings's current EV-to-EBITDA is 11.29, which is 46% below median its own 10-year median of 20.92. 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 $22.10, compared to a current price of $18.22 — trading 17.6% below its estimated fair value. The current EV-to-EBITDA is 11.29, which is 46% below median its 10-year median of 20.92 and 30.7% above the Retail - Cyclical industry median of 8.64. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For National Vision Holdings (EYE), the current EV-to-EBITDA is 11.29 as of Aug. 24, 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 $18.22 is trading 17.6% below its estimated GF Value™ of $22.10.
GuruFocus considers National Vision Holdings to be Modestly Undervalued.
Key valuation signals for EYE:
EV-to-EBITDA: 11.29 (46% below median its 10-year median of 20.92)
GF Value™: $22.10 vs. price of $18.22 (17.6% below fair value)
Industry Position: 30.7% above the Retail - Cyclical median (#594 of 953)
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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