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National Vision HoldingsEYE +4.25%74 EV-to-FCF is 21.17 as of Jul. 14, 2026, which is 57% below its 10-year median of 49.76. 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. Among 773 Retail - Cyclical companies, National Vision Holdings ranks worse than 64.68% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, National Vision Holdings's Enterprise Value is $2,235 Mil.
National Vision Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $106 Mil. Therefore, National Vision Holdings's EV-to-FCF for today is 21.17.
The historical rank and industry rank for National Vision Holdings's EV-to-FCF or its related term are showing as below:
EYE'
s EV-to-FCF Range Over the Past 10 Years
Min: -1275.65 Med: 49.76 Max: 1588.78
Current: 21.17
During the past 11 years, the highest EV-to-FCF of National Vision Holdings was 1588.78. The lowest was -1275.65. And the median was 49.76.
EYE's EV-to-FCF is ranked worse than 64.68% of 773
companies
in the Retail - Cyclical industry
Industry Median: 14.13
vs EYE: 21.17
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (NAS:EYE) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $20.11.
National Vision Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.570.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
National Vision Holdings EV-to-FCF Related Terms
National Vision Holdings EV-to-FCF Historical Data
* 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where National Vision Holdings's EV-to-FCF falls into.
National Vision Holdings's current Enterprise Value is $2,235 Mil.
National Vision Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $106 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-FCF of 21.17 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Vision Holdings and its competitors. This is 57% below median its historical median of 49.76. According to the industry distribution chart, National Vision Holdings ranks #500 out of 773 companies in the Retail - Cyclical industry, placing it in the top 64.7%.
Is National Vision Holdings' EV-to-FCF too high?
National Vision Holdings' current EV-to-FCF of 21.17 is 57% below median its 10-year median of 49.76. The Retail - Cyclical industry median EV-to-FCF is 14.13. National Vision Holdings' value of 21.17 is 49.8% above this industry median. Based on the distribution chart, National Vision Holdings ranks #500 out of 773 companies in the Retail - Cyclical industry, which is below the industry midpoint. 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' EV-to-FCF compare to WINA and SVV?
According to the Retail - Cyclical industry distribution chart, National Vision Holdings ranks #500 out of 773 companies for EV-to-FCF. This places National Vision Holdings in the lower half of its industry. The industry median EV-to-FCF is 14.13. National Vision Holdings' value of 21.17 is 49.8% above this benchmark. While the company's 10-year median is 49.76 vs. the industry median of 14.13, 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-FCF for a Retail - Cyclical company?
The median EV-to-FCF among Retail - Cyclical companies is 14.13, based on 773 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Vision Holdings's current EV-to-FCF of 21.17 is 49.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on National Vision Holdings and its competitors. For the Retail - Cyclical industry, the median EV-to-FCF is 14.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Vision Holdings's current EV-to-FCF is 21.17, which is 57% below median its own 10-year median of 49.76. 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 EV-to-FCF is 21.17, which is 57% below median its 10-year median of 49.76 and 49.8% above the Retail - Cyclical industry median of 14.13. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For National Vision Holdings (EYE), the current EV-to-FCF is 21.17 as of Jul. 14, 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:
EV-to-FCF: 21.17 (57% below median its 10-year median of 49.76)
GF Value™: $23.96 vs. price of $20.11 (16.1% below fair value)
Industry Position: 49.8% above the Retail - Cyclical median (#500 of 773)
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.
74GF Score
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