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National Vision HoldingsEYE +4.25%74 Net Margin % is 5.73% as of Mar. 2026, which is 233% above its 10-year median of 1.72. 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 1,123 Retail - Cyclical companies, National Vision Holdings ranks better than 50.04% on this metric.
The historical rank and industry rank for National Vision Holdings's Net Margin % or its related term are showing as below:
EYE'
s Net Margin % Range Over the Past 10 Years
Min: -3.75 Med: 1.72 Max: 6.17
Current: 2.31
EYE's Net Margin % is ranked better than 50.04% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 2.31
vs EYE: 2.31
National Vision Holdings (NAS:EYE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
National Vision Holdings Net Margin % Related Terms
National Vision Holdings Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where National Vision Holdings's Net Margin % falls into.
* 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 Net Margin % of 5.73% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on National Vision Holdings and its competitors. This is 233% above median its historical median of 1.72. According to the industry distribution chart, National Vision Holdings ranks #561 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 50%.
Is National Vision Holdings' Net Margin % too high?
National Vision Holdings' current Net Margin % of 5.73% is 233% above median its 10-year median of 1.72. The Retail - Cyclical industry median Net Margin % is 2.31. National Vision Holdings' value of 5.73% is 148.1% above this industry median. Based on the distribution chart, National Vision Holdings ranks #561 out of 1123 companies in the Retail - Cyclical industry, which is above 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' Net Margin % compare to WINA and SVV?
According to the Retail - Cyclical industry distribution chart, National Vision Holdings ranks #561 out of 1123 companies for Net Margin %. This puts National Vision Holdings in the upper half of its industry. The industry median Net Margin % is 2.31. National Vision Holdings' value of 5.73% is 148.1% above this benchmark. While the company's 10-year median is 1.72 vs. the industry median of 2.31, 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 Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.31, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Vision Holdings's current Net Margin % of 5.73% is 148.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on National Vision Holdings and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Vision Holdings's current Net Margin % is 5.73%, which is 233% above median its own 10-year median of 1.72. 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 Net Margin % is 5.73%, which is 233% above median its 10-year median of 1.72 and 148.1% above the Retail - Cyclical industry median of 2.31. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For National Vision Holdings (EYE), the current Net Margin % is 5.73% 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:
Net Margin %: 5.73% (233% above median its 10-year median of 1.72)
GF Value™: $23.96 vs. price of $20.11 (16.1% below fair value)
Industry Position: 148.1% above the Retail - Cyclical median (#561 of 1123)
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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