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National Vision HoldingsEYE +4.95%75 PB Ratio is 1.88 as of Jul. 15, 2026, which is 36% below its 10-year median of 2.92. GuruFocus rates EYE with a GF Score™ of 75/100 and a GF Value™ of $23.96 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,076 Retail - Cyclical companies, National Vision Holdings ranks worse than 57.53% on this metric.
The historical rank and industry rank for National Vision Holdings's PB Ratio or its related term are showing as below:
EYE'
s PB Ratio Range Over the Past 10 Years
Min: 0.9 Med: 2.92 Max: 11.53
Current: 1.88
During the past 11 years, National Vision Holdings's highest PB Ratio was 11.53. The lowest was 0.90. And the median was 2.92.
EYE's PB Ratio is ranked worse than 57.53% of 1076
companies
in the Retail - Cyclical industry
Industry Median: 1.455
vs EYE: 1.88
During the past 12 months, National Vision Holdings's average Book Value Per Share Growth Rate was 6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of National Vision Holdings was 21.20% per year. The lowest was -3.10% per year. And the median was 5.80% per year.
Back to Basics: PB Ratio
National Vision Holdings (NAS:EYE) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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 PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, National Vision Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where National Vision Holdings's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
National Vision Holdings (EYE) has a PB Ratio of 1.88 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on National Vision Holdings and its competitors. This is 36% below median its historical median of 2.92. Over the past decade, National Vision Holdings' PB Ratio has ranged from 0.90 to 11.53. According to the industry distribution chart, National Vision Holdings ranks #619 out of 1076 companies in the Retail - Cyclical industry, placing it in the top 57.5%.
Is National Vision Holdings' PB Ratio too high?
National Vision Holdings' current PB Ratio of 1.88 is 36% below median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 11.53. The Retail - Cyclical industry median PB Ratio is 1.46. National Vision Holdings' value of 1.88 is 29.2% above this industry median. Based on the distribution chart, National Vision Holdings ranks #619 out of 1076 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, National Vision Holdings has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National Vision Holdings' PB Ratio compare to WINA and SVV?
According to the Retail - Cyclical industry distribution chart, National Vision Holdings ranks #619 out of 1076 companies for PB Ratio. This places National Vision Holdings in the lower half of its industry. The industry median PB Ratio is 1.46. National Vision Holdings' value of 1.88 is 29.2% above this benchmark. Historically, National Vision Holdings' own PB Ratio has ranged from 0.90 to 11.53 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 1.46, 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 PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.46, based on 1,076 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Vision Holdings's current PB Ratio of 1.88 is 29.2% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on National Vision Holdings and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Vision Holdings's current PB Ratio is 1.88, which is 36% below median its own 10-year median of 2.92. 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 $23.96, compared to a current price of $21.11 — trading 11.9% below its estimated fair value. The current PB Ratio is 1.88, which is 36% below median its 10-year median of 2.92 and 29.2% above the Retail - Cyclical industry median of 1.46. National Vision Holdings' overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For National Vision Holdings (EYE), the current PB Ratio is 1.88 as of Jul. 15, 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 $21.11 is trading 11.9% below its estimated GF Value™ of $23.96.
GuruFocus considers National Vision Holdings to be Modestly Undervalued.
Key valuation signals for EYE:
PB Ratio: 1.88 (36% below median its 10-year median of 2.92)
GF Value™: $23.96 vs. price of $21.11 (11.9% below fair value)
Industry Position: 29.2% above the Retail - Cyclical median (#619 of 1076)
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.
75GF Score
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