National Vision Holdings, Inc. (EYE) intrinsic value & 10-year financials
National Vision Holdings, Inc. (EYE) has a Graham intrinsic value of $5.01 per share. At $17.43 on Oct 17, 2026, the stock trades 248% above that value. Over the last 10 fiscal years revenue grew 6.5% a year to $2.0B, with an average return on invested capital of 4.0%.
- Graham intrinsic value
- $5.01
- Share price (Oct 17, 2026)
- $17.43
- Price vs Graham value
- 248% above
- Market cap
- $1.4B
- Revenue (FY2026)
- $2.0B
- Revenue growth (10-yr CAGR)
- 6.5%
- ROIC (10-yr avg)
- 4.0%
- Free cash flow (FY2026)
- $73.5M
EYE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.0B | $29.6M | $0.37 | $73.5M | 3.0% | 4.1% |
| FY2024 | $1.8B | -$28.5M | -$0.36 | $38.1M | -0.6% | -1.0% |
| FY2023 | $2.1B | -$65.9M | -$0.84 | $58.3M | -2.2% | -4.0% |
| FY2022 | $2.1B | $128.2M | $1.43 | $163.4M | 8.4% | 12.7% |
| FY2021 | $1.7B | $36.3M | $0.44 | $158.2M | 5.1% | 6.6% |
| FY2019 | $1.7B | $32.8M | $0.40 | $63.8M | 4.3% | 5.7% |
| FY2018 | $1.5B | $23.7M | $0.30 | $2.1M | 2.8% | 3.4% |
| FY2017 | $1.4B | $45.8M | $0.74 | -$3.0M | 4.9% | 5.7% |
| FY2016 | $1.2B | $14.8M | $0.26 | $7.6M | 5.5% | 3.2% |
| FY2015 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
National Vision Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
National Vision Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 4.0% ROIC.
National Vision Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, National Vision Holdings, Inc. is modeled at 3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.01 per share.