National Vision (EYE) vs Five Below (FIVE)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Five Below (FIVE) has outperformed National Vision (EYE) over the past year, gaining 37.5% versus a loss of 39.5%. Over five years, FIVE leads with a +7.5% price change compared with -73.5% for EYE. Five Below is the larger company by market cap ($11.24 billion vs $1.33 billion), about 8.5 times the size.
On valuation, National Vision trades at a lower forward P/E (13.9x vs 18.5x for Five Below).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EYE | FIVE |
|---|---|---|
| Share price | $16.82 | $204.24 |
| Market cap | $1.33B | $11.24B |
| 1-day change | +0.48% | -2.71% |
| YTD return | -34.86% | +8.43% |
| 1-year return | -39.50% | +37.53% |
| 5-year return | -73.52% | +7.46% |
| P/E ratio (TTM) | 27.13 | 18.79 |
| Forward P/E | 13.92 | 18.46 |
| EPS (TTM) | $0.62 | $10.87 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | — | $4.76B |
| Revenue growth (YoY) | — | +22.90% |
| Net income (latest FY) | — | $358.64M |
| Gross margin | — | 35.99% |
| Operating margin | — | 9.60% |
| Net margin | — | 7.53% |
| 52-week high | $30.02 | $263.88 |
| 52-week low | $14.75 | $137.77 |
| Distance from 52-week high | -43.97% | -22.60% |
| Analyst consensus | none | buy |
| Avg. price target upside | +67.54% | +52.02% |
| Average volume | 2.14M | 1.12M |
| Shares outstanding | 79.07M | 55.05M |
| Employees | 13,138 | 7,800 |
| Sector | Consumer Cyclical | Consumer Cyclical |
| Industry | Specialty Retail | Specialty Retail |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Five Below is about 8.5 times larger than National Vision by market value ($11.24B vs $1.33B).
- FIVE has outperformed EYE by 77.0 percentage points over the past year.
- National Vision trades at a higher earnings multiple (27.1x vs 18.8x trailing P/E).
About National Vision
EYE stock →National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. The company offers eyeglasses and contact lenses, and optical accessory products; and provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, Vista Optical military, and DiscountContacts.com.
Consumer Cyclical · Specialty Retail · 13,138 employees
About Five Below
FIVE stock →Five Below, Inc. operates as a specialty value retailer in the United States.
Consumer Cyclical · Specialty Retail · 7,800 employees
EYE vs FIVE FAQ
Which is bigger, National Vision or Five Below?
Five Below (FIVE) is larger, with a market capitalization of $11.24B compared with $1.33B for National Vision (EYE).
Which stock has performed better over the past year, EYE or FIVE?
FIVE returned +37.53% over the past 12 months, compared with -39.50% for EYE (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EYE or FIVE?
FIVE has the lower trailing P/E at 18.8, versus 27.1 for EYE. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are National Vision and Five Below in the same industry?
Yes. Both are classified in the Specialty Retail industry within the Consumer Cyclical sector.