Grandvision (GVNV.AS) Stock Price

Grandvision Price

Delisted·Jan 7, 2022
28.30EUR
Last traded price

Revenue has compounded at 4.2% per year over the past 9 years to 3.48 B EUR. Grandvision's net margin stands at -1.9%, down from 7.0% several years earlier. Grandvision currently offers a dividend yield of about 1.24%. The dividend has grown at 20.1% per year over the past 5 years. Analysts set a median price target of 28.56 EUR, implying 0.9% above the current price. Of 12 analysts, 6 rate the stock a buy — an overall Buy consensus.

Grandvision stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Grandvision over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Grandvision stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Grandvision's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Grandvision Stock Price History
DateGrandvision Price
Access this data via the Eulerpool API

Grandvision Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2018
3.72 B EUR
337.32 M EUR
216.28 M EUR
Jan 1, 2019
4.04 B EUR
323.97 M EUR
178.48 M EUR
Jan 1, 2020
3.48 B EUR
166.36 M EUR
-66.89 M EUR
Jan 1, 2021 (e)
4.04 B EUR
448.86 M EUR
224.45 M EUR
Jan 1, 2022 (e)
4.17 B EUR
448.04 M EUR
257.68 M EUR
Jan 1, 2023 (e)
4.46 B EUR
484.23 M EUR
303.00 M EUR
Jan 1, 2024 (e)
4.60 B EUR
493.47 M EUR
345.18 M EUR
Jan 1, 2025 (e)
4.83 B EUR
512.95 M EUR
401.09 M EUR

Grandvision Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 8, 2026, 12:05 PM
 
REVENUEB EUR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB EUR
EBITM EUR
EBIT MARGIN%
NET INCOMEM EUR
NET INCOME GROWTH%
SHARESM
20112012201320142015201620172018201920202021e2022e2023e2024e2025e
2.402.522.622.823.203.323.453.724.043.484.044.174.464.604.83
5.144.057.4813.783.504.017.868.58-13.8415.983.277.013.075.13
132.78126.2974.3573.6272.6672.8373.2473.0488.1791.3891.3891.3891.3891.3891.38
3.183.181.952.072.332.422.532.723.563.183.693.814.084.204.42
232.00250.00277.00311.00353.00358.00325.00337.00323.00166.00448.00448.00484.00493.00512.00
9.699.9310.5711.0411.0210.809.429.068.004.7711.1010.7510.8510.7210.59
141.00161.00212.00231.00227.00216.00178.00-66.00224.00257.00303.00345.00401.00
14.1831.688.96-1.73-4.85-17.59-137.08-439.3914.7317.9013.8616.23
253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90253.90
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Grandvision generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Grandvision retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Grandvision's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Grandvision has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Grandvision's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Grandvision stock margins

The Grandvision margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Grandvision. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Grandvision.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
72.84 %
10.80 %
6.98 %
Jan 1, 2017
73.23 %
9.43 %
6.61 %
Jan 1, 2018
73.03 %
9.07 %
5.81 %
Jan 1, 2019
88.18 %
8.02 %
4.42 %
Jan 1, 2020
91.36 %
4.78 %
-1.92 %
Jan 1, 2021 (e)
91.36 %
11.12 %
5.56 %
Jan 1, 2022 (e)
91.36 %
10.75 %
6.18 %
Jan 1, 2023 (e)
91.36 %
10.86 %
6.79 %

Grandvision Stock Revenue, EBIT, Earnings per Share

The Grandvision earnings per share therefore indicates how much revenue Grandvision has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2017
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2018
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2019
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2020
0.00 EUR
0.00 EUR
0.00 EUR
Jan 1, 2021 (e)
15.90 EUR
0.00 EUR
0.88 EUR
Jan 1, 2022 (e)
16.42 EUR
0.00 EUR
1.01 EUR
Jan 1, 2023 (e)
17.57 EUR
0.00 EUR
1.19 EUR

Grandvision business model & stock analysis

GrandVision NV is a globally operating retailer of eyewear, contact lenses, and other optical products. It has a long history, dating back to 1891 when Charles Frederick Worth opened the first fashion house in Paris, France. In 1905, Worth founded a company called Optical Service to produce custom-made eyeglass frames. This company was later renamed GrandOptical and has been part of the GrandVision group since 2004. Today, GrandVision is known as a leading international retailer of optical products and has stores in more than 44 countries worldwide. The company serves a wide range of customers, from budget-conscious to luxury-oriented buyers, with a comprehensive range of products and services. Their business model is based on the belief that everyone deserves a better vision experience. They offer a wide range of vision corrections, from affordable single-vision glasses to more expensive progressive lenses and specialty lenses. In addition, GrandVision also offers a large selection of sunglasses, sports eyewear, and accessories. As a full-service optician, GrandVision covers everything from the initial eye test to the finished glasses or contact lenses. Customer service is highly valued by the company and is considered a key factor for success. GrandVision employees not only advise customers on choosing vision correction but also pay attention to the design, style, and quality of the eyewear and contact lenses. GrandVision is divided into various business segments, including Grand Optical, Solaris, Vision Express, Pearle, and Eye Wish Optics. Each brand has its own product range and focus, but all offer a wide range of products and services. For example, Grand Optical offers customized solutions for individual vision problems, while Solaris specializes in sunglasses. In addition to providing optical products and services, GrandVision also strives to be a sustainable company. The company aims to minimize the environmental impact of its operations and products and is committed to protecting the environment and communities in which it operates. GrandVision is also actively seeking new technologies and innovations and recently announced a pilot acquisition of Zeleris, a provider of intelligent glasses for people with visual impairments. This new business development shows that GrandVision is adapting to the industry's shift towards e-commerce and digitalization. Overall, GrandVision is a company that stands for quality, service, and innovation, offering customers a wide selection of optical products and services. With a strong brand portfolio and global presence, the company will continue to meet the growing demand for a better vision experience in the future.

Grandvision SWOT Analysis

Strengths

Grandvision NV has several strengths that contribute to its success in the market. Firstly, the company operates a global network of eyewear retail stores, which gives it a strong presence and enables it to reach a wide customer base. This wide reach provides opportunities for increased sales and brand recognition.

Secondly, Grandvision NV offers a diverse range of eyewear products, including prescription glasses, sunglasses, and contact lenses. This variety attracts customers with different needs and preferences, allowing the company to cater to a wide range of consumers.

Furthermore, Grandvision NV has established partnerships with leading eyewear brands, allowing it to offer high-quality and popular products. These partnerships enhance the company's reputation and customer trust.

Weaknesses

Despite its strengths, Grandvision NV faces certain weaknesses that need to be addressed. One weakness is the company's heavy reliance on the physical retail store model. With the rise of e-commerce and online eyewear retailers, Grandvision NV may face challenges in keeping up with changing customer preferences towards online shopping.

Additionally, Grandvision NV's large store network may also pose logistical and operational challenges, such as maintaining consistent service quality across all locations. This could affect customer experience and satisfaction.

Opportunities

The eyewear industry presents several opportunities for Grandvision NV. Firstly, the increasing global demand for eyewear products, driven by factors such as rising vision-related issues and fashion trends, provides a growing market for the company to tap into.

Moreover, the company can capitalize on the growing popularity of online shopping by expanding its e-commerce presence. This can attract younger, tech-savvy customers who prefer the convenience of online purchasing.

Furthermore, Grandvision NV can explore strategic partnerships with healthcare providers and vision insurance companies to strengthen its position in the market and gain access to a larger customer base.

Threats

Grandvision NV also faces several threats that could impact its business. One major threat is the intense competition in the eyewear industry, both from traditional brick-and-mortar retailers and online players. This competition can impact market share and pricing.

Additionally, economic downturns and fluctuations in consumer spending can significantly affect the demand for discretionary products like eyewear. Grandvision NV needs to be prepared to adapt its strategies to cope with such market uncertainties.

Moreover, regulatory changes in the eyewear industry, such as stricter healthcare regulations or changes in import/export policies, can potentially disrupt the company's operations and supply chain.

Grandvision Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Grandvision historical P/E ratio, EBIT multiple, and P/S ratio

Grandvision annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Grandvision shares outstanding

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
253.90 M Stocks
Jan 1, 2017
253.90 M Stocks
Jan 1, 2018
253.90 M Stocks
Jan 1, 2019
253.90 M Stocks
Jan 1, 2020
253.90 M Stocks
Jan 1, 2021 (e)
253.90 M Stocks
Jan 1, 2022 (e)
253.90 M Stocks
Jan 1, 2023 (e)
253.90 M Stocks

Grandvision Dividend History

7 years of dividend payments

YearAnnual DividendYoY ChangePayments
20210.35EUR 0.0%
20200.35EUR 6.1%
20190.33EUR 3.1%
20180.32EUR 3.2%
20170.31EUR 121.4%
20160.14EUR 0.0%
20150.14EUR

Current Grandvision forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
50.00 % (6)
Hold
50.00 % (6)
Sell
0.00 % (0)
12M Price Target
28.56
Last Price
28.30
Currency
EUR
12M Return Potential
0.92 %
LTM Return
0 %

Grandvision shareholder structure

% Name
3.34372%
UBS Asset Management (Switzerland)
UBS Asset Management (Switzerland)
0.76665%
Mawer Investment Management Ltd.
Mawer Investment Management Ltd.
0.69231%
Ersel Asset Management SGR S.p.A.
Ersel Asset Management SGR S.p.A.
0.58449%
Varenne Capital Partners
Varenne Capital Partners
0.53058%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.21934%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.

Grandvision Executives and Management Board

12 members · avg. age 61 · 17 % women

SB

Mr. Stephan Borchert (51)

Chief Executive Officer, Member of the Management Board · since 2018

1.53 M EUR

Management

WE

Mr. Willem Eelman (56)

Chief Financial Officer · since 2019

1.01 M EUR
TK

Mr. Theo Kiesselbach

Chief Executive Officer, Member of the Management Board · since 2006

333,000.00 EUR
PF

Mr. Paulo de Castro Fernandes

Chief Financial Officer, Member of the Management Board · since 2012

267,303.00 EUR
MM

Mr. Maarten Dorout Mees

Vice President

CF

Mr. Christophe Fond (54)

Vice President

TG

Ms. Thelke Gerdes

Investor Relations Contact Officer

Board of Directors

CG

Mr. Cornelis van der Graaf (70)

Independent Chairman of the Supervisory Board

72,500.00 EUR
MG

Mr. Melchert Groot (61)

Non-Independent Vice Chairman of the Supervisory Board

60,000.00 EUR
PB

Mr. Peter Bolliger (75)

Independent Member of the Supervisory Board · since 2015

60,000.00 EUR
JC

Mr. Jeffrey Cole (78)

Independent Member of the Supervisory Board · since 2015

60,000.00 EUR
RM

Ms. Rianne Meijerman (42)

Independent Member of the Supervisory Board · since 2019

50,000.00 EUR

Frequently asked questions about Grandvision

The business model of Grandvision NV revolves around the retail of optical products and services. As a global leader in optical retail, Grandvision operates a diverse portfolio of optical retail banners, such as Vision Express, GrandOptical, Pearle, and more. Through its extensive network of stores, the company offers a wide range of eyewear, including prescription glasses, contact lenses, sunglasses, and related products. Grandvision's business model focuses on delivering high-quality and affordable eye care solutions to customers worldwide. With its strong market presence and efficient operations, Grandvision NV continues to drive growth and cater to the evolving needs of consumers in the global eyewear industry.

Grandvision NV is primarily active in the optical retail industry. As a leading global player, Grandvision NV operates a network of optical retail chains across various continents. With a strong presence in markets such as Europe, North America, and Asia, the company caters to customers seeking eyewear products and related services. Grandvision NV focuses on providing a wide range of eyeglasses, contact lenses, and sunglasses through its diverse portfolio of brands. By consistently striving to meet the needs of its customers, Grandvision NV has established itself as a prominent player in the optical retail sector worldwide.

The main competitors of Grandvision NV in the market are EssilorLuxottica, National Vision Holdings Inc., and Luxottica Group SPA.

GrandVision NV is a leading global eyewear retail company, catering to the optical retail market. Founded in 1891, the company has a rich history of more than a century. GrandVision initially started as a small Dutch optical retailer and continued to expand its presence across Europe and beyond. Over the years, it has developed a strong retail portfolio, operating several well-known optical retail brands worldwide. With a commitment to providing high-quality eyewear products and services, GrandVision has become a trusted name in the industry. The company's extensive history and expertise make it a reliable choice for customers seeking eyewear solutions.

Grandvision NV, a leading eyewear retailer, has achieved several significant milestones. Over the years, the company has expanded its global presence, with a network of over 7,000 stores across more than 40 countries. Grandvision NV has successfully captured a significant market share in the eyewear industry, thanks to its diversified brand portfolio and strong retail footprint. The company has consistently focused on innovation, introducing advanced technologies and services to enhance the customer experience. Furthermore, Grandvision NV has made strategic acquisitions, such as the purchase of Tesco Opticians in the UK, further consolidating its market position. With a track record of growth and a commitment to providing high-quality eyewear, Grandvision NV continues to make significant strides in the industry.

Grandvision NV is primarily present in various countries and regions worldwide. It has a strong global presence and operates in numerous markets. Some of the key countries and regions where Grandvision NV has a significant presence include Europe, North America, Latin America, and Asia-Pacific. With its widespread network of optical retail stores, Grandvision NV serves diverse customer bases across different geographies, offering a wide range of eyewear products and vision care services.

Grandvision NV represents core values of excellence, customer-centricity, and innovation. With a strong focus on providing exceptional eye care and eyewear solutions, Grandvision NV aims to enhance the quality of life for its customers. The company follows a corporate philosophy that prioritizes integrity, teamwork, and continuous improvement. Grandvision NV's commitment to delivering the highest standards of service and developing innovative products has made it a trusted name in the optical retail industry. By combining expertise and state-of-the-art technology, Grandvision NV strives to offer superior vision care experiences to individuals worldwide.

Analysts currently set an average price target of 28.36 EUR for the Grandvision stock (median: 28.56 EUR), implying +0.2 % versus the latest price. The consensus is based on 12 analyst ratings.

12 analysts currently rate the Grandvision stock: 6 recommend buying, 6 holding and 0 selling.

The Grandvision share (GVNV.AS) is listed on 2 stock exchanges, including: SIX (Zürich) (8GV.SW).

GrandVision NV is an international retailer for ophthalmology based in the Netherlands. The company operates over 7,200 optical stores in more than 40 countries worldwide and employs over 39,000 people. Its business model includes the sale of glasses and contact lenses, as well as conducting eye examinations and selling other products such as sunglasses and eyewear accessories. GrandVision is known for its innovative products and services, as well as its customer-focused staff. The company operates under various brand names, allowing it to reach a wider target audience. It also prioritizes the development of new innovations in the field of ophthalmology and continually seeks new ways to better serve its customers. Examples of this include the "Vision Express" service and the "Pearle Vision Care" program, both of which provide customers with comprehensive eye care and personalized solutions. Overall, GrandVision is a leading retailer in the ophthalmology industry and strives to meet the needs of its customers through its products, services, and customer experiences.

The revenue cannot currently be calculated for Grandvision.

The profit cannot currently be calculated for Grandvision.

The P/E ratio cannot be calculated for Grandvision at the moment.

The P/S cannot be calculated for Grandvision currently.

The Eulerpool Quality Score for Grandvision is 0/10.

The ISIN of Grandvision is NL0010937066. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Grandvision is A14M4D. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Grandvision is GVNV.AS. The ticker symbol is used to trade Grandvision shares on the stock exchange.

The current dividend yield of Grandvision is 1.24 %.

Grandvision pays a dividend, distributed in the months of , , , .

Grandvision paid dividends every year for the past 0 years.

Grandvision is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Grandvision from amounting to 0.35 EUR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of Grandvision are distributed in EUR.

All fundamentals and in-depth analysis of Grandvision

Our stock analysis for Grandvision stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Grandvision. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.