EssilorLuxottica (EL.PA): analysis in plain words
Is EssilorLuxottica cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
EssilorLuxottica (EL.PA) is listed on Euronext Paris and we classify it in luxury and apparel. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against EssilorLuxottica according to those figures, and the questions people ask most about the stock. No buy or sell tips.
EssilorLuxottica (EL.PA) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €189.10 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 35.3x | Price over earnings per share |
| Revenue growth | +5.7% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 8.5% | Profit for every 100 of sales |
| Net debt / EBITDA | 2.3x | Years of operating profit to repay debt |
| Dividend yield | 2.17% | Annual dividend over price |
| Market cap | €86.7 billion | What the stock market values it at |
The EssilorLuxottica figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any EL.PA figure that is not available shows as N/A: we do not estimate it.
How EssilorLuxottica makes money
EssilorLuxottica reports two segments of similar size: Professional Solutions, which sells lenses (Varilux, Transitions) and frames to opticians and distributors, and Direct to Consumer, covering its own stores such as Sunglass Hut and LensCrafters plus online sales. Brands include Ray-Ban and Oakley, licensed fashion eyewear and Ray-Ban Meta smart glasses.
Over the last 12 months, EssilorLuxottica brought in revenue of €29.3 billion. For every 100 it sells, EssilorLuxottica keeps 60.0 after the direct cost of what it sells (gross margin) and 15.4 after all operating costs (operating margin). With 213,909 full-time employees, that is about €137,000 of revenue per employee.
EssilorLuxottica against its sector
To know whether a EssilorLuxottica figure is high or low you have to put it next to similar companies. This table compares EssilorLuxottica with the median of the 6 luxury and apparel companies Fintols covers, with data as of November 4, 2026.
| Figure | EssilorLuxottica | luxury and apparel median |
|---|---|---|
| P/E | 35.3x | 23.7x (6) |
| Revenue growth | +5.7% | +1.6% (7) |
| Net margin | 8.5% | 8.5% (7) |
| Dividend yield | 2.17% | 1.66% (7) |
| Net debt / EBITDA | 2.3x | 1.2x (7) |
In short, against the typical luxury and apparel company, EssilorLuxottica trades on a higher P/E, grows faster and pays a higher dividend yield. By size, EssilorLuxottica ranks number 4 of 6 luxury and apparel companies quoted in EUR on Fintols.
The bull case for EssilorLuxottica
What works in favour of EssilorLuxottica, according to its figures as of November 4, 2026:
- Analysts expect EssilorLuxottica earnings to rise: its P/E on the next 12 months of estimated earnings is 23.9x, below the current 35.3x.
The main risk for EssilorLuxottica
EssilorLuxottica stock sits 42% below its 52-week high (€323.80): the market has cut its expectations, and it is worth understanding why first.
On top of that: the price already assumes a lot: EssilorLuxottica trades at 35.3x its last 12 months of earnings, against 23.7x for the luxury and apparel median. If growth disappoints, the multiple can shrink and the share price with it.
And, like the rest of luxury and apparel, EssilorLuxottica is exposed to spending by wealthier customers, especially in China and the US, cooling down.
Frequently asked questions about EssilorLuxottica
Is it a good time to buy EssilorLuxottica stock?
Fintols does not tell you whether to buy or sell EssilorLuxottica, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, EssilorLuxottica stock trades at €189.10, 42% below its 52-week high (€323.80) and 37% above its low (€138.30). Its P/E is 35.3x against a luxury and apparel median of 23.7x, and 23.9x on the earnings analysts expect over the next 12 months. With EssilorLuxottica, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does EssilorLuxottica pay a dividend?
Yes. As of November 4, 2026, EssilorLuxottica pays €4.00 per share a year, which at today's price is a yield of 2.17%. It uses 75% of its profit to pay it. Its average dividend yield over the last five years is 1.53%. The luxury and apparel median on Fintols is 1.66%.
Is EssilorLuxottica stock expensive?
It depends on what you compare it with. On P/E, EssilorLuxottica trades at 35.3x its last 12 months of earnings: more expensive than the luxury and apparel median (23.7x). Including its debt, EssilorLuxottica is valued at 17.3x its EBITDA (EV/EBITDA). A high P/E alone does not make EssilorLuxottica expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are EssilorLuxottica's competitors?
On Fintols we compare EssilorLuxottica with Inditex, LVMH and Hermès, which are also in luxury and apparel. As of November 4, 2026, Inditex is worth €184.0 billion and trades on a P/E of 28.0; LVMH is worth €205.2 billion and trades on a P/E of 19.0; Hermès is worth €143.7 billion and trades on a P/E of 31.9. Each has a side-by-side comparison with EssilorLuxottica below.
EssilorLuxottica competitors
- Inditex (ITX) analysis · EssilorLuxottica vs Inditex comparison
- LVMH (MC.PA) analysis · EssilorLuxottica vs LVMH comparison
- Hermès (RMS.PA) analysis · EssilorLuxottica vs Hermès comparison
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More companies like EssilorLuxottica: luxury and apparel stocks and Euro Stoxx 50 companies. Open the full EL.PA analysis with its valuation and scenarios. Educational content about EssilorLuxottica, not investment advice.