NGVC Share Price | Natural Grocers by Vitamin Cottage, Inc. Stock Analysis & Recommendation

Q: What does Natural Grocers by Vitamin Cottage, Inc. do?

Overview: Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries and dietary supplements, operating within the retailing industry and classified as a micro-cap company.Financial Snapshot: Net Sales: 336 Million (Quarterly Results - Mar 2025) Net Profit: 13 Million (Quarterly Results - Mar 2025) Market cap: USD 943.72 Million (Micro Cap)Key Metrics: P/E: 24.00 Dividend Yield: 1.11% Debt Equity: 0.10 Return on Equity: 22.32% Price to Book: 4.89Contact Details: Address: 12612 W Alameda Pkwy, LAKEWOOD CO: 80228-2824 Tel: 1 303 9864600 Fax: 1 302 6745266 Website: https://www.naturalgrocers.com/

Q: Is Natural Grocers by Vitamin Cottage, Inc. technically bullish or bearish?

As of 31 October 2025, the technical trend for Natural Grocers by Vitamin Cottage, Inc. has changed from mildly bearish to bearish. The current technical stance is bearish with weak strength, indicated by a bearish MACD on the weekly chart and a bearish daily moving average. The Bollinger Bands and Dow Theory also reflect a mildly bearish sentiment on both weekly and monthly time frames. The KST shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, which adds to the overall bearish outlook. In terms of performance, the stock has underperformed the S&P 500 across multiple periods, with a significant decline of 19.61% year-to-date compared to a 16.30% gain in the S&P 500.

Q: Is Natural Grocers by Vitamin Cottage, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Natural Grocers by Vitamin Cottage, Inc. moved from very expensive to expensive. The company appears to be overvalued based on its current financial metrics. Key ratios include a P/E Ratio of 24, a Price to Book Value of 5.38, and an EV to EBITDA of 11.42. In comparison, Sprouts Farmers Market, Inc. has a higher P/E of 27.62, while Albertsons Cos., Inc. shows a significantly lower P/E of 9.39, indicating that Natural Grocers is priced at a premium relative to some peers.The company's recent stock performance has been notably poor, with a year-to-date return of -29.31% compared to a positive return of 12.26% for the S&P 500, which reinforces the notion that the stock may be overvalued.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

41.54 k

Shareholding (Dec 2025)

FII

6.58%

Held by 70 FIIs

DII

76.16%

Held by 18 DIIs

Promoter

0.00%

How big is Natural Grocers by Vitamin Cottage, Inc.?

22-Jun-2025

As of Jun 18, Natural Grocers by Vitamin Cottage, Inc. has a market capitalization of 943.72 million, with net sales of 1,297.73 million and a net profit of 41.26 million over the latest four quarters.

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What does Natural Grocers by Vitamin Cottage, Inc. do?

22-Jun-2025

Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries and dietary supplements, with net sales of $336 million and a market cap of approximately $943.72 million as of March 2025. Key financial metrics include a P/E ratio of 24.00 and a dividend yield of 1.11%.

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Who are in the management team of Natural Grocers by Vitamin Cottage, Inc.?

22-Jun-2025

As of March 2022, the management team of Natural Grocers by Vitamin Cottage, Inc. includes Chairman Kemper Isely, Co-President Zephyr Isely, Executive Vice Presidents Heather and Elizabeth Isely, and several independent directors. They oversee the company's operations and strategic direction.

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Is Natural Grocers by Vitamin Cottage, Inc. technically bullish or bearish?

05-Nov-2025

As of October 31, 2025, Natural Grocers by Vitamin Cottage, Inc. is in a bearish trend with weak strength, indicated by a bearish MACD and moving average, and has underperformed the S&P 500 with a year-to-date decline of 19.61%.

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Is Natural Grocers by Vitamin Cottage, Inc. overvalued or undervalued?

25-Nov-2025

As of November 21, 2025, Natural Grocers by Vitamin Cottage, Inc. is considered expensive and overvalued with a P/E ratio of 24, a Price to Book Value of 5.38, and an EV to EBITDA of 11.42, while its year-to-date return of -29.31% significantly underperforms the S&P 500's 12.26% return.

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Compare Natural Grocers by Vitamin Cottage, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROCE of 19.52%

Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.54 times

The company has declared Positive results for the last 6 consecutive quarters

With ROCE of 27.96%, it has a expensive valuation with a 4.99 Enterprise value to Capital Employed

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Industry

Retailing

Market cap

USD 589 Million (Micro Cap)

P/E

12.00

Industry P/E

Dividend Yield

2.10%

Debt Equity

0.08

Return on Equity

21.77%

Price to Book

2.68

Revenue and Profits:

Net Sales:

336 Million

(Quarterly Results - Dec 2025)

Net Profit:

11 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-5.5%

6 Months

-32.37%

1 Year

-36.89%

2 Years

45.05%

3 Years

129.68%

4 Years

31.63%

5 Years

52.37%

Natural Grocers by Vitamin Cottage, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

4.51%

EBIT Growth (5y)

15.53%

EBIT to Interest (avg)

13.04

Debt to EBITDA (avg)

0.54

Net Debt to Equity (avg)

0.10

Sales to Capital Employed (avg)

5.42

Tax Ratio

20.71%

Dividend Payout Ratio

24.03%

Pledged Shares

Institutional Holding

48.37%

ROCE (avg)

19.52%

ROE (avg)

16.60%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.68

EV to EBIT

9.49

EV to EBITDA

6.21

EV to Capital Employed

2.55

EV to Sales

0.45

PEG Ratio

0.50

Dividend Yield

2.10%

ROCE (Latest)

26.90%

ROE (Latest)

21.77%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Mildly Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Mildly Bearish

Dow Theory

Mildly Bullish

OBV

No Trend

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 45 Schemes (17.26%)

Foreign Institutions

Held by 70 Foreign Institutions (6.58%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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          "val2": "0.00",
          "chgp": "",
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          "val1": "3.10",
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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

335.60

336.10

-0.15%

Operating Profit (PBDIT) excl Other Income

22.90

25.40

-9.84%

Interest

0.70

Exceptional Items

-0.00

0.00

Consolidate Net Profit

11.30

11.80

-4.24%

Operating Profit Margin (Excl OI)

44.50%

46.20%

-0.17%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is -0.15% vs 2.25% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is -4.24% vs 1.72% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

1,330.80

1,241.60

7.18%

Operating Profit (PBDIT) excl Other Income

96.40

83.60

15.31%

Interest

3.10

4.20

-26.19%

Exceptional Items

-0.10

-2.50

96.00%

Consolidate Net Profit

46.40

33.90

36.87%

Operating Profit Margin (Excl OI)

47.10%

41.00%

0.61%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Sep 2025 is 7.18% vs 8.85% in Sep 2024

Consolidated Net Profit

YoY Growth in year ended Sep 2025 is 36.87% vs 46.12% in Sep 2024

All Annual Results

Company CV

About Natural Grocers by Vitamin Cottage, Inc.

Natural Grocers by Vitamin Cottage, Inc.

Retailing

Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries, and dietary supplements. The Company's products in its stores include Body Care, Pet Care, Household and General Merchandise, and Books and Handouts. Its grocery products include Produce; Bulk Food and Private Label Products; Dry, Frozen and Canned Groceries; Meats and Seafood; Dairy Products, Dairy Substitutes and Eggs; Prepared Foods; Bread and Baked Goods, and Beverages. Additionally, it carries a range of products associated with special diets, such as gluten free, vegetarian and non-dairy. The Company operates both a service natural and organic grocery store, and a dietary supplement store. The Company sells organic produce and source from local and organic producers. The Company operates within the natural products retail industry.

Company Coordinates

Company Details

12612 W Alameda Pkwy , LAKEWOOD CO : 80228-2824

Tel: 1 303 98646001 303 9864600

https://www.naturalgrocers.com/

Registrar Details