NGVC Relative Valuation
NGVC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NGVC is overvalued; if below, it's undervalued.
Historical Valuation
Natural Grocers by Vitamin Cottage Inc (NGVC) is now in the Fair zone, suggesting that its current forward PE ratio of 11.71 is considered Fairly compared with the five-year average of 15.10. The fair price of Natural Grocers by Vitamin Cottage Inc (NGVC) is between 19.21 to 48.66 according to relative valuation methord.
Relative Value
Fair Zone
19.21-48.66
Current Price：24.81
Fair
11.71
PE
1Y
3Y
5Y
8.26
EV/EBITDA
Natural Grocers by Vitamin Cottage Inc. (NGVC) has a current EV/EBITDA of 8.26. The 5-year average EV/EBITDA is 9.96. The thresholds are as follows: Strongly Undervalued below -1.37, Undervalued between -1.37 and 4.29, Fairly Valued between 15.63 and 4.29, Overvalued between 15.63 and 21.29, and Strongly Overvalued above 21.29. The current Forward EV/EBITDA of 8.26 falls within the Historic Trend Line -Fairly Valued range.
13.31
EV/EBIT
Natural Grocers by Vitamin Cottage Inc. (NGVC) has a current EV/EBIT of 13.31. The 5-year average EV/EBIT is 22.86. The thresholds are as follows: Strongly Undervalued below -25.18, Undervalued between -25.18 and -1.16, Fairly Valued between 46.88 and -1.16, Overvalued between 46.88 and 70.90, and Strongly Overvalued above 70.90. The current Forward EV/EBIT of 13.31 falls within the Historic Trend Line -Fairly Valued range.
0.40
PS
Natural Grocers by Vitamin Cottage Inc. (NGVC) has a current PS of 0.40. The 5-year average PS is 0.33. The thresholds are as follows: Strongly Undervalued below -0.20, Undervalued between -0.20 and 0.07, Fairly Valued between 0.59 and 0.07, Overvalued between 0.59 and 0.85, and Strongly Overvalued above 0.85. The current Forward PS of 0.40 falls within the Historic Trend Line -Fairly Valued range.
8.07
P/OCF
Natural Grocers by Vitamin Cottage Inc. (NGVC) has a current P/OCF of 8.07. The 5-year average P/OCF is 1.27. The thresholds are as follows: Strongly Undervalued below -4.82, Undervalued between -4.82 and -1.77, Fairly Valued between 4.32 and -1.77, Overvalued between 4.32 and 7.37, and Strongly Overvalued above 7.37. The current Forward P/OCF of 8.07 falls within the Strongly Overvalued range.
0.00
P/FCF
Natural Grocers by Vitamin Cottage Inc. (NGVC) has a current P/FCF of 0.00. The 5-year average P/FCF is 5.75. The thresholds are as follows: Strongly Undervalued below -9.96, Undervalued between -9.96 and -2.11, Fairly Valued between 13.61 and -2.11, Overvalued between 13.61 and 21.47, and Strongly Overvalued above 21.47. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.
Natural Grocers by Vitamin Cottage Inc (NGVC) has a current Price-to-Book (P/B) ratio of 2.67. Compared to its 3-year average P/B ratio of 3.22 , the current P/B ratio is approximately -17.11% higher. Relative to its 5-year average P/B ratio of 2.82, the current P/B ratio is about -5.18% higher. Natural Grocers by Vitamin Cottage Inc (NGVC) has a Forward Free Cash Flow (FCF) yield of approximately 4.24%. Compared to its 3-year average FCF yield of 5.00%, the current FCF yield is approximately -15.31% lower. Relative to its 5-year average FCF yield of 6.12% , the current FCF yield is about -30.80% lower.
2.67
P/B
Median3y
3.22
Median5y
2.82
4.24
FCF Yield
Median3y
5.00
Median5y
6.12
Competitors Valuation Multiple
The average P/S ratio for NGVC's competitors is 0.18, providing a benchmark for relative valuation. Natural Grocers by Vitamin Cottage Inc Corp (NGVC) exhibits a P/S ratio of 0.40, which is 127.38% above the industry average. Given its robust revenue growth of 4.18%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NGVC decreased by 45.54% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 2.79 to 3.51.
The secondary factor is the Revenue Growth, contributed 4.18%to the performance.
Overall, the performance of NGVC in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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Frequently Asked Questions
Is Natural Grocers by Vitamin Cottage Inc (NGVC) currently overvalued or undervalued?
Natural Grocers by Vitamin Cottage Inc (NGVC) is now in the Fair zone, suggesting that its current forward PE ratio of 11.71 is considered Fairly compared with the five-year average of 15.10. The fair price of Natural Grocers by Vitamin Cottage Inc (NGVC) is between 19.21 to 48.66 according to relative valuation methord.
What is Natural Grocers by Vitamin Cottage Inc (NGVC) fair value?
NGVC's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Natural Grocers by Vitamin Cottage Inc (NGVC) is between 19.21 to 48.66 according to relative valuation methord.
How does NGVC's valuation metrics compare to the industry average?
The average P/S ratio for NGVC's competitors is 0.18, providing a benchmark for relative valuation. Natural Grocers by Vitamin Cottage Inc Corp (NGVC) exhibits a P/S ratio of 0.40, which is 127.38% above the industry average. Given its robust revenue growth of 4.18%, this premium appears unsustainable.
What is the current P/B ratio for Natural Grocers by Vitamin Cottage Inc (NGVC) as of Jan 09 2026?
As of Jan 09 2026, Natural Grocers by Vitamin Cottage Inc (NGVC) has a P/B ratio of 2.67. This indicates that the market values NGVC at 2.67 times its book value.
What is the current FCF Yield for Natural Grocers by Vitamin Cottage Inc (NGVC) as of Jan 09 2026?
As of Jan 09 2026, Natural Grocers by Vitamin Cottage Inc (NGVC) has a FCF Yield of 4.24%. This means that for every dollar of Natural Grocers by Vitamin Cottage Inc’s market capitalization, the company generates 4.24 cents in free cash flow.
What is the current Forward P/E ratio for Natural Grocers by Vitamin Cottage Inc (NGVC) as of Jan 09 2026?
As of Jan 09 2026, Natural Grocers by Vitamin Cottage Inc (NGVC) has a Forward P/E ratio of 11.71. This means the market is willing to pay $11.71 for every dollar of Natural Grocers by Vitamin Cottage Inc’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Natural Grocers by Vitamin Cottage Inc (NGVC) as of Jan 09 2026?
As of Jan 09 2026, Natural Grocers by Vitamin Cottage Inc (NGVC) has a Forward P/S ratio of 0.40. This means the market is valuing NGVC at $0.40 for every dollar of expected revenue over the next 12 months.