Natural Grocers by Vitamin Cottage, Inc. (NGVC)
Consumer Defensive › Retail-Grocery Stores
Price History
Feb 9, 2026 — Apr 4, 2026Investment Snapshot
- Trading 23% above Graham Number — above intrinsic value estimate
- Piotroski F-Score 7/9 — financially strong with improving fundamentals
- ROE of 20.9% — good return on equity
- Revenue growing at 7% annually
Natural Grocers by Vitamin Cottage, Inc. (NGVC) is a Consumer Defensive company operating in Retail-Grocery Stores, listed on the NYSE , with a market capitalisation of $588 million . Key value metrics: P/E ratio 12.8, P/B ratio 2.67, Piotroski F-Score 7 out of 9 (strong financial health) .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 5 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Natural Grocers by Vitamin Cottage, Inc. — Fundamental Analysis Summary
Natural Grocers by Vitamin Cottage, Inc. (NGVC) is currently trading 23% above its Graham Number of $20.71, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries a reasonable trailing P/E ratio of 12.8x.
On financial health, NGVC shows a strong Piotroski F-Score of 7/9, indicating improving fundamentals across profitability, leverage, and efficiency, and strong return on equity of 20.9% (sector average: 6.7%), and minimal leverage with a debt-to-equity ratio of 0.04.
StockPik's composite Value Score for NGVC is 100/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
NGVC reports a moderate gross margin of 29.9% (sector average: 25.1%) and a modest operating margin of 4.6%.
NGVC shows revenue growing at 7% year-over-year, with earnings growing at 37%.