Natural Grocers by Vitamin Cottage, Inc. (NGVC)
Consumer · NYQ
Price as at 1 Oct 2026, 01:18 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Natural Grocers by Vitamin Cottage, Inc. trades at $30.46, close to the $28.77 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 37 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 15.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
NGVC dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.450 | 3 |
| 2025 | $0.510 | 4 |
| 2024 | $0.420 | 4 |
| 2023 | $1.40 | 4 |
| 2022 | $0.400 | 4 |
| 2021 | $0.310 | 4 |
| 2020 | $2.28 | 4 |
| 2019 | $0.070 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
NGVC earnings and analyst estimates
Recommendation mix, 3 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Natural Grocers by Vitamin Cottage, Inc.
Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products. Its stores also provide name-brand supplements, as well as private label dietary supplements; body care products consisting of cosmetics, skin care, hair care, fragrance, and personal care products containing natural and organic ingredients; pet care and food products; household and general merchandise, including cleaning supplies, paper products, and dish and laundry soaps, as well as other common household products, such as diapers; and books and handouts. The company operates its retail stores under the Natural Grocers, Vitamin Cottage, Health Hotline, Natural Grocers by Vitamin Cottage trademark, as well as Vitamin Cottage Natural Grocers and Health Hotline trademarks. The company also offers science-based nutrition education programs to help customers make informed health and nutrition choices. The company was formerly known as Vitamin Cottage Natural Food Markets, Inc. Natural Grocers by Vitamin Cottage, Inc. was founded in 1955 and is headquartered in Lakewood, Colorado.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
NGVC passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
8 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$10.46M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$9.25M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$9.15M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$2.29M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$2.11M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
NGVC peers
The largest companies in the same industry (Grocery Stores), then in the same sector.
- KR The Kroger Co.
- SVNDF Seven & i Holdings Co., Ltd.
- EMP-A.TO Empire Company Limited
- ACI Albertsons Companies, Inc.
- SFM Sprouts Farmers Market, Inc.
- YSWY Yesway, Inc.
- VHUB VenHub Global, Inc.
- MSS Maison Solutions Inc.
Every consumer company we cover is on the Consumer hub.
Common questions
Is Natural Grocers by Vitamin Cottage, Inc. (NGVC) undervalued?
Against our fair value estimate of $28.77, NGVC at $30.46 is 6% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own NGVC?
8 of the institutions we track reported a position in NGVC in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is NGVC's P/E ratio?
NGVC trades at 15.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Natural Grocers by Vitamin Cottage, Inc. (NGVC) pay a dividend?
Yes. Natural Grocers by Vitamin Cottage, Inc. yields 1.82% at the current share price. It has paid $0.600 per share over the trailing twelve months. It has paid a dividend in each of the last 7 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its NGVC data?
Fundamentals for NGVC come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 01:18 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for NGVC, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.