Stocktoria

Natural Grocers by Vitamin Cottage, Inc. NGVC

NYSE · stock · Retail-Grocery Stores · website · IPO 2012-07-25 · LEI

Natural Grocers by Vitamin Cottage, Inc. (NGVC) earns a Piotroski F-score of 7/9 (strong financial health), with an Altman Z″ in the grey zone. It pays a dividend yielding 1.49% (safety: safe). FY2025 revenue was $1.3B at a 3.5% net margin.

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55/100
Stocktoria Quality Score · grade C
7/9
Piotroski F — financial health
1.93
Altman Z″ — distress risk · grey
6.3%
Dividend yield 5y avg · safe · Dividend payout 23.7%
-2.59
Beneish M-score — earnings quality · low

Quality score trend · recomputed for each fiscal year

Piotroski F /9
4 6 6 3 5 6 8 7 7 7 2016201720182019202020212022202320242025
Altman Z″
2.89 2.82 2.93 2.96 1.32 1.03 1.14 1.21 1.26 1.93 2016201720182019202020212022202320242025

Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.

$27.43 as of 2026-08-01 · -28.7% 1y
$25.05$40.0052-wk

Beneish M-score: -2.59 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.

Market cap USD$740M
P / E15.9×
Dividend yield 5y avg6.3%
Net margin 5y avg2.4%
Return on equity 5y avg16.6%
Beta1.29
Employees3,455

Analyst price target

$46.33 +68.9% vs last
· 3 analysts
target range $40.00 – $54.00

Wall Street analyst consensus — a sentiment gauge, not our scoring.

Smart money · insiders, last 12 months

Insiders net sold -$187,620 on the open market · 3 trades

Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.

Revenue trend · last 10y · up

How it ranks in Retail Trade · percentile among 238 companies

Piotroski Fstronger than 88%
Net marginstronger than 64%
Return on equitystronger than 76%
Revenue growthstronger than 67%

Percentile vs other Retail Trade companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.

Piotroski F breakdown · 7/9 tests passed

Altman Z″ components · grey zone

ComponentValue
Working capital / assets0.014
Retained earnings / assets0.223
EBIT / assets0.092
Equity / liabilities0.464

Sector peers · similar-size Retail Trade companies compare side by side →

TickerCompanyPiotroski FAltman Z″P / ERevenue growth
NGVCNatural Grocers by Vitamin Cottage, Inc.7/91.9315.9+7.2%
VLGEAVILLAGE SUPER MARKET INC6/93.0210.8+3.8%
MSSMaison Solutions Inc.8/9-0.794.1+114%
GOGrocery Outlet Holding Corp.5/90.46+7.3%
WMKWEIS MARKETS INC5/96.1720.9+3.5%
IMKTAINGLES MARKETS INC6/95.8619.9-5.4%
SFMSprouts Farmers Market, Inc.6/91.9914.8+14.1%

All Retail Trade companies →

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.

FAQ

Is NGVC financially healthy?

Natural Grocers by Vitamin Cottage, Inc.'s Piotroski F-score is 7/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.

Does NGVC pay a dividend, and is it safe?

Yes. Natural Grocers by Vitamin Cottage, Inc. pays a dividend yielding about 1.49% with a 23.7% payout ratio, rated “safe” for safety.

How profitable is NGVC?

In FY2025, Natural Grocers by Vitamin Cottage, Inc. had a net margin of 3.5% and a return on equity of 21.9%.

Is NGVC overvalued or undervalued?

Natural Grocers by Vitamin Cottage, Inc. trades at about 13.7× trailing earnings — below its 10-year norm (10-year range 12.0×–32.4×, median 16.0×). Stocktoria reports the data, not buy/sell advice.

What is the analyst price target for NGVC?

The average Wall-Street price target for Natural Grocers by Vitamin Cottage, Inc. is $46.33, about 68.9% above the recent price, from 3 analysts.

Is NGVC a good stock to buy?

Stocktoria doesn't give buy or sell advice, but here is the data on Natural Grocers by Vitamin Cottage, Inc.: a Piotroski F-score of 7/9, an Altman Z″ in the grey zone, a P/E of about 15.9×, a dividend yield of 1.49%. Weigh these quality and valuation signals against your own goals.

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.