Natural Grocers by Vitamin Cottage (NGVC) Key Ratios
$31.60
As on 18-Sep-2026 13:41EDT
Market cap
$714 Mln
Revenue (TTM)
$1,344 Mln
P/E Ratio
15.1
P/B Ratio
2.8
Div. Yield
1.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.78 | 1.84 | 2.01 | 6.27 | 5.12 |
| EBIT | -17.17 | -3.79 | 8.02 | 31.92 | 21.47 |
| Net Profit | -17.57 | -4.58 | 9.13 | 37.69 | 23.70 |
| EPS | -18.14 | -4.39 | 9.21 | 33.90 | 22.19 |
| Book Value | -- | -- | 21.28 | 10.15 | 3.61 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Sep-25 | Sep-24 |
| EBIT-Margin
| 3.74 | 3.33 | 4.71 | 4.66 | 3.78 |
| Net Margin
| -- | -- | 3.55 | -- | -- |
| Return on equity
| 19.31 | 17.05 | 20.74 | 24.02 | 19.67 |
| Return on Capital
| 6.46 | 5.39 | -- | 8.72 | 6.39 |
| Return on Assets
| 5.21 | 4.39 | 5.74 | 7.01 | 5.12 |
| Debt to Equity (x)
| -- | -- | 0.01 | 1.56 | 1.99 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
8.72
|
6.39
|
4.26
|
3.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
20.74
Lower than Peers by 3.08
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
20.74
|
24.02
|
19.67
|
14.23
|
14.31
|
|
Peer Median
|
23.82
|
--
|
--
|
--
|
--
|
ROA
5.74
Higher than Peers by 0.11
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
5.74
|
7.01
|
5.12
|
3.49
|
3.24
|
|
Peer Median
|
5.63
|
--
|
--
|
--
|
--
|
EBIT Margin
4.71
Lower than Peers by 2.65
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
4.71
|
4.66
|
3.78
|
2.78
|
2.77
|
|
Peer Median
|
7.36
|
--
|
--
|
--
|
--
|
Net Margin
3.55
Lower than Peers by 1.17
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
3.55
|
3.49
|
2.73
|
2.04
|
1.96
|
|
Peer Median
|
4.71
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
2.01
Lower than Peers by 1.32
Year on year growth in net sales
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
2.01
|
0.07
|
0.09
|
0.05
|
0.03
|
|
Peer Median
|
3.33
|
--
|
--
|
--
|
--
|
EBIT Growth
8.02
Higher than Peers by 4.34
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
8.02
|
31.96
|
48.34
|
5.02
|
6.45
|
|
Peer Median
|
3.68
|
--
|
--
|
--
|
--
|
Net Profit Growth
9.13
Higher than Peers by 5.65
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
9.13
|
36.86
|
46.00
|
8.79
|
3.81
|
|
Peer Median
|
3.48
|
--
|
--
|
--
|
--
|
EPS Growth
9.21
Lower than Peers by 133.97
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
9.21
|
0.36
|
0.45
|
0.08
|
0.03
|
|
Peer Median
|
143.19
|
--
|
--
|
--
|
--
|
Book Value Growth
18.48
Lower than Peers by 27.18
Year on year growth in book value per share
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
18.48
|
--
|
--
|
--
|
--
|
|
Peer Median
|
45.66
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.01
Lower than Peers by 0.21
Total debt / Net worth
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
0.01
|
1.56
|
1.99
|
2.17
|
2.52
|
|
Peer Median
|
0.22
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.18
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
0.18
|
0.19
|
0.23
|
0.24
|
0.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.10
Lower than Peers by 0.32
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
1.10
|
1.06
|
0.90
|
0.99
|
1.02
|
|
Peer Median
|
1.42
|
--
|
--
|
--
|
--
|
Quick Ratio
0.25
Lower than Peers by 0.22
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
0.25
|
0.22
|
0.16
|
0.22
|
0.20
|
|
Peer Median
|
0.47
|
--
|
--
|
--
|
--
|
Interest Coverage
23.39
Higher than Peers by 12.99
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
23.39
|
20.24
|
11.25
|
9.60
|
12.72
|
|
Peer Median
|
10.40
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
0.79
Lower than Peers by 1.19
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
0.79
|
0.90
|
1.02
|
0.95
|
0.96
|
|
Peer Median
|
1.98
|
--
|
--
|
--
|
--
|
Asset Turnover
1.62
Higher than Peers by 0.47
Sales / Average Total Assets
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
1.62
|
2.01
|
1.87
|
1.71
|
1.65
|
|
Peer Median
|
1.15
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
3.37
|
3.44
|
3.41
|
3.18
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
49.65
|
49.98
|
52.30
|
49.87
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
33.16
|
35.22
|
34.11
|
32.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
--
|
19.86
|
18.20
|
21.60
|
20.42
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
15.11
Lower than Peers by 4.38
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
15.11
|
20.06
|
20.28
|
12.74
|
11.53
|
|
Peer Median
|
19.49
|
--
|
--
|
--
|
--
|
Price / Book Value
2.82
Lower than Peers by 0.59
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
2.82
|
4.39
|
3.95
|
1.73
|
1.58
|
|
Peer Median
|
3.41
|
--
|
--
|
--
|
--
|
Dividend Yield
1.94
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
1.94
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
10.25
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
10.25
|
13.29
|
13.17
|
10.44
|
10.68
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
714
Higher than Peers by 565
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Sep-25
|
Sep-24
|
Sep-23
|
Sep-22
|
|---|---|---|---|---|---|
|
Natural Grocers by Vitamin Cottage (NGVC)
|
714
|
--
|
--
|
--
|
--
|
|
Peer Median
|
149
|
--
|
--
|
--
|
--
|