NGVC (Natural Grocers by Vitamin Cottage) EV-to-EBIT: 16.52 (As of Jul. 05, 2026) — 23% Below Median


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
86 GF Score
Price $32.60
GF Value $27.31
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage EV-to-EBIT?

Natural Grocers by Vitamin Cottage NGVC +2.29% 86 EV-to-EBIT is 16.52 as of Jul. 05, 2026, which is 23% below its 10-year median of 21.36. GuruFocus rates NGVC with a GF Score™ of 86/100 and a GF Value™ of $27.31 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 259 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 62.93% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Natural Grocers by Vitamin Cottage's Enterprise Value is $1,055 Mil. Natural Grocers by Vitamin Cottage's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $64 Mil. Therefore, Natural Grocers by Vitamin Cottage's EV-to-EBIT for today is 16.52.

The historical rank and industry rank for Natural Grocers by Vitamin Cottage's EV-to-EBIT or its related term are showing as below:

NGVC' s EV-to-EBIT Range Over the Past 10 Years
Min: 11.62   Med: 21.36   Max: 41.6
Current: 16.52

During the past 13 years, the highest EV-to-EBIT of Natural Grocers by Vitamin Cottage was 41.60. The lowest was 11.62. And the median was 21.36.

NGVC's EV-to-EBIT is ranked worse than
62.93% of 259 companies
in the Retail - Defensive industry
Industry Median: 13.6 vs NGVC: 16.52

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Natural Grocers by Vitamin Cottage's Enterprise Value for the quarter that ended in Mar. 2026 was $899 Mil. Natural Grocers by Vitamin Cottage's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $64 Mil. Natural Grocers by Vitamin Cottage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.10%.


Natural Grocers by Vitamin Cottage  (NYSE:NGVC) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Natural Grocers by Vitamin Cottage's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=63.841/899.40885
=7.10 %

Natural Grocers by Vitamin Cottage's Enterprise Value for the quarter that ended in Mar. 2026 was $899 Mil.
Natural Grocers by Vitamin Cottage's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $64 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Natural Grocers by Vitamin Cottage EV-to-EBIT Related Terms


Natural Grocers by Vitamin Cottage EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Natural Grocers by Vitamin Cottage's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Natural Grocers by Vitamin Cottage EV-to-EBIT Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.30 20.76 20.38 21.65 19.89

Natural Grocers by Vitamin Cottage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.16 20.87 19.89 13.88 14.09

NGVC vs YSWY, VLGEA, DNUT: EV-to-EBIT Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Natural Grocers by Vitamin Cottage EV-to-EBIT vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's EV-to-EBIT falls into.


NGVC
86GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Natural Grocers by Vitamin Cottage EV-to-EBIT Calculation

Natural Grocers by Vitamin Cottage's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1054.929/63.841
=16.52

Natural Grocers by Vitamin Cottage's current Enterprise Value is $1,055 Mil.
Natural Grocers by Vitamin Cottage's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $64 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 16.52 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a EV-to-EBIT of 16.52 as of Jul. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 23% below median its historical median of 21.36. Over the past decade, Natural Grocers by Vitamin Cottage's EV-to-EBIT has ranged from 11.62 to 41.60. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #163 out of 259 companies in the Retail - Defensive industry, placing it in the top 62.9%.
Is Natural Grocers by Vitamin Cottage's EV-to-EBIT too high?
Natural Grocers by Vitamin Cottage's current EV-to-EBIT of 16.52 is 23% below median its 10-year median of 21.36. Over the past 10 years, this metric has ranged from a low of 11.62 to a high of 41.60. The Retail - Defensive industry median EV-to-EBIT is 13.60. Natural Grocers by Vitamin Cottage's value of 16.52 is 21.5% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #163 out of 259 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's EV-to-EBIT compare to YSWY and VLGEA?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #163 out of 259 companies for EV-to-EBIT. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median EV-to-EBIT is 13.60. Natural Grocers by Vitamin Cottage's value of 16.52 is 21.5% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own EV-to-EBIT has ranged from 11.62 to 41.60 over the past decade. While the company's 10-year median is 21.36 vs. the industry median of 13.60, Natural Grocers by Vitamin Cottage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Retail - Defensive company?
The median EV-to-EBIT among Retail - Defensive companies is 13.60, based on 259 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current EV-to-EBIT of 16.52 is 21.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median EV-to-EBIT is 13.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current EV-to-EBIT is 16.52, which is 23% below median its own 10-year median of 21.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Grocers by Vitamin Cottage stock overvalued right now?
Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage (NGVC) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.31, compared to a current price of $32.60 — trading 19.4% above its estimated fair value. The current EV-to-EBIT is 16.52, which is 23% below median its 10-year median of 21.36 and 21.5% above the Retail - Defensive industry median of 13.60. Natural Grocers by Vitamin Cottage's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current EV-to-EBIT is 16.52 as of Jul. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Natural Grocers by Vitamin Cottage (NGVC) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Grocers by Vitamin Cottage stock appears to be overvalued. The current stock price of $32.60 is trading 19.4% above its estimated GF Value™ of $27.31. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • EV-to-EBIT: 16.52 (23% below median its 10-year median of 21.36)
  • GF Value™: $27.31 vs. price of $32.60 (19.4% above fair value)
  • GF Score™: 86/100 with 2 warning signs
  • Industry Position: 21.5% above the Retail - Defensive median (#163 of 259)

No single metric tells the full story. See the NGVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Natural Grocers by Vitamin Cottage Business Description

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories: natural and organic food, dietary supplements, natural body care, household, pet care products, books, and handouts. The Company has a single reporting segment, natural and organic retail stores, through which business is conducted. The company generates the majority of its revenue from grocery products and dietary supplements, and the rest from other products.
86GF Score

Get the complete analysis for NGVC

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$32.60
Price
$27.31
GF Value