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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Natural Alternatives International's Intrinsic Value: Projected FCF or its related term are showing as below:
NAII'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.5 Med: 0.76 Max: 1.29
Current: 0.72
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Natural Alternatives International was 1.29. The lowest was 0.50. And the median was 0.76.
NAII's Price-to-Projected-FCF is ranked better than 64.88% of 1327
companies
in the Consumer Packaged Goods industry
Industry Median: 1.01
vs NAII: 0.72
Natural Alternatives International (NAS:NAII) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Natural Alternatives International's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
1.92
/
2.6751088025002
=
0.72
* 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 Alternatives International Intrinsic Value: Projected FCF Related Terms
Natural Alternatives International Intrinsic Value: Projected FCF Historical Data
* 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 Alternatives International Intrinsic Value: Projected FCF Chart
NAII vs COOT, MTTCF, LIMX: Intrinsic Value: Projected FCF Comparison
For the Packaged Foods subindustry, Natural Alternatives International's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Alternatives International Price-to-Projected-FCF vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Natural Alternatives International's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Natural Alternatives International's Price-to-Projected-FCF falls into.
Natural Alternatives International Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $2.68 mean?
Natural Alternatives International (NAII) has a Intrinsic Value: Projected FCF of $2.68 as of Sep. 17, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Natural Alternatives International and its competitors. According to the industry distribution chart, Natural Alternatives International ranks #466 out of 1327 companies in the Consumer Packaged Goods industry, placing it in the top 35.1%.
Is Natural Alternatives International's Intrinsic Value: Projected FCF too high?
Natural Alternatives International's current Intrinsic Value: Projected FCF is $2.68. The Consumer Packaged Goods industry median Intrinsic Value: Projected FCF is 1.01. Natural Alternatives International's value of $2.68 is 165.3% above this industry median. Based on the distribution chart, Natural Alternatives International ranks #466 out of 1327 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Natural Alternatives International has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Alternatives International's Intrinsic Value: Projected FCF compare to COOT and MTTCF?
According to the Consumer Packaged Goods industry distribution chart, Natural Alternatives International ranks #466 out of 1327 companies for Intrinsic Value: Projected FCF. This puts Natural Alternatives International in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 1.01. Natural Alternatives International's value of $2.68 is 165.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Consumer Packaged Goods company?
The median Intrinsic Value: Projected FCF among Consumer Packaged Goods companies is 1.01, based on 1,327 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Alternatives International's current Intrinsic Value: Projected FCF of $2.68 is 165.3% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Natural Alternatives International and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: Projected FCF is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Alternatives International's current Intrinsic Value: Projected FCF is $2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Alternatives International stock overvalued right now?
Based on GuruFocus' analysis, Natural Alternatives International (NAII) is currently considered Possible Value Trap. The stock's GF Value™ is $5.22, compared to a current price of $1.92 — trading 63.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is $2.68 and 165.3% above the Consumer Packaged Goods industry median of 1.01. Natural Alternatives International's overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Natural Alternatives International (NAII), the current Intrinsic Value: Projected FCF is $2.68 as of Sep. 17, 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 Alternatives International (NAII) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Alternatives International stock appears to be undervalued.
The current stock price of $1.92 is trading 63.2% below its estimated GF Value™ of $5.22.
GuruFocus considers Natural Alternatives International to be Possible Value Trap.
Key valuation signals for NAII:
Intrinsic Value: Projected FCF: $2.68
GF Value™: $5.22 vs. price of $1.92 (63.2% below fair value)
Industry Position: 165.3% above the Consumer Packaged Goods median (#466 of 1327)
No single metric tells the full story. See the NAII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products, to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segments. The company derives the majority of revenue from Private-Label Contract Manufacturing, which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
49GF Score
Get the complete analysis for NAII
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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