NGVC (Natural Grocers by Vitamin Cottage) Moat Score: 5/10 (As of Jun. 25, 2026)


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
84 GF Score
Price $32.69
GF Value $27.27
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage Moat Score?

Natural Grocers by Vitamin Cottage NGVC +1.62% 84 Moat Score is 5 as of Jun. 25, 2026. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $27.27 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 317 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks better than 92.11% on this metric.

Natural Grocers by Vitamin Cottage has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Natural Grocers by Vitamin Cottage has Narrow Moat: Natural Grocers has a solid narrow moat due to its niche market focus and strong brand in organic groceries. It benefits from customer loyalty and some economies of scale, but lacks significant regulatory barriers and exclusive licenses, limiting its competitive advantage.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Natural Grocers by Vitamin Cottage might have Narrow Moat - Solid narrow moat.

Natural Grocers by Vitamin Cottage  (NYSE:NGVC) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Natural Grocers by Vitamin Cottage Moat Score Related Terms

NGVC vs VLGEA, YSWY, DNUT: Moat Score Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Retail - Defensive Industry

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

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Moat Score falls into.


NGVC
84GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Moat Score of 5 as of Jun. 25, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #25 out of 317 companies in the Retail - Defensive industry, placing it in the top 7.9%.
Is Natural Grocers by Vitamin Cottage's Moat Score too high?
Natural Grocers by Vitamin Cottage's current Moat Score is 5. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #25 out of 317 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Moat Score compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #25 out of 317 companies for Moat Score. This places Natural Grocers by Vitamin Cottage in the top 8% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Retail - Defensive company?
A good Moat Score depends on the Retail - Defensive industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Natural Grocers by Vitamin Cottage's current Moat Score is 5. 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 $27.27, compared to a current price of $32.69 — trading 19.9% above its estimated fair value. The current Moat Score is 5. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Moat Score is 5 as of Jun. 25, 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 $32.69 is trading 19.9% above its estimated GF Value™ of $27.27. GuruFocus considers Natural Grocers by Vitamin Cottage to be Modestly Overvalued.

Key valuation signals for NGVC:

  • Moat Score: 5
  • GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
  • GF Score™: 84/100 with 2 warning signs

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.
84GF Score

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

$32.69
Price
$27.27
GF Value