Natural Grocers by Vitamin CottageNGVC +1.62%84 PE Ratio without NRI is 15.41 as of Jun. 25, 2026, which is 2% below its 10-year median of 15.76. 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 252 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks better than 54.76% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-25), Natural Grocers by Vitamin Cottage's share price is $32.69.
Natural Grocers by Vitamin Cottage's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $2.12. Therefore, Natural Grocers by Vitamin Cottage's PE Ratio without NRI for today is 15.41.
During the past 13 years, Natural Grocers by Vitamin Cottage's highest PE Ratio without NRI was 35.32. The lowest was 9.37. And the median was 15.76.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Natural Grocers by Vitamin Cottage PE Ratio without NRI Related Terms
Natural Grocers by Vitamin Cottage PE Ratio without NRI 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 Grocers by Vitamin Cottage PE Ratio without NRI Chart
NGVC vs VLGEA, YSWY, DNUT: PE Ratio without NRI Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's PE Ratio without NRI falls into.
Natural Grocers by Vitamin Cottage PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Natural Grocers by Vitamin Cottage's Share Price of today is $32.69.
Natural Grocers by Vitamin Cottage's EPS without NRI 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 $2.12.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Natural Grocers by Vitamin Cottage (NGVC) has a PE Ratio without NRI of 15.41 as of Jun. 25, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is near median its historical median of 15.76. Over the past decade, Natural Grocers by Vitamin Cottage's PE Ratio without NRI has ranged from 9.37 to 35.32. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #114 out of 252 companies in the Retail - Defensive industry, placing it in the top 45.2%.
Is Natural Grocers by Vitamin Cottage's PE Ratio without NRI too high?
Natural Grocers by Vitamin Cottage's current PE Ratio without NRI of 15.41 is near median its 10-year median of 15.76. Over the past 10 years, this metric has ranged from a low of 9.37 to a high of 35.32. The Retail - Defensive industry median PE Ratio without NRI is 16.45. Natural Grocers by Vitamin Cottage's value of 15.41 is 6.3% below this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #114 out of 252 companies in the Retail - Defensive industry, which is above the industry midpoint. 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 PE Ratio without NRI compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #114 out of 252 companies for PE Ratio without NRI. This puts Natural Grocers by Vitamin Cottage in the upper half of its industry. The industry median PE Ratio without NRI is 16.45. Natural Grocers by Vitamin Cottage's value of 15.41 is 6.3% below this benchmark. Historically, Natural Grocers by Vitamin Cottage's own PE Ratio without NRI has ranged from 9.37 to 35.32 over the past decade. While the company's 10-year median is 15.76 vs. the industry median of 16.45, Natural Grocers by Vitamin Cottage has consistently been below 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 PE Ratio without NRI for a Retail - Defensive company?
The median PE Ratio without NRI among Retail - Defensive companies is 16.45, based on 252 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current PE Ratio without NRI of 15.41 is 6.3% below 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median PE Ratio without NRI is 16.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current PE Ratio without NRI is 15.41, which is near median its own 10-year median of 15.76. 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 PE Ratio without NRI is 15.41, which is near median its 10-year median of 15.76 and 6.3% below the Retail - Defensive industry median of 16.45. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current PE Ratio without NRI is 15.41 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:
PE Ratio without NRI: 15.41 (near median its 10-year median of 15.76)
GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
Industry Position: 6.3% below the Retail - Defensive median (#114 of 252)
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
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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