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Natural Grocers by Vitamin CottageNGVC 84 Price-to-Tangible-Book is 2.83 as of Aug. 20, 2026, which is 36% above its 10-year median of 2.08. GuruFocus rates NGVC with a GF Score™ of 84/100 and a GF Value™ of $28.71 (Fairly Valued). The stock has 3 warning signs investors should review. Among 282 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 62.77% on this metric.
The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book or its related term are showing as below:
NGVC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.98 Med: 2.08 Max: 5.43
Current: 2.83
During the past 13 years, Natural Grocers by Vitamin Cottage's highest Price to Tangible Book Ratio was 5.43. The lowest was 0.98. And the median was 2.08.
NGVC's Price-to-Tangible-Book is ranked worse than 62.77% of 282
companies
in the Retail - Defensive industry
Industry Median: 1.855
vs NGVC: 2.83
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Natural Grocers by Vitamin Cottage Price-to-Tangible-Book Related Terms
Natural Grocers by Vitamin Cottage Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart
NGVC vs VLGEA, YSWY, DNUT: Price-to-Tangible-Book Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Natural Grocers by Vitamin Cottage (NGVC) has a Price-to-Tangible-Book of 2.83 as of Aug. 20, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 36% above median its historical median of 2.08. Over the past decade, Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book has ranged from 0.98 to 5.43. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #177 out of 282 companies in the Retail - Defensive industry, placing it in the top 62.8%.
Is Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book too high?
Natural Grocers by Vitamin Cottage's current Price-to-Tangible-Book of 2.83 is 36% above median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 5.43. The Retail - Defensive industry median Price-to-Tangible-Book is 1.86. Natural Grocers by Vitamin Cottage's value of 2.83 is 52.6% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #177 out of 282 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Price-to-Tangible-Book compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #177 out of 282 companies for Price-to-Tangible-Book. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.86. Natural Grocers by Vitamin Cottage's value of 2.83 is 52.6% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Price-to-Tangible-Book has ranged from 0.98 to 5.43 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.86, 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 Price-to-Tangible-Book for a Retail - Defensive company?
The median Price-to-Tangible-Book among Retail - Defensive companies is 1.86, based on 282 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current Price-to-Tangible-Book of 2.83 is 52.6% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Price-to-Tangible-Book is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Price-to-Tangible-Book is 2.83, which is 36% above median its own 10-year median of 2.08. 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 Fairly Valued. The stock's GF Value™ is $28.71, compared to a current price of $27.47 — trading 4.3% below its estimated fair value. The current Price-to-Tangible-Book is 2.83, which is 36% above median its 10-year median of 2.08 and 52.6% above the Retail - Defensive industry median of 1.86. Natural Grocers by Vitamin Cottage's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Price-to-Tangible-Book is 2.83 as of Aug. 20, 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 undervalued.
The current stock price of $27.47 is trading 4.3% below its estimated GF Value™ of $28.71.
GuruFocus considers Natural Grocers by Vitamin Cottage to be Fairly Valued.
Key valuation signals for NGVC:
Price-to-Tangible-Book: 2.83 (36% above median its 10-year median of 2.08)
GF Value™: $28.71 vs. price of $27.47 (4.3% below fair value)
Industry Position: 52.6% above the Retail - Defensive median (#177 of 282)
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 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
Get the complete analysis for NGVC
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