Natural Grocers by Vitamin CottageNGVC +2.29%86 Return-on-Tangible-Asset is 8.14% as of Mar. 2026, which is 114% above its 10-year median of 3.80. 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 310 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks better than 75.16% on this metric.
The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset or its related term are showing as below:
NGVC'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.41 Med: 3.8 Max: 7.37
Current: 7.37
During the past 13 years, Natural Grocers by Vitamin Cottage's highest Return-on-Tangible-Asset was 7.37%. The lowest was 2.41%. And the median was 3.80%.
NGVC's Return-on-Tangible-Asset is ranked better than 75.16% of 310
companies
in the Retail - Defensive industry
Industry Median: 3.88
vs NGVC: 7.37
Natural Grocers by Vitamin Cottage (NYSE:NGVC) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Natural Grocers by Vitamin Cottage Return-on-Tangible-Asset Related Terms
Natural Grocers by Vitamin Cottage Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
NGVC vs YSWY, VLGEA, DNUT: Return-on-Tangible-Asset Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.14% mean?
Natural Grocers by Vitamin Cottage (NGVC) has a Return-on-Tangible-Asset of 8.14% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 114% above median its historical median of 3.80. Over the past decade, Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset has ranged from 2.41 to 7.37. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #77 out of 310 companies in the Retail - Defensive industry, placing it in the top 24.8%.
Is Natural Grocers by Vitamin Cottage's Return-on-Tangible-Asset too high?
Natural Grocers by Vitamin Cottage's current Return-on-Tangible-Asset of 8.14% is 114% above median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 2.41 to a high of 7.37. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.88. Natural Grocers by Vitamin Cottage's value of 8.14% is 109.8% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #77 out of 310 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 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 Return-on-Tangible-Asset compare to YSWY and VLGEA?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #77 out of 310 companies for Return-on-Tangible-Asset. This places Natural Grocers by Vitamin Cottage in the top 25% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.88. Natural Grocers by Vitamin Cottage's value of 8.14% is 109.8% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Return-on-Tangible-Asset has ranged from 2.41 to 7.37 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 3.88, 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 Return-on-Tangible-Asset for a Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.88, based on 310 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current Return-on-Tangible-Asset of 8.14% is 109.8% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Return-on-Tangible-Asset is 8.14%, which is 114% above median its own 10-year median of 3.80. 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 Return-on-Tangible-Asset is 8.14%, which is 114% above median its 10-year median of 3.80 and 109.8% above the Retail - Defensive industry median of 3.88. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Return-on-Tangible-Asset is 8.14% as of Mar. 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:
Return-on-Tangible-Asset: 8.14% (114% above median its 10-year median of 3.80)
GF Value™: $27.31 vs. price of $32.60 (19.4% above fair value)
Industry Position: 109.8% above the Retail - Defensive median (#77 of 310)
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.
86GF Score
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