NGVC'
s ROE % Range Over the Past 10 Years
Min: 5.29 Med: 12.58 Max: 24.02
Current: 22.75
During the past 13 years, Natural Grocers by Vitamin Cottage's highest ROE % was 24.02%. The lowest was 5.29%. And the median was 12.58%.
NGVC's ROE % is ranked better than 87.25% of 306
companies
in the Retail - Defensive industry
Industry Median: 8.53
vs NGVC: 22.75
Natural Grocers by Vitamin Cottage (NYSE:NGVC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Natural Grocers by Vitamin Cottage ROE % Related Terms
Natural Grocers by Vitamin Cottage ROE % 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.
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's ROE % distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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.
ROE % is displayed in the 30-year financial page.
Natural Grocers by Vitamin Cottage (NGVC) has a ROE % of 23.83% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 89% above median its historical median of 12.58. Over the past decade, Natural Grocers by Vitamin Cottage's ROE % has ranged from 5.29 to 24.02. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #39 out of 306 companies in the Retail - Defensive industry, placing it in the top 12.7%.
Is Natural Grocers by Vitamin Cottage's ROE % too high?
Natural Grocers by Vitamin Cottage's current ROE % of 23.83% is 89% above median its 10-year median of 12.58. Over the past 10 years, this metric has ranged from a low of 5.29 to a high of 24.02. The Retail - Defensive industry median ROE % is 8.53. Natural Grocers by Vitamin Cottage's value of 23.83% is 179.4% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #39 out of 306 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 ROE % compare to VLGEA and YSWY?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #39 out of 306 companies for ROE %. This places Natural Grocers by Vitamin Cottage in the top 13% of its industry — outperforming the majority of peers. The industry median ROE % is 8.53. Natural Grocers by Vitamin Cottage's value of 23.83% is 179.4% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own ROE % has ranged from 5.29 to 24.02 over the past decade. While the company's 10-year median is 12.58 vs. the industry median of 8.53, 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 ROE % for a Retail - Defensive company?
The median ROE % among Retail - Defensive companies is 8.53, based on 306 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current ROE % of 23.83% is 179.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median ROE % is 8.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current ROE % is 23.83%, which is 89% above median its own 10-year median of 12.58. 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 ROE % is 23.83%, which is 89% above median its 10-year median of 12.58 and 179.4% above the Retail - Defensive industry median of 8.53. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current ROE % is 23.83% 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 $32.69 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:
ROE %: 23.83% (89% above median its 10-year median of 12.58)
GF Value™: $27.27 vs. price of $32.69 (19.9% above fair value)
Industry Position: 179.4% above the Retail - Defensive median (#39 of 306)
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
Get the complete analysis for NGVC
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