10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Natural Grocers by Vitamin Cottage's 10-Year ROIIC % for the quarter that ended in Sep. 2025 was 7.62%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NGVC's 10-Year ROIIC % is ranked better than 57.59% of 257
companies
in the Retail - Defensive industry
Industry Median: 5.7
vs NGVC: 7.62
Natural Grocers by Vitamin Cottage (NYSE:NGVC) 10-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Natural Grocers by Vitamin Cottage 10-Year ROIIC % Related Terms
Natural Grocers by Vitamin Cottage 10-Year ROIIC % 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 10-Year ROIIC % Chart
NGVC vs YSWY, VLGEA, DNUT: 10-Year ROIIC % Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Natural Grocers by Vitamin Cottage (NGVC) has a 10-Year ROIIC % of 7.62 as of Sep. 2025. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Natural Grocers by Vitamin Cottage and its competitors. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #109 out of 257 companies in the Retail - Defensive industry, placing it in the top 42.4%.
Is Natural Grocers by Vitamin Cottage's 10-Year ROIIC % too high?
Natural Grocers by Vitamin Cottage's current 10-Year ROIIC % is 7.62. The Retail - Defensive industry median 10-Year ROIIC % is 5.70. Natural Grocers by Vitamin Cottage's value of 7.62 is 33.7% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #109 out of 257 companies in the Retail - Defensive industry, which is above the industry midpoint. 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 10-Year ROIIC % compare to YSWY and VLGEA?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #109 out of 257 companies for 10-Year ROIIC %. This puts Natural Grocers by Vitamin Cottage in the upper half of its industry. The industry median 10-Year ROIIC % is 5.70. Natural Grocers by Vitamin Cottage's value of 7.62 is 33.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 10-Year ROIIC % for a Retail - Defensive company?
The median 10-Year ROIIC % among Retail - Defensive companies is 5.70, based on 257 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current 10-Year ROIIC % of 7.62 is 33.7% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median 10-Year ROIIC % is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current 10-Year ROIIC % is 7.62. 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 10-Year ROIIC % is 7.62 and 33.7% above the Retail - Defensive industry median of 5.70. 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 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current 10-Year ROIIC % is 7.62 as of Sep. 2025. 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:
10-Year ROIIC %: 7.62
GF Value™: $27.31 vs. price of $32.60 (19.4% above fair value)
Industry Position: 33.7% above the Retail - Defensive median (#109 of 257)
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
Get the complete analysis for NGVC
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