NGVC (Natural Grocers by Vitamin Cottage) 5-Year ROIIC % : -88.77% (As of Sep. 2025)


NGVC Natural Grocers by Vitamin Cottage Inc NGVC
86 GF Score
Price $32.60
GF Value $27.31
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Natural Grocers by Vitamin Cottage 5-Year ROIIC %?

Natural Grocers by Vitamin Cottage NGVC +2.29% 86 5-Year ROIIC % is -88.77 as of Sep. 2025. 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 276 Retail - Defensive companies, Natural Grocers by Vitamin Cottage ranks worse than 93.84% on this metric.

5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year. Natural Grocers by Vitamin Cottage's 5-Year ROIIC % for the quarter that ended in Sep. 2025 was -88.77%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Natural Grocers by Vitamin Cottage's 5-Year ROIIC % or its related term are showing as below:

NGVC's 5-Year ROIIC % is ranked worse than
93.84% of 276 companies
in the Retail - Defensive industry
Industry Median: 5.205 vs NGVC: -88.77

Natural Grocers by Vitamin Cottage  (NYSE:NGVC) 5-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 5-Year ROIIC % Related Terms


Natural Grocers by Vitamin Cottage 5-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Natural Grocers by Vitamin Cottage's 5-Year ROIIC % can be seen below:

* 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 5-Year ROIIC % Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
5-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.63 3.55 3.03 7.79 -88.77

Natural Grocers by Vitamin Cottage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
5-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 -88.77 0.00 0.00

NGVC vs YSWY, VLGEA, DNUT: 5-Year ROIIC % Comparison

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's 5-Year ROIIC %, along with its competitors' market caps and 5-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 5-Year ROIIC % vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's 5-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's 5-Year ROIIC % falls into.


NGVC
86GF Score
Natural Grocers by Vitamin Cottage Inc NGVC
5-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Grocers by Vitamin Cottage 5-Year ROIIC % Calculation

Natural Grocers by Vitamin Cottage's 5-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:

5-Year ROIIC %=5-Year Incremental Net Operating Profit After Taxes (NOPAT)**/5-Year Incremental Invested Capital**
=( 49.6826106 (Sep. 2025) - 22.803822 (Sep. 2020) )/( 544.912 (Sep. 2025) - 575.19 (Sep. 2020) )
=26.8787886/-30.278
=-88.77%***

* 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 5-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.

Frequently Asked Questions Learn more about 5-Year ROIIC % →
What does a 5-Year ROIIC % of -88.77 mean?
Natural Grocers by Vitamin Cottage (NGVC) has a 5-Year ROIIC % of -88.77 as of Sep. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-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 #259 out of 276 companies in the Retail - Defensive industry, placing it in the top 93.8%.
Is Natural Grocers by Vitamin Cottage's 5-Year ROIIC % too high?
Natural Grocers by Vitamin Cottage's current 5-Year ROIIC % is -88.77. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #259 out of 276 companies in the Retail - Defensive industry, which is in the bottom quartile 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 5-Year ROIIC % compare to YSWY and VLGEA?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #259 out of 276 companies for 5-Year ROIIC %. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median 5-Year ROIIC % is 5.21. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Retail - Defensive company?
The median 5-Year ROIIC % among Retail - Defensive companies is 5.21, based on 276 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median 5-Year ROIIC % is 5.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current 5-Year ROIIC % is -88.77. 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 5-Year ROIIC % is -88.77. 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 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current 5-Year ROIIC % is -88.77 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:

  • 5-Year ROIIC %: -88.77
  • GF Value™: $27.31 vs. price of $32.60 (19.4% above fair value)
  • GF Score™: 86/100 with 2 warning signs

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

Other Exchanges N2V:Germany
Address 12612 West Alameda Parkway, Lakewood, CO, USA, 80228
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

5-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$32.60
Price
$27.31
GF Value