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The historical rank and industry rank for Natural Grocers by Vitamin Cottage's Shiller PE Ratio or its related term are showing as below:
NGVC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 12.24 Med: 23.86 Max: 62.23
Current: 27.05
During the past years, Natural Grocers by Vitamin Cottage's highest Shiller PE Ratio was 62.23. The lowest was 12.24. And the median was 23.86.
NGVC's Shiller PE Ratio is ranked worse than 68.02% of 197
companies
in the Retail - Defensive industry
Industry Median: 18.3
vs NGVC: 27.05
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Natural Grocers by Vitamin Cottage's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.11 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Natural Grocers by Vitamin Cottage (NYSE:NGVC) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Natural Grocers by Vitamin Cottage Shiller PE Ratio Related Terms
Natural Grocers by Vitamin Cottage Shiller PE Ratio 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 Shiller PE Ratio Chart
NGVC vs YSWY, VLGEA, DNUT: Shiller PE Ratio Comparison
For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Natural Grocers by Vitamin Cottage's Shiller PE Ratio falls into.
Natural Grocers by Vitamin Cottage Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Natural Grocers by Vitamin Cottage (NGVC) has a Shiller PE Ratio of 27.04 as of Jul. 25, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Natural Grocers by Vitamin Cottage and its competitors. This is 13% above median its historical median of 23.86. Over the past decade, Natural Grocers by Vitamin Cottage's Shiller PE Ratio has ranged from 12.24 to 62.23. According to the industry distribution chart, Natural Grocers by Vitamin Cottage ranks #134 out of 197 companies in the Retail - Defensive industry, placing it in the top 68%.
Is Natural Grocers by Vitamin Cottage's Shiller PE Ratio too high?
Natural Grocers by Vitamin Cottage's current Shiller PE Ratio of 27.04 is 13% above median its 10-year median of 23.86. Over the past 10 years, this metric has ranged from a low of 12.24 to a high of 62.23. The Retail - Defensive industry median Shiller PE Ratio is 18.30. Natural Grocers by Vitamin Cottage's value of 27.04 is 47.8% above this industry median. Based on the distribution chart, Natural Grocers by Vitamin Cottage ranks #134 out of 197 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Natural Grocers by Vitamin Cottage has a GF Scoreâ„¢ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Natural Grocers by Vitamin Cottage's Shiller PE Ratio compare to YSWY and VLGEA?
According to the Retail - Defensive industry distribution chart, Natural Grocers by Vitamin Cottage ranks #134 out of 197 companies for Shiller PE Ratio. This places Natural Grocers by Vitamin Cottage in the lower half of its industry. The industry median Shiller PE Ratio is 18.30. Natural Grocers by Vitamin Cottage's value of 27.04 is 47.8% above this benchmark. Historically, Natural Grocers by Vitamin Cottage's own Shiller PE Ratio has ranged from 12.24 to 62.23 over the past decade. While the company's 10-year median is 23.86 vs. the industry median of 18.30, 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 Shiller PE Ratio for a Retail - Defensive company?
The median Shiller PE Ratio among Retail - Defensive companies is 18.30, based on 197 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Natural Grocers by Vitamin Cottage's current Shiller PE Ratio of 27.04 is 47.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Natural Grocers by Vitamin Cottage and its competitors. For the Retail - Defensive industry, the median Shiller PE Ratio is 18.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Grocers by Vitamin Cottage's current Shiller PE Ratio is 27.04, which is 13% above median its own 10-year median of 23.86. 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 $27.41, compared to a current price of $30.01 — trading 9.5% above its estimated fair value. The current Shiller PE Ratio is 27.04, which is 13% above median its 10-year median of 23.86 and 47.8% above the Retail - Defensive industry median of 18.30. Natural Grocers by Vitamin Cottage's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Natural Grocers by Vitamin Cottage (NGVC), the current Shiller PE Ratio is 27.04 as of Jul. 25, 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 $30.01 is trading 9.5% above its estimated GF Value™ of $27.41.
GuruFocus considers Natural Grocers by Vitamin Cottage to be Fairly Valued.
Key valuation signals for NGVC:
Shiller PE Ratio: 27.04 (13% above median its 10-year median of 23.86)
GF Value™: $27.41 vs. price of $30.01 (9.5% above fair value)
Industry Position: 47.8% above the Retail - Defensive median (#134 of 197)
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.
85GF Score
Get the complete analysis for NGVC
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