Natural Grocers by Vitamin Cottage (NGVC) Financial Ratios

For fiscal 2025 (fiscal year ended Sep 30, 2025), Natural Grocers by Vitamin Cottage had a P/E ratio of 19.77 (down from 19.94), return on equity of 24.0% (up from 19.7%), debt-to-equity of 1.56 (down from 1.99) and a current ratio of 1.06 (up from 0.90). A current ratio of 1.06 means current assets exceed current liabilities. Its dividend yield was 1.20% with a payout ratio of 23.7%.

Natural Grocers by Vitamin Cottage Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Valuation Ratios
P/E Ratio	19.77	19.94	12.63	11.46	12.33
Forward P/E	15.61	15.61	15.74	11.18	15.42
P/S Ratio	0.69	0.55	0.26	0.23	0.24
P/B Ratio	4.32	3.88	1.72	1.57	1.78
Price/Tangible Book	4.70	4.21	1.87	1.73	1.94
Price/FCF	38.09	18.68	10.47	21.00	9.22
Price/OCF	16.60	9.18	4.54	6.17	4.71
PEG Ratio	25.00	25.00	25.00	25.00	25.00
Enterprise Value Ratios
EV/Revenue	0.93	0.83	0.58	0.57	0.61
EV/EBITDA	12.94	12.56	10.45	10.15	10.81
EV/EBIT	19.96	20.89	20.09	18.94	21.99
EV/FCF	51.43	28.37	23.62	53.72	23.51
Profitability & Returns
Return on Equity (ROE)	24.02%	19.67%	14.23%	14.31%	13.03%
Return on Assets (ROA)	5.85%	4.64%	3.09%	3.14%	2.75%
Return on Invested Capital (ROIC)	9.42%	7.54%	5.10%	4.81%	4.36%
Return on Capital Employed (ROCE)	12.10%	10.00%	6.40%	6.30%	5.60%
Leverage & Solvency Ratios
Debt/Equity	1.56	1.99	2.17	2.52	2.81
Debt/EBITDA	2.13	2.48	3.05	3.35	3.47
Debt/FCF	13.78	9.57	13.20	33.75	14.59
Liquidity Ratios
Current Ratio	1.06	0.90	0.99	1.02	1.01
Quick Ratio	0.18	0.13	0.19	0.16	0.24
Efficiency Ratios
Asset Turnover	2.01	1.88	1.71	1.65	1.58
Inventory Turnover	6.95	6.89	6.55	6.87	7.13
Yield & Distribution Ratios
Earnings Yield	5.06%	5.01%	7.92%	8.73%	8.11%
FCF Yield	2.63%	5.35%	9.55%	4.76%	10.85%
Dividend Yield	1.20%	1.35%	3.10%	3.71%	2.50%
Payout Ratio	23.70%	27.01%	39.10%	42.44%	30.70%
Buyback Yield	-0.74%	-1.09%	-0.08%	-0.46%	-0.59%
Total Return	0.46%	0.26%	3.02%	3.24%	1.91%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Natural Grocers by Vitamin Cottage Financial Ratios

What is Natural Grocers by Vitamin Cottage's P/E ratio?

Natural Grocers by Vitamin Cottage's P/E ratio was 19.77 for fiscal 2025 (period ended Sep 30, 2025). It was 19.94 a year earlier.

What is Natural Grocers by Vitamin Cottage's return on equity?

Natural Grocers by Vitamin Cottage's return on equity (ROE) was 24.0% for fiscal 2025 (period ended Sep 30, 2025). It was 19.7% a year earlier.

What is Natural Grocers by Vitamin Cottage's debt-to-equity ratio?

Natural Grocers by Vitamin Cottage's debt-to-equity ratio was 1.56 for fiscal 2025 (period ended Sep 30, 2025). It was 1.99 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition