Start with its own history
At 13.86×, NGVC is 22.7% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · NGVCGrocery StoresUpdated Nov 2, 2026
Natural Grocers by Vitamin Cottage, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.86×
22.7% belowthe 10-year annual average
Share price29.13
÷Earnings per share2.101
Price and EPS in quote currency. Calculation details
Investors are paying 13.86 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 17.93×
3-year average17.46×3 positive annual observations
5-year average15.24×5 positive annual observations
10-year average17.93×10 positive annual observations
Peer median · TTM10.99×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 14 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2025 | 19.80× | -0.6% |
| Sep 30, 2024 | 19.93× | +57.4% |
| Sep 30, 2023 | 12.66× | +10.3% |
| Sep 30, 2022 | 11.48× | -6.9% |
| Sep 30, 2021 | 12.33× | +11.3% |
| Sep 30, 2020 | 11.08× | -53.4% |
| Sep 30, 2019 | 23.79× | -16.3% |
| Sep 30, 2018 | 28.40× | +57.8% |
View all 14 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 18.00× | -17.7% |
| Sep 30, 2016 | 21.88× | -30.6% |
| Sep 30, 2015 | 31.51× | +16.1% |
| Sep 30, 2014 | 27.13× | -67.9% |
| Sep 30, 2013 | 84.47× | +8.2% |
| Sep 30, 2012 | 78.10× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How NGVC compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 NGVC This stockNatural Grocers by Vitamin Cottage, Inc. | 13.86× |
 SENEASeneca Foods Corporation | 9.08× |
 JBSSJohn B. Sanfilippo & Son, Inc. | 10.99× |
 DNUTKrispy Kreme, Inc. | N/M |
 AVOMission Produce, Inc. | 386.21× |
 HLFHerbalife Nutrition Ltd. | 8.27× |
 KLCKinderCare Learning Companies, Inc. | N/M |
 VLGEAVillage Super Market, Inc. | 10.99× |
 EPCEdgewell Personal Care Company | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does NGVC’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 10.99×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take NGVC into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("NGVC", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 29.13 ÷ EPS 2.101 = 13.86×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
NGVC P/E ratio: common questions
The essentials behind the numbers.
Natural Grocers by Vitamin Cottage, Inc.'s current P/E is 13.86× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.