Natural Grocers by Vitamin Cottage price to free cash flow NGVC

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: 31.9×
9-year median: 18.5×
Against its 9-year history: 89th; percentile: 0 is its lowest day, 100 its highest
9-year range: 5.7× to 47.6×
Peer median: 11.9×

Natural Grocers by Vitamin Cottage's price to free cash flow is 31.9× as of Oct 23, 2026.

That is above its 9-year median of 18.5×, higher than on 89% of days in the last 9 years.

Over that time it ranged from 5.7× in Sep 2020 to 47.6× in May 2025.

The median for 4 grocers of a similar size is 11.9×.

Price to free cash flow over time

median 18.5×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	31.9×	13.6×	43.8×
2025	24.7×	16.7×	47.6×
2024	24.8×	12.2×	32.1×
2023	13.0×	13.0×	35.1×
2022	17.8×	8.9×	19.4×
2021	11.7×	6.4×	21.2×
2020	7.8×	5.7×	32.3×
2019	30.8×	14.4×	37.0×
2018	18.4×	15.9×	37.2×
2017	n/m a value too high to mean anything
2016	71.0×	71.0×	114×
2015	108×	87.2×	194×

Against its peers

Companies in Grocery Stores nearest Natural Grocers by Vitamin Cottage's size, closest first, today.

Company	Price to free cash flow
NGVCNatural Grocers by Vitamin Cottage	31.9×
VLGEAVillage Super Market	12.1×
ARKOARKO	11.6×
IMKTAIngles Markets	11.2×
SFMSprouts Farmers Market	17.3×
Peer median	11.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Natural Grocers by Vitamin Cottage

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.