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Natural Grocers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Natural Grocers and similar public comparables like Cargills Ceylon, Halows, Krispy Kreme, Midi Utama Indonesia and more.
Natural Grocers Overview
About Natural Grocers
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.
Founded
2012
HQ
Employees
4.3K
Website
Financials (LTM)
EV
$920M
Natural Grocers Financials
Natural Grocers reported last 12-month revenue of $1B and EBITDA of $99M.
In the same LTM period, Natural Grocers generated $404M in gross profit, $99M in EBITDA, and $47M in net income.
Revenue (LTM)
Natural Grocers P&L
In the most recent fiscal year, Natural Grocers reported revenue of $1B and EBITDA of $95M.
Natural Grocers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $404M | XXX | $398M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $99M | XXX | $95M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $47M | XXX | $46M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Natural Grocers Stock Performance
Natural Grocers has current market cap of $618M, and enterprise value of $920M.
Market Cap Evolution
Natural Grocers' stock price is $26.84.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $920M | $618M | 0.0% | XXX | XXX | XXX | $2.02 |
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Start Free TrialNatural Grocers Valuation Multiples
Natural Grocers trades at 0.7x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
Natural Grocers Financial Valuation Multiples
As of March 19, 2026, Natural Grocers has market cap of $618M and EV of $920M.
Equity research analysts estimate Natural Grocers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Natural Grocers has a P/E ratio of 13.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $618M | XXX | $618M | XXX | XXX | XXX |
| EV (current) | $920M | XXX | $920M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 14.6x | XXX | 14.6x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.3x | XXX | XXX | XXX |
| P/E | 13.0x | XXX | 13.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 38.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Natural Grocers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Natural Grocers Margins & Growth Rates
Natural Grocers' revenue in the last 12 month grew by 6%.
Natural Grocers' revenue per employee in the last FY averaged $0.3M.
Natural Grocers' rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Natural Grocers' rule of X is 22% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Natural Grocers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 22% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Natural Grocers Public Comps
See public comps and valuation multiples for other General Merchandise and Supermarkets comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cargills Ceylon | XXX | XXX | XXX | XXX | XXX | XXX |
| Halows | XXX | XXX | XXX | XXX | XXX | XXX |
| Krispy Kreme | XXX | XXX | XXX | XXX | XXX | XXX |
| Midi Utama Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Village Supermarket | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Natural Grocers M&A Activity
Natural Grocers acquired XXX companies to date.
Last acquisition by Natural Grocers was on XXXXXXXX, XXXXX. Natural Grocers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Natural Grocers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNatural Grocers Investment Activity
Natural Grocers invested in XXX companies to date.
Natural Grocers made its latest investment on XXXXXXXX, XXXXX. Natural Grocers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Natural Grocers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Natural Grocers
| When was Natural Grocers founded? | Natural Grocers was founded in 2012. |
| Where is Natural Grocers headquartered? | Natural Grocers is headquartered in United States. |
| How many employees does Natural Grocers have? | As of today, Natural Grocers has over 4K employees. |
| Who is the CEO of Natural Grocers? | Natural Grocers' CEO is Kemper Isely. |
| Is Natural Grocers publicly listed? | Yes, Natural Grocers is a public company listed on NYSE. |
| What is the stock symbol of Natural Grocers? | Natural Grocers trades under NGVC ticker. |
| When did Natural Grocers go public? | Natural Grocers went public in 2012. |
| Who are competitors of Natural Grocers? | Natural Grocers main competitors are Cargills Ceylon, Halows, Krispy Kreme, Midi Utama Indonesia. |
| What is the current market cap of Natural Grocers? | Natural Grocers' current market cap is $618M. |
| What is the current revenue of Natural Grocers? | Natural Grocers' last 12 months revenue is $1B. |
| What is the current revenue growth of Natural Grocers? | Natural Grocers revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Natural Grocers? | Current revenue multiple of Natural Grocers is 0.7x. |
| Is Natural Grocers profitable? | Yes, Natural Grocers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Natural Grocers? | Natural Grocers' last 12 months EBITDA is $99M. |
| What is Natural Grocers' EBITDA margin? | Natural Grocers' last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Natural Grocers? | Current EBITDA multiple of Natural Grocers is 9.3x. |
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