Natural Grocers by Vitamin Cottage Inc (NGVC) is slightly undervalued and Weis Markets Inc (WMK) is overvalued.
Against our estimates of intrinsic value, NGVC trades at the wider discount: a margin of safety of +12%, against -46% for WMK.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $34.08; the price of $30.08 is 12% below that value, and 72% of that value comes from beyond year five.
Leak Score 47/100 on 9 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $49.68; the price of $72.72 is 46% above that value, and 81% of that value comes from beyond year five.
Leak Score 49/100 on 9 of 12 signals
| Metric | NGVC | WMK |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $30.08 | $72.72 |
| Intrinsic value | $34.08 | $49.68 |
| Margin of safety | +12% | -46% |
| Leak Score | 47/100 (9/12) | 49/100 (9/12) |
| Market cap | $693M | $1.8B |
| Revenue growth, 5 years | 5.1% | 3.8% |
| Operating margin | 4.7% | 2.3% |
| Net margin | 3.5% | 1.9% |
| Return on equity | 21.6% | 7.2% |
| Debt to equity | 1.35 | 0.12 |
| P/E | 14.7x | 18.7x |
| Forward P/E | 13.3x | — |
| P/B | 2.9x | 1.3x |
| Dividend yield | 1.7% | 1.9% |