Greetings!
The question is right what it says on the tin. To elaborate, saying "No, they shouldn't stack," means that, for a creature with natural armor (like a Kobold) who also either wears armor (like a chain shirt) or gets an armor bonus from another source (mage armor, et al) will use the highest armor or natural armor bonus to AC.
I ask this because, after seeing what a low level character can amass in AC due to alter self, mage armor, and the like, I wonder if they should stack. (Mind you, in 3.5, they probably should, just to keep AC having some value in mid- and late-game.)