Novanta Inc (NOVT) is now in the Undervalued zone, suggesting that its current forward PE ratio of 31.31 is considered Undervalued compared with the five-year average of 46.68. The fair price of Novanta Inc (NOVT) is between 160.68 to 216.95 according to relative valuation method. Compared to the current price of 140.73 USD , Novanta Inc By Undervalued By 12.42%.

Relative Value

Fair Zone

160.68-216.95

Current Price：140.73

12.42%

Undervalued

P/E

EV/EBITDA

EV/EBIT

P/S

P/OCF

P/FCF

Trailing

Forward

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Novanta Inc (NOVT) has a current Price-to-Book (P/B) ratio of 4.97. Compared to its 3-year average P/B ratio of 7.76, the current P/B ratio is approximately -35.94% higher. Relative to its 5-year average P/B ratio of 8.61, the current P/B ratio is about -42.27% higher. Novanta Inc (NOVT) has a Forward Free Cash Flow (FCF) yield of approximately 2.58%. Compared to its 3-year average FCF yield of 2.11%, the current FCF yield is approximately 22.10% lower. Relative to its 5-year average FCF yield of 1.95%, the current FCF yield is about 32.16% lower.

Competitors Valuation Multiple

AI Analysis

The average P/S ratio for NOVT competitors is 2.34, providing a benchmark for relative valuation. Novanta Inc Corp (NOVT.O) exhibits a P/S ratio of 3.84, which is 63.88% above the industry average. Given its robust revenue growth of 8.52%, this premium appears unsustainable.

P/E

P/S

EV/EBITDA

EV/EBIT

Earnings Growth

Market Cap

Performance Decomposition

AI Analysis

Market capitalization of NOVT increased by 0.00% over the past 1 year(s). The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.

The secondary factor is the Unknown, contributed 0.00% to the performance.

Overall, the performance of NOVT in the past 1 year(s) is driven by Unknown.

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Frequently Asked Questions

Is NOVT currently overvalued or undervalued?

What is Novanta Inc (NOVT) fair value?

NOVT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. The fair price of Novanta Inc (NOVT) is between 160.68 to 216.95 according to relative valuation method.

How does NOVT's valuation metrics compare to the industry average?

The average P/S ratio for NOVT's competitors is 2.34, providing a benchmark for relative valuation. Novanta Inc Corp (NOVT) exhibits a P/S ratio of 3.84, which is 63.88% above the industry average. Given its robust revenue growth of 8.52%, this premium appears unsustainable.

What is the current P/B ratio for Novanta Inc (NOVT) as of Mar 03 2026?

As of Mar 03 2026, Novanta Inc (NOVT) has a P/B ratio of 4.97. This indicates that the market values NOVT at 4.97 times its book value.

What is the current FCF Yield for Novanta Inc (NOVT) as of Mar 03 2026?

As of Mar 03 2026, Novanta Inc (NOVT) has a FCF Yield of 2.58%. This means that for every dollar of Novanta Inc's market capitalization, the company generates 2.58 cents in free cash flow.

What is the current Forward P/E ratio for Novanta Inc (NOVT) as of Mar 03 2026?

As of Mar 03 2026, Novanta Inc (NOVT) has a Forward P/E ratio of 31.31. This means the market is willing to pay $31.31 for every dollar of Novanta Inc's expected earnings over the next 12 months.

What is the current Forward P/S ratio for Novanta Inc (NOVT) as of Mar 03 2026?

As of Mar 03 2026, Novanta Inc (NOVT) has a Forward P/S ratio of 3.84. This means the market is valuing NOVT at $3.84 for every dollar of expected revenue over the next 12 months.

NOVT Valuation