Novanta Inc
NASDAQ:NOVT

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Novanta Inc
NASDAQ:NOVT
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Price: 155.56 USD 1.13%
Market Cap: 5.6B USD
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Relative Value

The Relative Value of one NOVT stock under the Base Case scenario is 153.76 USD. Compared to the current market price of 155.56 USD, Novanta Inc is Overvalued by 1%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOVT Relative Value
Base Case
153.76 USD
Overvaluation 1%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
25
vs Industry
10
Median 3Y
6.6
Median 5Y
6.5
Industry
1.8
Forward
5.8
vs History
12
vs Industry
5
Median 3Y
82.7
Median 5Y
86.1
Industry
23.2
Forward
50.3
vs History
53
vs Industry
11
Median 3Y
52.5
Median 5Y
48.6
Industry
14.6
vs History
58
vs Industry
18
Median 3Y
31
Median 5Y
45.8
Industry
20
vs History
57
vs Industry
4
Median 3Y
8.9
Median 5Y
8.9
Industry
2
vs History
23
vs Industry
8
Median 3Y
7
Median 5Y
7
Industry
1.8
Forward
6.1
vs History
28
vs Industry
16
Median 3Y
15.7
Median 5Y
15.7
Industry
7.4
vs History
26
vs Industry
12
Median 3Y
37.3
Median 5Y
37.4
Industry
14.8
Forward
28
vs History
36
vs Industry
9
Median 3Y
53.1
Median 5Y
54.7
Industry
18.3
Forward
34.8
vs History
52
vs Industry
10
Median 3Y
56.3
Median 5Y
51
Industry
14.4
vs History
50
vs Industry
9
Median 3Y
71
Median 5Y
59.3
Industry
17.9
vs History
47
vs Industry
7
Median 3Y
5.3
Median 5Y
5.3
Industry
1.6

Multiples Across Competitors

NOVT Competitors Multiples
Novanta Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Novanta Inc
NASDAQ:NOVT
5.6B USD 6.1 92.9 35 50.6
JP
Keyence Corp
TSE:6861
15.4T JPY 15.1 40.4 26.4 27.2
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
291.6B CNY 3.1 21.8 17.5 17.5
US
Keysight Technologies Inc
NYSE:KEYS
28.3B USD 5.7 46.1 25.6 33.9
SE
Hexagon AB
STO:HEXA B
283.7B SEK 4.6 24.4 14.7 19
US
Teledyne Technologies Inc
NYSE:TDY
22.2B USD 4 23.5 18.2 23.8
US
Zebra Technologies Corp
NASDAQ:ZBRA
20.4B USD 4.4 53.4 27.1 34.6
US
Trimble Inc
NASDAQ:TRMB
17.6B USD 4.8 11.9 29.6 42.9
IL
Mobileye Global Inc
NASDAQ:MBLY
15.4B USD 8.5 -5.2 104.2 -37.9
UK
Halma PLC
LSE:HLMA
10.3B GBP 5.1 38.3 22.8 29.2
JP
Shimadzu Corp
TSE:7701
1.3T JPY 2.5 25.1 12.9 16.3
P/E Multiple
Earnings Growth P/E to Growth
US
Novanta Inc
NASDAQ:NOVT
Average P/E: 37.8
92.9
123%
0.8
JP
Keyence Corp
TSE:6861
40.4
39%
1
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
21.8
37%
0.6
US
Keysight Technologies Inc
NYSE:KEYS
46.1
161%
0.3
SE
Hexagon AB
STO:HEXA B
24.4
58%
0.4
US
Teledyne Technologies Inc
NYSE:TDY
23.5
25%
0.9
US
Zebra Technologies Corp
NASDAQ:ZBRA
53.4
218%
0.2
US
Trimble Inc
NASDAQ:TRMB
11.9
166%
0.1
IL
M
Mobileye Global Inc
NASDAQ:MBLY
Negative Multiple: -5.2 N/A N/A
UK
Halma PLC
LSE:HLMA
38.3
50%
0.8
JP
Shimadzu Corp
TSE:7701
25.1
20%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Novanta Inc
NASDAQ:NOVT
Average EV/EBIT: 29.5
50.6
86%
0.6
JP
Keyence Corp
TSE:6861
27.2
N/A N/A
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
17.5
43%
0.4
US
Keysight Technologies Inc
NYSE:KEYS
33.9
112%
0.3
SE
Hexagon AB
STO:HEXA B
19
15%
1.3
US
Teledyne Technologies Inc
NYSE:TDY
23.8
30%
0.8
US
Zebra Technologies Corp
NASDAQ:ZBRA
34.6
102%
0.3
US
Trimble Inc
NASDAQ:TRMB
42.9
113%
0.4
IL
M
Mobileye Global Inc
NASDAQ:MBLY
Negative Multiple: -37.9 N/A N/A
UK
Halma PLC
LSE:HLMA
29.2
45%
0.7
JP
Shimadzu Corp
TSE:7701
16.3
N/A N/A

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