Novanta Inc
NASDAQ:NOVT

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Novanta Inc
NASDAQ:NOVT
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Price: 169.79 USD 3.08% Market Closed
Market Cap: 6.1B USD
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Relative Value

The Relative Value of one NOVT stock under the Base Case scenario is 105.95 USD. Compared to the current market price of 169.79 USD, Novanta Inc is Overvalued by 38%.

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
105.95 USD
Overvaluation 38%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
25
vs Industry
10
Median 3Y
6.7
Median 5Y
6.5
Industry
1.7
Forward
6.2
vs History
12
vs Industry
5
Median 3Y
82.7
Median 5Y
85.6
Industry
22.6
Forward
51.8
vs History
53
vs Industry
11
Median 3Y
52.5
Median 5Y
49
Industry
14.3
vs History
58
vs Industry
18
Median 3Y
31
Median 5Y
46.1
Industry
20.2
vs History
57
vs Industry
4
Median 3Y
9
Median 5Y
8.9
Industry
1.9
vs History
23
vs Industry
8
Median 3Y
7.1
Median 5Y
7
Industry
1.8
Forward
6.6
vs History
28
vs Industry
16
Median 3Y
16.1
Median 5Y
15.7
Industry
7.3
vs History
26
vs Industry
12
Median 3Y
37.3
Median 5Y
37.3
Industry
14.8
Forward
30.4
vs History
36
vs Industry
9
Median 3Y
53.4
Median 5Y
54.7
Industry
18.2
Forward
35.9
vs History
52
vs Industry
10
Median 3Y
56.3
Median 5Y
51.5
Industry
14
vs History
50
vs Industry
9
Median 3Y
71
Median 5Y
61.5
Industry
17.4
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
6.1B USD 6.6 101.4 38 55
JP
Keyence Corp
TSE:6861
15.9T JPY 16 42.1 28.4 29.2
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
280.1B CNY 3 21 16.8 16.8
US
Keysight Technologies Inc
NYSE:KEYS
29.4B USD 5.9 47.9 26.6 35.3
US
Teledyne Technologies Inc
NYSE:TDY
22.6B USD 4 24 18.5 24.1
SE
Hexagon AB
STO:HEXA B
246.6B SEK 4 21.3 13 16.8
US
Zebra Technologies Corp
NASDAQ:ZBRA
20.5B USD 4.4 53.6 27.2 34.8
US
Trimble Inc
NASDAQ:TRMB
17.7B USD 4.9 12 29.7 43.1
IL
Mobileye Global Inc
NASDAQ:MBLY
14.6B USD 8.1 -4.9 98.4 -35.8
UK
Halma PLC
LSE:HLMA
10.2B GBP 5 37.8 22.5 28.8
JP
Shimadzu Corp
TSE:7701
1.3T JPY 2.4 24.2 12.3 15.7

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