Novanta Inc. (NOVT) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2025
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NOVT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Novanta Inc. (NOVT) trades at a price-to-earnings ratio of 92.7x, with a stock price of $136.28 and trailing twelve-month earnings per share of $1.39.
The current P/E is roughly in line with its 5-year average of 85.9x. Over the past five years, NOVT's P/E has ranged from a low of 57.0x to a high of 125.1x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, NOVT trades at a 235% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
The PEG ratio of 28.13 (P/E divided by -17% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NOVT commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NOVT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NOVT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $20B | 68.8 | - | +56% | |
| $11B | 96.9 | - | +10% | |
| $5B | 9999.0 | - | +100% | |
| $4B | 139.2 | - | +118% | |
| $13B | 91.7 | 48.97 | +169% | |
| $16B | 5377.6 | - | -95% | |
| $12B | 340.3 | 74.57 | +225%Best | |
| $161B | 57.6 | 2.65 | +23% | |
| $113B | 35.0Lowest | 2.36Best | +8% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NOVT Historical P/E Data (2000–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $118.99 | $1.46 | 81.5x | +64% |
| FY2025 Q3 | Fri Sep 26 2025 00:00:00 GM | $101.03 | $1.47 | 68.7x | +38% |
| FY2025 Q2 | Fri Jun 27 2025 00:00:00 GM | $130.00 | $1.70 | 76.5x | +54% |
| FY2025 Q1 | Fri Mar 28 2025 00:00:00 GM | $129.08 | $1.96 | 65.9x | +32% |
| FY2024 Q4 | $152.77 | $1.78 | 85.8x | +73% | |
| FY2024 Q3 | Fri Sep 27 2024 00:00:00 GM | $176.47 | $1.67 | 105.7x | +112% |
| FY2024 Q2 | Fri Jun 28 2024 00:00:00 GM | $163.11 | $1.73 | 94.3x | +90% |
| FY2024 Q1 | Fri Mar 29 2024 00:00:00 GM | $174.77 | $1.93 | 90.6x | +82% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $168.41 | $2.03 | 83.0x | +67% |
| FY2023 Q3 | Fri Sep 29 2023 00:00:00 GM | $143.44 | $2.10 | 68.3x | +37% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $184.10 | $2.14 | 86.0x | +73% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $159.09 | $2.05 | 77.6x | +56% |
Average P/E for displayed period: 49.7x
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonNOVT — Frequently Asked Questions
Quick answers to the most common questions about buying NOVT stock.
Is NOVT stock overvalued or undervalued?
NOVT trades at 92.7x P/E, near its 5-year average of 85.9x. The 70th percentile ranking places valuation within normal historical bounds.
How does NOVT's valuation compare to peers?
Novanta Inc. P/E of 92.7x compares to sector median of 27.7x. The premium reflects expected growth above peers.
What is NOVT's PEG ratio?
NOVT PEG ratio is 28.13. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2000-2025.