Novanta Inc. (NOVT) P/E Ratio History
ExpensiveTrading at 105.6x vs 5Y avg 84.7x · 80th percentile · Material premium to history · Data 2000–2026
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P/E Ratio Analysis
As of June 22, 2026, Novanta Inc. (NOVT) trades at a price-to-earnings ratio of 105.6x, with a stock price of $155.30 and trailing twelve-month earnings per share of $1.31.
The current P/E is 25% above its 5-year average of 84.7x. 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 80th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, NOVT trades at a 264% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
The PEG ratio of 32.06 (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 24.4x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NOVT P/E vs Peers
Photonics, Lasers and Optical Components peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $27B | 93.0 | - | +56% | |
| $11B | 97.2 | - | +10% | |
| $6B | 9999.0 | - | +100% | |
| $5B | 161.7 | - | +118% | |
| $14B | 97.0 | 51.85 | +169% | |
| $21B | 6893.3 | - | -95% | |
| $11B | 314.5 | 68.90 | +225%Best | |
| $144B | 51.7 | 2.37Best | +23% | |
| $118B | 36.6Lowest | 2.46 | +8% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NOVT Historical P/E Data (2000–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Apr 03 2026 | $117.04 | $1.38 | 84.8x | +69% |
| FY2025 Q4 | Dec 31 2025 | $118.99 | $1.46 | 81.5x | +62% |
| FY2025 Q3 | Sep 26 2025 | $101.03 | $1.47 | 68.7x | +37% |
| FY2025 Q2 | Jun 27 2025 | $130.00 | $1.70 | 76.5x | +52% |
| FY2025 Q1 | Mar 28 2025 | $129.08 | $1.96 | 65.9x | +31% |
| FY2024 Q4 | - | $152.77 | $1.78 | 85.8x | +71% |
| FY2024 Q3 | Sep 27 2024 | $176.47 | $1.67 | 105.7x | +111% |
| FY2024 Q2 | Jun 28 2024 | $163.11 | $1.73 | 94.3x | +88% |
| FY2024 Q1 | Mar 29 2024 | $174.77 | $1.93 | 90.6x | +81% |
| FY2023 Q4 | Dec 31 2023 | $168.41 | $2.03 | 83.0x | +65% |
| FY2023 Q3 | Sep 29 2023 | $143.44 | $2.10 | 68.3x | +36% |
| FY2023 Q2 | Jun 30 2023 | $184.10 | $2.14 | 86.0x | +71% |
| FY2023 Q1 | Mar 31 2023 | $159.09 | $2.05 | 77.6x | +55% |
| FY2022 Q4 | Dec 31 2022 | $135.87 | $2.07 | 65.6x | +31% |
| FY2022 Q3 | Sep 30 2022 | $115.65 | $2.03 | 57.0x | +14% |
| FY2022 Q2 | Jul 01 2022 | $119.58 | $1.78 | 67.2x | +34% |
| FY2022 Q1 | Apr 01 2022 | $141.24 | $1.62 | 87.2x | +74% |
| FY2021 Q4 | Dec 31 2021 | $176.33 | $1.41 | 125.1x | +149% |
| FY2021 Q3 | Oct 01 2021 | $153.30 | $1.38 | 111.1x | +121% |
| FY2021 Q2 | Jul 02 2021 | $137.37 | $1.23 | 111.7x | +123% |
| FY2021 Q1 | Apr 02 2021 | $134.86 | $1.23 | 109.6x | +119% |
| FY2020 Q4 | - | $118.22 | $1.25 | 94.6x | +89% |
| FY2020 Q3 | Oct 02 2020 | $107.40 | $1.16 | 92.6x | +85% |
| FY2020 Q2 | Jul 03 2020 | $106.90 | $1.18 | 90.6x | +81% |
| FY2020 Q1 | Apr 03 2020 | $67.25 | $1.14 | 59.0x | +18% |
| FY2019 Q4 | - | $88.44 | $1.15 | 76.9x | +53% |
| FY2019 Q3 | Sep 27 2019 | $81.08 | $1.22 | 66.5x | +32% |
| FY2019 Q2 | Jun 28 2019 | $94.30 | $1.57 | 60.1x | +20% |
| FY2019 Q1 | Mar 29 2019 | $84.73 | $1.60 | 53.0x | +6% |
| FY2018 Q4 | Dec 31 2018 | $63.00 | $1.43 | 44.1x | -12% |
| FY2018 Q3 | Sep 28 2018 | $68.40 | $1.10 | 62.3x | +24% |
| FY2018 Q2 | Jun 29 2018 | $62.30 | $0.50 | 125.5x | +150% |
| FY2018 Q1 | Mar 30 2018 | $52.15 | $0.34 | 155.1x | +209% |
| FY2017 Q4 | Dec 31 2017 | $50.00 | $1.14 | 44.0x | -12% |
| FY2017 Q3 | Sep 29 2017 | $43.60 | $1.36 | 32.1x | -36% |
| FY2017 Q2 | Jun 30 2017 | $36.00 | $1.57 | 22.9x | -54% |
| FY2017 Q1 | Mar 31 2017 | $26.55 | $1.55 | 17.1x | -66% |
| FY2016 Q4 | Dec 31 2016 | $21.00 | $0.62 | 33.9x | -32% |
| FY2016 Q3 | Sep 30 2016 | $17.35 | $0.58 | 29.9x | -40% |
| FY2016 Q2 | Jul 01 2016 | $15.26 | $0.56 | 27.3x | -46% |
| FY2016 Q1 | Apr 01 2016 | $14.05 | $0.98 | 14.3x | -71% |
| FY2015 Q4 | - | $13.62 | $1.03 | 13.2x | -74% |
| FY2014 Q3 | Sep 26 2014 | $11.45 | $0.33 | 34.7x | -31% |
| FY2014 Q2 | Jun 27 2014 | $12.76 | $0.23 | 55.5x | +11% |
| FY2014 Q1 | Mar 28 2014 | $12.78 | $0.18 | 69.2x | +38% |
| FY2013 Q4 | - | $11.24 | $0.21 | 52.4x | +4% |
| FY2013 Q3 | Sep 27 2013 | $9.57 | $0.55 | 17.3x | -66% |
| FY2013 Q2 | Jun 28 2013 | $8.04 | $0.43 | 18.7x | -63% |
| FY2013 Q1 | Mar 29 2013 | $8.53 | $0.60 | 14.3x | -71% |
| FY2012 Q4 | Dec 31 2012 | $8.66 | $0.58 | 15.1x | -70% |
| FY2012 Q3 | Sep 28 2012 | $8.91 | $0.22 | 41.4x | -18% |
| FY2012 Q2 | Jun 29 2012 | $11.46 | $0.55 | 20.8x | -58% |
| FY2012 Q1 | Mar 30 2012 | $12.06 | $0.71 | 17.0x | -66% |
| FY2011 Q4 | Dec 31 2011 | $10.23 | $0.86 | 11.9x | -76% |
| FY2011 Q3 | Sep 30 2011 | $7.68 | $0.68 | 11.4x | -77% |
| FY2011 Q2 | Jul 01 2011 | $12.18 | $0.48 | 25.2x | -50% |
| FY2010 Q4 | Dec 31 2010 | $10.58 | $0.05 | 195.2x | +289% |
| FY2008 Q2 | Jun 27 2008 | $23.25 | $1.01 | 23.1x | -54% |
| FY2008 Q1 | Mar 28 2008 | $24.45 | $1.17 | 20.9x | -58% |
| FY2007 Q4 | Dec 31 2007 | $27.72 | $1.26 | 22.0x | -56% |
| FY2007 Q3 | Sep 28 2007 | $33.90 | $1.27 | 26.7x | -47% |
| FY2007 Q2 | Jun 29 2007 | $29.37 | $1.24 | 23.7x | -53% |
| FY2007 Q1 | Mar 30 2007 | $29.73 | $1.45 | 20.5x | -59% |
| FY2006 Q4 | Dec 31 2006 | $29.07 | $1.57 | 18.5x | -63% |
| FY2006 Q3 | Sep 29 2006 | $28.05 | $1.54 | 18.2x | -64% |
| FY2006 Q2 | Jun 30 2006 | $25.77 | $1.27 | 20.3x | -60% |
| FY2006 Q1 | Mar 31 2006 | $8.82 | $1.03 | 8.6x | -83% |
| FY2005 Q4 | Dec 31 2005 | $6.66 | $0.68 | 9.8x | -80% |
| FY2005 Q3 | Sep 30 2005 | $1.86 | $0.98 | 1.9x | -96% |
| FY2005 Q2 | Jul 01 2005 | $2.94 | $1.70 | 1.7x | -97% |
| FY2005 Q1 | Apr 01 2005 | $2.64 | $2.33 | 1.1x | -98% |
| FY2004 Q4 | Dec 31 2004 | $5.13 | $2.95 | 1.7x | -97% |
| FY2004 Q3 | Oct 01 2004 | $4.80 | $2.52 | 1.9x | -96% |
| FY2004 Q2 | Jul 02 2004 | $7.80 | $1.68 | 4.6x | -91% |
| FY2004 Q1 | Apr 02 2004 | $9.78 | $0.58 | 16.9x | -66% |
| FY2001 Q3 | Sep 28 2001 | $20.40 | $2.07 | 9.9x | -80% |
| FY2001 Q2 | Jun 29 2001 | $27.75 | $3.21 | 8.6x | -83% |
| FY2001 Q1 | Mar 30 2001 | $22.88 | $3.36 | 6.8x | -86% |
| FY2000 Q4 | Dec 31 2000 | $24.00 | $3.39 | 7.1x | -86% |
| FY2000 Q3 | Sep 29 2000 | $49.50 | $1.57 | 31.5x | -37% |
| FY2000 Q2 | Jun 30 2000 | $105.38 | $1.24 | 85.0x | +69% |
| FY2000 Q1 | Mar 31 2000 | $51.38 | $0.49 | 104.8x | +109% |
Average P/E for displayed period: 50.2x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
26+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NOVT — Frequently Asked Questions
Quick answers to the most common questions about buying NOVT stock.
What is NOVT's P/E ratio?
Novanta Inc. (NOVT) trailing twelve-month P/E ratio is 105.6x, based on TTM diluted EPS of $1.31. The 5-year average P/E is 84.7x and the historical range spans 57.0x to 125.1x.
Is NOVT stock overvalued or undervalued?
NOVT trades at 105.6x P/E, above its 5-year average of 84.7x. The 80th percentile ranking within the 57.0x–125.1x historical range indicates a premium to historical valuation.
Is NOVT stock expensive?
Yes, NOVT is expensive relative to its own history. The current P/E of 105.6x is above the 5-year average of 84.7x and also above the Technology sector median of 29.0x. The stock sits at the 80th percentile of its 5-year valuation range.
What is NOVT's historical P/E range?
Over the past 5 years, NOVT's P/E ratio has ranged from 57.0x to 125.1x, with a median of 84.8x and an average of 84.7x. The current P/E of 105.6x places the stock at the 80th percentile of this range. Full historical data spans 2000–2026.
How does NOVT's P/E compare to the S&P 500?
NOVT trades at 105.6x P/E versus the S&P 500 median of 24.4x. The 333% premium to the market typically reflects higher expected earnings growth or quality.
How does NOVT's valuation compare to Technology peers?
Novanta Inc. P/E of 105.6x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NOVT's PEG ratio?
NOVT PEG ratio is 32.06, based on a P/E of 105.6x and EPS growth of -16.9%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is NOVT's earnings yield?
NOVT earnings yield is 0.95%, the inverse of its 105.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.