Novanta Inc. Tangible Equity Units (NOVTU) Financial Ratios
1 years of historical data (2025–2025)
EV/EBITDA
12.92
—
5yr avg: N/A
P/FCF
48.44
—
5yr avg: N/A
P/B Ratio
1.84
—
5yr avg: N/A
ROE
4.1%
+0% vs avg
5yr avg: 4.1%
30Y Low4%·High4%
Debt/EBITDA
1.91
+0% vs avg
5yr avg: 1.91
30Y Low1.9·High1.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NOVTU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Novanta Inc. Tangible Equity Units trades at 44.8x earnings, sitting at the 50th percentile of its historical range. On a free-cash-flow basis, the stock trades at 48.4x P/FCF.
| Metric | TTM | FY 2025 |
|---|---|---|
| Market Cap | $2.3B | — |
| Enterprise Value | $2.3B | — |
| P/E Ratio → | 44.82 | — |
| P/S Ratio | 2.39 | — |
| P/B Ratio | 1.84 | — |
| P/FCF | 48.44 | — |
| P/OCF | 36.63 | — |
P/E links to full P/E history page with 30-year chart
NOVTU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Novanta Inc. Tangible Equity Units's enterprise value stands at 12.9x EBITDA.
| Metric | TTM | FY 2025 |
|---|---|---|
| EV / Revenue | — | — |
| EV / EBITDA | 12.92 | — |
| EV / EBIT | 19.77 | — |
| EV / FCF | — | — |
NOVTU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Novanta Inc. Tangible Equity Units earns an operating margin of 11.9%. ROE of 4.1% is modest. ROIC of 6.9% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 |
|---|---|---|
| Gross Margin | 41.6% | 41.6% |
| Operating Margin | 11.9% | 11.9% |
| Net Profit Margin | 5.5% | 5.5% |
Return on Capital
| Metric | TTM | FY 2025 |
|---|---|---|
| ROE | 4.1% | 4.1% |
| ROA | 3.0% | 3.0% |
| ROIC | 6.9% | 6.9% |
| ROCE | 7.3% | 7.3% |
NOVTU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Novanta Inc. Tangible Equity Units carries a Debt/EBITDA ratio of 1.9x, which is manageable. The company holds a net cash position — cash of $381M exceeds total debt of $342M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 |
|---|---|---|
| Debt / Equity | 0.26 | 0.26 |
| Debt / EBITDA | 1.91 | 1.91 |
| Net Debt / Equity | — | -0.03 |
| Net Debt / EBITDA | -0.22 | -0.22 |
| Debt / FCF | — | -0.81 |
| Interest Coverage | 5.43 | 5.43 |
Net cash position: cash ($381M) exceeds total debt ($342M)
NOVTU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Novanta Inc. Tangible Equity Units's current ratio of 3.69x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.80x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 |
|---|---|---|
| Current Ratio | 3.69 | 3.69 |
| Quick Ratio | 2.80 | 2.80 |
| Cash Ratio | 1.79 | 1.79 |
| Asset Turnover | — | 0.54 |
| Inventory Turnover | 3.04 | 3.04 |
| Days Sales Outstanding | — | 68.82 |
NOVTU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Novanta Inc. Tangible Equity Units returns 1.7% to shareholders annually primarily through share buybacks. The earnings yield of 2.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 |
|---|---|---|
| Dividend Yield | — | — |
| Payout Ratio | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 |
|---|---|---|
| Earnings Yield | 2.2% | — |
| FCF Yield | 2.1% | — |
| Buyback Yield | 1.7% | — |
| Total Shareholder Yield | 1.7% | — |
| Shares Outstanding | — | $37M |
Peer Comparison
Compare NOVTU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NOVTUYou | $2B | 44.8 | 12.9 | 48.4 | 41.6% | 11.9% | 4.1% | 6.9% | 1.9 |
 NOVT | $6B | 105.6 | 30.7 | 114.2 | 41.6% | 11.9% | 5.2% | 7.4% | 1.9 |
 MKSI | $27B | 93.0 | 34.5 | 55.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 COHR | $62B | -749.2 | 58.7 | 320.5 | 35.4% | 9.4% | 0.6% | 3.6% | 3.5 |
 IPGP | $5B | 161.7 | 57.6 | — | 38.0% | 1.3% | 1.5% | 0.6% | — |
 LSCC | $21B | 6893.3 | 364.7 | 158.9 | 68.2% | 2.9% | 0.4% | 1.8% | 1.4 |
 VIAV | $11B | 314.5 | 83.7 | 176.0 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 OSIS | $4B | 25.6 | 16.3 | 65.5 | 34.3% | 12.7% | 16.5% | 11.5% | 2.6 |
 CGNX | $11B | 97.2 | 56.1 | 46.6 | 66.9% | 16.3% | 7.6% | 9.0% | 0.4 |
 KLIC | $6B | 9999.0 | 420.4 | 66.2 | 42.5% | -0.5% | 0.0% | -0.3% | 2.6 |
 ONTO | $17B | 120.1 | 84.2 | 55.4 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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NOVTU — Frequently Asked Questions
Quick answers to the most common questions about buying NOVTU stock.
What is Novanta Inc. Tangible Equity Units's P/E ratio?
Novanta Inc. Tangible Equity Units's current P/E ratio is 44.8x. This places it at the 50th percentile of its historical range.
What is Novanta Inc. Tangible Equity Units's EV/EBITDA?
Novanta Inc. Tangible Equity Units's current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Novanta Inc. Tangible Equity Units's ROE?
Novanta Inc. Tangible Equity Units's return on equity (ROE) is 4.1%. The historical average is 4.1%.
Is NOVTU stock overvalued?
Based on historical data, Novanta Inc. Tangible Equity Units is trading at a P/E of 44.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Novanta Inc. Tangible Equity Units's profit margins?
Novanta Inc. Tangible Equity Units has 41.6% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Novanta Inc. Tangible Equity Units have?
Novanta Inc. Tangible Equity Units's Debt/EBITDA ratio is 1.9x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.