Novanta Inc. Tangible Equity Units (NOVTU) P/E Ratio History
Fairly ValuedTrading at 42.8x, near 5Y avg of 39.9x · 67th percentile · In line with own history · Data 2025–2026
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P/E Ratio Analysis
As of October 3, 2026, Novanta Inc. Tangible Equity Units (NOVTU) trades at a price-to-earnings ratio of 42.8x, with a stock price of $62.92 and trailing twelve-month earnings per share of $1.50.
The current P/E is roughly in line with its 5-year average of 39.9x. Over the past five years, NOVTU's P/E has ranged from a low of 37.7x to a high of 43.2x, placing the current valuation at the 67th percentile of its historical range.
Relative to the broader market, NOVTU commands a significant premium over the S&P 500 median P/E of 24.5x. 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 NOVTU 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.
NOVTU Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NOVTU P/E vs Peers
Closest public peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $5B | 101.5 | 30.81 | -17% | |
| $19B | 63.9 | - | +56% | |
| $66B | 283.2 | - | +329%Best | |
| $4B | 115.1 | - | +118% | |
| $18B | 6009.0 | - | -95% | |
| $12B | 314.0 | 68.80 | +225% | |
| $3B | 22.6Lowest | 1.37Best | +18% | |
| $11B | 95.5 | - | +10% | |
| $5B | 9999.0 | - | +100% | |
| $16B | 117.9 | 3.41 | -32% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NOVTU Historical P/E Data (2025–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $67.40 | $1.56 | 43.2x | +8% |
| FY2026 Q1 | - | $53.64 | $1.38 | 38.9x | -3% |
| FY2025 Q4 | Dec 31 2025 | $54.98 | $1.46 | 37.7x | -6% |
Average P/E for displayed period: 39.9x
NOVTU Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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NOVTU — Frequently Asked Questions
Quick answers to the most common questions about buying NOVTU stock.
What is NOVTU's P/E ratio?
Novanta Inc. Tangible Equity Units (NOVTU) trailing twelve-month P/E ratio is 42.8x, based on TTM diluted EPS of $1.50. The 5-year average P/E is 39.9x and the historical range spans 37.7x to 43.2x.
Is NOVTU stock overvalued or undervalued?
NOVTU trades at 42.8x P/E, near its 5-year average of 39.9x. The 67th percentile ranking within the 37.7x–43.2x historical range places valuation within normal bounds.
Is NOVTU stock expensive?
NOVTU is fairly valued relative to its own history. The current P/E of 42.8x is near the 5-year average of 39.9x (67th percentile of historical range).
What is NOVTU's historical P/E range?
Over the past 5 years, NOVTU's P/E ratio has ranged from 37.7x to 43.2x, with a median of 38.9x and an average of 39.9x. The current P/E of 42.8x places the stock at the 67th percentile of this range. Full historical data spans 2025–2026.
How does NOVTU's P/E compare to the S&P 500?
NOVTU trades at 42.8x P/E versus the S&P 500 median of 24.5x. The 75% premium to the market typically reflects higher expected earnings growth or quality.
How does NOVTU's valuation compare to sector peers?
Novanta Inc. Tangible Equity Units P/E of 42.8x can be benchmarked against sector peers in the comparison table on this page.
What is NOVTU's PEG ratio?
NOVTU PEG ratio is N/A. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NOVTU's earnings yield?
NOVTU earnings yield is 2.34%, the inverse of its 42.8x 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.