NOVT Relative Valuation
NOVT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NOVT is overvalued; if below, it's undervalued.
Historical Valuation
Novanta Inc (NOVT) is now in the Undervalued zone, suggesting that its current forward PE ratio of 33.74 is considered Undervalued compared with the five-year average of 47.26. The fair price of Novanta Inc (NOVT) is between 127.46 to 170.80 according to relative valuation methord. Compared to the current price of 117.42 USD , Novanta Inc is Undervalued By 7.88%.
Relative Value
Fair Zone
127.46-170.80
Current Price：117.42
7.88%
Undervalued
33.74
PE
1Y
3Y
5Y
Trailing
Forward
18.49
EV/EBITDA
Novanta Inc. (NOVT) has a current EV/EBITDA of 18.49. The 5-year average EV/EBITDA is 28.40. The thresholds are as follows: Strongly Undervalued below 18.69, Undervalued between 18.69 and 23.55, Fairly Valued between 33.26 and 23.55, Overvalued between 33.26 and 38.12, and Strongly Overvalued above 38.12. The current Forward EV/EBITDA of 18.49 falls within the Strongly Undervalued range.
23.41
EV/EBIT
Novanta Inc. (NOVT) has a current EV/EBIT of 23.41. The 5-year average EV/EBIT is 36.18. The thresholds are as follows: Strongly Undervalued below 23.32, Undervalued between 23.32 and 29.75, Fairly Valued between 42.61 and 29.75, Overvalued between 42.61 and 49.05, and Strongly Overvalued above 49.05. The current Forward EV/EBIT of 23.41 falls within the Undervalued range.
3.94
PS
Novanta Inc. (NOVT) has a current PS of 3.94. The 5-year average PS is 5.88. The thresholds are as follows: Strongly Undervalued below 3.98, Undervalued between 3.98 and 4.93, Fairly Valued between 6.83 and 4.93, Overvalued between 6.83 and 7.79, and Strongly Overvalued above 7.79. The current Forward PS of 3.94 falls within the Strongly Undervalued range.
0.00
P/OCF
Novanta Inc. (NOVT) has a current P/OCF of 0.00. The 5-year average P/OCF is 30.52. The thresholds are as follows: Strongly Undervalued below -4.12, Undervalued between -4.12 and 13.20, Fairly Valued between 47.84 and 13.20, Overvalued between 47.84 and 65.17, and Strongly Overvalued above 65.17. The current Forward P/OCF of 0.00 falls within the Undervalued range.
0.00
P/FCF
Novanta Inc. (NOVT) has a current P/FCF of 0.00. The 5-year average P/FCF is 41.35. The thresholds are as follows: Strongly Undervalued below 0.44, Undervalued between 0.44 and 20.90, Fairly Valued between 61.81 and 20.90, Overvalued between 61.81 and 82.26, and Strongly Overvalued above 82.26. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.
Novanta Inc (NOVT) has a current Price-to-Book (P/B) ratio of 5.25. Compared to its 3-year average P/B ratio of 7.96 , the current P/B ratio is approximately -34.06% higher. Relative to its 5-year average P/B ratio of 8.71, the current P/B ratio is about -39.70% higher. Novanta Inc (NOVT) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 2.04%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 1.98% , the current FCF yield is about -100.00% lower.
5.25
P/B
Median3y
7.96
Median5y
8.71
2.51
FCF Yield
Median3y
2.04
Median5y
1.98
Competitors Valuation Multiple
The average P/S ratio for NOVT's competitors is , providing a benchmark for relative valuation. Novanta Inc Corp (NOVT) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 1.40%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NOVT decreased by 23.14% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 66.64 to 80.42.
The secondary factor is the Revenue Growth, contributed 1.40%to the performance.
Overall, the performance of NOVT in the past 1 year is driven by P/E Change. Which is more unsustainable.
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