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NOVT Novanta PE ratio, current and historical analysis

As of Jun 18, 2024, the Novanta stock's P/E ratio is 85.75. This results from the current EPS of $1.93 and stock price of $165.5. The PE ratio has increased by 4.9% from the past four quarters average of 81.8.

NOVT PE ratio history

How has NOVT's PE ratio performed in the past

The PE ratio of Novanta has averaged 67.48 over the last ten years. The current price-to-earnings ratio of 85.75 is 27% more than the historical average. In the past ten years, NOVT's PE ratio reached its highest point in the Mar 2018 quarter at 153.38, when the stock price was $52.15 and the EPS was $0.34. The lowest point was recorded in the Dec 2015 quarter, when it reached 13.22 with a price of $13.62 and an EPS of $1.03.

Average
67.48
Median
65.36
Minimum
13.22
Maximum
153.38

Novanta PE ratio by year

Maximum annual increase: 152.12% in 2016

Maximum annual decrease: -47.4% in 2022

Year PE ratio Change
2023 82.96 27.01%
2022 65.32 -47.4%
2021 124.18 33.4%
2020 93.09 22.1%
2019 76.24 76.69%
2018 43.15 -1.62%
2017 43.86 31.59%
2016 33.33 152.12%
2015 13.22 N/A
2014 N/A N/A

NOVT average PE ratio chart

What is the average PE ratio of NOVT for the past years

Currently, NOVT's PE ratio is above the 3, 5 and 10-year averages.

3-year avg
85.42
5-year avg
83.46
10-year avg
67.48
15-year avg
57.25

NOVT PE vs peers

What is NOVT's PE ratio compared to its peers
Stock name PE ratio Market cap
NOVT Novanta Inc 85.75 $5.94B
OBIO Orchestra BioMed Holdings Inc N/A $266.27M
OM Outset Medical Inc N/A $188.27M

Frequently asked questions

What is Novanta's PE ratio?

NOVT stock has a price to earnings ratio of 85.75 as of Jun 18, 2024.

What is the 3-year average PE ratio for Novanta (NOVT)?

The average PE ratio for NOVT stock over the past 3 years is 85.42.

What is the 5-year average PE ratio for Novanta (NOVT)?

The average PE ratio for NOVT stock over the past 5 years is 83.46.

What is the highest PE ratio for NOVT?

The highest quarterly PE ratio in the last ten years has been 153.38 and it was in the Mar 2018 quarter.

How does the current PE ratio for NOVT compare to its historical average?

NOVT's price to earnings ratio is currently 27% above its 10-year historical average.

Why is Novanta's PE ratio so high?

NOVT's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.

How is NOVT's PE ratio calculated (Novanta PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 18, 2024), Novanta's stock price is $165.5. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.93. Therefore, Novanta's price to earnings ratio for today is 85.75. PE RATIO(85.75) = STOCK PRICE($165.5) / TTM EPS($1.93)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.