NOVT Novanta PE ratio, current and historical analysis
As of Nov 22, 2024, the Novanta stock's P/E ratio is 101.67. This results from the current EPS of $1.67 and stock price of $169.79. The PE ratio has increased by 9% from the past four quarters average of 93.4.
NOVT PE ratio history
The PE ratio of Novanta has averaged 70.47 over the last nine years. The current price-to-earnings ratio of 101.67 is 44% more than the historical average. In the past nine 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.
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
Currently, NOVT's PE ratio is above the 3, 5 and 10-year averages.
NOVT PE vs peers
| Stock name | PE ratio | Market cap |
|---|---|---|
| NOVT Novanta Inc | 101.67 | $6.1B |
| OBIO Orchestra BioMed Holdings Inc | N/A | $219.34M |
| OM Outset Medical Inc | N/A | $44.01M |
Frequently asked questions
What is Novanta's PE ratio?
NOVT stock has a price to earnings ratio of 101.67 as of Nov 22, 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 83.66.
What is the 5-year average PE ratio for Novanta (NOVT)?
The average PE ratio for NOVT stock over the past 5 years is 87.24.
What is the highest PE ratio for NOVT?
The highest quarterly PE ratio in the last nine 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 44% above its 9-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 (Nov 22, 2024), Novanta's stock price is $169.79. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $1.67. Therefore, Novanta's price to earnings ratio for today is 101.67. PE RATIO(101.67) = STOCK PRICE($169.79) / TTM EPS($1.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.