Back to NOVT overview
#
NOVT Novanta
PE ratio, current and historical analysis

## NOVT PE ratio history

### Novanta PE ratio by year

## NOVT average PE ratio chart

## NOVT PE vs peers

## Frequently asked questions

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What is Novanta's PE ratio?

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

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

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What is the highest PE ratio for NOVT?

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

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Why is Novanta's PE ratio so high?

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

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.

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

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 |

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

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 |

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

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

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

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

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

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

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.