As of Jul 25, 2024, the Novanta stock's P/E ratio is 94.51. This results from the current EPS of $1.93 and stock price of $182.4. The PE ratio has increased by 16% from the past four quarters average of 81.8.
The PE ratio of Novanta has averaged 67.83 over the last ten years. The current price-to-earnings ratio of 94.51 is 39% 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.
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 |
Currently, NOVT's PE ratio is above the 3, 5 and 10-year averages.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NOVT Novanta Inc | 96.06 | $6.65B |
| OM Outset Medical Inc | N/A | $193.96M |
| OBIO Orchestra BioMed Holdings Inc | N/A | $270.2M |
NOVT stock has a price to earnings ratio of 94.51 as of Jul 25, 2024.
The average PE ratio for NOVT stock over the past 3 years is 83.12.
The average PE ratio for NOVT stock over the past 5 years is 84.75.
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 39% 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 (Jul 25, 2024), Novanta's stock price is $182.4. 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 94.51. PE RATIO(94.51) = STOCK PRICE($182.4) / TTM EPS($1.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.