Novanta Inc. (NOVT) is a Industrials stock trading at $145.44 (as of 2026-08-20), with a market capitalization of $5.18B and a trailing P/E of 96.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Novanta Inc. designs, manufactures, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in medical and industrial markets. Its photonics offerings include laser and optical engine products; vision products include medical devices and imaging, operating-room visualization and recording technologies, data collection and machine vision; and precision motion provides encoders, motors, servo drives, and motion control.
Novanta designs and manufactures photonics, vision, and precision motion components and sub-systems, selling them to original equipment manufacturers (OEMs) in medical and industrial markets.
Revenue visibility and profit follow OEM order momentum, since the company reports overall Book-to-Bill Ratio above 1 (1.1) and very strong book-to-bill in key technology segments (Photonics 1.9, Vision 1.4, Precision Motion 1.43), while demand mix is split between medical (54% of sales) and advanced industrial (46%).
| Robotics & Aut. | $0.1B |
| Precision Motion | $0.1B |
| Vision | $0.1B |
| Photonics | $0.1B |
Business quality (Mixed): Good read on near-term demand momentum (book-to-bill) and product freshness (vitality index), with some segment order weakness visible (sub-1 book-to-bill in certain groupings).
Valuation: At 113× earnings, NOVT trades 220% above the Electrical Equipment average (35×). Note: one-time items can distort reported P/E.
| Price | $145.44 |
| Market Cap | $5.18B |
| P/E Ratio | 96.4 |
| EV / EBITDA | 33.2 |
| Price / Book | 3.95 |
| Price / Sales | 5.15 |
| FCF Yield | 1.3% |
| DCF Value (model) | $19.09 |
| DCF Upside vs Price | -86.9% |
| Revenue (TTM) | $980.60M |
| Net Margin | 5.5% |
| Revenue Growth (YoY) | 10.4% |
| EPS Growth (YoY) | -11.9% |
| FCF Growth (YoY) | 73.2% |
| Altman Z-Score | 7.66 (safe) |
| Piotroski F-Score | 6/9 (moderate) |
| Stock P/E | 96.4 |
| Sector P/E (Industrials) | 25.9 |
| Industry P/E (Electrical Equipment) | 37.8 |
| vs Sector | 272.4% |
| vs Industry | 155.2% |
| Top Institutional Holder | BlackRock, Inc. ($549.79M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 5 |
| Sector | Industrials |
| Industry | Electrical Equipment |
| CEO | Matthijs Glastra |
| Employees | 3,000 |
| Country | US |
| IPO Date | 1999-03-24 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.