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Novanta Inc
NASDAQ:NOVT

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Novanta Inc
NASDAQ:NOVT
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Price: 117.35 USD 3.07% Market Closed
Market Cap: $4.2B

Relative Value

The Relative Value of one NOVT stock under the Base Case scenario is 142.34 USD. Compared to the current market price of 117.35 USD, Novanta Inc is Undervalued by 18%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOVT Relative Value
Base Case
142.34 USD
Undervaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

NOVT Competitors Multiples
Novanta Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Novanta Inc
NASDAQ:NOVT
4.2B USD 4.3 77.8 22.4 34.4
JP
Keyence Corp
TSE:6861
13.6T JPY 12.2 32.6 21.1 21.6
US
Keysight Technologies Inc
NYSE:KEYS
49.6B USD 8.7 51.6 40.9 55.2
CN
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
289B CNY 3.1 21.9 17.6 17.6
US
Teledyne Technologies Inc
NYSE:TDY
28.8B USD 4.7 32 20.2 26.1
CN
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
193.2B CNY 117.8 1 890.2 2 354.3 2 354.3
SE
Hexagon AB
STO:HEXA B
253.1B SEK 4.4 38.8 14.9 27.7
TW
Chroma ATE Inc
TWSE:2360
671.4B TWD 23.7 57.4 66.4 72.5
UK
Halma PLC
LSE:HLMA
13.7B GBP 6 41.3 24.5 30.6
CN
Huagong Tech Co Ltd
SZSE:000988
116.7B CNY 8.5 72.7 75.4 75.4
US
Trimble Inc
NASDAQ:TRMB
15.8B USD 4.4 37.1 20.5 27.2
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Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett