Nova Cannabis Inc
TSX:NOVC
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/E
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Valuation Scenarios
If P/E returns to its 3-Year Average (35), the stock would be worth CA$1.72 (1% downside from current price).
| Scenario | P/E Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 35.5 | CA$1.75 |
0%
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| 3-Year Average | 35 | CA$1.72 |
-1%
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| Industry Average | 20.6 | CA$1.02 |
-42%
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| Country Average | 18.6 | CA$0.92 |
-47%
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Forward P/E
Today’s price vs future net income
| Today's Market Cap | Net Income | Forward P/E | ||
|---|---|---|---|---|
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CA$108.6m
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/ |
Jul 2024
CA$3.1m
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= |
|
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CA$108.6m
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/ |
Dec 2024
CA$4.4m
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= |
|
|
CA$108.6m
|
/ |
Dec 2025
CA$12.7m
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= |
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Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.
Peer Comparison
| Market Cap | P/E | ||||
|---|---|---|---|---|---|
| CA |
|
Nova Cannabis Inc
TSX:NOVC
|
108.6m CAD | 35.5 | |
| JP |
|
Paris Miki Holdings Inc
TSE:7455
|
58T JPY | 27.7 | |
| CN |
|
Pop Mart International Group Ltd
HKEX:9992
|
210.6B HKD | 14.6 | |
| US |
|
Ulta Beauty Inc
NASDAQ:ULTA
|
23.4B USD | 20.6 | |
| CN |
|
China Tourism Group Duty Free Corp Ltd
SSE:601888
|
136.4B CNY | 38 | |
| US |
|
DICK'S Sporting Goods Inc
NYSE:DKS
|
19.5B USD | 23.3 | |
| US |
|
Tractor Supply Co
NASDAQ:TSCO
|
18.3B USD | 16.9 | |
| HK |
|
Chow Tai Fook Jewellery Group Ltd
HKEX:1929
|
108.1B HKD | 17.8 | |
| US |
|
Five Below Inc
NASDAQ:FIVE
|
12.6B USD | 36.3 | |
| NL |
G
|
Grandvision NV
F:8GV
|
7.2B EUR | 20.1 | |
| JP |
|
Sanrio Co Ltd
TSE:8136
|
1.1T JPY | 21.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 14.2 |
| Median | 18.6 |
| 70th Percentile | 29.3 |
| Max | 19 628.5 |
Other Multiples
Nova Cannabis Inc
Glance View
Nova Cannabis, Inc. is a national cannabis retail company. The company is headquartered in Edmonton, Alberta and currently employs 548 full-time employees. The company went IPO on 2019-01-07. The firm is focused on offering a range of cannabis products. The firm owns and operates 78 locations across Alberta, Ontario, and Saskatchewan, primarily under its Value Buds banner. The firm operates approximately 11 Value Buds stores, over six in Ontario and approximately five in Albert locations.
