Wednesday 4 November 2026 Export NOVT’s income statement to Excel — free account

Novanta Inc.

NOVT Technology Scientific & Technical Instruments

Novanta Inc.’s revenue for fiscal 2025 (year ended December 2025) was $980.6 million, up 3.30% from fiscal 2024.

Revenue: +10.3%
EPS: +158.3%
Free cash flow: +391.8%
Total debt: −50.0%

Quarter to June 2026, against a year earlier

Revenue growth 5 yrs

144.88 2.61 −1.77%

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Market cap: $5.6B
P/E: 92.5×
Fwd P/E: 80.1×
Dividend yield: —
F-score: 5/9
Altman Z: 6.64
Beneish M: −2.25
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Novanta Inc. (NOVT) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, Novanta Inc. (NOVT) trades at a P/B ratio of 3.7×. Over the past ten years it has ranged from 1.7× (February 2016) to 12.9× (November 2021); the current reading is higher than 23% of that period. That is above the Scientific & Technical Instruments industry median of 3.3× and above the Technology sector median of 2.6×.

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<iframe src="https://stockrow.com/embed/NOVT/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Novanta Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NOVT/metrics/pb-ratio">Novanta Inc. (NOVT) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	3.3×	(55.02%)
FY2024	7.4×	(15.78%)
FY2023	8.7×	5.07%
FY2022	8.3×	(30.49%)
FY2021	12.0×	37.40%
FY2020	8.7×	17.33%
FY2019	7.4×	24.34%
FY2018	6.0×	5.83%
FY2017	5.6×	95.41%
FY2016	2.9×	50.06%

Period	P/B ratio	Change
Jun 2026	4.1×	13.02%
Mar 2026	3.6×	9.94%
Dec 2025	3.3×	(26.29%)
Sep 2025	4.5×	(22.44%)
42 more quarters	Free account

Against its own ten years

Low 1.7× High 12.9×

Ten-year median 7.0×

Current reading's percentile 16

Company	P/B ratio
ST Sensata Technologies Holding N.V. compare	2.0×
ITRI Itron, Inc. compare	2.5×
TRMB Trimble Inc. compare	3.0×
NOVT Novanta Inc.	3.7×
ESE ESCO Technologies Inc. compare	4.0×
VNT Vontier Corporation compare	4.3×
MKSI MKS Inc. compare	4.6×
CGNX Cognex Corporation compare	6.0×
BMI Badger Meter, Inc. compare	6.7×
Scientific & Technical Instruments industry median	3.3×
Technology sector median	2.6×
Market median	1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

Novanta Inc. (NOVT) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NOVT

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on NOVT

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