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. In the quarter to June 2026, revenue grew 10.3%, EPS grew 158.3%, free cash flow grew 391.8% and total debt fell 50.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

128.79 6.01 −4.46%
Market cap
$5.1B
P/E
81.0×
Fwd P/E
62.9×
Dividend yield
—
F-score
5/9
Altman Z
6.64
Beneish M
−2.25
Dividend safety
n/a

Novanta Inc. (NOVT) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Novanta Inc. (NOVT) trades at a P/E ratio of 81.0×. Over the past ten years it has ranged from 0.0× (December 2015) to 135× (September 2021); the current reading is higher than 61% of that period. That is above the Scientific & Technical Instruments industry median of 33.2× and above the Technology sector median of 28.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 80.9× (5.69%)
FY2024 85.8× 6.04%
FY2023 80.9× 24.86%
FY2022 64.8× (47.80%)
FY2021 124× 32.35%
FY2020 93.8× 23.06%
FY2019 76.2× 75.17%
FY2018 43.5× (0.89%)
FY2017 43.9× 28.38%
FY2016 34.2× 158.68%

Quarterly newest first

Period P/E ratio Change
Jun 2026 102× 20.95%
Mar 2026 84.4× 4.22%
Dec 2025 80.9× 18.81%
Sep 2025 68.1× (10.17%)
42 more quarters

Against its own ten years

Low 0.0× High 135×
Ten-year median 73.4×
Current reading's percentile 57

P/E ratio against peers

Company P/E ratio
TRMB Trimble Inc. compare n/m
ITRI Itron, Inc. compare 13.6×
VNT Vontier Corporation compare 13.7×
ESE ESCO Technologies Inc. compare 20.5×
BMI Badger Meter, Inc. compare 29.6×
MKSI MKS Inc. compare 32.9×
CGNX Cognex Corporation compare 51.5×
ST Sensata Technologies Holding N.V. compare 66.5×
NOVT Novanta Inc. 81.0×
Scientific & Technical Instruments industry median 33.2×
Technology sector median 28.2×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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