Novanta Fair Value
NO
The fair market value of NOVT stock is 148.44 USD. Relative to the market price of 164.72 USD Novanta is overvalued by 9.9%
Eyestock's quantitative valuation approach is based on the method of estimating historical multipliers. To determine whether a stock is undervalued, we compare its current price to our estimated of fair value. The more undervalued a stock is, the more investment is profitable.
Fair Relative Value
Novanta Valuation
Current NOVT share ticker price is 164.72 USD.
The fair value level of 148.44 USD can be considered as an effective entry point for long-term investors to start investing in NOVT stock. For a more in-depth assessment, we provide a minimum value that can be used to increase a stock position and a maximum one that can be used to reduce it.
Price chart is not available
Current market price
Current price is 10% higher its fair value
Current price is 33% higher its minimum value
Current price is 11% lower its maximum value
Market price:
NOVT stock is overvalued
It means the current price may concern as a Risky Entry Point
Novanta Inc Stock Valuation Calculator
How do we value a stock?
As fair value, we use the product of the median Price-to-earnings ratios at the end of each reporting period for the last 5 years and earnings per share for the last 12 months. By analogy with the fair value, we calculate the maximum and minimum ones using the corresponding P/E extremums.
1
Maximum P/E over 5 years
109.4
2
Median P/E over 5 years
88.54
3
Minimum P/E over 5 years
66.23
4
Earning per share (last 12 months)
1.68 USD
Maximum value
1
x
4
=
183.42 USD
Fair value
2
x
4
=
148.44 USD
Minimum value
3
x
4
=
111.04 USD
Novanta Inc price metrics
15.16
Annual return (geometric mean)
40.02
Risk (standard deviation) of returns
β
1.3
Beta (volatility compared to market)