As of today (2024-04-28), Novanta's share price is $159.41. Novanta's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.23. Hence, Novanta's Price to Tangible Book Ratio of today is 129.92.
The historical rank and industry rank for Novanta's Price-to-Tangible-Book or its related term are showing as below:
NOVT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.24 Med: 53.9 Max: 286.36
Current: 129.92
During the past 13 years, Novanta's highest Price to Tangible Book Ratio was 286.36. The lowest was 6.24. And the median was 53.90.
NOVT's Price-to-Tangible-Book is ranked worse than 99.78% of 2305
companies
in the Hardware industry
Industry Median: 2.03
vs NOVT: 129.92
A closely related ratio is called PB Ratio. As of today, Novanta's share price is $159.41. Novanta's Book Value per Sharefor the quarter that ended in Dec. 2023 was $18.80. Hence, Novanta's P/B Ratio of today is 8.48.
Novanta Price-to-Tangible-Book Historical Data
The historical data trend for Novanta's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Novanta's Price-to-Tangible-Book
For the Scientific & Technical Instruments subindustry, Novanta's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novanta's Price-to-Tangible-Book Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Novanta's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Novanta's Price-to-Tangible-Book falls into.
Novanta Price-to-Tangible-Book Calculation
Novanta's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Novanta Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Novanta's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.
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