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NOVT (Novanta) PB Ratio : 5.80 (As of Jul. 22, 2025)


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What is Novanta PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2025-07-22), Novanta's share price is $124.10. Novanta's Book Value per Share for the quarter that ended in Mar. 2025 was $21.40. Hence, Novanta's PB Ratio of today is 5.80.

The historical rank and industry rank for Novanta's PB Ratio or its related term are showing as below:

NOVT' s PB Ratio Range Over the Past 10 Years
Min: 1.65   Med: 7.77   Max: 12.88
Current: 5.8

During the past 13 years, Novanta's highest PB Ratio was 12.88. The lowest was 1.65. And the median was 7.77.

NOVT's PB Ratio is ranked worse than
86.53% of 2368 companies
in the Hardware industry
Industry Median: 1.97 vs NOVT: 5.80

During the past 12 months, Novanta's average Book Value Per Share Growth Rate was 12.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Novanta was 16.60% per year. The lowest was -40.10% per year. And the median was 6.60% per year.

Back to Basics: PB Ratio


Novanta PB Ratio Historical Data

The historical data trend for Novanta's PB Ratio 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.

* Premium members only.

Novanta PB Ratio Chart

Novanta Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.72 12.04 8.40 8.96 7.36

Novanta Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.20 8.34 8.66 7.36 5.97

Competitive Comparison of Novanta's PB Ratio

For the Scientific & Technical Instruments subindustry, Novanta's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Novanta's PB Ratio distribution charts can be found below:

* The bar in red indicates where Novanta's PB Ratio falls into.


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Novanta PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Novanta's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2025)
=124.10/21.403
=5.80

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Novanta  (NAS:NOVT) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Novanta PB Ratio Related Terms

Thank you for viewing the detailed overview of Novanta's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Novanta Business Description

Traded in Other Exchanges
Address
125 Middlesex Turnpike, Bedford, MA, USA, 01730
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in two segments: Automation Enabling Technologies and Medical Solutions. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.
Executives
Robert Buckley officer: Chief Financial Officer C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Matthijs Glastra officer: Group President,Laser Products C/O GSI GROUP CORPORATION, 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Thomas N Secor director GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brian S Young officer: Executive VP, Human Resources C/O 25 CORPORATE DRIVE, BURLINGTON MA 01803
Barbara B. Hulit director C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Michele Davis Welsh officer: General Counsel C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Solomon Darlene J. S. director 6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Peter L Chang officer: Vice President-Corp Controller C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Frank Anders Wilson director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Katherine Ann Owen director 2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Maxine Lum Mauricio director 301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Stephen W Bershad director 66 ARROYO HONDO TRAIL, SANTA FE NM 87508
Deborah Disanzo director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Lonny J Carpenter director 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Brian Douglas King director C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730