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Novanta (NOVT, Electronic Equipment & Instruments) Stock Valuation & Fair Value Significantly overvalued

Novanta (NOVT, Electronic Equipment & Instruments) trades at a blended P/E of 37.2, about 14% above its historical normal valuation, with a forward growth estimate of 16.7% and a PEG of 2.23. Analysts' one-year estimates have been hit 55% of the time. Priced at its historical normal P/E of 32.8 on the same blended earnings, the 2026-09-18 close of $133.14 corresponds to about $117 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
37.2
Normal P/E
32.8
PEG
2.23
Fwd growth
16.7%
Div yield
0.0%
RSI (14)
50.9
Neutral
Technical context
  • Price $144.43 at the 2026-09-23 close, 1.6% above the 20-day average ($142.13) and 2.2% below the 50-day ($147.61).
  • RSI (14) at 50.9.
  • 52-week range $99.22 to $168.75: the price is 14.4% below the high and 45.6% above the low.

The Street vs SeerForecast

Wall Street's mean price target for NOVT is $194.50 across 2 analysts, 34.7% above the current price. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been significantly overvalued since 2026-07-31.

Blended P/E and rating by weekBlended P/E moved from 40.0 to 37.2 between 2026-07-31 and 2026-09-21, against a normal P/E of 32.8, with 0 rating changes over 18 recorded weeks.2026-07-31: P/E 40.0, Significantly overvalued (recalculated)2026-08-03: P/E 41.1, Significantly overvalued2026-08-07: P/E 41.1, Significantly overvalued (recalculated)2026-08-10: P/E 47.1, Significantly overvalued2026-08-14: P/E 47.1, Significantly overvalued (recalculated)2026-08-17: P/E 47.1, Significantly overvalued2026-08-21: P/E 47.1, Significantly overvalued (recalculated)2026-08-24: P/E 41.0, Significantly overvalued2026-08-27: P/E 41.0, Significantly overvalued (recalculated)2026-08-28: P/E 41.0, Significantly overvalued (recalculated)2026-08-30: P/E 41.0, Significantly overvalued (recalculated)2026-08-31: P/E 40.0, Significantly overvalued2026-09-05: P/E 40.0, Significantly overvalued (recalculated)2026-09-07: P/E 41.7, Significantly overvalued2026-09-12: P/E 41.7, Significantly overvalued (recalculated)2026-09-14: P/E 41.1, Significantly overvalued2026-09-19: P/E 41.1, Significantly overvalued (recalculated)2026-09-21: P/E 37.2, Significantly overvalued35.040.045.0Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 32.8
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 40.0+22%Significantly overvalued
2026-08-10P/E 47.1+44%Significantly overvalued
2026-09-21P/E 37.2+14%Significantly overvalued ← now

Frequently asked questions

Is Novanta stock overvalued?

At a blended P/E of 37.2 versus its historical normal P/E of 32.8, Novanta trades about 14% above its typical valuation, with a PEG of 2.23 on 16.7% forward growth. tickerseer currently rates it significantly overvalued.

What is Novanta's fair value and PEG?

Novanta trades at a blended P/E of 37.2 against a historical normal P/E of 32.8, a PEG of 2.23, and a forward growth estimate of 16.7%. Priced at its historical normal P/E of 32.8 on the same blended earnings, the 2026-09-18 close of $133.14 corresponds to about $117 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Novanta changed?

tickerseer's rating has been significantly overvalued since 2026-07-31.

What is the analyst price target for Novanta?

The mean Wall Street price target for Novanta is $194.50 across 2 analysts, 34.7% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Electronic Equipment & Instruments. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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