AlphaStocks
5.1
Consider Buy

NOVANTA INC (NOVT)

Information Technology / Electronic Equipment & Instruments

S&P MidCap 400

$118.48

Below average on several measures. Research carefully.

Consider Buy

Score based on 5 of 5 models — high confidence

#534out of 1127 in Information Technology

Is NOVANTA INC a Good Investment in 2026?

NOVANTA INC (NOVT) scores 5.1 out of 10 on AlphaStocks' composite model, earning a Consider Buy rating. The Piotroski model rates NOVANTA INC as Attractive (6/9). However, the Greenblatt Magic Formula model rates it Caution — Bottom half (rank 64%). NOVANTA INC currently trades above its estimated fair value of $76, suggesting limited upside at current prices. NOVANTA INC ranks #534 out of 1127 stocks in the Information Technology sector.

This summary is algorithmically generated and is not financial advice.

Key Metrics

P/E80.8ROE5.1Market Cap4B

Estimated Fair Value

$76.2655% above

Trading above estimated fair value. P/e of 81x implies high growth expectations. eps growth of -17% may not justify the premium.

Model-based estimate, not a price target.

5-Model Analysis

Each model evaluates this stock from a different angle. Combined, they form the composite score above.

Piotroski

Attractive

6/9

Buffett

Neutral

Business quality & competitive moat

Graham

Neutral

Significantly above fair value

Lynch

Neutral

High PEG — growth premium · Stalwart

Greenblatt

Caution

Bottom half (rank 64%)

Frequently Asked Questions

Is NOVANTA INC (NOVT) a good investment?
Based on AlphaStocks' composite analysis, NOVANTA INC (NOVT) scores 5.1 out of 10, earning a Consider Buy rating. This score is below average, suggesting caution. Trading above estimated fair value. P/e of 81x implies high growth expectations. eps growth of -17% may not justify the premium.
What is NOVANTA INC's Piotroski F-Score?
NOVANTA INC's Piotroski F-Score status is Attractive. The raw score is 6/9. The Piotroski F-Score evaluates financial health using 9 fundamental signals including profitability, leverage, and operating efficiency.
Is NOVT overvalued or undervalued?
Based on AlphaStocks' model-based fair value estimate of $76, NOVT appears overvalued. The stock currently trades 55% above its estimated fair value. Trading above estimated fair value. P/e of 81x implies high growth expectations. eps growth of -17% may not justify the premium.
How does NOVT compare to other Information Technology stocks?
NOVANTA INC ranks #534 out of 1127 stocks in the Information Technology sector, placing it in the top 47% of its sector by composite score. This is an above-average position relative to sector peers.
What do investment models say about NOVT?
AlphaStocks evaluates NOVT using five proven investment models. Piotroski: Attractive; Buffett: Neutral; Graham: Neutral; Lynch: Neutral; Greenblatt Magic Formula: Caution. These models are combined into a single composite score of 5.1/10.

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Scores are algorithm-generated research tools, not investment recommendations. Past performance does not guarantee future results. Always do your own due diligence. Full disclaimer