Intrinsiqs

Is Novanta Inc. Tangible Equity Units overvalued?

Novanta Inc. Tangible Equity Units (NOVTU) looks undervalued — trading about 70% below its fair value.

Undervalued
Current price $51.30 Fair value $86.97
Price
$51.30
Fair value
$86.97
Current P/E
25.5
Normal P/E
43.2
Market cap
$1.94B
Dividend yield
6.2%
Return on equity
3.6%
Sector
Technology

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Fair value compares NOVTU's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 12 Nov 2026.