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Novanta price to free cash flow NOVT

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026
46.6×
10-year median
46.9×
Against its 10-year history
49th
percentile: 0 is its lowest day, 100 its highest
10-year range
17.0× to 102×
Peer median
18.9×

Novanta's price to free cash flow is 46.6× as of Oct 23, 2026.

That is below its ten-year median of 46.9×, close to the middle of its last ten years.

Over that time it ranged from 17.0× in Nov 2016 to 102× in Feb 2023.

The median for 10 industrial machinery stocks of a similar size is 18.9×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far46.6×38.7×102×
202542.8×26.5×47.6×
202448.4×45.4×63.2×
202358.2×42.6×102×
202283.2×49.9×99.6×
202166.5×33.3×66.5×
202034.9×33.5×89.1×
201981.2×28.6×84.2×
201828.7×27.3×44.6×
201737.3×21.2×40.7×
201621.1×14.2×21.5×
201516.5×9.8×17.7×
201411.9×8.2×11.9×
20139.9×9.4×15.3×
20129.0×6.4×9.3×

Against its peers

Companies in Industrial - Machinery nearest Novanta's size, closest first, today.

CompanyPrice to free cash flow
NOVTNovanta46.6×
POWLPowell Industries22.5×
JBTMJBT MAREL18.2×
AAONAaonn/m
TEXTerexn/m
ENSEnerSys8.4×
GTESGates Industrial15.7×
ALHAlliance Laundry16.5×
ESABESAB21.2×
TKRTimken19.7×
MIRMirion Technologies27.6×
Peer median18.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Novanta

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.