More stocks to consider
Alternative stocks to Novanta (NasdaqGS:NOVT)
These are the alternatives to Novanta that fall within the same industry, Electronic Equipment, or region, USA.
How to read the ranks
For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".
Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".
Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.
Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.
(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).
(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.
See Novanta Performance
Novanta stock research in summary
novanta.com
Novanta shares are more expensive than other comparable stocks. While they are safely financed, they show below average growth, and are poor value. We recommend evaluating whether the future of the company Novanta is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.
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| Country |
USA |
| Industry |
Electronic Equipment |
| Index |
|
| Size class |
Large |
Large companies - similar industry as Novanta
| Similar Stocks |
 VALUEVVV
|
 GROWTHVV
|
 SAFETYVV
|
 COMBINED
|
|
1. Sanmina (XL, US) Electr. Manufacturing Services
|
|
1. Sanmina (XL, US) Electr. Manufacturing Services
|
81
|
|
63
|
|
100
|
|
98
|
|
|
2. Vishay Intertechnology (XL, US) Electronic Components
|
|
2. Vishay Intertechnology (XL, US) Electronic Components
|
96
|
|
62
|
|
64
|
|
91
|
|
|
3. ScanSource (XL, US) Technology Distributors
|
|
3. ScanSource (XL, US) Technology Distributors
|
78
|
|
22
|
|
97
|
|
82
|
|
|
4. Arrow Electronics (XXL, US) Technology Distributors
|
|
4. Arrow Electronics (XXL, US) Technology Distributors
|
84
|
|
66
|
|
45
|
|
82
|
|
|
5. Plexus (XL, US) Electr. Manufacturing Services
|
|
5. Plexus (XL, US) Electr. Manufacturing Services
|
47
|
|
51
|
|
94
|
|
73
|
|
|
6. II-VI (XL, US) Electronic Components
|
|
6. II-VI (XL, US) Electronic Components
|
53
|
|
100
|
|
19
|
|
70
|
|
|
7. SYNNEX (XXL, US) Technology Distributors
|
|
7. SYNNEX (XXL, US) Technology Distributors
|
96
|
|
30
|
|
55
|
|
64
|
|
|
8. Corning (XXL, US) Electronic Components
|
|
8. Corning (XXL, US) Electronic Components
|
72
|
|
50
|
|
27
|
|
43
|
|
|
9. Avnet (XXL, US) Technology Distributors
|
|
9. Avnet (XXL, US) Technology Distributors
|
98
|
|
14
|
|
37
|
|
37
|
|
|
10. Keysight Technologies (XL, US) Electronic Equipment
|
|
10. Keysight Technologies (XL, US) Electronic Equipment
|
7
|
|
83
|
|
60
|
|
36
|
|
February 27, 2025
Why popular stocks have low ratings
It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.
Large companies - similar region as Novanta
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. World Fuel Services (XXL, US) Oil & Gas Refining
|
|
1. World Fuel Services (XXL, US) Oil & Gas Refining
|
83
|
|
71
|
|
76
|
|
100
|
|
|
2. Andersons (XXL, US) Food Distributors
|
|
2. Andersons (XXL, US) Food Distributors
|
87
|
|
63
|
|
80
|
|
100
|
|
|
3. Jones Lang LaSalle (XXL, US) Real Estate Services
|
|
3. Jones Lang LaSalle (XXL, US) Real Estate Services
|
62
|
|
90
|
|
94
|
|
100
|
|
|
4. Voya Financial (XL, US) Other Financial Services
|
|
4. Voya Financial (XL, US) Other Financial Services
|
87
|
|
45
|
|
91
|
|
100
|
|
|
5. Invesco (XL, US) Asset Management & Custody
|
|
5. Invesco (XL, US) Asset Management & Custody
|
96
|
|
59
|
|
72
|
|
100
|
|
|
6. First Republic Bank (XL, US) Regional Banks
|
|
6. First Republic Bank (XL, US) Regional Banks
|
100
|
|
59
|
|
92
|
|
100
|
|
|
7. Fluor (XXL, US) Construction & Engineering
|
|
7. Fluor (XXL, US) Construction & Engineering
|
91
|
|
65
|
|
98
|
|
100
|
|
|
8. Paramount (XXL, US) Broadcasting
|
|
8. Paramount (XXL, US) Broadcasting
|
97
|
|
97
|
|
89
|
|
100
|
|
|
9. Hub Group (XL, US) Air Freight & Logistics
|
|
9. Hub Group (XL, US) Air Freight & Logistics
|
69
|
|
85
|
|
100
|
|
100
|
|
|
10. Ensign Group (XL, US) Health Care Facilities
|
|
10. Ensign Group (XL, US) Health Care Facilities
|
64
|
|
66
|
|
93
|
|
100
|
|
February 27, 2025
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Mid sized companies - similar industry as Novanta
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Faro Technologies (M, US) Electronic Equipment
|
|
1. Faro Technologies (M, US) Electronic Equipment
|
38
|
|
46
|
|
89
|
|
98
|
|
|
2. Bel Fuse (M, US) Electronic Components
|
|
2. Bel Fuse (M, US) Electronic Components
|
88
|
|
82
|
|
68
|
|
89
|
|
|
3. Benchmark (L, US) Electr. Manufacturing Services
|
|
3. Benchmark (L, US) Electr. Manufacturing Services
|
97
|
|
35
|
|
82
|
|
88
|
|
|
4. ePlus (L, US) Technology Distributors
|
|
4. ePlus (L, US) Technology Distributors
|
64
|
|
38
|
|
100
|
|
87
|
|
|
5. TTM Technologies (L, US) Electr. Manufacturing Services
|
|
5. TTM Technologies (L, US) Electr. Manufacturing Services
|
91
|
|
73
|
|
45
|
|
81
|
|
|
6. Itron (L, US) Electronic Equipment
|
|
6. Itron (L, US) Electronic Equipment
|
42
|
|
46
|
|
94
|
|
80
|
|
|
7. Littelfuse (L, US) Electronic Components
|
|
7. Littelfuse (L, US) Electronic Components
|
46
|
|
54
|
|
85
|
|
75
|
|
|
8. OSI Systems (L, US) Electronic Equipment
|
|
8. OSI Systems (L, US) Electronic Equipment
|
57
|
|
69
|
|
49
|
|
72
|
|
|
9. Kimball Electronics (L, US) Electr. Manufacturing Services
|
|
9. Kimball Electronics (L, US) Electr. Manufacturing Services
|
95
|
|
17
|
|
71
|
|
71
|
|
|
10. PC Connection (L, US) Technology Distributors
|
|
10. PC Connection (L, US) Technology Distributors
|
93
|
|
35
|
|
57
|
|
69
|
|
February 27, 2025
Mid sized companies - similar region as Novanta
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Perdoceo Education (M, US) Education Services
|
|
1. Perdoceo Education (M, US) Education Services
|
85
|
|
83
|
|
100
|
|
100
|
|
|
2. CONMED (L, US) Health Care Equipment
|
|
2. CONMED (L, US) Health Care Equipment
|
99
|
|
55
|
|
78
|
|
100
|
|
|
3. NetScout (L, US) Communications Equipment
|
|
3. NetScout (L, US) Communications Equipment
|
91
|
|
39
|
|
100
|
|
100
|
|
|
4. BGC (L, US) Investment Banking & Brokerage
|
|
4. BGC (L, US) Investment Banking & Brokerage
|
65
|
|
83
|
|
65
|
|
100
|
|
|
5. National Fuel Gas (L, US) Gas Utilities
|
|
5. National Fuel Gas (L, US) Gas Utilities
|
57
|
|
100
|
|
75
|
|
100
|
|
|
6. Barrett (L, US) HR- & Employment Services
|
|
6. Barrett (L, US) HR- & Employment Services
|
90
|
|
77
|
|
97
|
|
100
|
|
|
7. APEI (M, US) Education Services
|
|
7. APEI (M, US) Education Services
|
69
|
|
67
|
|
94
|
|
100
|
|
|
8. AdvanSix (L, US) Commodity Chemicals
|
|
8. AdvanSix (L, US) Commodity Chemicals
|
97
|
|
57
|
|
98
|
|
100
|
|
|
9. Bio-Techne (L, US) Life Sciences Tools & Services
|
|
9. Bio-Techne (L, US) Life Sciences Tools & Services
|
63
|
|
77
|
|
81
|
|
100
|
|
|
10. TaskUs (L, US) Data Processing & Outsourcing
|
|
10. TaskUs (L, US) Data Processing & Outsourcing
|
72
|
|
75
|
|
98
|
|
100
|
|
February 27, 2025
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