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. They show below average growth, are riskily financed, 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
|
|
100
|
|
|
2. Vishay Intertechnology (XL, US) Electronic Components
|
|
2. Vishay Intertechnology (XL, US) Electronic Components
|
99
|
|
61
|
|
76
|
|
95
|
|
|
3. Arrow Electronics (XXL, US) Technology Distributors
|
|
3. Arrow Electronics (XXL, US) Technology Distributors
|
83
|
|
65
|
|
41
|
|
74
|
|
|
4. Plexus (XL, US) Electr. Manufacturing Services
|
|
4. Plexus (XL, US) Electr. Manufacturing Services
|
51
|
|
47
|
|
95
|
|
72
|
|
|
5. ScanSource (XL, US) Technology Distributors
|
|
5. ScanSource (XL, US) Technology Distributors
|
77
|
|
9
|
|
95
|
|
65
|
|
|
6. SYNNEX (XXL, US) Technology Distributors
|
|
6. SYNNEX (XXL, US) Technology Distributors
|
97
|
|
19
|
|
56
|
|
59
|
|
|
7. Avnet (XXL, US) Technology Distributors
|
|
7. Avnet (XXL, US) Technology Distributors
|
99
|
|
7
|
|
50
|
|
50
|
|
|
8. Corning (XXL, US) Electronic Components
|
|
8. Corning (XXL, US) Electronic Components
|
65
|
|
63
|
|
23
|
|
44
|
|
|
9. Keysight Technologies (XL, US) Electronic Equipment
|
|
9. Keysight Technologies (XL, US) Electronic Equipment
|
7
|
|
75
|
|
51
|
|
29
|
|
|
10. Jabil (XXL, US) Electr. Manufacturing Services
|
|
10. Jabil (XXL, US) Electr. Manufacturing Services
|
79
|
|
33
|
|
13
|
|
27
|
|
March 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. Mueller Industries (XL, US) Industrial Machinery
|
|
1. Mueller Industries (XL, US) Industrial Machinery
|
69
|
|
95
|
|
100
|
|
100
|
|
|
2. ResMed (XL, US) Health Care Equipment
|
|
2. ResMed (XL, US) Health Care Equipment
|
61
|
|
85
|
|
88
|
|
100
|
|
|
3. Hub Group (XL, US) Air Freight & Logistics
|
|
3. Hub Group (XL, US) Air Freight & Logistics
|
74
|
|
77
|
|
96
|
|
100
|
|
|
4. Jones Lang LaSalle (XXL, US) Real Estate Services
|
|
4. Jones Lang LaSalle (XXL, US) Real Estate Services
|
66
|
|
94
|
|
94
|
|
100
|
|
|
5. Universal Health Services (XXL, US) Health Care Facilities
|
|
5. Universal Health Services (XXL, US) Health Care Facilities
|
91
|
|
51
|
|
88
|
|
100
|
|
|
6. Synchrony Financial (XXL, US) Consumer Finance
|
|
6. Synchrony Financial (XXL, US) Consumer Finance
|
81
|
|
59
|
|
91
|
|
100
|
|
|
7. PriceSmart (XL, US) Hypermarkets, Super Centers
|
|
7. PriceSmart (XL, US) Hypermarkets, Super Centers
|
83
|
|
45
|
|
93
|
|
100
|
|
|
8. Lithia Motors (XXL, US) Automotive Retail
|
|
8. Lithia Motors (XXL, US) Automotive Retail
|
100
|
|
89
|
|
71
|
|
100
|
|
|
9. First Republic Bank (XL, US) Regional Banks
|
|
9. First Republic Bank (XL, US) Regional Banks
|
100
|
|
61
|
|
93
|
|
100
|
|
|
10. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
|
10. Nexteer Automotive Group (XL, US) Auto Parts & Equipment
|
59
|
|
99
|
|
94
|
|
100
|
|
March 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
|
33
|
|
77
|
|
89
|
|
98
|
|
|
2. TTM Technologies (L, US) Electr. Manufacturing Services
|
|
2. TTM Technologies (L, US) Electr. Manufacturing Services
|
87
|
|
73
|
|
59
|
|
93
|
|
|
3. Climb Global Solutions (M, US) Technology Distributors
|
|
3. Climb Global Solutions (M, US) Technology Distributors
|
43
|
|
93
|
|
82
|
|
90
|
|
|
4. Benchmark (L, US) Electr. Manufacturing Services
|
|
4. Benchmark (L, US) Electr. Manufacturing Services
|
95
|
|
33
|
|
82
|
|
82
|
|
|
5. Bel Fuse (M, US) Electronic Components
|
|
5. Bel Fuse (M, US) Electronic Components
|
91
|
|
29
|
|
74
|
|
77
|
|
|
6. Advanced Energy (L, US) Electronic Equipment
|
|
6. Advanced Energy (L, US) Electronic Equipment
|
59
|
|
91
|
|
35
|
|
76
|
|
|
7. ePlus (L, US) Technology Distributors
|
|
7. ePlus (L, US) Technology Distributors
|
57
|
|
33
|
|
98
|
|
73
|
|
|
8. OSI Systems (L, US) Electronic Equipment
|
|
8. OSI Systems (L, US) Electronic Equipment
|
63
|
|
57
|
|
48
|
|
73
|
|
|
9. PC Connection (L, US) Technology Distributors
|
|
9. PC Connection (L, US) Technology Distributors
|
91
|
|
35
|
|
57
|
|
69
|
|
|
10. Daktronics (L, US) Electronic Equipment
|
|
10. Daktronics (L, US) Electronic Equipment
|
63
|
|
27
|
|
90
|
|
64
|
|
March 27, 2025
Mid sized companies - similar region as Novanta
| Similar Stocks |
VALUEVVV
|
GROWTHVV
|
SAFETYVV
|
COMBINED
|
|
1. Berkshire Hills Bancorp (M, US) Regional Banks
|
|
1. Berkshire Hills Bancorp (M, US) Regional Banks
|
49
|
|
100
|
|
88
|
|
100
|
|
|
2. Johnson Outdoors (M, US) Leisure Products
|
|
2. Johnson Outdoors (M, US) Leisure Products
|
87
|
|
85
|
|
89
|
|
100
|
|
|
3. Perdoceo Education (M, US) Education Services
|
|
3. Perdoceo Education (M, US) Education Services
|
79
|
|
75
|
|
98
|
|
100
|
|
|
4. Barrett (L, US) HR- & Employment Services
|
|
4. Barrett (L, US) HR- & Employment Services
|
94
|
|
67
|
|
100
|
|
100
|
|
|
5. KornFerry (L, US) HR- & Employment Services
|
|
5. KornFerry (L, US) HR- & Employment Services
|
79
|
|
68
|
|
92
|
|
100
|
|
|
6. Ocwen Financial (L, US) Thrifts & Mortgage Finance
|
|
6. Ocwen Financial (L, US) Thrifts & Mortgage Finance
|
91
|
|
100
|
|
88
|
|
100
|
|
|
7. TEGNA (L, US) Broadcasting
|
|
7. TEGNA (L, US) Broadcasting
|
77
|
|
93
|
|
90
|
|
100
|
|
|
8. Innospec (L, US) Specialty Chemicals
|
|
8. Innospec (L, US) Specialty Chemicals
|
39
|
|
45
|
|
100
|
|
100
|
|
|
9. Phibro Animal Health (L, US) Pharmaceuticals
|
|
9. Phibro Animal Health (L, US) Pharmaceuticals
|
94
|
|
83
|
|
68
|
|
100
|
|
|
10. Taboola.com (L, US) Interactive Media & Services
|
|
10. Taboola.com (L, US) Interactive Media & Services
|
96
|
|
21
|
|
81
|
|
100
|
|
March 27, 2025
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