Novanta develops precision motion control, photonics, and vision technologies for medical and advanced industrial equipment. Its components include laser and beam-delivery systems, optical scanners, encoders, motors, and automation subsystems. Manufacturers integrate these products into surgical devices, robotics, diagnostics, and other equipment where exact movement and sensing are essential.
Novanta Inc. (NOVT) has a MarketKingdoms composite score of 65.0 (B), an B-range rating. It ranks 820th of 1,866 covered companies, 118th of 176 in Technology (sector average 67.1) and 9th of 18 in Scientific & Technical Instruments. Scores as of 2026-10-26.
Its strongest lenses are Industry opportunity at 88 (Technology average 88) and KPI momentum at 88 (Technology average 84). Its weakest lenses are Price (valuation) at 31 (sector average 50) and Expansion (growth) at 36 (sector average 51).
| Lens | Type | NOVT | Technology average | Scientific & Technical Instruments average | Percentile in sector |
|---|---|---|---|---|---|
| Industry opportunity | Research signal | 88 | 88 | 88 | 42nd |
| Stock selection | Research signal | 84 | 82 | 81 | 59th |
| KPI momentum | Research signal | 88 | 84 | 83 | 68th |
| Catalyst watch | Research signal | 80 | 76 | 73 | 81st |
| Price (valuation) | Fundamental lens | 31 | 50 | 50 | 22nd |
| Expansion (growth) | Fundamental lens | 36 | 51 | 38 | 30th |
| Quality (profitability) | Fundamental lens | 40 | 50 | 44 | 30th |
| Trend (momentum) | Fundamental lens | 51 | 50 | 43 | 52nd |
The most recent call analysed was held on 2026-08-06 (fiscal 2026 Q2). After it the composite moved from 84.1 to 85.7. MarketKingdoms checks what management promised on each call against what it later delivered.
The composite at the time of each event; today's composite is 65.0.
The stock's valuation gap is +12.8%: its price is above the path its market, sector and industry moves explain (overvalued versus the model path). Factor sensitivity: market beta 1.04, sector beta 0.68, industry beta 0.93; the factor model explains 50% of its moves (R²).
| Company | Composite | Grade | Valuation gap |
|---|---|---|---|
| Keysight Technologies, Inc. (KEYS) | 74.0 | B+ | -5.7% |
| Garmin Ltd. (GRMN) | 70.1 | B+ | -2.1% |
| Mesa Laboratories, Inc. (MLAB) | 70.0 | B | -6.9% |
| Cognex Corporation (CGNX) | 69.3 | B | +1.6% |
| MKS Instruments, Inc. (MKSI) | 67.2 | B | -37.4% |
| Itron, Inc. (ITRI) | 66.8 | B | -7.4% |
| Teledyne Technologies Incorporated (TDY) | 66.5 | B | -7.2% |
| Trimble Inc. (TRMB) | 65.8 | B | -1.6% |
Novanta Inc. financial statements · Technology sector ranking · Scientific & Technical Instruments industry ranking · All covered companies
The composite score (0–100, graded A+ to D-) blends research signals from each earnings call with fundamental lenses from SEC filings and market prices. Research signals: Industry opportunity, Stock selection, KPI momentum and Catalyst watch, read from what management said and whether it delivered. Fundamental lenses: Price (valuation), Expansion (growth), Quality (profitability) and Trend (momentum). Scores are recalculated every night and after every earnings call. The valuation gap compares the actual price path with the path the stock's market, sector and industry moves explain; it is a model comparison, not a fair-value estimate.
General information, not investment advice.