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STOCK COMPARISON

Novanta vs Keysight Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Novanta (NOVT) and Keysight Technologies (KEYS) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Keysight Technologies as the less overvalued of the two: Novanta trades at $166 versus a fair value of $30.23 (-82%), while Keysight Technologies trades at $341 versus $84.16 (-75%).
Novanta
NOVT · USD · Information Technology
-82%
upside to fair value
overvalued
Price$166
Fair Value$30.23
Quality48/100
Keysight Technologies
KEYS · USD · Information Technology
-75%
upside to fair value
overvalued
Price$341
Fair Value$84.16
Quality71/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NovantaKeysight Technologies
Valuation
107.8×P/E (TTM)50.8×
5.27×P/S (TTM)8.87×
4.03×P/B9.19×
28.7×EV/EBITDA38.2×
2.11×PEG1.13×
Profitability
5%Net margin17%
12%Operating margin19%
5%Return on equity18%
5%Return on assets6%
Growth
10%Revenue growth (YoY)32%
4.4%Avg. growth/yr (3Y)-0.3%
10.7%Avg. growth/yr (5Y)5.0%
Balance & size
0.16×Debt / equity0.43×
$5BMarket cap$54B
healthyGrowth qualityhealthy

Keysight Technologies leads: 6 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Novantaof which business quality 50 · market factors 55 Keysight Technologiesof which business quality 71 · market factors 73
ProfitabilityMargins and returns on capital today
33
52
Quality GrowthAre margins and returns improving?
25
47
CashflowEarnings quality: real cash, not paper profit
45
89
Fin. StrengthBalance sheet, leverage, solvency risk
78
76
InvestmentDisciplined investing over empire-building
44
59
Low VolatilityCalm price path (market factor)
13
42
MomentumPrice trend over the last 3–12 months (market factor)
68
82
52W MomentumDistance to the 52-week high (market factor)
82
92
Net IssuanceBuybacks instead of dilution
70
96

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Novanta

DCF Models$40.88
Earnings-Based$20.44
Multiples$38.77
Asset-Based$24.73
Growth DCF$35.10
Economic Profit$30.66
Growth Earnings$26.72

24 of 24 models see the stock below the current price.

Keysight Technologies

DCF Models$95.80
Earnings-Based$36.69
Dividend Discount$5.75
Multiples$81.40
Asset-Based$23.04
Growth DCF$104
Economic Profit$46.70
Growth Earnings$86.39

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Novanta
Bear $21.81Fair Value $30.23Bull $37.79
$166 = current price (white tick)
Keysight Technologies
Bear $63.12Fair Value $84.16Bull $105
$341 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Novanta · Information Technology

Quality score48 · below median
Fair value upside-82% · bottom 25%

Keysight Technologies · Information Technology

Quality score71 · Top 25%
Fair value upside-75% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Keysight Technologies as the less overvalued of the two: Novanta trades at $166 versus a fair value of $30.23 (-82%), while Keysight Technologies trades at $341 versus $84.16 (-75%).

Keysight Technologies has the higher quality score (71/100).

See the full analysis →
Novanta · Keysight Technologies

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.