Top Overvalued Hardware, Equipment & Parts industry Stocks 2026

Novanta (NOVT) is the most overvalued stock in the Hardware, Equipment & Parts industry with an estimated 14.6% downside, followed by Fortive (FTV) at 13.6%, Cognex (CGNX) at 11.3%, and Itron, (ITRI) at 10.9%.

Updated todayBased on intrinsic value modelsIndustry: Hardware, Equipment & Parts

Page snapshot: 17 July 2026, 9:20 pm

View full analysis in the screener → · All overvalued →

Before you trade on valuation alone

Cross-check fair value with fundamentals, liquidity, and your own goals—this table is a screen, not advice.

Hardware, Equipment & Parts Industry Valuation Insights (Updated Today)

  • The Hardware, Equipment & Parts industry currently shows an average upside of 12.6% on this snapshot.
  • Top name Novanta Inc. (NOVT) trades at roughly a 14.6% discount to modeled intrinsic value—rankings move with prices and inputs.
  • This industry's average upside is below our broad overvalued benchmark (~21.7%).

Overvalued Hardware, Equipment & Parts Stocks by Market Cap

Large cap (top 5)

  1. 1.Fortive Corporation · FTV13.6%$19.04B
  2. 2.Cognex Corporation · CGNX11.3%$10.63B

Mid cap (top 5)

  1. 1.Novanta Inc. · NOVT14.6%$5.33B
  2. 2.Itron, Inc. · ITRI10.9%$3.81B

Small cap (top 5)

No qualifying names in this bucket on this snapshot.

What Are Overvalued Hardware, Equipment & Parts Stocks?

Overvalued hardware, equipment & parts stocks are names where price sits above modeled fair (intrinsic) value—often expressed as positive headline downside versus the current quote.

This is not a sell list. Validate each symbol on its company page before you act.

How We Identify Overvalued Hardware, Equipment & Parts Stocks

We pull an industry-filtered overvalued snapshot (price, intrinsic value, downside, cap, sector, country) and rank by headline downside. You can sort and search in the table above.

Rankings can shift intraday as prices and model inputs move. Use the stock screener for custom filters beyond this industry leaderboard.

FAQs

Answers about overvalued hardware, equipment & parts names, intrinsic value, and how often this list refreshes.

What are overvalued hardware, equipment & parts stocks?

They are Hardware, Equipment & Parts names trading above modeled intrinsic value—shown here as downside % versus price. Models vary; use this as a screen, not advice.

How do you find overvalued hardware, equipment & parts stocks?

We load overvalued names for this industry from our API, then rank and filter in the table. Sort columns and open company pages to dig deeper.

Why are hardware, equipment & parts stocks overvalued?

Often sentiment, earnings, cycles, rates, or stock-specific news—not always a “misprice.” Intrinsic value is model-dependent.

Are overvalued hardware, equipment & parts stocks a good investment?

Not by label alone. Discounts can reflect risk or data lag. Check fundamentals and your goals; seek professional advice if needed.

How often is this list updated?

The page rebuilds on a schedule (ISR). Live quotes can move faster—use company pages for the latest.

Data updated regularly. Intrinsic value estimates and stock prices are subject to market fluctuations.