Nano-X Imaging Ltd.

NasdaqGM:NNOX Stock Report

Market Cap: US$372.2m

Nano-X Imaging Valuation

Is NNOX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NNOX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NNOX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NNOX's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NNOX?

Key metric: As NNOX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NNOX. This is calculated by dividing NNOX's market cap by their current revenue.
What is NNOX's PS Ratio?
PS Ratio34.9x
SalesUS$10.68m
Market CapUS$372.20m

Price to Sales Ratio vs Peers

How does NNOX's PS Ratio compare to its peers?

The above table shows the PS ratio for NNOX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.1x
DCGO DocGo
0.6x-21.8%US$433.7m
VMD Viemed Healthcare
1.6x12.9%US$340.7m
AGL agilon health
0.1x14.2%US$778.7m
AIRS AirSculpt Technologies
2.1x9.2%US$405.2m
NNOX Nano-X Imaging
34.9x49.5%US$372.2m

Price-To-Sales vs Peers: NNOX is expensive based on its Price-To-Sales Ratio (34.9x) compared to the peer average (1.1x).


Price to Sales Ratio vs Industry

How does NNOX's PS Ratio compare vs other companies in the US Healthcare Industry?

30 CompaniesPrice / SalesEstimated GrowthMarket Cap
MCK McKesson
0.2x8.1%US$79.11b
CVS CVS Health
0.2x4.6%US$73.00b
COR Cencora
0.2x6.4%US$48.03b
CNC Centene
0.2x5.5%US$30.48b
NNOX 34.9xIndustry Avg. 1.1xNo. of Companies30PS012345+
30 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NNOX is expensive based on its Price-To-Sales Ratio (34.9x) compared to the US Healthcare industry average (1.1x).


Price to Sales Ratio vs Fair Ratio

What is NNOX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NNOX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio34.9x
Fair PS Ratio0.2x

Price-To-Sales vs Fair Ratio: NNOX is expensive based on its Price-To-Sales Ratio (34.9x) compared to the estimated Fair Price-To-Sales Ratio (0.2x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NNOX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.36
US$13.00
+104.4%
10.9%US$14.00US$11.00n/a3
Nov ’25US$5.77
US$13.33
+131.1%
7.1%US$14.00US$12.00n/a3
Oct ’25US$5.91
US$13.33
+125.6%
7.1%US$14.00US$12.00n/a3
Sep ’25US$6.37
US$13.33
+109.3%
7.1%US$14.00US$12.00n/a3
Aug ’25US$7.81
US$14.33
+83.5%
14.3%US$17.00US$12.00n/a3
Jul ’25US$7.15
US$14.33
+100.5%
14.3%US$17.00US$12.00n/a3
Jun ’25US$8.36
US$15.50
+85.4%
9.7%US$17.00US$14.00n/a2
May ’25US$9.16
US$16.00
+74.7%
12.5%US$18.00US$14.00n/a2
Apr ’25US$10.33
US$20.20
+95.5%
10.9%US$22.40US$18.00n/a2
Mar ’25US$11.12
US$18.30
+64.6%
17.7%US$22.40US$14.50n/a3
Feb ’25US$5.53
US$18.30
+230.9%
17.7%US$22.40US$14.50n/a3
Jan ’25US$6.37
US$20.30
+218.7%
20.5%US$24.00US$14.50n/a3
Dec ’24US$6.88
US$21.67
+214.9%
23.9%US$26.50US$14.50n/a3
Nov ’24US$5.07
US$23.67
+366.8%
28.0%US$30.00US$14.50US$5.773
Oct ’24US$6.56
US$23.67
+260.8%
28.0%US$30.00US$14.50US$5.913
Sep ’24US$8.21
US$28.25
+244.1%
6.2%US$30.00US$26.50US$6.372
Aug ’24US$12.10
US$32.00
+164.5%
6.3%US$34.00US$30.00US$7.812
Jul ’24US$15.49
US$32.00
+106.6%
6.3%US$34.00US$30.00US$7.152
Jun ’24US$18.11
US$32.00
+76.7%
6.3%US$34.00US$30.00US$8.362
May ’24US$10.29
US$28.25
+174.5%
25.7%US$35.50US$21.00US$9.162
Apr ’24US$5.77
US$28.25
+389.6%
25.7%US$35.50US$21.00US$10.332
Mar ’24US$7.07
US$28.25
+299.6%
25.7%US$35.50US$21.00US$11.122
Feb ’24US$9.06
US$28.25
+211.8%
25.7%US$35.50US$21.00US$5.532

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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