Proto Labs, Inc.

WBAG:PRLB Stock Report

Market Cap: €986.7m

Proto Labs Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
€55.67
Fair Value
27.0% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: PRLB (€40.66) is trading below our estimate of fair value (€55.67)

Significantly Below Fair Value: PRLB is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As PRLB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PRLB. This is calculated by dividing PRLB's market cap by their current earnings.
What is PRLB's PE Ratio?
PE Ratio42.6x
EarningsUS$23.99m
Market CapUS$1.02b

Price to Earnings Ratio vs Peers

How does PRLB's PE Ratio compare to its peers?

The above table shows the PE ratio for PRLB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.5x
SEM Semperit Holding
19.2x34.7%€288.0m
ANDR Andritz
10.9x5.2%€5.4b
PAL Palfinger
7.4x2.3%€792.7m
POS PORR
8.7x16.1%€780.8m
PRLB Proto Labs
42.6x-11.5%€1.0b

Price-To-Earnings vs Peers: PRLB is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

How does PRLB's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PRLB 42.6xIndustry Avg. 17.9xNo. of Companies28PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PRLB is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the European Machinery industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

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

PRLB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio42.6x
Fair PE Ratio7.4x

Price-To-Earnings vs Fair Ratio: PRLB is expensive based on its Price-To-Earnings Ratio (42.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).

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 PRLB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€40.66
€37.22
-8.5%
9.1%€41.53€33.22n/a3
Jan ’26€37.68
€37.22
-1.2%
9.1%€41.53€33.22n/a3
Dec ’25€38.72
€37.22
-3.9%
9.1%€41.53€33.22n/a3
Nov ’25€32.74
€37.22
+13.7%
9.1%€41.53€33.22n/a3
Oct ’25€25.98
€35.12
+35.2%
16.3%€41.23€27.49n/a3
Sep ’25€27.40
€35.12
+28.2%
16.3%€41.23€27.49n/a3
Aug ’25€31.18
€37.70
+20.9%
12.1%€41.38€31.27n/a3
Jul ’25€27.74
€37.70
+35.9%
12.1%€41.38€31.27n/a3
Jun ’25€28.48
€36.69
+28.8%
13.9%€41.80€31.58n/a2
May ’25€28.90
€38.47
+33.1%
8.4%€41.72€35.23n/a2
Apr ’25€33.08
€38.47
+16.3%
8.4%€41.72€35.23n/a2
Mar ’25€33.34
€38.47
+15.4%
8.4%€41.72€35.23n/a2
Feb ’25€33.32
€34.40
+3.2%
20.0%€41.28€27.52€40.662
Jan ’25€36.08
€34.40
-4.7%
20.0%€41.28€27.52€37.682
Dec ’24€33.70
€38.55
+14.4%
19.8%€45.70€27.98€38.723
Nov ’24€22.12
€38.40
+73.6%
22.4%€46.27€26.44€32.743
Oct ’24€24.94
€37.54
+50.5%
19.3%€44.87€25.64€25.984
Sep ’24€27.88
€37.54
+34.7%
19.3%€44.87€25.64€27.404
Aug ’24€30.08
€36.58
+21.6%
21.6%€44.54€23.63€31.184
Jul ’24€32.08
€36.58
+14.0%
21.6%€44.54€23.63€27.744
Jun ’24€29.16
€36.58
+25.5%
21.6%€44.54€23.63€28.484
May ’24€25.54
€35.14
+37.6%
29.0%€44.73€18.26€28.904
Apr ’24€30.08
€35.91
+19.4%
29.0%€45.70€18.65€33.084
Mar ’24€30.08
€35.91
+19.4%
29.0%€45.70€18.65€33.344
Feb ’24€28.03
€31.64
+12.9%
37.1%€47.46€19.37€33.323
Analyst Price Target
Consensus Narrative from 3 Analysts
€39.30
Fair Value
3.5% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 04:36
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Proto Labs, Inc. is covered by 15 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert WassermanBenchmark Company
Andrew DeGasperiBerenberg
Robert BurlesonCanaccord Genuity