Proto Labs (FRA:PRZ) Cyclically Adjusted PS Ratio: 4.28 (As of Aug. 11, 2026) — 55% Above Median

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FRA:PRZ Proto Labs Inc FRA:PRZ
65 GF Score
Price €78.45
GF Value €39.83
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Proto Labs Cyclically Adjusted PS Ratio?

Proto Labs FRA:PRZ +1.42% 65 Cyclically Adjusted PS Ratio is 4.28 as of Aug. 11, 2026, which is 55% above its 10-year median of 2.76. GuruFocus rates FRA:PRZ with a GF Score™ of 65/100 and a GF Value™ of €39.83 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,295 Industrial Products companies, Proto Labs ranks worse than 75.82% on this metric.

As of today (2026-08-11), Proto Labs's current share price is €78.45. Proto Labs's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €18.32. Proto Labs's Cyclically Adjusted PS Ratio for today is 4.28.

The historical rank and industry rank for Proto Labs's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:PRZ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.38   Med: 2.76   Max: 18.57
Current: 4.3

During the past years, Proto Labs's highest Cyclically Adjusted PS Ratio was 18.57. The lowest was 1.38. And the median was 2.76.

FRA:PRZ's Cyclically Adjusted PS Ratio is ranked worse than
75.82% of 2295 companies
in the Industrial Products industry
Industry Median: 1.82 vs FRA:PRZ: 4.30

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Proto Labs's adjusted revenue per share data for the three months ended in Jun. 2026 was €5.309. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €18.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Proto Labs  (FRA:PRZ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Proto Labs Cyclically Adjusted PS Ratio Related Terms


Proto Labs Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Proto Labs's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Proto Labs Cyclically Adjusted PS Ratio Chart

Proto Labs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.81 1.65 2.28 2.11 2.55

Proto Labs Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 2.54 2.55 2.79 3.91

FRA:PRZ vs RYZ, WOR, MEC: Cyclically Adjusted PS Ratio Comparison

For the Metal Fabrication subindustry, Proto Labs's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Proto Labs Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Proto Labs's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Proto Labs's Cyclically Adjusted PS Ratio falls into.


FRA:PRZ
65GF Score
Proto Labs Inc FRA:PRZ
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Proto Labs Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Proto Labs's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=78.45/18.32
=4.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Proto Labs's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Proto Labs's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.309/333.9520*333.9520
=5.309

Current CPI (Jun. 2026) = 333.9520.

Proto Labs Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.618 241.428 3.621
201612 2.575 241.432 3.562
201703 2.818 243.801 3.860
201706 2.740 244.955 3.735
201709 2.758 246.819 3.732
201712 2.922 246.524 3.958
201803 3.213 249.554 4.300
201806 3.441 251.989 4.560
201809 3.619 252.439 4.788
201812 3.630 251.233 4.825
201903 3.694 254.202 4.853
201906 3.794 256.143 4.947
201909 3.949 256.759 5.136
201912 3.733 256.974 4.851
202003 3.868 258.115 5.004
202006 3.536 257.797 4.581
202009 3.395 260.280 4.356
202012 3.203 260.474 4.107
202103 3.522 264.877 4.440
202106 3.681 271.696 4.524
202109 3.842 274.310 4.677
202112 3.969 278.802 4.754
202203 4.098 287.504 4.760
202206 4.360 296.311 4.914
202209 4.469 296.808 5.028
202212 4.027 296.797 4.531
202303 4.418 301.836 4.888
202306 4.306 305.109 4.713
202309 4.705 307.789 5.105
202312 4.425 306.746 4.817
202403 4.563 312.332 4.879
202406 4.600 314.175 4.890
202409 4.523 315.301 4.791
202412 4.707 315.605 4.981
202503 4.777 319.799 4.988
202506 4.859 322.561 5.031
202509 4.768 324.800 4.902
202512 4.810 324.054 4.957
202603 4.963 330.213 5.019
202606 5.309 333.952 5.309

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 4.28 mean?
Proto Labs (FRA:PRZ) has a Cyclically Adjusted PS Ratio of 4.28 as of Aug. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Proto Labs and its competitors. This is 55% above median its historical median of 2.76. Over the past decade, Proto Labs' Cyclically Adjusted PS Ratio has ranged from 1.38 to 18.57. According to the industry distribution chart, Proto Labs ranks #1740 out of 2295 companies in the Industrial Products industry, placing it in the top 75.8%.
Is Proto Labs' Cyclically Adjusted PS Ratio too high?
Proto Labs' current Cyclically Adjusted PS Ratio of 4.28 is 55% above median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 18.57. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.82. Proto Labs' value of 4.28 is 135.2% above this industry median. Based on the distribution chart, Proto Labs ranks #1740 out of 2295 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Proto Labs has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proto Labs' Cyclically Adjusted PS Ratio compare to RYZ and WOR?
According to the Industrial Products industry distribution chart, Proto Labs ranks #1740 out of 2295 companies for Cyclically Adjusted PS Ratio. This places Proto Labs in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. Proto Labs' value of 4.28 is 135.2% above this benchmark. Historically, Proto Labs' own Cyclically Adjusted PS Ratio has ranged from 1.38 to 18.57 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 1.82, Proto Labs has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.82, based on 2,295 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Proto Labs's current Cyclically Adjusted PS Ratio of 4.28 is 135.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Proto Labs and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proto Labs's current Cyclically Adjusted PS Ratio is 4.28, which is 55% above median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proto Labs stock overvalued right now?
Based on GuruFocus' analysis, Proto Labs (FRA:PRZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €39.83, compared to a current price of €78.45 — trading 97% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.28, which is 55% above median its 10-year median of 2.76 and 135.2% above the Industrial Products industry median of 1.82. Proto Labs' overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Proto Labs (FRA:PRZ), the current Cyclically Adjusted PS Ratio is 4.28 as of Aug. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Proto Labs (FRA:PRZ) Overvalued in 2026?

Based on GuruFocus' analysis, Proto Labs stock appears to be overvalued. The current stock price of €78.45 is trading 97% above its estimated GF Value™ of €39.83. GuruFocus considers Proto Labs to be Significantly Overvalued.

Key valuation signals for FRA:PRZ:

  • Cyclically Adjusted PS Ratio: 4.28 (55% above median its 10-year median of 2.76)
  • GF Value™: €39.83 vs. price of €78.45 (97% above fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 135.2% above the Industrial Products median (#1740 of 2295)

No single metric tells the full story. See the FRA:PRZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Proto Labs Business Description

Address 5540 Pioneer Creek Drive, Maple Plain, MN, USA, 55359
Proto Labs Inc is an on-demand manufacturer of custom parts for prototyping and short-run production. The company offers developers and engineers quick-turn production services to reduce the time to market. The Lab uses injection molding, computer numerical control machining, and 3-D printing, and sheet metal to manufacture custom parts for its clients. The company services clients' needs for prototype solutions, parts for testing procedures, bridge production capabilities during disruptions in manufacturing processes, limited-quantity requests, and end-of-life production support. Geographically, a majority of the company's revenue is derived from the United States and the rest from Europe.
65GF Score

Get the complete analysis for FRA:PRZ

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€78.45
Price
€39.83
GF Value