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Proto LabsWBO:PRLB +1.06%66 Return-on-Tangible-Asset is 6.82% as of Mar. 2026, which is 10% below its 10-year median of 7.57. GuruFocus rates WBO:PRLB with a GF Score™ of 66/100 and a GF Value™ of €38.14 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,074 Industrial Products companies, Proto Labs ranks better than 65.74% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Proto Labs's annualizedNet Income for the quarter that ended in Mar. 2026 was €28.1 Mil. Proto Labs's average total tangible assets for the quarter that ended in Mar. 2026 was €411.7 Mil. Therefore, Proto Labs's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.82%.
The historical rank and industry rank for Proto Labs's Return-on-Tangible-Asset or its related term are showing as below:
WBO:PRLB'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -20.97 Med: 7.57 Max: 18.2
Current: 5.57
During the past 13 years, Proto Labs's highest Return-on-Tangible-Asset was 18.20%. The lowest was -20.97%. And the median was 7.57%.
WBO:PRLB's Return-on-Tangible-Asset is ranked better than 65.74% of 3074
companies
in the Industrial Products industry
Industry Median: 3.24
vs WBO:PRLB: 5.57
Proto Labs (WBO:PRLB) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Proto Labs Return-on-Tangible-Asset Related Terms
Proto Labs Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Proto Labs's Return-on-Tangible-Asset 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.
WBO:PRLB vs RYZ, WOR, MEC: Return-on-Tangible-Asset Comparison
For the Metal Fabrication subindustry, Proto Labs's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Proto Labs's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Proto Labs's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.82% mean?
Proto Labs (WBO:PRLB) has a Return-on-Tangible-Asset of 6.82% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Proto Labs and its competitors. This is 10% below median its historical median of 7.57. According to the industry distribution chart, Proto Labs ranks #1053 out of 3074 companies in the Industrial Products industry, placing it in the top 34.3%.
Is Proto Labs' Return-on-Tangible-Asset too high?
Proto Labs' current Return-on-Tangible-Asset of 6.82% is 10% below median its 10-year median of 7.57. The Industrial Products industry median Return-on-Tangible-Asset is 3.24. Proto Labs' value of 6.82% is 110.5% above this industry median. Based on the distribution chart, Proto Labs ranks #1053 out of 3074 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Proto Labs has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proto Labs' Return-on-Tangible-Asset compare to RYZ and WOR?
According to the Industrial Products industry distribution chart, Proto Labs ranks #1053 out of 3074 companies for Return-on-Tangible-Asset. This puts Proto Labs in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.24. Proto Labs' value of 6.82% is 110.5% above this benchmark. While the company's 10-year median is 7.57 vs. the industry median of 3.24, 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 Return-on-Tangible-Asset for an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.24, based on 3,074 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Proto Labs's current Return-on-Tangible-Asset of 6.82% is 110.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Proto Labs and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proto Labs's current Return-on-Tangible-Asset is 6.82%, which is 10% below median its own 10-year median of 7.57. 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 (WBO:PRLB) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.14, compared to a current price of €67.00 — trading 75.7% above its estimated fair value. The current Return-on-Tangible-Asset is 6.82%, which is 10% below median its 10-year median of 7.57 and 110.5% above the Industrial Products industry median of 3.24. Proto Labs' overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Proto Labs (WBO:PRLB), the current Return-on-Tangible-Asset is 6.82% as of Mar. 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 (WBO:PRLB) Overvalued in 2026?
Based on GuruFocus' analysis, Proto Labs stock appears to be overvalued.
The current stock price of €67.00 is trading 75.7% above its estimated GF Value™ of €38.14.
GuruFocus considers Proto Labs to be Significantly Overvalued.
Key valuation signals for WBO:PRLB:
Return-on-Tangible-Asset: 6.82% (10% below median its 10-year median of 7.57)
GF Value™: €38.14 vs. price of €67.00 (75.7% above fair value)
Industry Position: 110.5% above the Industrial Products median (#1053 of 3074)
No single metric tells the full story. See the WBO:PRLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
66GF Score
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