Proto LabsWBO:PRLB -6.16%62 Return-on-Tangible-Equity is 8.45% as of Mar. 2026, which is 8% below its 10-year median of 9.15. GuruFocus rates WBO:PRLB with a GF Score™ of 62/100 and a GF Value™ of €40.08 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,971 Industrial Products companies, Proto Labs ranks better than 50.25% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Proto Labs's annualized net income for the quarter that ended in Mar. 2026 was €28.1 Mil. Proto Labs's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €332.2 Mil. Therefore, Proto Labs's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.45%.
The historical rank and industry rank for Proto Labs's Return-on-Tangible-Equity or its related term are showing as below:
WBO:PRLB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -26.45 Med: 9.15 Max: 21.68
Current: 6.86
During the past 13 years, Proto Labs's highest Return-on-Tangible-Equity was 21.68%. The lowest was -26.45%. And the median was 9.15%.
WBO:PRLB's Return-on-Tangible-Equity is ranked better than 50.25% of 2971
companies
in the Industrial Products industry
Industry Median: 6.72
vs WBO:PRLB: 6.86
Proto Labs (WBO:PRLB) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Proto Labs Return-on-Tangible-Equity Related Terms
Proto Labs Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Proto Labs's Return-on-Tangible-Equity 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-Equity Comparison
For the Metal Fabrication subindustry, Proto Labs's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Proto Labs's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Proto Labs's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.45% mean?
Proto Labs (WBO:PRLB) has a Return-on-Tangible-Equity of 8.45% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Proto Labs and its competitors. This is near median its historical median of 9.15. According to the industry distribution chart, Proto Labs ranks #1478 out of 2971 companies in the Industrial Products industry, placing it in the top 49.7%.
Is Proto Labs' Return-on-Tangible-Equity too high?
Proto Labs' current Return-on-Tangible-Equity of 8.45% is near median its 10-year median of 9.15. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Proto Labs' value of 8.45% is 25.7% above this industry median. Based on the distribution chart, Proto Labs ranks #1478 out of 2971 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Proto Labs has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proto Labs' Return-on-Tangible-Equity compare to RYZ and WOR?
According to the Industrial Products industry distribution chart, Proto Labs ranks #1478 out of 2971 companies for Return-on-Tangible-Equity. This puts Proto Labs in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.72. Proto Labs' value of 8.45% is 25.7% above this benchmark. While the company's 10-year median is 9.15 vs. the industry median of 6.72, 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-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,971 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Proto Labs's current Return-on-Tangible-Equity of 8.45% is 25.7% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Proto Labs and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proto Labs's current Return-on-Tangible-Equity is 8.45%, which is near median its own 10-year median of 9.15. 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 €40.08, compared to a current price of €67.00 — trading 67.2% above its estimated fair value. The current Return-on-Tangible-Equity is 8.45%, which is near median its 10-year median of 9.15 and 25.7% above the Industrial Products industry median of 6.72. Proto Labs' overall GF Score™ is 62/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Proto Labs (WBO:PRLB), the current Return-on-Tangible-Equity is 8.45% 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 67.2% above its estimated GF Value™ of €40.08.
GuruFocus considers Proto Labs to be Significantly Overvalued.
Key valuation signals for WBO:PRLB:
Return-on-Tangible-Equity: 8.45% (near median its 10-year median of 9.15)
GF Value™: €40.08 vs. price of €67.00 (67.2% above fair value)
Industry Position: 25.7% above the Industrial Products median (#1478 of 2971)
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.
62GF Score
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