Is 3D Systems Corp. overvalued or undervalued?

As of 28 November 2025, the valuation grade for 3D Systems Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be overvalued given its current financial metrics, including a Price to Book Value of 1.64, an EV to Sales ratio of 0.76, and a troubling ROCE of -54.35%. In comparison, peers such as Model N, Inc. and PDF Solutions, Inc. exhibit significantly higher valuation ratios, with P/E ratios of 1182.69 and 983.40 respectively, highlighting 3D Systems Corp.'s relative underperformance in the market.
Despite a recent one-week stock return of 6.67% compared to the S&P 500's 3.73%, the longer-term performance is concerning, with a year-to-date return of -36.59% versus the S&P 500's 16.45%. This trend reinforces the notion that 3D Systems Corp. is overvalued in its current state, as it struggles to maintain competitiveness within its industry.