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. The company appears to be overvalued based on its valuation metrics, particularly given its negative earnings and poor return ratios. The Price to Book Value stands at 1.64, while the EV to Sales ratio is 0.76, indicating that the market may not be fully recognizing the company's underlying value. Additionally, the EV to EBITDA ratio is notably negative at -3.43, which further underscores the challenges the company faces.
In comparison to peers, 3D Systems Corp. has a P/E ratio that is not applicable due to losses, while Model N, Inc. is significantly more expensive with a P/E of 1182.69, and Grid Dynamics Holdings, Inc. is at 36.15. The company's recent stock performance has been poor, with a year-to-date return of -36.59% compared to a positive 16.45% return for the S&P 500, highlighting the disparity in market performance. Overall, these factors suggest that 3D Systems Corp. is overvalued in its current state.