Materialise NV (MTLS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Materialise NV stock $4.04, price $6.75, that is 40.1% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Materialise NV
MTLS · USOur calculation puts a fair price 40% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $4.16 – $27.21 · fair‑value band $3.03 – $5.05 · the $6.75 price screens above the $4.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Materialise NV provides additive manufacturing and medical software tools, and 3D printing services in the Americas, Europe, Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing.
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The Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers, and printing operations.
Its software interfaces between various types of 3D printers; and various software applications and capturing technologies, including computer-aided design/computer-aided manufacturing packages and 3D scanners; a MES, software providers.
This segment serves 3D printing machine manufacturers; production companies and contract manufacturers in automotive, aerospace, consumer goods, and hearing aid industries; and 3D printing service bureaus through its sales force, website, and third-party distributors.
The Materialise Medical segment provides medical software that allows medical-image based analysis, planning, and engineering, as well as patient-specific design and printing of surgical devices and implants.
It serves medical device companies, hospitals, universities, research institutes, and industrial companies.
The Materialise Manufacturing segment provides 3D printing services, design and engineering services, and rapid prototyping and additive manufacturing of production parts to customers serving the automotive, consumer goods industrial goods, semiconductor, art and architecture and aerospace markets.
The company has collaboration agreements with Zimmer Biomet Holdings, Inc.; Encore Medical, L.P.; DePuy Synthes Companies of Johnson & Johnson; Limacorporate Spa; Mathys AG; Smith & Nephew Inc.; Corin Ltd; Medtronic Inc.; and Abbott Laboratories Inc. Materialise NV was incorporated in 1990 and is headquartered in Leuven, Belgium.
Stock analysis
Materialise NV (MTLS) currently trades at $6.75, while our model-based Fair Value estimate is $4.04, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $5.43 per share, and 4 of the 24 models we run sit above the $6.75 price.
Bear case: the Asset-Based group reads lowest at $1.14, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.03 (bear) to $5.05 (bull), the price of $6.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Materialise NV reported revenue of €257M in FY2025 versus €205M in FY2021, a compound +5.8%/yr. Reported net income was €7.4M in FY2025, compounding −13.4%/yr from FY2021.
Key figures
Market cap $394M Small · P/E ratio 26.0 · P/S ratio 1.29 · EPS (TTM) $0.2600 · Net margin 4.6% · Return on equity 5.0% · Return on assets (EBIT) 1.4% (5-year average) · Operating margin 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 31 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 10% fair-value upside, at −40%, MTLS screens richer than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
MTLS screens overvalued: fair value 40% below the price. Compare with SAP SE →
Compare Materialise NV with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 629 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Adobe Inc ADBE | $239.30 | $463.72 | +94% | vs MTLS |
| Salesforce, Inc CRM | $213.65 | $342.73 | +60% | vs MTLS |
| Uber Technologies, Inc UBER | $68.59 | $101.28 | +48% | vs MTLS |
| Intuit Inc INTU | $341.50 | $459.14 | +34% | vs MTLS |
| ServiceNow, Inc NOW | $101.97 | $112.60 | +10% | vs MTLS |
| SAP SE SAP | €210.75 | €173.59 | −18% | vs MTLS |
| Cadence Design Systems, Inc CDNS | $319.92 | $225.48 | −30% | vs MTLS |
| Automatic Data Processing, Inc ADP | $303.35 | $150.40 | −50% | vs MTLS |
| Shopify Inc SHOP | $148.91 | $64.96 | −56% | vs MTLS |
| Snowflake Inc SNOW | $275.88 | $73.81 | −73% | vs MTLS |
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