EN DE

Pro-Dex, Inc (PDEX) Fair Value & Analysis

Healthcare · US · Market cap $206M

PD Pro-Dex, Inc logo Pro-Dex, Inc PDEX · US
Price$65.56
Fair Value$33.97
Upside-48.2%
Quality70/100
Watch Pro-Dex, Inc for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 16.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Wide moat 66/100
Evidence: High Range $19.12 – $60.32 Share as image

Fair value as of: Jul 19, 2026

From 17 valuation models · updated 23 days ago

Share price +9.7% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($60.32). The favourable scenario is already priced in.
  • The model range is unusually wide ($19.12 to $60.32). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$69.00 $13.16 Fair Value $33.97 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $13.16 – $69.00 · fair‑value band $19.12 – $60.32 · the $65.56 price screens above the $33.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Pro-Dex, Inc (PDEX) currently trades at $65.56, while our model-based Fair Value estimate is $33.97, implying the stock looks roughly 48.2% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Pro-Dex, Inc generated revenue of $74.6M at a net margin of 16.1%. Revenue grew 14.6% year over year. It earns a return on equity of 29.8%. Net debt stands at $16.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $19.12 (bear case) to $60.32 (bull case); at $65.56, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 179% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at -48%, PDEX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income $14.95 $21.92 $115.55 76
ROIC Compounder $15.15 $19.28 $24.29 72
Gordon GGM $0.1900 $0.3300 $0.4200 70
All 17 models by family
DCF Models
Owner Earnings $23.51 $39.26 $62.01 31
Earnings-Based
Graham-Dodd $19.12 $89.80 $123.44 54
Lynch FV $23.78 $33.97 $44.16 50
PEG = 1.0 $23.78 $33.97 $44.16 46
EPV $14.26 $16.30 $17.96 59
Dividend Discount
Gordon GGM $0.1900 $0.3300 $0.4200 70
DDM Multi-Stage $0.1900 $0.3100 $0.3500 61
Multiples
P/E Multiple $46.40 $61.86 $77.33 63
P/S Multiple $35.85 $47.80 $59.75 58
P/B Multiple $35.85 $47.80 $59.75 55
EV/EBIT $39.92 $54.15 $68.38 53
EV/EBITDA $36.46 $49.54 $62.61 54
EV/Revenue $27.70 $40.76 $53.81 43
Asset-Based
NCAV (Graham) $5.74 $7.69 $11.47 50
Economic Profit
Residual Income $14.95 $21.92 $115.55 76
ROIC Compounder $15.15 $19.28 $24.29 72
Growth Earnings
Growth-Adj P/E $38.63 $55.18 $71.74 68

Widest divergence: Growth Earnings ($55.18) versus Dividend Discount ($0.3100). Highest evidence: Residual Income (76).

Notify me when PDEX reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $74.6M
Revenue growth (YoY) +14.6%
Net margin 16.1%
Return on equity 29.8%
Free cash flow −$2.9M FY2025
P/E ratio 17.7
More key figures
Operating margin 15.5%
EPS (TTM) $3.63
EPS growth (YoY) +22.4%
Net debt $16.2M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 65 · Market factors (momentum, volatility) 73

Profitability 74
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 85
Price trend over the last 3–12 months (market factor)
52W Momentum 80
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pro-Dex, Inc. designs, develops, manufactures, and sells powered surgical instruments for medical device original equipment manufacturers worldwide. It offers autoclavable, battery-powered and electric, and multi-function surgical drivers and shavers that are primarily used in the orthopedic, thoracic, and craniomaxillofacial markets.

Full company description

Pro-Dex, Inc. designs, develops, manufactures, and sells powered surgical instruments for medical device original equipment manufacturers worldwide. It offers autoclavable, battery-powered and electric, and multi-function surgical drivers and shavers that are primarily used in the orthopedic, thoracic, and craniomaxillofacial markets. The company also provides engineering, quality, and regulatory consulting services; and manufactures and sells rotary air motors to various industries. Its products are used in hospitals, medical engineering labs, scientific research facilities, and high-tech manufacturing operations. Pro-Dex, Inc. was founded in 1978 and is headquartered in Irvine, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pro-Dex, Inc reported revenue of $66.6M in FY2025 versus $42.0M in FY2021, a compound +12.2%/yr. Reported net income was $9.0M in FY2025, compounding +18.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$66.6M
Latest YoY
+23.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.8%
Avg. growth/yr (38Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.7%
Revenue +12.2%/yr
FY21 $42.0M
FY22 $42.0M
FY23 $46.1M
FY24 $53.8M
FY25 $66.6M
Net income +18.4%/yr
FY21 $4.6M
FY22 $4.6M
FY23 $7.1M
FY24 $2.1M
FY25 $9.0M

PDEX screens 48% overvalued. Compare with Intuitive Surgical, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Pro-Dex, Inc Fair Value". https://www.fairvalue-calculator.com/stock/PDEX

Peer Group

Medical Instruments & Supplies · 203 stocks

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.

Quality Score 70 · Top 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 30% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 16% · Above median
Revenue growth 15% · Above median
Debt / equity 0.25× · Higher than median

Valuation Multiples vs Medical Instruments & Supplies median · lower = cheaper

P/E (TTM) 17.7× · Cheaper than median
P/B 5.61× · Pricier than 75% of peers
P/S (TTM) 2.75× · Pricier than median
EV/EBITDA 17.7× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 73 · sector 27
PAST 100 · sector 25
HEALTH 87 · sector 96
DIVIDEND 0 · sector 32

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Medical Instruments & Supplies stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Intuitive Surgical, Inc ISRG $402.33 $150.04 -63%
EssilorLuxottica Société anonyme 1EL €172.45 €68.55 -60%
Medline Inc MDLN $41.11 $30.15 -27%
Becton, Dickinson and Company BDX $150.65 $103.53 -31%
Alcon Inc ALC $70.26 $39.78 -43%
ResMed Inc RMD $203.87 $187.89 -8%
West Pharmaceutical Services, Inc WST $353.71 $143.97 -59%
Straumann Holding STMN CHF 106.00 CHF 47.31 -55%
Sartorius Stedim Biotech S.A DIM €188.50 €51.16 -73%
Coloplast A/S COLOB kr 414.00 kr 382.22 -8%

Compare Pro-Dex, Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Pro-Dex, Inc (PDEX) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $33.97 versus a price of $65.56, about −48% (overvalued).
What is the fair value of PDEX?
Our model-based fair value for Pro-Dex, Inc is $33.97 (as of Jul 19, 2026), built from audited fundamentals. The current price is $65.56.
What is the quality score of PDEX?
Pro-Dex, Inc has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pro-Dex, Inc (PDEX)?
Pro-Dex, Inc reported trailing-twelve-month revenue of about $74.6M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of PDEX?
The net profit margin of Pro-Dex, Inc is about 16.1%, meaning it keeps roughly 16.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Pro-Dex, Inc and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.