ALGN Align Technology PE ratio, current and historical analysis
As at Nov 21, 2024, the ALGN stock has a PE ratio of 38.94. This is based on the current EPS of $5.86 and the stock price of $228.21 per share. A decrease of 16% has been seen in the P/E ratio compared to the average of 46.3 of the last 4 quarters.
ALGN PE ratio history
The mean historical PE ratio of Align Technology over the last ten years is 49.79. The current 38.94 PE ratio is 22% below the historical average. Over the past ten years, ALGN's PE ratio was at its highest in the Sep 2018 quarter at 100.06, with a price of $391.22 and an EPS of $3.91. The Mar 2020 quarter recorded the bottom point at 7.25, with a price of $173.95 and an EPS of $23.99.
Align Technology PE ratio by year
Maximum annual increase: 183.54% in 2021
Maximum annual decrease: -56.75% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 47.08 | 3.13% |
| 2022 | 45.65 | -32.07% |
| 2021 | 67.2 | 183.54% |
| 2020 | 23.7 | -52.69% |
| 2019 | 50.1 | 19.6% |
| 2018 | 41.89 | -45.51% |
| 2017 | 76.88 | 90.34% |
| 2016 | 40.39 | 10.42% |
| 2015 | 36.58 | 18.42% |
| 2014 | 30.89 | -56.75% |
ALGN average PE ratio chart
ALGN's current P/E ratio is below the 3, 5 and 10-year averages.
ALGN PE vs peers
ALGN's PE ratio is lower than its peer stock DHR, but it is greater than MMM's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MMM 3M Co | 16.04 | $69.33B |
| ALGN Align Technology Inc | 38.94 | $17.04B |
| DHR Danaher Corp | 44.43 | $169.77B |
| XRAY DENTSPLY SIRONA Inc | N/A | $3.71B |
Frequently asked questions
What is Align Technology's PE ratio?
ALGN's price to earnings ratio is 38.94 as of Nov 21, 2024.
What is the 3-year average PE ratio for Align Technology (ALGN)?
The average PE ratio for ALGN stock over the past 3 years is 53.57.
What is the 5-year average PE ratio for Align Technology (ALGN)?
The average PE ratio for ALGN stock over the past 5 years is 49.24.
What is the highest PE ratio for ALGN?
In the last ten years, the Sep 2018 quarter recorded the highest quarterly PE ratio at 100.06.
How does the current PE ratio for ALGN compare to its historical average?
ALGN's current price to earnings ratio is 22% below its 10-year historical average.
How is ALGN's PE ratio calculated (Align Technology PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Nov 21, 2024), Align Technology's stock price is $228.21. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $5.86. Therefore, Align Technology's P/E ratio for today is 38.94. PE RATIO(38.94) = STOCK PRICE($228.21) / TTM EPS($5.86)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.