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ALGN Align Technology PE ratio, current and historical analysis

As at Jun 18, 2024, the ALGN stock has a PE ratio of 39.84. This is based on the current EPS of $6.08 and the stock price of $242.2 per share. A decrease of 37% has been seen in the P/E ratio compared to the average of 63.1 of the last 4 quarters.

ALGN PE ratio history

How has ALGN's PE ratio performed in the past

The mean historical PE ratio of Align Technology over the last ten years is 49.16. The current 39.84 PE ratio is 19% 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.

Average
49.16
Median
43.77
Minimum
7.25
Maximum
100.06

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

What is the average PE ratio of ALGN for the past years

ALGN's current P/E ratio is below the 3, 5 and 10-year averages.

3-year avg
58.21
5-year avg
49.37
10-year avg
49.16
15-year avg
47.63

ALGN PE vs peers

What is ALGN's PE ratio compared to its peers

ALGN's PE ratio is lower than its peer stock DHR.

Stock name PE ratio Market cap
ALGN Align Technology Inc 39.84 $18.23B
DHR Danaher Corp 43.21 $190.73B
XRAY DENTSPLY SIRONA Inc N/A $5.33B
BIOL Biolase Inc N/A $4.34M
MMM 3M Co N/A $55.76B

Frequently asked questions

What is Align Technology's PE ratio?

ALGN's price to earnings ratio is 39.84 as of Jun 18, 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 58.21.

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 49.37.

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 19% 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 (Jun 18, 2024), Align Technology's stock price is $242.2. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $6.08. Therefore, Align Technology's P/E ratio for today is 39.84. PE RATIO(39.84) = STOCK PRICE($242.2) / TTM EPS($6.08)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.