As at May 2, 2024, the ALGN stock has a PE ratio of 49.23. This is based on the current EPS of $5.82 and the stock price of $286.54 per share. A decrease of 30% has been seen in the P/E ratio compared to the average of 70.3 of the last 4 quarters.
The mean historical PE ratio of Align Technology over the last ten years is 49.04. The current 49.23 PE ratio is comparable to 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.
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's current P/E ratio is above the 5 and 10-year historical averages, but it is below the 3-year average.
ALGN's PE ratio is higher than its peer stock DHR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DHR Danaher Corp | 41.67 | $183.97B |
| ALGN Align Technology Inc | 49.48 | $21.63B |
| XRAY DENTSPLY SIRONA Inc | N/A | $5.87B |
| BIOL Biolase Inc | N/A | $4.69M |
| MMM 3M Co | N/A | $53.76B |
ALGN's price to earnings ratio is 49.23 as of May 2, 2024.
The average PE ratio for ALGN stock over the past 3 years is 58.6.
The average PE ratio for ALGN stock over the past 5 years is 49.13.
In the last ten years, the Sep 2018 quarter recorded the highest quarterly PE ratio at 100.06.
ALGN's current price to earnings ratio is 0.4% above its 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Align Technology's stock price is $286.54. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.82. Therefore, Align Technology's P/E ratio for today is 49.23. PE RATIO(49.23) = STOCK PRICE($286.54) / TTM EPS($5.82)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.