As at Jul 25, 2024, the ALGN stock has a PE ratio of 37.18. This is based on the current EPS of $6.08 and the stock price of $226.05 per share. A decrease of 41% has been seen in the P/E ratio compared to the average of 63.1 of the last 4 quarters.
The mean historical PE ratio of Align Technology over the last ten years is 49.62. The current 37.18 PE ratio is 25% 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.
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 below the 3, 5 and 10-year averages.
ALGN's PE ratio is lower than its peer stock DHR.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ALGN Align Technology Inc | 36.26 | $16.6B |
| DHR Danaher Corp | 48.14 | $197.82B |
| XRAY DENTSPLY SIRONA Inc | N/A | $5.49B |
| MMM 3M Co | N/A | $70.37B |
ALGN's price to earnings ratio is 37.18 as of Jul 25, 2024.
The average PE ratio for ALGN stock over the past 3 years is 57.23.
The average PE ratio for ALGN stock over the past 5 years is 49.21.
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 25% below 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 (Jul 25, 2024), Align Technology's stock price is $226.05. 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 37.18. PE RATIO(37.18) = STOCK PRICE($226.05) / TTM EPS($6.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.