Question 1

What is Align Technology's P/E ratio?

Accepted Answer

Align Technology (ALGN) P/E ratio is 27.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Align Technology?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Align Technology specifically, the relevant sector benchmark is the current sector median of 25.0×.

Question 5

Is Align Technology's P/E ratio high or low?

Accepted Answer

Align Technology's P/E ratio of 27.9× is below its own 5-year average of 47.7× and above the sector median of 25.0×. That places the current reading at the 12th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Align Technology's historical P/E ratio range?

Accepted Answer

In the available daily series, Align Technology (ALGN) P/E ratio has ranged from a low of 6.8× in 2009 to a high of 430.1× in 2004. The 5-year average is 47.7× and the 5-year median is 44.1×.

Question 7

What was Align Technology's P/E ratio in 2025?

Accepted Answer

Align Technology (ALGN) P/E ratio at the end of 2025 was 27.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Align Technology's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$11.19B	$410.35M	27.3×	-9.5×	Dec 31, 2025
2024	$15.52B	$421.36M	36.8×	-9.8×	Dec 31, 2024
2023	$20.74B	$445.05M	46.6×	+1.4×	Dec 31, 2023
2022	$16.35B	$361.57M	45.2×	-21.8×	Dec 31, 2022
2021	$51.76B	$772.02M	67.0×	+43.3×	Dec 31, 2021
2020	$42.14B	$1.78B	23.7×	-25.8×	Dec 31, 2020
2019	$21.93B	$442.78M	49.5×	+7.7×	Dec 31, 2019
2018	$16.73B	$400.24M	41.8×	-35.1×	Dec 31, 2018
2017	$17.79B	$231.42M	76.9×	+36.4×	Dec 31, 2017
2016	$7.68B	$189.68M	40.5×	+4.0×	Dec 31, 2016
2015	$5.26B	$144.02M	36.5×	+5.7×	Dec 31, 2015
2014	$4.50B	$145.83M	30.8×	-41.2×	Dec 31, 2014
2013	$4.64B	$64.30M	72.1×	+33.8×	Dec 31, 2013
2012	$2.25B	$58.69M	38.3×	+10.3×	Dec 31, 2012
2011	$1.87B	$66.72M	28.0×	+7.8×	Dec 31, 2011
2010	$1.50B	$74.25M	20.2×	—	Dec 31, 2010
2009	$1.34B	−$31.27M	—	—	Dec 31, 2009
2008	$577.35M	$79.99M	7.2×	-25.0×	Dec 31, 2008
2007	$1.15B	$35.72M	32.2×	—	Dec 31, 2007
2006	$914.10M	−$34.96M	—	—	Dec 31, 2006
2005	$401.46M	$1.41M	284.1×	+209.0×	Dec 31, 2005
2004	$658.39M	$8.77M	75.1×	—	Dec 31, 2004
2003	$975.59M	−$20.12M	—	—	Dec 31, 2003
2002	$157.84M	−$70.53M	—	—	Dec 31, 2002
2001	$205.62M	−$97.47M	—	—	Dec 31, 2001


Medtronic (MDT)	22.2×
McKesson (MCK)	22.2×
Illumina (ILMN)	21.7×
ResMed (RMD)	21.6×
GE HealthCare (GEHC)	21.6×
Pfizer (PFE)	21.1×
Quest Diagnostics (DGX)	21.1×
Henry Schein (HSIC)	21.0×
AptarGroup (ATR)	20.9×
IQVIA (IQV)	20.7×
UnitedHealth Group (UNH)	20.4×
Biogen (BIIB)	19.7×
Zoetis (ZTS)	18.9×
Gilead Sciences (GILD)	18.8×
Humana (HUM)	18.5×
Regeneron Pharmaceuticals (REGN)	18.2×
Bristol-Myers Squibb (BMY)	17.0×
HCA Healthcare (HCA)	15.8×
DaVita (DVA)	13.3×
Incyte (INCY)	13.1×
Elevance Health (ELV)	12.3×
Cigna (CI)	11.1×
Novo Nordisk (NVO)	8.6×
Solventum (SOLV)	7.9×
Universal Health Services (UHS)	7.2×

P/E Ratio for Align Technology (ALGN)

P/E Ratio daily chart for Align Technology (ALGN)

Historical P/E Ratio for Align Technology (ALGN) from 2001 to 2025

About P/E Ratio at Align Technology (ALGN)

Align Technology P/E Ratio by Year

Align Technology P/E Ratio 2025: 27.3×

Align Technology P/E Ratio 2024: 36.8×

Align Technology P/E Ratio 2023: 46.6×

Align Technology P/E Ratio 2022: 45.2×

Align Technology P/E Ratio 2021: 67.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Align Technology (ALGN) Key Financials

P/E Ratio daily chart for Align Technology (ALGN)

Historical P/E Ratio for Align Technology (ALGN) from 2001 to 2025

About P/E Ratio at Align Technology (ALGN)

Align Technology P/E Ratio by Year

Align Technology P/E Ratio 2025: 27.3×

Align Technology P/E Ratio 2024: 36.8×

Align Technology P/E Ratio 2023: 46.6×

Align Technology P/E Ratio 2022: 45.2×

Align Technology P/E Ratio 2021: 67.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Align Technology's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Align Technology?

+Is Align Technology's P/E ratio high or low?

+What is Align Technology's historical P/E ratio range?

+What was Align Technology's P/E ratio in 2025?

+Why does Align Technology's P/E ratio change over time?

Align Technology (ALGN) Key Financials