Question 1

What is Align Technology's P/S ratio?

Accepted Answer

Align Technology (ALGN) P/S ratio is 2.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Align Technology specifically, the relevant sector benchmark is the current sector median of 3.5×.

Question 5

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

Accepted Answer

Align Technology's P/S ratio of 2.9× is below its own 5-year average of 6.1× and below the sector median of 3.5×. That places the current reading at the 10th 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/S ratio range?

Accepted Answer

In the available daily series, Align Technology (ALGN) P/S ratio has ranged from a low of 1.7× in 2009 to a high of 19.9× in 2021. The 5-year average is 6.1× and the 5-year median is 4.7×.

Question 7

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

Accepted Answer

Align Technology (ALGN) P/S ratio at the end of 2025 was 2.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$4.03B	2.8×	-1.1×	Dec 31, 2025
2024	$15.52B	$4.00B	3.9×	-1.5×	Dec 31, 2024
2023	$20.74B	$3.86B	5.4×	+1.0×	Dec 31, 2023
2022	$16.35B	$3.73B	4.4×	-8.7×	Dec 31, 2022
2021	$51.76B	$3.95B	13.1×	-4.0×	Dec 31, 2021
2020	$42.14B	$2.47B	17.0×	+7.9×	Dec 31, 2020
2019	$21.93B	$2.41B	9.1×	+0.6×	Dec 31, 2019
2018	$16.73B	$1.97B	8.5×	-3.6×	Dec 31, 2018
2017	$17.79B	$1.47B	12.1×	+5.0×	Dec 31, 2017
2016	$7.68B	$1.08B	7.1×	+0.9×	Dec 31, 2016
2015	$5.26B	$845.49M	6.2×	+0.3×	Dec 31, 2015
2014	$4.50B	$761.65M	5.9×	-1.1×	Dec 31, 2014
2013	$4.64B	$660.21M	7.0×	+3.0×	Dec 31, 2013
2012	$2.25B	$560.04M	4.0×	+0.1×	Dec 31, 2012
2011	$1.87B	$479.74M	3.9×	+0.0×	Dec 31, 2011
2010	$1.50B	$387.13M	3.9×	-0.4×	Dec 31, 2010
2009	$1.34B	$312.33M	4.3×	+2.4×	Dec 31, 2009
2008	$577.35M	$303.98M	1.9×	-2.2×	Dec 31, 2008
2007	$1.15B	$284.33M	4.1×	-0.4×	Dec 31, 2007
2006	$914.10M	$206.35M	4.4×	+2.5×	Dec 31, 2006
2005	$401.46M	$207.13M	1.9×	-1.9×	Dec 31, 2005
2004	$658.39M	$172.83M	3.8×	-4.1×	Dec 31, 2004
2003	$975.59M	$122.72M	7.9×	+5.8×	Dec 31, 2003
2002	$157.84M	$72.66M	2.2×	-2.3×	Dec 31, 2002
2001	$205.62M	$46.38M	4.4×	—	Dec 31, 2001


Zimmer Biomet Holdings (ZBH)	2.1×
AptarGroup (ATR)	2.1×
Becton, Dickinson and (BDX)	2.1×
Charles River (CRL)	1.9×
Quest Diagnostics (DGX)	1.9×
IQVIA (IQV)	1.7×
GE HealthCare (GEHC)	1.6×
Labcorp Holdings (LH)	1.6×
HCA Healthcare (HCA)	1.4×
Solventum (SOLV)	1.4×
Viatris (VTRS)	1.1×
Baxter International (BAX)	0.8×
DaVita (DVA)	0.7×
Henry Schein (HSIC)	0.6×
Universal Health Services (UHS)	0.6×
UnitedHealth Group (UNH)	0.5×
Elevance Health (ELV)	0.3×
McKesson (MCK)	0.3×
Cigna (CI)	0.3×
CVS Health (CVS)	0.2×
Cardinal Health (CAH)	0.2×
Cencora (COR)	0.2×
Humana (HUM)	0.2×
Molina Healthcare (MOH)	0.2×
Centene (CNC)	0.1×

P/S Ratio for Align Technology (ALGN)

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

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

About P/S Ratio at Align Technology (ALGN)

Align Technology P/S Ratio by Year

Align Technology P/S Ratio 2025: 2.8×

Align Technology P/S Ratio 2024: 3.9×

Align Technology P/S Ratio 2023: 5.4×

Align Technology P/S Ratio 2022: 4.4×

Align Technology P/S Ratio 2021: 13.1×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Align Technology (ALGN) Key Financials

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

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

About P/S Ratio at Align Technology (ALGN)

Align Technology P/S Ratio by Year

Align Technology P/S Ratio 2025: 2.8×

Align Technology P/S Ratio 2024: 3.9×

Align Technology P/S Ratio 2023: 5.4×

Align Technology P/S Ratio 2022: 4.4×

Align Technology P/S Ratio 2021: 13.1×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Align Technology (ALGN) Key Financials