Align Technology, Inc. (ALGN) P/E Ratio History
Historical price-to-earnings valuation from 2004 to 2026
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ALGN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Align Technology, Inc. (ALGN) trades at a price-to-earnings ratio of 29.8x, with a stock price of $168.39 and trailing twelve-month earnings per share of $6.00.
The current P/E is 38% below its 5-year average of 48.2x. Over the past five years, ALGN's P/E has ranged from a low of 24.3x to a high of 86.9x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Healthcare sector median P/E of 22.3x, ALGN trades at a 34% premium to its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 177.5x.
Relative to the broader market, ALGN trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our ALGN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
ALGN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $8B | 21.6 | 6.84 | +7% | |
| $4B | 86.7 | 58.08 | +104% | |
| $45B | 43.7 | 3.06 | +23% | |
| $17B | 30.5 | - | -25% | |
| $161B | 57.6 | 2.65Best | +23% | |
| $3B | 15.0Lowest | - | +382%Best | |
| $75B | 24.0 | - | -21% | |
| $4B | 139.2 | - | +118% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ALGN Historical P/E Data (2004–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $171.37 | $5.96 | 28.8x | -54% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $156.15 | $5.66 | 27.6x | -56% |
| FY2025 Q3 | $125.22 | $5.16 | 24.3x | -61% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $189.33 | $5.93 | 31.9x | -49% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $158.86 | $5.49 | 28.9x | -54% |
| FY2024 Q4 | $208.51 | $5.61 | 37.2x | -41% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $254.32 | $5.86 | 43.4x | -31% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $241.43 | $5.89 | 41.0x | -34% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $327.92 | $6.07 | 54.0x | -14% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $274.00 | $5.82 | 47.1x | -25% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $305.32 | $4.72 | 64.7x | +3% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $353.64 | $4.07 | 86.9x | +39% |
Average P/E for displayed period: 62.6x
Full ALGN Stock Analysis
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Start ComparisonALGN — Frequently Asked Questions
Quick answers to the most common questions about buying ALGN stock.
Is ALGN stock overvalued or undervalued?
ALGN trades at 29.8x P/E, below its 5-year average of 48.2x. At the 20th percentile of historical range, the stock is priced at a discount to its own history.
How does ALGN's valuation compare to peers?
Align Technology, Inc. P/E of 29.8x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is ALGN's PEG ratio?
ALGN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2004-2026.