MODEL VERDICT
Alphatec Holdings, Inc. (ATEC)
Relative Valuation•Peer multiples, competitive benchmarking & quality-adjusted fair value
The market is pricing Alphatec Holdings, Inc. at a 81.7% premium to its peer-implied fair value.
7 curated peers matched by core operations and segment-adjacent attributes
| Ticker | Company | Market Cap | P/E | EV/EBITDA |
|---|---|---|---|---|
| XTNT | Xtant Medical Holdings, Inc. | $62M | 14.69x | 5.87x |
| GMED | Globus Medical, Inc. | $10.69B | 20.21x | 17.14x |
| SYK | Stryker Corporation | $117.88B | 36.64x | 21.17x |
| ZBH | Zimmer Biomet Holdings, Inc. | $17.22B | 24.78x | 9.83x |
| MDT | Medtronic plc | $101.86B | 21.98x | 14.54x |
| NUS | Nu Skin Enterprises, Inc. | $244M | 1.58x | 2.58x |
| AHCO | AdaptHealth Corp. | $1.31B | -18.56x | 5.19x |
3 valuation metrics · peer-median based
| Multiple | Current | Peer Median | vs Peers | Implied Price |
|---|---|---|---|---|
| Forward P/EPrice paid for next year's expected earnings. | 27.53x | 12.39x | Premium +122.19% | $3.97 |
| EV/EBITDAEnterprise value versus operating cash earnings proxy. | 405.2x | 9.83x | Premium +4020.46% | $0.21 |
| P/FCFPrice paid for free cash flow. | 476.24x | 11.7x | Premium +3971.31% | $0.22 |
How the model derives the final fair value from peer baselines and quality metrics
Premium: The stock is trading at a 448.09% premium to its quality-adjusted fair value of $1.61. The market is pricing the stock 81.75% above our model's estimate.
Quality metrics trail the peer group, warranting a discount.
Quality adjustments are capped at ±15% (up to ±20% for financial services) to prevent runaway premiums. Based on trailing twelve months and multi-year CAGR data where available.
Wall Street target prices — 18 analysts
Model-identified caveats to consider
ATEC looks expensive versus peers using AI-curated peers, with relative upside of -81.7%.
Answers to common questions about ATEC's relative valuation and our methodology.
Alphatec Holdings, Inc.'s fair value of $1.61 is the price at which the stock would trade if valued at the same multiples as its 7-company peer group, adjusted for differences in business quality. At $8.81, the stock trades at a -81.73% premium to fair value. This is a reference point, not a price target.
A core set of peers matched by business model was augmented with segment-adjacent companies sharing key business attributes, bringing the total to 7 clean peers. Only companies with usable financial data are included.
Alphatec Holdings, Inc. has strengths in 3y revenue growth, and challenges in roic, fcf margin, net debt / ebitda, and a quality score that warrants a 6% discount relative to its peer group. The Quality Adjustment section breaks down each driver.
No. This page provides an automated quantitative comparison of Alphatec Holdings, Inc. against its peers. It is not investment advice, a recommendation, or a solicitation. Valuation is only one factor in an investment decision — it does not account for growth catalysts, management quality, regulatory risk, or your personal financial situation.
A 81.73% premium is substantial. Large premiums suggest the market is pricing in significant growth or quality advantages that must be delivered to justify the current price. Review the Risk Factors and Historical Context sections to assess whether the gap is justified.
Valuation data is refreshed weekly based on the latest financial filings, market prices, and analyst estimates. Alphatec Holdings, Inc.'s fair value, peer multiples, and quality scores will shift over time as new earnings are reported and stock prices change.
Disclaimer: This page is for informational purposes only and does not constitute financial advice. Fair value estimates are model outputs under stated assumptions and should not be relied upon as the sole basis for any investment decision.