Align Technology, Inc.

ALGN Healthcare Medical Instruments & Supplies

Align Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 0.90% from fiscal 2024.

Revenue
+1.92%
EPS
+143.9%
Free cash flow
+8.26%

Quarter to September 2026, against a year earlier

162.05 2.68 +1.68%
Market cap
$11.3B
P/E
23.1×
Fwd P/E
20.4×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.52
Dividend safety
n/a

Align Technology, Inc. (ALGN) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Align Technology, Inc. (ALGN) trades at a P/B ratio of 2.7×. Over the past ten years it has ranged from 2.3× (September 2025) to 26.3× (October 2018); the current reading is higher than 4% of that period. That is above the Medical Instruments & Supplies industry median of 2.3× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.8× (30.98%)
FY2024 4.1× (28.40%)
FY2023 5.7× 22.83%
FY2022 4.6× (67.81%)
FY2021 14.3× 10.00%
FY2020 13.0× (20.95%)
FY2019 16.5× 23.01%
FY2018 13.4× (14.12%)
FY2017 15.6× 100.34%
FY2016 7.8× 25.21%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.4× (14.43%)
Jun 2026 2.8× (3.45%)
Mar 2026 3.0× 5.48%
Dec 2025 2.8× 22.16%
43 more quarters

Against its own ten years

Low 2.3× High 26.3×
Ten-year median 7.1×
Current reading's percentile 4

P/B ratio against peers

Company P/B ratio
BLCO Bausch + Lomb Corporation compare 1.1×
COO The Cooper Companies, Inc. compare 1.5×
AVTR Avantor, Inc. compare 1.8×
BAX Baxter International Inc. compare 2.0×
TFX Teleflex Incorporated compare 2.3×
ALGN Align Technology, Inc. 2.7×
SOLV Solventum Corporation compare 3.1×
ATR AptarGroup, Inc. compare 3.5×
RGEN Repligen Corporation compare 4.6×
Medical Instruments & Supplies industry median 2.3×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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