P/E ratio for Align Technology (ALGN)
P/E ratio as of May 2023 (TTM): 70.5
According to Align Technology 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 70.5333. At the end of 2021 the company had a P/E ratio of 67.2.
P/E ratio history for Align Technology from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 67.2 | 184.06% |
| 2020 | 23.7 | -52.78% |
| 2019 | 50.1 | 19.6% |
| 2018 | 41.9 | -45.52% |
| 2017 | 76.9 | |
| 2012 | 26.9 | -2.36% |
| 2011 | 27.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Danaher DHR | 24.7 | -64.97% | 🇺🇸 USA |
 3M MMM | 10.0 | -85.81% | 🇺🇸 USA |
 Dentsply Sirona
XRAY | -7.65 | -110.84% | 🇺🇸 USA |
 Biolase
BIOL | -0.0196 | -100.03% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.