Align Technology, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Align Technology, Inc. (ALGN), the latest P/E of 25.6 frames valuation, while ROE 10.09% and ROIC 8.83% indicates profitability and capital efficiency. Together with the current ratio of 1.40 and debt-to-equity 0.03, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ALGN Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$57.93$53.41$50.54$47.76$50.09$31.39$30.30$24.56$18.40$13.52
Net Income per Share$5.79$5.63$5.82$4.62$9.78$22.55$5.57$5.00$2.89$2.38
Operating Cash Flow per Share$10.58$9.86$10.28$7.27$14.86$8.41$9.41$6.93$5.48$3.10
Free Cash Flow per Share$10.58$8.32$7.96$3.54$9.78$6.44$7.52$4.14$3.03$2.22
Cash per Share$15.43$13.94$12.73$12.78$14.84$12.20$10.94$9.18$9.01$8.02
Book Value per Share$59.23$51.44$47.50$46.06$45.91$41.06$16.95$15.65$14.36$12.46
Tangible Book Value per Share$50.94$44.15$40.94$39.62$39.21$33.76$16.00$14.63$13.25$11.44
Interest Debt per Share$1.71$1.59$1.66$1.62$1.59$1.09$0.75$0.00$0.00$0.00
CAPEX per Share$0.00$1.54$2.33$3.73$5.08$1.97$1.88$2.79$2.44$0.88

ALGN Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)25.5737.0547.0545.6167.1823.750.0541.8976.8940.47
Price to Book (P/B)2.494.055.774.5814.3213.0116.4613.3815.477.71
Price to Sales (P/S)2.533.95.424.4213.1217.039.218.5312.087.11
Enterprise Value to EBITDA12.0617.9825.1920.146.985.7336.5230.9444.3226.7
EV to Sales2.293.675.214.212.8716.6798.211.776.75
EV to Operating Cash Flow12.5519.925.6227.5643.462.242929.0839.5529.43
EV to Free Cash Flow12.5523.5933.1156.6265.9781.2536.2748.6871.4241.15
Enterprise Value$9.48B$14.69B$20.13B$15.68B$50.89B$41.21B$21.67B$16.13B$17.34B$7.29B

ALGN Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)10.09%10.94%12.26%10.04%21.31%54.92%32.89%31.94%20.12%19.06%
Return on Invested Capital (ROIC)8.83%9.99%11.03%9.58%18.43%51.46%28.00%29.97%17.77%18.85%
Return on Tangible Assets7.10%7.43%7.97%6.64%14.26%41.74%18.26%20.31%13.70%14.43%
Earnings Yield3.93%2.70%2.13%2.19%1.49%4.22%2.00%2.39%1.30%2.47%
Free Cash Flow Yield7.22%3.99%2.90%1.68%1.49%1.21%2.70%1.98%1.36%2.31%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

ALGN Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio1.41.221.181.261.31.41.681.882.322.69
Interest Coverage352.85000000000
Income Quality3.931.751.771.571.520.371.691.391.91.31
Debt to Equity0.030.030.030.040.030.030.04000
Debt to Assets1.88%1.92%2.08%2.13%2.11%1.78%2.37%0.00%0.00%0.00%
Net Debt to EBITDA-1.25-1.13-1.01-1.05-0.9-1.82-0.83-1.22-1.15-1.43

ALGN Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover3.63.883.693.733.993.763.94.084.544.36
Payables Turnover12.6311.0410.218.616.214.997.68.079.699.25
Inventory Turnover6.544.723.893.254.425.095.929.3211.259.75
Days Sales Outstanding101.2693.9898.9697.7591.597.1193.589.5280.3183.63
Days Payables Outstanding28.8933.0635.7442.458.8173.248.0445.2237.6639.45
Days of Inventory on Hand55.8377.3693.79112.3282.6171.7161.739.1632.4537.43

ALGN Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA12.0617.9825.1920.146.985.7336.5230.9444.3226.7
Market Cap$10.46B$15.61B$20.94B$16.49B$51.86B$42.09B$22.16B$16.77B$17.79B$7.68B
Enterprise Value$9.48B$14.69B$20.13B$15.68B$50.89B$41.21B$21.67B$16.13B$17.34B$7.29B
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

How does Align Technology, Inc.’s P/E ratio compare with its history?

On this page, ALGN's current P/E is 25.6, compared with a multi-year average around 45.5. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Align Technology, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $10.46B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Align Technology, Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Align Technology, Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Align Technology, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Align Technology, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Align Technology, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Align Technology, Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Align Technology, Inc. is financially strong. Current ratio is about 1.40, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 352.85, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.03, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Align Technology, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Align Technology, Inc. is sustaining strong returns (for example ROE at 10.09% and ROIC at 8.83%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.